IJH vs. XLF

Last updated Jun 21, 2026

IJH (iShares Core S&P Mid-Cap ETF) and XLF (State Street Financial Select Sector SPDR ETF) are both exchange-traded funds - IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index, while XLF is a Financials Equities fund tracking the Financial Select Sector Index. Both are passively managed. Over the past 10 years, IJH returned 11.43%/yr vs 13.28%/yr for XLF. A 0.78 correlation means they provide meaningful diversification when combined. IJH charges 0.05%/yr vs 0.08%/yr for XLF.

Performance

IJH vs. XLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Mid-Cap ETF (IJH) and State Street Financial Select Sector SPDR ETF (XLF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJH achieves a 15.37% return, which is significantly higher than XLF's -1.69% return. Over the past 10 years, IJH has underperformed XLF with an annualized return of 11.43%, while XLF has yielded a comparatively higher 13.28% annualized return.

IJH

• 1D: 1.07%
• 1M: 4.21%
• YTD: 15.37%
• 6M: 13.91%
• 1Y: 27.04%
• 3Y*: 15.37%
• 5Y*: 9.37%
• 10Y*: 11.43%

XLF

• 1D: -0.89%
• 1M: 3.56%
• YTD: -1.69%
• 6M: -1.47%
• 1Y: 8.02%
• 3Y*: 18.75%
• 5Y*: 10.65%
• 10Y*: 13.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IJH vs. XLF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJH iShares Core S&P Mid-Cap ETF	15.37%	7.42%	13.92%	16.40%	-13.11%	24.72%	13.60%	26.10%	-11.19%	16.26%
XLF State Street Financial Select Sector SPDR ETF	-1.69%	14.90%	30.56%	12.03%	-10.59%	34.80%	-1.74%	31.88%	-13.06%	22.00%

Correlation

The correlation between IJH and XLF 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	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since May 26, 2000	0.78

The correlation between IJH and XLF shifts across timeframes, from 0.62 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

IJH vs. XLF - Sectors Allocation Comparison

Sectors	IJH	XLF
Industrials	25.9%	0.2%
Technology	16.6%	1.8%
Financial Services	13.5%	98.0%
Consumer Cyclical	9.2%	-
Healthcare	8.7%	-
Real Estate	7.5%	-
Energy	5.3%	-
Basic Materials	4.9%	-
Consumer Defensive	4.2%	-
Utilities	3.0%	-
Communication Services	1.0%	-

Return for Risk

IJH vs. XLF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IJH

IJH Risk / Return Rank: 57
IJH Sharpe Ratio Rank: 52
IJH Sortino Ratio Rank: 54
IJH Omega Ratio Rank: 50
IJH Calmar Ratio Rank: 65
IJH Martin Ratio Rank: 64

XLF

XLF Risk / Return Rank: 16
XLF Sharpe Ratio Rank: 18
XLF Sortino Ratio Rank: 17
XLF Omega Ratio Rank: 16
XLF Calmar Ratio Rank: 15
XLF Martin Ratio Rank: 15

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. XLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) and State Street Financial Select Sector SPDR ETF (XLF). 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	XLF	Difference
Sharpe ratio: Return per unit of total volatility	1.71	0.57	+1.14
Sortino ratio: Return per unit of downside risk	2.49	0.86	+1.62
Omega ratio: Gain probability vs. loss probability	1.30	1.11	+0.19
Calmar ratio: Return relative to maximum drawdown	3.07	0.56	+2.51
Martin ratio: Return relative to average drawdown	11.23	1.44	+9.78

IJH vs. XLF - Sharpe Ratio Comparison

The current IJH Sharpe Ratio is 1.71, which is higher than the XLF Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of IJH and XLF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IJH vs. XLF - Drawdown Comparison

The maximum IJH drawdown since its inception was -55.07%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for IJH and XLF.

Drawdown Indicators

	IJH	XLF	Difference
Max Drawdown Largest peak-to-trough decline	-55.07%	-82.69%	+27.62%
Max Drawdown (1Y) Largest decline over 1 year	-8.83%	-14.79%	+5.96%
Max Drawdown (3Y) Largest decline over 3 years	-24.10%	-15.54%	-8.56%
Max Drawdown (5Y) Largest decline over 5 years	-24.10%	-25.81%	+1.71%
Max Drawdown (10Y) Largest decline over 10 years	-42.18%	-42.86%	+0.68%
Current Drawdown Current decline from peak	-0.50%	-4.53%	+4.03%
Average Drawdown Average peak-to-trough decline	-7.56%	-20.00%	+12.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	5.78%	-3.37%

Volatility

IJH vs. XLF - Volatility Comparison

iShares Core S&P Mid-Cap ETF (IJH) has a higher volatility of 4.87% compared to State Street Financial Select Sector SPDR ETF (XLF) at 4.20%. This indicates that IJH's price experiences larger fluctuations and is considered to be riskier than XLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJH	XLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	4.20%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	11.71%	11.25%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.84%	14.60%	+1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	18.59%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.20%	22.17%	-0.97%

IJH vs. XLF - Expense Ratio Comparison

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

IJH's dividend yield for the trailing twelve months is around 1.17%, less than XLF's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XLF State Street Financial Select Sector SPDR ETF	1.48%	1.31%	1.42%	1.71%	2.04%	1.63%	2.03%	1.87%	2.08%	1.48%	21.10%	1.95%

Frequently Asked Questions

Can I hold both IJH and XLF in my portfolio?

IJH and XLF 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.

Which is riskier, IJH or XLF?

IJH has higher volatility (4.87%) compared to XLF (4.20%). In terms of maximum drawdown, IJH dropped -55.07% vs XLF's -82.69%.

Which ETF is better, IJH or XLF?

On 10-year performance, XLF leads with 13.28% vs 11.43% for IJH. On fees, IJH is cheaper at 0.05% per year. On volatility, XLF has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IJH or XLF?

Over the 10-year period, XLF has performed better with a 13.28% return vs 11.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IJH or XLF?

IJH is cheaper with a 0.05% expense ratio, compared with 0.08% for XLF.

Which ETF pays a higher dividend yield, IJH or XLF?

XLF has the higher dividend yield at 1.48%, compared with 1.17% for IJH.

What is the main difference between IJH and XLF?

IJH is categorized as Mid Cap Blend Equities, while XLF is Financials Equities. IJH tracks S&P MidCap 400 Index, while XLF tracks Financial Select Sector Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.05% for IJH and 0.08% for XLF.

Which has better risk-adjusted returns?

IJH currently has the higher Sharpe Ratio (1.71 vs 0.57), 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.