IJH vs. FLAPX
IJH (iShares Core S&P Mid-Cap ETF) and FLAPX (Fidelity Flex Mid Cap Index Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, IJH returned 8.17%/yr vs 9.56%/yr for FLAPX. With a 0.97 correlation, they move nearly in lockstep. IJH charges 0.05%/yr vs 0.00%/yr for FLAPX.
Performance
IJH vs. FLAPX - Performance Comparison
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Returns By Period
In the year-to-date period, IJH achieves a 14.10% return, which is significantly lower than FLAPX's 15.19% return.
IJH
- 1D
- -0.12%
- 1M
- 3.84%
- YTD
- 14.10%
- 6M
- 14.33%
- 1Y
- 25.45%
- 3Y*
- 16.09%
- 5Y*
- 8.17%
- 10Y*
- 11.27%
FLAPX
- 1D
- 0.37%
- 1M
- 3.60%
- YTD
- 15.19%
- 6M
- 15.35%
- 1Y
- 28.95%
- 3Y*
- 19.67%
- 5Y*
- 9.56%
- 10Y*
- —
IJH vs. FLAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJH iShares Core S&P Mid-Cap ETF | 14.10% | 7.42% | 13.92% | 16.40% | -13.11% | 24.72% | 13.60% | 26.10% | -11.19% | 13.07% |
FLAPX Fidelity Flex Mid Cap Index Fund | 15.19% | 14.33% | 15.30% | 17.28% | -17.28% | 22.59% | 17.30% | 30.56% | -9.10% | 14.01% |
Correlation
The correlation between IJH and FLAPX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2017 | 0.97 |
The correlation between IJH and FLAPX has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
IJH vs. FLAPX — Risk / Return Rank
IJH
FLAPX
IJH vs. FLAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) and Fidelity Flex Mid Cap Index Fund (FLAPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| IJH | FLAPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.31 | -0.41 |
| Martin ratioReturn relative to average drawdown | 10.60 | 13.10 | -2.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IJH | FLAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.96 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.52 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.61 | -0.15 |
Drawdowns
IJH vs. FLAPX - Drawdown Comparison
The maximum IJH drawdown since its inception was -55.07%, which is greater than FLAPX's maximum drawdown of -40.31%. Use the drawdown chart below to compare losses from any high point for IJH and FLAPX.
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Drawdown Indicators
| IJH | FLAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.07% | -40.31% | -14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -9.21% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -24.10% | -21.02% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -24.10% | -26.09% | +1.99% |
Max Drawdown (10Y)Largest decline over 10 years | -42.18% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -6.12% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.32% | +0.09% |
Volatility
IJH vs. FLAPX - Volatility Comparison
iShares Core S&P Mid-Cap ETF (IJH) has a higher volatility of 4.37% compared to Fidelity Flex Mid Cap Index Fund (FLAPX) at 3.80%. This indicates that IJH's price experiences larger fluctuations and is considered to be riskier than FLAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJH | FLAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 3.80% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 11.55% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 15.51% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 18.58% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 19.95% | +1.23% |
IJH vs. FLAPX - Expense Ratio Comparison
IJH has a 0.05% expense ratio, which is higher than FLAPX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IJH vs. FLAPX - Dividend Comparison
IJH's dividend yield for the trailing twelve months is around 1.18%, while FLAPX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | 0.00% | 0.00% | 1.08% | 1.99% | 1.82% | 2.83% | 2.16% | 2.18% | 2.24% | 0.44% | 0.00% | 0.00% |
IJH iShares Core S&P Mid-Cap ETF | 1.18% | 1.36% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% |
Frequently Asked Questions
With a correlation of 0.97, IJH and FLAPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IJH has higher volatility (4.37%) compared to FLAPX (3.80%). In terms of maximum drawdown, IJH dropped -55.07% vs FLAPX's -40.31%.
FLAPX currently has the higher Sharpe Ratio (1.96 vs 1.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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