PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IJJ vs. IVOV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJJ vs. IVOV

Last updated Jun 4, 2026

IJJ (iShares S&P Mid-Cap 400 Value ETF) and IVOV (Vanguard S&P Mid-Cap 400 Value ETF) are both Mid Cap Value Equities funds tracking the S&P MidCap 400 Value Index, from iShares and Vanguard respectively. Both are passively managed. Over the past 10 years, IJJ returned 10.32%/yr vs 10.41%/yr for IVOV. Their correlation of 0.94 suggests significant overlap in exposure. IJJ charges 0.18%/yr vs 0.10%/yr for IVOV.

Performance

IJJ vs. IVOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P Mid-Cap 400 Value ETF (IJJ) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both investments are quite close, with IJJ having a 8.95% return and IVOV slightly higher at 8.98%. Both investments have delivered pretty close results over the past 10 years, with IJJ having a 10.32% annualized return and IVOV not far ahead at 10.41%.

IJJ

1D
-0.36%
1M
1.82%
YTD
8.95%
6M
9.26%
1Y
20.64%
3Y*
13.80%
5Y*
7.43%
10Y*
10.32%

IVOV

1D
-0.30%
1M
1.86%
YTD
8.98%
6M
9.21%
1Y
20.80%
3Y*
13.95%
5Y*
7.51%
10Y*
10.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJJ vs. IVOV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJJ
iShares S&P Mid-Cap 400 Value ETF		8.95%7.27%11.63%15.24%-7.11%30.45%3.56%25.66%-12.06%12.04%
IVOV
Vanguard S&P Mid-Cap 400 Value ETF		8.98%7.61%11.53%15.38%-7.20%30.50%3.70%25.91%-12.13%12.22%

Correlation

The correlation between IJJ and IVOV is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.99

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

0.99

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

1.00

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

1.00

Correlation (All Time)
Calculated using the full available price history since Sep 10, 2010

0.94

The correlation between IJJ and IVOV has been stable across timeframes, ranging from 0.94 to 1.00 - a consistent structural relationship.

IJJ vs. IVOV - Sectors Allocation Comparison

Sectors
IJJ
IVOV

Financial Services

21.8%
21.9%

Industrials

18.8%
18.8%

Consumer Cyclical

13.5%
13.5%

Real Estate

9.6%
9.6%

Technology

9.3%
9.2%

Energy

7.4%
7.4%

Basic Materials

6.0%
6.0%

Consumer Defensive

5.5%
5.5%

Utilities

4.2%
4.2%

Healthcare

3.5%
3.5%

Communication Services

0.5%
0.5%

Financial Services

IJJ
21.8%
IVOV
21.9%

Industrials

IJJ
18.8%
IVOV
18.8%

Consumer Cyclical

IJJ
13.5%
IVOV
13.5%

Real Estate

IJJ
9.6%
IVOV
9.6%

Technology

IJJ
9.3%
IVOV
9.2%

Energy

IJJ
7.4%
IVOV
7.4%

Basic Materials

IJJ
6.0%
IVOV
6.0%

Consumer Defensive

IJJ
5.5%
IVOV
5.5%

Utilities

IJJ
4.2%
IVOV
4.2%

Healthcare

IJJ
3.5%
IVOV
3.5%

Communication Services

IJJ
0.5%
IVOV
0.5%

Compare stocks, funds, or ETFs

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

iShares S&P Mid-Cap 400 Value ETF

Vanguard S&P Mid-Cap 400 Value ETF

Often compared with IJJ:
IJJ vs. IJHIJJ vs. VOEIJJ vs. SPYIJJ vs. PSRIJJ vs. VOOIJJ vs. IVVIJJ vs. VBR
Often compared with IVOV:
IVOV vs. VOEIVOV vs. IVOGIVOV vs. VOIVOV vs. MDYVIVOV vs. VIOVIVOV vs. MDYGIVOV vs. VBR

Return for Risk

IJJ vs. IVOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJJ
IJJ Risk / Return Rank: 3838
Overall Rank
IJJ Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IJJ Sortino Ratio Rank: 3939
Sortino Ratio Rank
IJJ Omega Ratio Rank: 3535
Omega Ratio Rank
IJJ Calmar Ratio Rank: 3939
Calmar Ratio Rank
IJJ Martin Ratio Rank: 4141
Martin Ratio Rank
IVOV
IVOV Risk / Return Rank: 3939
Overall Rank
IVOV Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
IVOV Sortino Ratio Rank: 4040
Sortino Ratio Rank
IVOV Omega Ratio Rank: 3636
Omega Ratio Rank
IVOV Calmar Ratio Rank: 4040
Calmar Ratio Rank
IVOV Martin Ratio Rank: 4242
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.

IJJ vs. IVOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P Mid-Cap 400 Value ETF (IJJ) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV). 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.

IJJIVOVDifference
Sharpe ratioReturn per unit of total volatility
1.36
1.37

-0.02

Sortino ratioReturn per unit of downside risk
2.06
2.08

-0.02

Omega ratioGain probability vs. loss probability

1.24

1.24

0.00

Calmar ratioReturn relative to maximum drawdown

1.96

1.97

-0.02

Martin ratioReturn relative to average drawdown

6.76

6.80

-0.04

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

IJJ vs. IVOV - Sharpe Ratio Comparison

The current IJJ Sharpe Ratio is 1.36, which is comparable to the IVOV Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of IJJ and IVOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IJJIVOVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

1.37

-0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.38

0.39

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.48

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.58

-0.10

Drawdowns

IJJ vs. IVOV - Drawdown Comparison

The maximum IJJ drawdown since its inception was -58.00%, which is greater than IVOV's maximum drawdown of -45.99%. Use the drawdown chart below to compare losses from any high point for IJJ and IVOV.

Loading charts...

Drawdown Indicators

IJJIVOVDifference

Max Drawdown

Largest peak-to-trough decline

-58.00%

-45.99%

-12.01%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-10.58%

-0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-22.68%

-22.61%

-0.07%

Max Drawdown (5Y)

Largest decline over 5 years

-22.68%

-22.61%

-0.07%

Max Drawdown (10Y)

Largest decline over 10 years

-46.11%

-45.99%

-0.12%

Current Drawdown

Current decline from peak

-0.36%

-0.31%

-0.05%

Average Drawdown

Average peak-to-trough decline

-7.94%

-5.43%

-2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.06%

3.07%

-0.01%

Volatility

IJJ vs. IVOV - Volatility Comparison

The current volatility for iShares S&P Mid-Cap 400 Value ETF (IJJ) is 3.81%, while Vanguard S&P Mid-Cap 400 Value ETF (IVOV) has a volatility of 4.07%. This indicates that IJJ experiences smaller price fluctuations and is considered to be less risky than IVOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IJJIVOVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.81%

4.07%

-0.26%

Volatility (6M)

Calculated over the trailing 6-month period

10.67%

10.61%

+0.06%

Volatility (1Y)

Calculated over the trailing 1-year period

15.33%

15.27%

+0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.57%

19.48%

+0.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.04%

21.73%

+0.31%

IJJ vs. IVOV - Expense Ratio Comparison

IJJ has a 0.18% expense ratio, which is higher than IVOV's 0.10% 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

IJJ vs. IVOV - Dividend Comparison

IJJ's dividend yield for the trailing twelve months is around 1.64%, less than IVOV's 1.67% yield.

PositionTTM20252024202320222021202020192018201720162015
IJJ
iShares S&P Mid-Cap 400 Value ETF		1.64%1.79%1.81%1.68%1.97%1.62%1.78%1.70%2.01%1.52%1.67%1.83%
IVOV
Vanguard S&P Mid-Cap 400 Value ETF		1.67%1.82%1.74%1.52%1.97%1.78%2.42%1.75%1.87%1.55%1.51%1.66%

Frequently Asked Questions

With a correlation of 0.99, IJJ and IVOV 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.

IVOV has higher volatility (4.07%) compared to IJJ (3.81%). In terms of maximum drawdown, IJJ dropped -58.00% vs IVOV's -45.99%.

On 10-year performance, IVOV leads with 10.41% vs 10.32% for IJJ. On fees, IVOV is cheaper at 0.10% per year. On volatility, IJJ has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IVOV has performed better with a 10.41% return vs 10.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IVOV is cheaper with a 0.10% expense ratio, compared with 0.18% for IJJ.

IVOV has the higher dividend yield at 1.67%, compared with 1.64% for IJJ.

Both ETFs track S&P MidCap 400 Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for IJJ and 0.10% for IVOV.

IVOV currently has the higher Sharpe Ratio (1.37 vs 1.36), 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.

Portfolio Optimizer

Find the right allocation for IJJ and IVOV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer