IJJ vs. VOE
Compare and contrast key facts about iShares S&P MidCap 400 Value ETF (IJJ) and Vanguard Mid-Cap Value ETF (VOE).
IJJ and VOE 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. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both IJJ and VOE 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 VOE.
Key characteristics
| IJJ | VOE | |
|---|---|---|
| YTD Return | -0.73% | 4.90% |
| 1Y Return | 12.81% | 14.83% |
| 3Y Return (Ann) | 3.76% | 4.73% |
| 5Y Return (Ann) | 8.87% | 8.96% |
| 10Y Return (Ann) | 8.47% | 8.58% |
| Sharpe Ratio | 0.82 | 1.24 |
| Daily Std Dev | 17.27% | 12.87% |
| Max Drawdown | -58.00% | -61.55% |
| Current Drawdown | -4.60% | -2.90% |
Correlation
The correlation between IJJ and VOE is 0.96, 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. VOE - Performance Comparison
In the year-to-date period, IJJ achieves a -0.73% return, which is significantly lower than VOE's 4.90% return. Both investments have delivered pretty close results over the past 10 years, with IJJ having a 8.47% annualized return and VOE not far ahead at 8.58%. 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. VOE - Expense Ratio Comparison
IJJ has a 0.25% expense ratio, which is higher than VOE's 0.07% 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%.
Risk-Adjusted Performance
IJJ vs. VOE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P MidCap 400 Value ETF (IJJ) and Vanguard Mid-Cap Value ETF (VOE). 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. VOE - Dividend Comparison
IJJ's dividend yield for the trailing twelve months is around 1.62%, less than VOE's 2.20% 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% |
VOE Vanguard Mid-Cap Value ETF | 2.20% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
IJJ vs. VOE - Drawdown Comparison
The maximum IJJ drawdown since its inception was -58.00%, smaller than the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for IJJ and VOE. For additional features, visit the drawdowns tool.
Volatility
IJJ vs. VOE - Volatility Comparison
iShares S&P MidCap 400 Value ETF (IJJ) has a higher volatility of 4.28% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.28%. This indicates that IJJ's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.