IJK vs. ^GSPC
Compare and contrast key facts about iShares S&P MidCap 400 Growth ETF (IJK) and S&P 500 (^GSPC).
IJK is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400/Citigroup Growth Index. It was launched on Jul 24, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IJK or ^GSPC.
Correlation
The correlation between IJK and ^GSPC is 0.88, 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
IJK vs. ^GSPC - Performance Comparison
Key characteristics
IJK:
1.48
^GSPC:
2.06
IJK:
2.08
^GSPC:
2.74
IJK:
1.25
^GSPC:
1.38
IJK:
2.63
^GSPC:
3.13
IJK:
6.62
^GSPC:
12.83
IJK:
3.71%
^GSPC:
2.07%
IJK:
16.59%
^GSPC:
12.85%
IJK:
-54.48%
^GSPC:
-56.78%
IJK:
-2.63%
^GSPC:
-0.67%
Returns By Period
In the year-to-date period, IJK achieves a 6.27% return, which is significantly higher than ^GSPC's 2.85% return. Over the past 10 years, IJK has underperformed ^GSPC with an annualized return of 10.13%, while ^GSPC has yielded a comparatively higher 11.45% annualized return.
IJK
6.27%
5.49%
6.38%
21.75%
10.76%
10.13%
^GSPC
2.85%
2.00%
8.88%
24.72%
12.77%
11.45%
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Risk-Adjusted Performance
IJK vs. ^GSPC — Risk-Adjusted Performance Rank
IJK
^GSPC
IJK vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P MidCap 400 Growth ETF (IJK) and S&P 500 (^GSPC). 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.
Drawdowns
IJK vs. ^GSPC - Drawdown Comparison
The maximum IJK drawdown since its inception was -54.48%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for IJK and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
IJK vs. ^GSPC - Volatility Comparison
iShares S&P MidCap 400 Growth ETF (IJK) has a higher volatility of 5.73% compared to S&P 500 (^GSPC) at 5.14%. This indicates that IJK's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.