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IJH vs. VWO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJH vs. VWO

Last updated Jun 23, 2026

IJH (iShares Core S&P Mid-Cap ETF) and VWO (Vanguard FTSE Emerging Markets ETF) are both exchange-traded funds - IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index, while VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index. Both are passively managed. Over the past 10 years, IJH returned 11.74%/yr vs 9.31%/yr for VWO. A 0.70 correlation means they provide meaningful diversification when combined. IJH charges 0.05%/yr vs 0.08%/yr for VWO.

Performance

IJH vs. VWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Mid-Cap ETF (IJH) and Vanguard FTSE Emerging Markets ETF (VWO). 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 15.82% return, which is significantly higher than VWO's 14.05% return. Over the past 10 years, IJH has outperformed VWO with an annualized return of 11.74%, while VWO has yielded a comparatively lower 9.31% annualized return.

IJH

1D
0.38%
1M
3.76%
YTD
15.82%
6M
13.38%
1Y
27.53%
3Y*
16.50%
5Y*
8.90%
10Y*
11.74%

VWO

1D
0.77%
1M
3.96%
YTD
14.05%
6M
14.71%
1Y
32.13%
3Y*
18.64%
5Y*
5.90%
10Y*
9.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJH vs. VWO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJH
iShares Core S&P Mid-Cap ETF		15.82%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-11.19%16.26%
VWO
Vanguard FTSE Emerging Markets ETF		14.05%25.60%10.59%9.25%-17.98%1.26%15.17%20.75%-14.76%31.49%

Correlation

The correlation between IJH and VWO is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.62

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

0.59

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

0.61

Correlation (10Y)
Calculated over the trailing 10-year period

0.61

Correlation (All Time)
Calculated using the full available price history since Mar 10, 2005

0.70

The correlation between IJH and VWO shifts across timeframes, from 0.59 (3 years) to 0.70 (all time), reflecting how their relationship changes across market environments.

IJH vs. VWO - Sectors Allocation Comparison

Sectors
IJH
VWO

Industrials

25.9%
6.8%

Technology

16.6%
31.6%

Financial Services

13.5%
16.8%

Consumer Cyclical

9.2%
8.7%

Healthcare

8.7%
3.4%

Real Estate

7.5%
1.8%

Energy

5.3%
3.6%

Basic Materials

4.9%
7.0%

Consumer Defensive

4.2%
3.1%

Utilities

3.0%
2.4%

Communication Services

1.0%
5.8%

Industrials

IJH
25.9%
VWO
6.8%

Technology

IJH
16.6%
VWO
31.6%

Financial Services

IJH
13.5%
VWO
16.8%

Consumer Cyclical

IJH
9.2%
VWO
8.7%

Healthcare

IJH
8.7%
VWO
3.4%

Real Estate

IJH
7.5%
VWO
1.8%

Energy

IJH
5.3%
VWO
3.6%

Basic Materials

IJH
4.9%
VWO
7.0%

Consumer Defensive

IJH
4.2%
VWO
3.1%

Utilities

IJH
3.0%
VWO
2.4%

Communication Services

IJH
1.0%
VWO
5.8%

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

Vanguard FTSE Emerging Markets ETF

Often compared with IJH:
IJH vs. VOIJH vs. IJRIJH vs. MDYIJH vs. IJJIJH vs. IJKIJH vs. SCHMIJH vs. IVOO
Often compared with VWO:
VWO vs. VEAVWO vs. IEMGVWO vs. VXUSVWO vs. EEMVWO vs. VOOVWO vs. VTIVWO vs. VEMAX

Return for Risk

IJH vs. VWO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJH
IJH Risk / Return Rank: 5757
Overall Rank
IJH Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 5454
Sortino Ratio Rank
IJH Omega Ratio Rank: 5050
Omega Ratio Rank
IJH Calmar Ratio Rank: 6565
Calmar Ratio Rank
IJH Martin Ratio Rank: 6464
Martin Ratio Rank
VWO
VWO Risk / Return Rank: 6060
Overall Rank
VWO Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
VWO Sortino Ratio Rank: 5858
Sortino Ratio Rank
VWO Omega Ratio Rank: 6161
Omega Ratio Rank
VWO Calmar Ratio Rank: 6060
Calmar Ratio Rank
VWO Martin Ratio Rank: 5959
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. VWO - 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 FTSE Emerging Markets ETF (VWO). 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.

IJHVWODifference
Sharpe ratioReturn per unit of total volatility
1.75
1.94

-0.19

Sortino ratioReturn per unit of downside risk
2.53
2.66

-0.13

Omega ratioGain probability vs. loss probability

1.31

1.36

-0.05

Calmar ratioReturn relative to maximum drawdown

3.13

2.89

+0.24

Martin ratioReturn relative to average drawdown

11.45

10.19

+1.25

IJH vs. VWO - Sharpe Ratio Comparison

The current IJH Sharpe Ratio is 1.75, which is comparable to the VWO Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of IJH and VWO, 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. VWO - Drawdown Comparison

The maximum IJH drawdown since its inception was -55.07%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for IJH and VWO.

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Drawdown Indicators

IJHVWODifference

Max Drawdown

Largest peak-to-trough decline

-55.07%

-67.68%

+12.61%

Max Drawdown (1Y)

Largest decline over 1 year

-8.83%

-11.17%

+2.34%

Max Drawdown (3Y)

Largest decline over 3 years

-24.10%

-17.37%

-6.73%

Max Drawdown (5Y)

Largest decline over 5 years

-24.10%

-32.60%

+8.50%

Max Drawdown (10Y)

Largest decline over 10 years

-42.18%

-36.39%

-5.79%

Current Drawdown

Current decline from peak

-0.12%

0.00%

-0.12%

Average Drawdown

Average peak-to-trough decline

-7.56%

-15.79%

+8.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

3.16%

-0.75%

Volatility

IJH vs. VWO - Volatility Comparison

The current volatility for iShares Core S&P Mid-Cap ETF (IJH) is 4.59%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 6.57%. This indicates that IJH experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJHVWODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.59%

6.57%

-1.98%

Volatility (6M)

Calculated over the trailing 6-month period

11.70%

14.28%

-2.58%

Volatility (1Y)

Calculated over the trailing 1-year period

15.87%

16.67%

-0.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.76%

17.53%

+2.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.21%

19.24%

+1.97%

IJH vs. VWO - Expense Ratio Comparison

IJH has a 0.05% expense ratio, which is lower than VWO's 0.08% 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. VWO - Dividend Comparison

IJH's dividend yield for the trailing twelve months is around 1.17%, less than VWO's 2.26% 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%
VWO
Vanguard FTSE Emerging Markets ETF		2.26%2.79%3.20%3.52%4.11%2.63%1.91%3.23%2.88%2.30%2.52%3.26%

Frequently Asked Questions

IJH and VWO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VWO has higher volatility (6.57%) compared to IJH (4.59%). In terms of maximum drawdown, IJH dropped -55.07% vs VWO's -67.68%.

On 10-year performance, IJH leads with 11.74% vs 9.31% for VWO. On fees, IJH is cheaper at 0.05% per year. On volatility, IJH has been the lower-risk option at 4.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IJH has performed better with a 11.74% return vs 9.31%. 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 0.08% for VWO.

VWO has the higher dividend yield at 2.26%, compared with 1.17% for IJH.

IJH is categorized as Mid Cap Blend Equities, while VWO is Emerging Markets Equities. IJH tracks S&P MidCap 400 Index, while VWO tracks FTSE Emerging Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.05% for IJH and 0.08% for VWO.

VWO currently has the higher Sharpe Ratio (1.94 vs 1.75), 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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