IJJ vs. IVV
Compare and contrast key facts about iShares S&P MidCap 400 Value ETF (IJJ) and iShares Core S&P 500 ETF (IVV).
IJJ and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJJ is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400/Citigroup Value Index. It was launched on Jul 24, 2000. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both IJJ and IVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IJJ or IVV.
Performance
IJJ vs. IVV - Performance Comparison
Returns By Period
In the year-to-date period, IJJ achieves a 18.54% return, which is significantly lower than IVV's 26.56% return. Over the past 10 years, IJJ has underperformed IVV with an annualized return of 9.66%, while IVV has yielded a comparatively higher 13.20% annualized return.
IJJ
18.54%
7.33%
16.78%
31.66%
12.31%
9.66%
IVV
26.56%
3.04%
13.24%
32.78%
15.74%
13.20%
Key characteristics
| IJJ | IVV | |
|---|---|---|
| Sharpe Ratio | 1.93 | 2.70 |
| Sortino Ratio | 2.75 | 3.60 |
| Omega Ratio | 1.34 | 1.50 |
| Calmar Ratio | 3.18 | 3.90 |
| Martin Ratio | 10.72 | 17.52 |
| Ulcer Index | 2.95% | 1.87% |
| Daily Std Dev | 16.38% | 12.16% |
| Max Drawdown | -58.00% | -55.25% |
| Current Drawdown | 0.00% | -0.52% |
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IJJ vs. IVV - Expense Ratio Comparison
IJJ has a 0.25% expense ratio, which is higher than IVV'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%.
Correlation
The correlation between IJJ and IVV is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IJJ vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P MidCap 400 Value ETF (IJJ) and iShares Core S&P 500 ETF (IVV). 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.
Dividends
IJJ vs. IVV - Dividend Comparison
IJJ's dividend yield for the trailing twelve months is around 1.62%, more than IVV's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJJ iShares S&P MidCap 400 Value ETF | 1.62% | 1.68% | 1.97% | 1.62% | 1.78% | 1.70% | 2.01% | 1.52% | 1.67% | 1.83% | 1.65% | 1.48% |
IVV iShares Core S&P 500 ETF | 1.24% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
IJJ vs. IVV - Drawdown Comparison
The maximum IJJ drawdown since its inception was -58.00%, roughly equal to the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IJJ and IVV. For additional features, visit the drawdowns tool.
Volatility
IJJ vs. IVV - Volatility Comparison
iShares S&P MidCap 400 Value ETF (IJJ) has a higher volatility of 5.81% compared to iShares Core S&P 500 ETF (IVV) at 3.98%. This indicates that IJJ's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.