IJJ vs. SDY
Compare and contrast key facts about iShares S&P MidCap 400 Value ETF (IJJ) and SPDR S&P Dividend ETF (SDY).
IJJ and SDY 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. SDY is a passively managed fund by State Street that tracks the performance of the S&P High Yield Dividend Aristocrats Index. It was launched on Nov 15, 2005. Both IJJ and SDY 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 SDY.
Key characteristics
| IJJ | SDY | |
|---|---|---|
| YTD Return | 0.08% | 3.48% |
| 1Y Return | 18.39% | 8.34% |
| 3Y Return (Ann) | 3.60% | 3.59% |
| 5Y Return (Ann) | 8.71% | 7.73% |
| 10Y Return (Ann) | 8.63% | 9.50% |
| Sharpe Ratio | 0.93 | 0.65 |
| Daily Std Dev | 17.29% | 11.76% |
| Max Drawdown | -58.00% | -54.75% |
| Current Drawdown | -3.82% | -2.01% |
Correlation
The correlation between IJJ and SDY is 0.90, 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.
Performance
IJJ vs. SDY - Performance Comparison
In the year-to-date period, IJJ achieves a 0.08% return, which is significantly lower than SDY's 3.48% return. Over the past 10 years, IJJ has underperformed SDY with an annualized return of 8.63%, while SDY has yielded a comparatively higher 9.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IJJ vs. SDY - Expense Ratio Comparison
IJJ has a 0.25% expense ratio, which is lower than SDY's 0.35% expense ratio.
Risk-Adjusted Performance
IJJ vs. SDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P MidCap 400 Value ETF (IJJ) and SPDR S&P Dividend ETF (SDY). 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. SDY - Dividend Comparison
IJJ's dividend yield for the trailing twelve months is around 1.61%, less than SDY's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJJ iShares S&P MidCap 400 Value ETF | 1.61% | 1.68% | 1.97% | 1.62% | 1.78% | 1.70% | 2.01% | 1.52% | 1.67% | 1.83% | 1.65% | 1.48% |
SDY SPDR S&P Dividend ETF | 2.56% | 2.64% | 2.55% | 2.63% | 2.85% | 2.45% | 2.73% | 4.69% | 3.30% | 6.20% | 4.74% | 3.95% |
Drawdowns
IJJ vs. SDY - Drawdown Comparison
The maximum IJJ drawdown since its inception was -58.00%, which is greater than SDY's maximum drawdown of -54.75%. Use the drawdown chart below to compare losses from any high point for IJJ and SDY. For additional features, visit the drawdowns tool.
Volatility
IJJ vs. SDY - Volatility Comparison
iShares S&P MidCap 400 Value ETF (IJJ) has a higher volatility of 4.54% compared to SPDR S&P Dividend ETF (SDY) at 3.06%. This indicates that IJJ's price experiences larger fluctuations and is considered to be riskier than SDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.