IJJ vs. SPY
Compare and contrast key facts about iShares S&P MidCap 400 Value ETF (IJJ) and SPDR S&P 500 ETF (SPY).
IJJ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IJJ and SPY 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 SPY.
Performance
IJJ vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, IJJ achieves a 18.54% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, IJJ has underperformed SPY with an annualized return of 9.66%, while SPY has yielded a comparatively higher 13.10% annualized return.
IJJ
18.54%
7.33%
16.78%
31.66%
12.31%
9.66%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| IJJ | SPY | |
|---|---|---|
| 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% | 12.14% |
| Max Drawdown | -58.00% | -55.19% |
| Current Drawdown | 0.00% | -0.85% |
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IJJ vs. SPY - Expense Ratio Comparison
IJJ has a 0.25% expense ratio, which is higher than SPY's 0.09% 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 SPY 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. SPY - 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 500 ETF (SPY). 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. SPY - Dividend Comparison
IJJ's dividend yield for the trailing twelve months is around 1.62%, more than SPY's 1.18% 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IJJ vs. SPY - Drawdown Comparison
The maximum IJJ drawdown since its inception was -58.00%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IJJ and SPY. For additional features, visit the drawdowns tool.
Volatility
IJJ vs. SPY - Volatility Comparison
iShares S&P MidCap 400 Value ETF (IJJ) has a higher volatility of 5.81% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that IJJ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.