IJH vs. VO
IJH (iShares Core S&P Mid-Cap ETF) and VO (Vanguard Mid-Cap ETF) are both Mid Cap Blend Equities funds - IJH tracks the S&P MidCap 400 Index while VO tracks the CRSP US Mid Cap Index. Both are passively managed. Over the past 10 years, IJH returned 11.42%/yr vs 11.71%/yr for VO. With a 0.96 correlation, they move nearly in lockstep. IJH charges 0.05%/yr vs 0.03%/yr for VO.
Performance
IJH vs. VO - Performance Comparison
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Returns By Period
In the year-to-date period, IJH achieves a 14.16% return, which is significantly higher than VO's 10.04% return. Both investments have delivered pretty close results over the past 10 years, with IJH having a 11.42% annualized return and VO not far ahead at 11.71%.
IJH
- 1D
- -1.25%
- 1M
- 4.18%
- YTD
- 14.16%
- 6M
- 14.19%
- 1Y
- 26.12%
- 3Y*
- 14.96%
- 5Y*
- 9.14%
- 10Y*
- 11.42%
VO
- 1D
- -1.38%
- 1M
- 3.81%
- YTD
- 10.04%
- 6M
- 10.21%
- 1Y
- 18.94%
- 3Y*
- 15.30%
- 5Y*
- 8.27%
- 10Y*
- 11.71%
IJH vs. VO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJH iShares Core S&P Mid-Cap ETF | 14.16% | 7.42% | 13.92% | 16.40% | -13.11% | 24.72% | 13.60% | 26.10% | -11.19% | 16.26% |
VO Vanguard Mid-Cap ETF | 10.04% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
Correlation
The correlation between IJH and VO is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.96 |
The correlation between IJH and VO has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
IJH vs. VO - Sectors Allocation Comparison
Sectors
IJH
VO
Industrials
Technology
Financial Services
Consumer Cyclical
Healthcare
Real Estate
Energy
Basic Materials
Consumer Defensive
Utilities
Communication Services
Industrials
IJH
VO
Technology
IJH
VO
Financial Services
IJH
VO
Consumer Cyclical
IJH
VO
Healthcare
IJH
VO
Real Estate
IJH
VO
Energy
IJH
VO
Basic Materials
IJH
VO
Consumer Defensive
IJH
VO
Utilities
IJH
VO
Communication Services
IJH
VO
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Return for Risk
IJH vs. VO — Risk / Return Rank
IJH
VO
IJH vs. VO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) and Vanguard Mid-Cap ETF (VO). 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.
| IJH | VO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 2.33 | +0.64 |
| Martin ratioReturn relative to average drawdown | 10.86 | 8.79 | +2.07 |
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Drawdowns
IJH vs. VO - Drawdown Comparison
The maximum IJH drawdown since its inception was -55.07%, smaller than the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for IJH and VO.
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Drawdown Indicators
| IJH | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.07% | -58.87% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -8.17% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -24.10% | -19.02% | -5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -24.10% | -27.57% | +3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -42.18% | -39.37% | -2.81% |
Current DrawdownCurrent decline from peak | -1.55% | -1.57% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -7.85% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.16% | +0.25% |
Volatility
IJH vs. VO - Volatility Comparison
iShares Core S&P Mid-Cap ETF (IJH) has a higher volatility of 4.96% compared to Vanguard Mid-Cap ETF (VO) at 4.48%. This indicates that IJH's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJH | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 4.48% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 9.82% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.84% | 12.78% | +3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 17.67% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 18.98% | +2.22% |
IJH vs. VO - Expense Ratio Comparison
IJH has a 0.05% expense ratio, which is higher than VO's 0.03% 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. VO - Dividend Comparison
IJH's dividend yield for the trailing twelve months is around 1.18%, less than VO's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VO Vanguard Mid-Cap ETF | 1.36% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Frequently Asked Questions
With a correlation of 0.92, IJH and VO 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 (4.96%) compared to VO (4.48%). In terms of maximum drawdown, IJH dropped -55.07% vs VO's -58.87%.
On 10-year performance, VO leads with 11.71% vs 11.42% for IJH. On fees, VO is cheaper at 0.03% per year. On volatility, VO has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VO has performed better with a 11.71% return vs 11.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VO is cheaper with a 0.03% expense ratio, compared with 0.05% for IJH.
VO has the higher dividend yield at 1.36%, compared with 1.18% for IJH.
IJH tracks S&P MidCap 400 Index, while VO tracks CRSP US Mid Cap Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.05% for IJH and 0.03% for VO.
IJH currently has the higher Sharpe Ratio (1.66 vs 1.49), 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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