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IJJ vs. VOOV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJJ vs. VOOV

Last updated Aug 5, 2026
Documentation

IJJ (iShares S&P Mid-Cap 400 Value ETF) and VOOV (Vanguard S&P 500 Value ETF) are both exchange-traded funds - IJJ is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index, while VOOV is a Large Cap Value Equities fund tracking the S&P 500 Value Index. Both are passively managed. Over the past 10 years, IJJ returned 10.57%/yr vs 11.89%/yr for VOOV. Their correlation of 0.88 means they have usually moved in the same direction. IJJ charges 0.18%/yr vs 0.07%/yr for VOOV.

Performance

IJJ vs. VOOV - 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 Vanguard S&P 500 Value ETF (VOOV). 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 15.83% return, which is significantly higher than VOOV's 12.00% return. Over the past 10 years, IJJ has underperformed VOOV with an annualized return of 10.57%, while VOOV has yielded a comparatively higher 11.89% annualized return.

IJJ

1D
1.38%
1M
3.15%
6M
10.11%
YTD
15.83%
1Y
24.16%
3Y*
13.35%
5Y*
9.55%
10Y*
10.57%
ALL TIME*
10.48%

VOOV

1D
1.06%
1M
2.31%
6M
8.38%
YTD
12.00%
1Y
22.08%
3Y*
15.14%
5Y*
11.80%
10Y*
11.89%
ALL TIME*
12.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IJJ

iShares S&P Mid-Cap 400 Value ETF
$24.06M$24.94M$25.82M

VOOV

Vanguard S&P 500 Value ETF
$18.18M$15.18M$15.44M

IJJ vs. VOOV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJJ
iShares S&P Mid-Cap 400 Value ETF		15.83%7.27%11.63%15.24%-7.11%30.45%3.56%25.66%-12.06%12.04%
VOOV
Vanguard S&P 500 Value ETF		12.00%13.10%12.21%22.15%-5.37%24.87%1.23%31.75%-9.09%15.26%

Correlation

The correlation between IJJ and VOOV is 0.82, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.82

Correlation (3Y)
Balances recent behavior with more history.

0.86

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.89

Correlation (10Y)
Provides a long-term view across more market conditions.

0.89

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.88

The correlation between IJJ and VOOV has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

IJJ vs. VOOV - Sectors Allocation Comparison

Sectors
IJJ
VOOV

Financial Services

21.8%
14.9%

Industrials

19.1%
10.7%

Consumer Cyclical

13.9%
10.5%

Technology

10.4%
21.7%

Real Estate

9.5%
3.3%

Energy

6.3%
6.6%

Basic Materials

5.7%
3.6%

Consumer Defensive

4.8%
8.8%

Utilities

4.0%
4.4%

Healthcare

3.8%
12.2%

Communication Services

0.8%
2.7%

Financial Services

IJJ
21.8%
VOOV
14.9%

Industrials

IJJ
19.1%
VOOV
10.7%

Consumer Cyclical

IJJ
13.9%
VOOV
10.5%

Technology

IJJ
10.4%
VOOV
21.7%

Real Estate

IJJ
9.5%
VOOV
3.3%

Energy

IJJ
6.3%
VOOV
6.6%

Basic Materials

IJJ
5.7%
VOOV
3.6%

Consumer Defensive

IJJ
4.8%
VOOV
8.8%

Utilities

IJJ
4.0%
VOOV
4.4%

Healthcare

IJJ
3.8%
VOOV
12.2%

Communication Services

IJJ
0.8%
VOOV
2.7%

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

Vanguard S&P 500 Value ETF

Often compared with IJJ:
IJJ vs. IJHIJJ vs. VOEIJJ vs. SPYIJJ vs. PSRIJJ vs. IVVIJJ vs. VOOIJJ vs. VBR
Often compared with VOOV:
VOOV vs. VOOGVOOV vs. VOOVOOV vs. VTVVOOV vs. SCHDVOOV vs. VTIVOOV vs. IVEVOOV vs. QQQI

Return for Risk

IJJ vs. VOOV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IJJ
IJJ Risk / Return Rank: 6161
Overall Rank
IJJ Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
IJJ Sortino Ratio Rank: 6666
Sortino Ratio Rank
IJJ Omega Ratio Rank: 5959
Omega Ratio Rank
IJJ Calmar Ratio Rank: 5757
Calmar Ratio Rank
IJJ Martin Ratio Rank: 6161
Martin Ratio Rank
VOOV
VOOV Risk / Return Rank: 8686
Overall Rank
VOOV Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VOOV Sortino Ratio Rank: 8686
Sortino Ratio Rank
VOOV Omega Ratio Rank: 8585
Omega Ratio Rank
VOOV Calmar Ratio Rank: 8585
Calmar Ratio Rank
VOOV Martin Ratio Rank: 8686
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IJJ vs. VOOV - 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 Vanguard S&P 500 Value ETF (VOOV). 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.

IJJVOOVDifference
Sharpe ratioReturn per unit of total volatility
1.62
2.24

-0.63

Sortino ratioReturn per unit of downside risk
2.44
3.13

-0.69

Omega ratioGain probability vs. loss probability

1.29

1.40

-0.11

Calmar ratioReturn relative to maximum drawdown

2.29

3.54

-1.24

Martin ratioReturn relative to average drawdown

8.17

13.62

-5.45

IJJ vs. VOOV - Sharpe Ratio Comparison

The current IJJ Sharpe Ratio is 1.62, which is comparable to the VOOV Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of IJJ and VOOV, 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. VOOV - Drawdown Comparison

The maximum IJJ drawdown since its inception was -58.00%, which is greater than VOOV's maximum drawdown of -37.31%. Use the drawdown chart below to compare losses from any high point for IJJ and VOOV.

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Drawdown Indicators

IJJVOOVDifference

Max Drawdown

Largest peak-to-trough decline

-58.00%

-37.31%

-20.69%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-6.27%

-4.32%

Max Drawdown (3Y)

Largest decline over 3 years

-22.68%

-17.55%

-5.13%

Max Drawdown (5Y)

Largest decline over 5 years

-22.68%

-18.10%

-4.58%

Max Drawdown (10Y)

Largest decline over 10 years

-46.11%

-37.31%

-8.80%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.89%

-3.81%

-4.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.96%

1.62%

+1.34%

Volatility

IJJ vs. VOOV - Volatility Comparison

iShares S&P Mid-Cap 400 Value ETF (IJJ) has a higher volatility of 3.75% compared to Vanguard S&P 500 Value ETF (VOOV) at 2.69%. This indicates that IJJ's price experiences larger fluctuations and is considered to be riskier than VOOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJJVOOVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.75%

2.69%

+1.06%

Volatility (6M)

Calculated over the trailing 6-month period

10.56%

7.19%

+3.37%

Volatility (1Y)

Calculated over the trailing 1-year period

15.05%

9.91%

+5.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.37%

14.36%

+5.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.97%

16.89%

+5.08%

IJJ vs. VOOV - Expense Ratio Comparison

IJJ has a 0.18% expense ratio, which is higher than VOOV'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%.

Dividends

IJJ vs. VOOV - Dividend Comparison

IJJ's dividend yield for the trailing twelve months is around 1.55%, less than VOOV's 1.64% yield.

PositionTTM20252024202320222021202020192018201720162015
IJJ
iShares S&P Mid-Cap 400 Value ETF		1.55%1.79%1.81%1.68%1.97%1.62%1.78%1.70%2.01%1.52%1.67%1.83%
VOOV
Vanguard S&P 500 Value ETF		1.64%1.76%2.10%1.69%2.19%1.87%2.45%2.10%2.65%2.13%2.24%2.36%

Frequently Asked Questions

IJJ and VOOV have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IJJ has higher volatility (3.75%) compared to VOOV (2.69%). In terms of maximum drawdown, IJJ dropped -58.00% vs VOOV's -37.31%.

On 10-year performance, VOOV leads with 11.89% vs 10.57% for IJJ. On fees, VOOV is cheaper at 0.07% per year. On volatility, VOOV has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VOOV has performed better with a 11.89% return vs 10.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOOV is cheaper with a 0.07% expense ratio, compared with 0.18% for IJJ.

VOOV has the higher dividend yield at 1.64%, compared with 1.55% for IJJ.

IJJ is categorized as Mid Cap Value Equities, while VOOV is Large Cap Value Equities. IJJ tracks S&P MidCap 400 Value Index, while VOOV tracks S&P 500 Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for IJJ and 0.07% for VOOV.

VOOV currently has the higher Sharpe Ratio (2.24 vs 1.62), 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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