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IJH vs. SMMD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJH vs. SMMD

Last updated Aug 4, 2026
Documentation

IJH (iShares Core S&P Mid-Cap ETF) and SMMD (iShares Russell 2500 ETF) are both exchange-traded funds - IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index, while SMMD is a Small Cap Growth Equities fund tracking the Russell 2500 Index. Both are passively managed. Over the past 5 years, IJH returned 8.86%/yr vs 8.60%/yr for SMMD. Their correlation of 0.93 means they have usually moved in the same direction. IJH charges 0.05%/yr vs 0.15%/yr for SMMD.

Performance

IJH vs. SMMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Mid-Cap ETF (IJH) and iShares Russell 2500 ETF (SMMD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IJH achieves a 15.88% return, which is significantly lower than SMMD's 21.49% return.

IJH

1D
1.12%
1M
0.03%
6M
10.44%
YTD
15.88%
1Y
24.18%
3Y*
13.99%
5Y*
8.86%
10Y*
10.97%
ALL TIME*
9.89%

SMMD

1D
1.69%
1M
-0.19%
6M
14.63%
YTD
21.49%
1Y
35.05%
3Y*
16.92%
5Y*
8.60%
10Y*
—
ALL TIME*
11.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IJH

iShares Core S&P Mid-Cap ETF
$455.75M$451.31M$537.83M

SMMD

iShares Russell 2500 ETF
$22.13M$20.50M$23.94M

IJH vs. SMMD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJH
iShares Core S&P Mid-Cap ETF		15.88%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-11.19%10.79%
SMMD
iShares Russell 2500 ETF		21.49%11.72%11.87%17.71%-18.53%18.30%19.98%28.01%-10.58%11.27%

Correlation

The correlation between IJH and SMMD is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.95

Correlation (3Y)
Balances recent behavior with more history.

0.97

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.98

Correlation (All Time)
Calculated using the full available price history since Jul 7, 2017

0.93

The correlation between IJH and SMMD has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.

IJH vs. SMMD - Sectors Allocation Comparison

Sectors
IJH
SMMD

Industrials

25.2%
19.1%

Technology

17.5%
15.5%

Financial Services

13.9%
15.2%

Consumer Cyclical

10.5%
10.7%

Healthcare

8.9%
14.5%

Real Estate

7.2%
7.7%

Basic Materials

4.8%
4.4%

Energy

4.6%
4.0%

Consumer Defensive

3.2%
3.5%

Utilities

2.8%
2.8%

Communication Services

1.5%
2.7%

Industrials

IJH
25.2%
SMMD
19.1%

Technology

IJH
17.5%
SMMD
15.5%

Financial Services

IJH
13.9%
SMMD
15.2%

Consumer Cyclical

IJH
10.5%
SMMD
10.7%

Healthcare

IJH
8.9%
SMMD
14.5%

Real Estate

IJH
7.2%
SMMD
7.7%

Basic Materials

IJH
4.8%
SMMD
4.4%

Energy

IJH
4.6%
SMMD
4.0%

Consumer Defensive

IJH
3.2%
SMMD
3.5%

Utilities

IJH
2.8%
SMMD
2.8%

Communication Services

IJH
1.5%
SMMD
2.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P Mid-Cap ETF

iShares Russell 2500 ETF

Often compared with IJH:
IJH vs. VOIJH vs. IJRIJH vs. MDYIJH vs. SCHMIJH vs. IJKIJH vs. IJJIJH vs. IVOO
Often compared with SMMD:
SMMD vs. IJRSMMD vs. VOOSMMD vs. IMCVSMMD vs. DODGXSMMD vs. XJRSMMD vs. IMCGSMMD vs. IVV

Return for Risk

IJH vs. SMMD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IJH
IJH Risk / Return Rank: 7070
Overall Rank
IJH Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 6969
Sortino Ratio Rank
IJH Omega Ratio Rank: 6464
Omega Ratio Rank
IJH Calmar Ratio Rank: 7676
Calmar Ratio Rank
IJH Martin Ratio Rank: 7777
Martin Ratio Rank
SMMD
SMMD Risk / Return Rank: 8484
Overall Rank
SMMD Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SMMD Sortino Ratio Rank: 8383
Sortino Ratio Rank
SMMD Omega Ratio Rank: 7979
Omega Ratio Rank
SMMD Calmar Ratio Rank: 8888
Calmar Ratio Rank
SMMD Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IJH vs. SMMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) and iShares Russell 2500 ETF (SMMD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IJHSMMDDifference
Sharpe ratioReturn per unit of total volatility
1.55
2.01

-0.46

Sortino ratioReturn per unit of downside risk
2.28
2.84

-0.55

Omega ratioGain probability vs. loss probability

1.28

1.34

-0.07

Calmar ratioReturn relative to maximum drawdown

2.75

3.65

-0.89

Martin ratioReturn relative to average drawdown

10.01

13.74

-3.73

IJH vs. SMMD - Sharpe Ratio Comparison

The current IJH Sharpe Ratio is 1.55, which is comparable to the SMMD Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of IJH and SMMD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IJH vs. SMMD - Drawdown Comparison

The maximum IJH drawdown since its inception was -55.07%, which is greater than SMMD's maximum drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for IJH and SMMD.

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Drawdown Indicators

IJHSMMDDifference

Max Drawdown

Largest peak-to-trough decline

-55.07%

-41.06%

-14.01%

Max Drawdown (1Y)

Largest decline over 1 year

-8.83%

-9.66%

+0.83%

Max Drawdown (3Y)

Largest decline over 3 years

-24.10%

-25.50%

+1.40%

Max Drawdown (5Y)

Largest decline over 5 years

-24.10%

-28.26%

+4.16%

Max Drawdown (10Y)

Largest decline over 10 years

-42.18%

—

—

Current Drawdown

Current decline from peak

-1.30%

-1.12%

-0.18%

Average Drawdown

Average peak-to-trough decline

-7.53%

-8.25%

+0.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.42%

2.56%

-0.14%

Volatility

IJH vs. SMMD - Volatility Comparison

iShares Core S&P Mid-Cap ETF (IJH) and iShares Russell 2500 ETF (SMMD) have volatilities of 3.63% and 3.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJHSMMDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

3.63%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

11.63%

13.23%

-1.60%

Volatility (1Y)

Calculated over the trailing 1-year period

15.70%

17.59%

-1.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.68%

20.83%

-1.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.14%

22.27%

-1.13%

IJH vs. SMMD - Expense Ratio Comparison

IJH has a 0.05% expense ratio, which is lower than SMMD's 0.15% expense ratio. Despite the difference, 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. SMMD - Dividend Comparison

IJH's dividend yield for the trailing twelve months is around 1.17%, more than SMMD's 1.06% yield.

PositionTTM20252024202320222021202020192018201720162015
IJH
iShares Core S&P Mid-Cap ETF		1.17%1.36%1.33%1.46%1.68%1.18%1.28%1.63%1.72%1.19%1.60%1.56%
SMMD
iShares Russell 2500 ETF		1.06%1.28%1.27%1.44%1.79%1.12%1.31%1.50%2.45%0.68%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.95, IJH and SMMD 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.

SMMD has higher volatility (3.63%) compared to IJH (3.63%). In terms of maximum drawdown, IJH dropped -55.07% vs SMMD's -41.06%.

On 5-year performance, IJH leads with 8.86% vs 8.60% for SMMD. On fees, IJH is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IJH has performed better with a 8.86% return vs 8.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJH is cheaper with a 0.05% expense ratio, compared with 0.15% for SMMD.

IJH has the higher dividend yield at 1.17%, compared with 1.06% for SMMD.

IJH is categorized as Mid Cap Blend Equities, while SMMD is Small Cap Growth Equities. IJH tracks S&P MidCap 400 Index, while SMMD tracks Russell 2500 Index. Their fees differ too: 0.05% for IJH and 0.15% for SMMD.

SMMD currently has the higher Sharpe Ratio (2.01 vs 1.55), 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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