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IJH vs. VRIG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJH vs. VRIG

Last updated Jun 9, 2026

IJH (iShares Core S&P Mid-Cap ETF) and VRIG (Invesco Variable Rate Investment Grade ETF) are both exchange-traded funds - IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index, while VRIG is a Ultrashort Bond fund actively managed by Invesco. IJH is passively managed, while VRIG is actively managed. Over the past 5 years, IJH returned 7.86%/yr vs 4.44%/yr for VRIG. At a 0.09 correlation, their price movements are largely independent. IJH charges 0.05%/yr vs 0.30%/yr for VRIG.

Performance

IJH vs. VRIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Mid-Cap ETF (IJH) and Invesco Variable Rate Investment Grade ETF (VRIG). 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 12.55% return, which is significantly higher than VRIG's 1.87% return.

IJH

1D
0.22%
1M
0.16%
YTD
12.55%
6M
12.75%
1Y
22.98%
3Y*
15.01%
5Y*
7.86%
10Y*
11.12%

VRIG

1D
0.04%
1M
0.39%
YTD
1.87%
6M
2.24%
1Y
4.97%
3Y*
5.96%
5Y*
4.44%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJH vs. VRIG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJH
iShares Core S&P Mid-Cap ETF		12.55%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-11.19%16.26%
VRIG
Invesco Variable Rate Investment Grade ETF		1.87%5.05%6.81%7.37%0.99%1.06%1.76%4.57%0.51%3.20%

Correlation

The correlation between IJH and VRIG is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2016

0.09

IJH vs. VRIG - Sectors Allocation Comparison

Sectors
IJH
VRIG

Industrials

25.0%
0.0%

Technology

15.7%
0.4%

Financial Services

14.4%
23.3%

Consumer Cyclical

10.7%
3.0%

Healthcare

8.6%

-

Real Estate

7.5%
0.3%

Energy

5.5%

-

Basic Materials

4.8%
0.8%

Consumer Defensive

3.8%
0.7%

Utilities

3.1%
0.1%

Communication Services

1.0%

-

Industrials

IJH
25.0%
VRIG
0.0%

Technology

IJH
15.7%
VRIG
0.4%

Financial Services

IJH
14.4%
VRIG
23.3%

Consumer Cyclical

IJH
10.7%
VRIG
3.0%

Healthcare

IJH
8.6%
VRIG

-

Real Estate

IJH
7.5%
VRIG
0.3%

Energy

IJH
5.5%
VRIG

-

Basic Materials

IJH
4.8%
VRIG
0.8%

Consumer Defensive

IJH
3.8%
VRIG
0.7%

Utilities

IJH
3.1%
VRIG
0.1%

Communication Services

IJH
1.0%
VRIG

-

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

Invesco Variable Rate Investment Grade ETF

Often compared with IJH:
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Often compared with VRIG:
VRIG vs. FLTRVRIG vs. SGOVVRIG vs. TFLOVRIG vs. LQDHVRIG vs. EMNTVRIG vs. FEMBVRIG vs. MBSD

Return for Risk

IJH vs. VRIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJH
IJH Risk / Return Rank: 5252
Overall Rank
IJH Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 4949
Sortino Ratio Rank
IJH Omega Ratio Rank: 4646
Omega Ratio Rank
IJH Calmar Ratio Rank: 5858
Calmar Ratio Rank
IJH Martin Ratio Rank: 5959
Martin Ratio Rank
VRIG
VRIG Risk / Return Rank: 9999
Overall Rank
VRIG Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
VRIG Sortino Ratio Rank: 9999
Sortino Ratio Rank
VRIG Omega Ratio Rank: 9999
Omega Ratio Rank
VRIG Calmar Ratio Rank: 9999
Calmar Ratio Rank
VRIG Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJH vs. VRIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) and Invesco Variable Rate Investment Grade ETF (VRIG). 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.

IJHVRIGDifference
Sharpe ratioReturn per unit of total volatility
1.48
10.08

-8.61

Sortino ratioReturn per unit of downside risk
2.17
24.37

-22.20

Omega ratioGain probability vs. loss probability

1.26

5.29

-4.02

Calmar ratioReturn relative to maximum drawdown

2.61

62.49

-59.87

Martin ratioReturn relative to average drawdown

9.55

318.26

-308.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJH vs. VRIG - Sharpe Ratio Comparison

The current IJH Sharpe Ratio is 1.48, which is lower than the VRIG Sharpe Ratio of 10.08. The chart below compares the historical Sharpe Ratios of IJH and VRIG, 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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Sharpe Ratios by Period

IJHVRIGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.48

10.08

-8.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.40

3.46

-3.06

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

0.91

-0.45

Drawdowns

IJH vs. VRIG - Drawdown Comparison

The maximum IJH drawdown since its inception was -55.07%, which is greater than VRIG's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for IJH and VRIG.

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Drawdown Indicators

IJHVRIGDifference

Max Drawdown

Largest peak-to-trough decline

-55.07%

-13.04%

-42.03%

Max Drawdown (1Y)

Largest decline over 1 year

-8.83%

-0.08%

-8.75%

Max Drawdown (3Y)

Largest decline over 3 years

-24.10%

-0.78%

-23.32%

Max Drawdown (5Y)

Largest decline over 5 years

-24.10%

-2.28%

-21.82%

Max Drawdown (10Y)

Largest decline over 10 years

-42.18%

—

—

Current Drawdown

Current decline from peak

-1.79%

0.00%

-1.79%

Average Drawdown

Average peak-to-trough decline

-7.57%

-0.27%

-7.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

0.02%

+2.39%

Volatility

IJH vs. VRIG - Volatility Comparison

iShares Core S&P Mid-Cap ETF (IJH) has a higher volatility of 4.17% compared to Invesco Variable Rate Investment Grade ETF (VRIG) at 0.11%. This indicates that IJH's price experiences larger fluctuations and is considered to be riskier than VRIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJHVRIGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.17%

0.11%

+4.06%

Volatility (6M)

Calculated over the trailing 6-month period

11.49%

0.36%

+11.13%

Volatility (1Y)

Calculated over the trailing 1-year period

15.64%

0.50%

+15.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.76%

1.29%

+18.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.19%

3.80%

+17.39%

IJH vs. VRIG - Expense Ratio Comparison

IJH has a 0.05% expense ratio, which is lower than VRIG's 0.30% expense ratio.

Dividends

IJH vs. VRIG - Dividend Comparison

IJH's dividend yield for the trailing twelve months is around 1.20%, less than VRIG's 4.79% yield.

PositionTTM20252024202320222021202020192018201720162015
IJH
iShares Core S&P Mid-Cap ETF		1.20%1.36%1.33%1.46%1.68%1.18%1.28%1.63%1.72%1.19%1.60%1.56%
VRIG
Invesco Variable Rate Investment Grade ETF		4.79%4.99%6.09%5.97%2.39%0.78%1.57%3.12%2.89%2.31%0.60%0.00%

Frequently Asked Questions

IJH and VRIG have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IJH has higher volatility (4.17%) compared to VRIG (0.11%). In terms of maximum drawdown, IJH dropped -55.07% vs VRIG's -13.04%.

On 5-year performance, IJH leads with 7.86% vs 4.44% for VRIG. On fees, IJH is cheaper at 0.05% per year. On volatility, VRIG has been the lower-risk option at 0.11%. 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 7.86% return vs 4.44%. 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 0.30% for VRIG.

VRIG has the higher dividend yield at 4.79%, compared with 1.20% for IJH.

IJH is categorized as Mid Cap Blend Equities, while VRIG is Ultrashort Bond. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.05% for IJH and 0.30% for VRIG.

VRIG currently has the higher Sharpe Ratio (10.08 vs 1.48), 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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