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IJJ vs. IWS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJJ vs. IWS

Last updated Jun 26, 2026

IJJ (iShares S&P Mid-Cap 400 Value ETF) and IWS (iShares Russell Mid-Cap Value ETF) are both Mid Cap Value Equities funds from iShares - IJJ tracks the S&P MidCap 400 Value Index while IWS tracks the Russell Midcap Value Index. Both are passively managed. Over the past 10 years, IJJ returned 11.30%/yr vs 11.13%/yr for IWS. With a 0.95 correlation, they move nearly in lockstep. IJJ charges 0.18%/yr vs 0.23%/yr for IWS.

Performance

IJJ vs. IWS - 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 iShares Russell Mid-Cap Value ETF (IWS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IJJ achieves a 12.50% return, which is significantly lower than IWS's 18.44% return. Both investments have delivered pretty close results over the past 10 years, with IJJ having a 11.30% annualized return and IWS not far behind at 11.13%.

IJJ

1D
0.90%
1M
3.60%
YTD
12.50%
6M
10.69%
1Y
22.58%
3Y*
14.51%
5Y*
8.54%
10Y*
11.30%

IWS

1D
1.74%
1M
4.02%
YTD
18.44%
6M
16.81%
1Y
29.61%
3Y*
17.81%
5Y*
9.27%
10Y*
11.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJJ vs. IWS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJJ
iShares S&P Mid-Cap 400 Value ETF		12.50%7.27%11.63%15.24%-7.11%30.45%3.56%25.66%-12.06%12.04%
IWS
iShares Russell Mid-Cap Value ETF		18.44%10.82%12.91%12.52%-12.29%28.10%4.83%26.73%-12.43%13.14%

Correlation

The correlation between IJJ and IWS is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.95

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

0.96

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

0.96

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

0.96

Correlation (All Time)
Calculated using the full available price history since Jul 24, 2001

0.95

The correlation between IJJ and IWS has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

IJJ vs. IWS - Sectors Allocation Comparison

Sectors
IJJ
IWS

Financial Services

21.4%
13.7%

Industrials

18.7%
16.2%

Consumer Cyclical

13.9%
8.5%

Technology

10.2%
18.7%

Real Estate

9.6%
8.3%

Energy

6.8%
7.4%

Basic Materials

6.3%
5.3%

Consumer Defensive

4.9%
4.7%

Utilities

4.0%
6.6%

Healthcare

3.8%
7.6%

Communication Services

0.5%
3.1%

Financial Services

IJJ
21.4%
IWS
13.7%

Industrials

IJJ
18.7%
IWS
16.2%

Consumer Cyclical

IJJ
13.9%
IWS
8.5%

Technology

IJJ
10.2%
IWS
18.7%

Real Estate

IJJ
9.6%
IWS
8.3%

Energy

IJJ
6.8%
IWS
7.4%

Basic Materials

IJJ
6.3%
IWS
5.3%

Consumer Defensive

IJJ
4.9%
IWS
4.7%

Utilities

IJJ
4.0%
IWS
6.6%

Healthcare

IJJ
3.8%
IWS
7.6%

Communication Services

IJJ
0.5%
IWS
3.1%

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

iShares Russell Mid-Cap Value ETF

Often compared with IJJ:
IJJ vs. IJHIJJ vs. VOEIJJ vs. SPYIJJ vs. PSRIJJ vs. IVVIJJ vs. VOOIJJ vs. VBR
Often compared with IWS:
IWS vs. IWPIWS vs. IWNIWS vs. IMCVIWS vs. IWDIWS vs. FIMVXIWS vs. IVVIWS vs. VBR

Return for Risk

IJJ vs. IWS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJJ
IJJ Risk / Return Rank: 4949
Overall Rank
IJJ Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IJJ Sortino Ratio Rank: 5252
Sortino Ratio Rank
IJJ Omega Ratio Rank: 4646
Omega Ratio Rank
IJJ Calmar Ratio Rank: 5050
Calmar Ratio Rank
IJJ Martin Ratio Rank: 5050
Martin Ratio Rank
IWS
IWS Risk / Return Rank: 8080
Overall Rank
IWS Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
IWS Sortino Ratio Rank: 8080
Sortino Ratio Rank
IWS Omega Ratio Rank: 7474
Omega Ratio Rank
IWS Calmar Ratio Rank: 8484
Calmar Ratio Rank
IWS Martin Ratio Rank: 8484
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. IWS - 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 iShares Russell Mid-Cap Value ETF (IWS). 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.

IJJIWSDifference
Sharpe ratioReturn per unit of total volatility
1.47
2.19

-0.71

Sortino ratioReturn per unit of downside risk
2.22
3.10

-0.88

Omega ratioGain probability vs. loss probability

1.26

1.38

-0.12

Calmar ratioReturn relative to maximum drawdown

2.14

3.95

-1.81

Martin ratioReturn relative to average drawdown

7.40

14.81

-7.41

IJJ vs. IWS - Sharpe Ratio Comparison

The current IJJ Sharpe Ratio is 1.47, which is lower than the IWS Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of IJJ and IWS, 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

IJJ vs. IWS - Drawdown Comparison

The maximum IJJ drawdown since its inception was -58.00%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for IJJ and IWS.

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Drawdown Indicators

IJJIWSDifference

Max Drawdown

Largest peak-to-trough decline

-58.00%

-62.40%

+4.40%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-7.53%

-3.06%

Max Drawdown (3Y)

Largest decline over 3 years

-22.68%

-20.57%

-2.11%

Max Drawdown (5Y)

Largest decline over 5 years

-22.68%

-21.23%

-1.45%

Max Drawdown (10Y)

Largest decline over 10 years

-46.11%

-43.83%

-2.28%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.92%

-8.00%

+0.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.06%

2.00%

+1.06%

Volatility

IJJ vs. IWS - Volatility Comparison

The current volatility for iShares S&P Mid-Cap 400 Value ETF (IJJ) is 3.94%, while iShares Russell Mid-Cap Value ETF (IWS) has a volatility of 4.57%. This indicates that IJJ experiences smaller price fluctuations and is considered to be less risky than IWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJJIWSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.94%

4.57%

-0.63%

Volatility (6M)

Calculated over the trailing 6-month period

10.88%

10.22%

+0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

15.43%

13.64%

+1.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.52%

17.34%

+2.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.01%

19.35%

+2.66%

IJJ vs. IWS - Expense Ratio Comparison

IJJ has a 0.18% expense ratio, which is lower than IWS's 0.23% 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

IJJ vs. IWS - Dividend Comparison

IJJ's dividend yield for the trailing twelve months is around 1.59%, more than IWS's 1.31% yield.

PositionTTM20252024202320222021202020192018201720162015
IJJ
iShares S&P Mid-Cap 400 Value ETF		1.59%1.79%1.81%1.68%1.97%1.62%1.78%1.70%2.01%1.52%1.67%1.83%
IWS
iShares Russell Mid-Cap Value ETF		1.31%1.53%1.50%1.76%1.93%1.39%1.87%1.97%2.53%1.96%2.10%2.14%

Frequently Asked Questions

With a correlation of 0.95, IJJ and IWS 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.

IWS has higher volatility (4.57%) compared to IJJ (3.94%). In terms of maximum drawdown, IJJ dropped -58.00% vs IWS's -62.40%.

On 10-year performance, IJJ leads with 11.30% vs 11.13% for IWS. On fees, IJJ is cheaper at 0.18% per year. On volatility, IJJ has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IJJ has performed better with a 11.30% return vs 11.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJJ is cheaper with a 0.18% expense ratio, compared with 0.23% for IWS.

IJJ has the higher dividend yield at 1.59%, compared with 1.31% for IWS.

IJJ tracks S&P MidCap 400 Value Index, while IWS tracks Russell Midcap Value Index. Their fees differ too: 0.18% for IJJ and 0.23% for IWS.

IWS currently has the higher Sharpe Ratio (2.19 vs 1.47), 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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