IJK vs. FCUS

Last updated Jun 5, 2026

IJK (iShares S&P MidCap 400 Growth ETF) and FCUS (Pinnacle Focused Opportunities ETF) are both Mid Cap Growth Equities funds. IJK is passively managed, while FCUS is actively managed. Over the past 3 years, IJK returned 18.50%/yr vs 36.53%/yr for FCUS. A 0.74 correlation means they provide meaningful diversification when combined. IJK charges 0.17%/yr vs 0.79%/yr for FCUS.

Performance

IJK vs. FCUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P MidCap 400 Growth ETF (IJK) and Pinnacle Focused Opportunities ETF (FCUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJK achieves a 19.41% return, which is significantly lower than FCUS's 47.20% return.

IJK

• 1D: 0.34%
• 1M: 4.53%
• YTD: 19.41%
• 6M: 18.76%
• 1Y: 30.22%
• 3Y*: 18.50%
• 5Y*: 8.64%
• 10Y*: 11.54%

FCUS

• 1D: -1.91%
• 1M: 5.82%
• YTD: 47.20%
• 6M: 47.58%
• 1Y: 92.36%
• 3Y*: 36.53%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IJK vs. FCUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IJK iShares S&P MidCap 400 Growth ETF	19.41%	7.28%	15.68%	17.41%
FCUS Pinnacle Focused Opportunities ETF	47.20%	13.69%	30.59%	21.13%

Correlation

The correlation between IJK and FCUS is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jan 3, 2023	0.74

The correlation between IJK and FCUS has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

IJK vs. FCUS - Sectors Allocation Comparison

Sectors	IJK	FCUS
Industrials	31.1%	15.3%
Technology	21.8%	40.7%
Healthcare	13.5%	6.2%
Consumer Cyclical	7.9%	2.9%
Financial Services	7.3%	-
Real Estate	5.5%	-
Energy	3.7%	18.2%
Basic Materials	3.6%	10.1%
Consumer Defensive	2.1%	4.4%
Utilities	2.0%	-
Communication Services	1.5%	2.2%

Return for Risk

IJK vs. FCUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IJK

IJK Risk / Return Rank: 58
IJK Sharpe Ratio Rank: 53
IJK Sortino Ratio Rank: 54
IJK Omega Ratio Rank: 51
IJK Calmar Ratio Rank: 62
IJK Martin Ratio Rank: 67

FCUS

FCUS Risk / Return Rank: 80
FCUS Sharpe Ratio Rank: 85
FCUS Sortino Ratio Rank: 68
FCUS Omega Ratio Rank: 73
FCUS Calmar Ratio Rank: 89
FCUS Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJK vs. FCUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P MidCap 400 Growth ETF (IJK) and Pinnacle Focused Opportunities ETF (FCUS). 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.

	IJK	FCUS	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.73	-0.95
Sortino ratio: Return per unit of downside risk	2.55	3.04	-0.49
Omega ratio: Gain probability vs. loss probability	1.31	1.43	-0.11
Calmar ratio: Return relative to maximum drawdown	3.06	5.25	-2.19
Martin ratio: Return relative to average drawdown	12.09	18.78	-6.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJK vs. FCUS - Sharpe Ratio Comparison

The current IJK Sharpe Ratio is 1.79, which is lower than the FCUS Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of IJK and FCUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IJK	FCUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.73	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	1.10	-0.73

Drawdowns

IJK vs. FCUS - Drawdown Comparison

The maximum IJK drawdown since its inception was -54.47%, which is greater than FCUS's maximum drawdown of -39.89%. Use the drawdown chart below to compare losses from any high point for IJK and FCUS.

Drawdown Indicators

	IJK	FCUS	Difference
Max Drawdown Largest peak-to-trough decline	-54.47%	-39.89%	-14.58%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-17.70%	+7.78%
Max Drawdown (3Y) Largest decline over 3 years	-25.63%	-39.89%	+14.26%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.25%	—	—
Current Drawdown Current decline from peak	0.00%	-1.91%	+1.91%
Average Drawdown Average peak-to-trough decline	-10.80%	-7.54%	-3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	4.94%	-2.43%

Volatility

IJK vs. FCUS - Volatility Comparison

The current volatility for iShares S&P MidCap 400 Growth ETF (IJK) is 4.98%, while Pinnacle Focused Opportunities ETF (FCUS) has a volatility of 10.15%. This indicates that IJK experiences smaller price fluctuations and is considered to be less risky than FCUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJK	FCUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	10.15%	-5.17%
Volatility (6M) Calculated over the trailing 6-month period	13.15%	25.47%	-12.32%
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	33.99%	-16.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	29.98%	-9.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.06%	29.98%	-8.92%

IJK vs. FCUS - Expense Ratio Comparison

IJK has a 0.17% expense ratio, which is lower than FCUS's 0.79% expense ratio.

Dividends

IJK vs. FCUS - Dividend Comparison

IJK's dividend yield for the trailing twelve months is around 0.54%, less than FCUS's 2.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCUS Pinnacle Focused Opportunities ETF	2.94%	4.33%	11.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IJK iShares S&P MidCap 400 Growth ETF	0.54%	0.66%	0.79%	1.13%	1.08%	0.50%	0.70%	1.09%	1.13%	0.93%	1.15%	1.12%

Frequently Asked Questions

Can I hold both IJK and FCUS in my portfolio?

IJK and FCUS have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IJK or FCUS?

FCUS has higher volatility (10.15%) compared to IJK (4.98%). In terms of maximum drawdown, IJK dropped -54.47% vs FCUS's -39.89%.

Which ETF is better, IJK or FCUS?

On 3-year performance, FCUS leads with 36.53% vs 18.50% for IJK. On fees, IJK is cheaper at 0.17% per year. On volatility, IJK has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IJK or FCUS?

Over the 3-year period, FCUS has performed better with a 36.53% return vs 18.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IJK or FCUS?

IJK is cheaper with a 0.17% expense ratio, compared with 0.79% for FCUS.

Which ETF pays a higher dividend yield, IJK or FCUS?

FCUS has the higher dividend yield at 2.94%, compared with 0.54% for IJK.

What is the main difference between IJK and FCUS?

They also come from different issuers: iShares and Pinnacle. Their fees differ too: 0.17% for IJK and 0.79% for FCUS.

Which has better risk-adjusted returns?

FCUS currently has the higher Sharpe Ratio (2.73 vs 1.79), 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.