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IJK vs. FEMG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJK vs. FEMG

Last updated Jun 5, 2026

IJK (iShares S&P MidCap 400 Growth ETF) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. IJK is passively managed, while FEMG is actively managed. A 0.65 correlation means they provide meaningful diversification when combined. IJK charges 0.17%/yr vs 0.23%/yr for FEMG.

Performance

IJK vs. FEMG - Performance Comparison

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

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Returns By Period

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%

FEMG

1D
0.91%
1M
3.86%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJK vs. FEMG - Yearly Performance Comparison

2026 (YTD)
IJK
iShares S&P MidCap 400 Growth ETF		6.31%
FEMG
Fidelity Enhanced Mid Cap Growth ETF		5.19%

Correlation

The correlation between IJK and FEMG is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since May 1, 2026

0.65

IJK vs. FEMG - Sectors Allocation Comparison

Sectors
IJK
FEMG

Industrials

31.1%
26.5%

Technology

21.8%
24.0%

Healthcare

13.5%
12.6%

Consumer Cyclical

7.9%
17.4%

Financial Services

7.3%
6.0%

Real Estate

5.5%
1.8%

Energy

3.7%
3.3%

Basic Materials

3.6%
0.7%

Consumer Defensive

2.1%
1.4%

Utilities

2.0%
2.9%

Communication Services

1.5%
2.7%

Industrials

IJK
31.1%
FEMG
26.5%

Technology

IJK
21.8%
FEMG
24.0%

Healthcare

IJK
13.5%
FEMG
12.6%

Consumer Cyclical

IJK
7.9%
FEMG
17.4%

Financial Services

IJK
7.3%
FEMG
6.0%

Real Estate

IJK
5.5%
FEMG
1.8%

Energy

IJK
3.7%
FEMG
3.3%

Basic Materials

IJK
3.6%
FEMG
0.7%

Consumer Defensive

IJK
2.1%
FEMG
1.4%

Utilities

IJK
2.0%
FEMG
2.9%

Communication Services

IJK
1.5%
FEMG
2.7%

Compare stocks, funds, or ETFs

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iShares S&P MidCap 400 Growth ETF

Fidelity Enhanced Mid Cap Growth ETF

Often compared with IJK:
IJK vs. IJHIJK vs. VOTIJK vs. IWPIJK vs. IMCGIJK vs. VOIJK vs. VCITIJK vs. ^GSPC
Often compared with FEMG:
FEMG vs. JHMMFEMG vs. KOMPFEMG vs. MDYGFEMG vs. PAMCFEMG vs. QQJGFEMG vs. BCSMFEMG vs. FBTC

Return for Risk

IJK vs. FEMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJK
IJK Risk / Return Rank: 5858
Overall Rank
IJK Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
IJK Sortino Ratio Rank: 5454
Sortino Ratio Rank
IJK Omega Ratio Rank: 5151
Omega Ratio Rank
IJK Calmar Ratio Rank: 6262
Calmar Ratio Rank
IJK Martin Ratio Rank: 6767
Martin Ratio Rank
FEMG
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. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P MidCap 400 Growth ETF (IJK) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). 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.

IJKFEMGDifference
Sharpe ratioReturn per unit of total volatility
1.79

—

—

Sortino ratioReturn per unit of downside risk
2.55

—

—

Omega ratioGain probability vs. loss probability

1.31

—

—

Calmar ratioReturn relative to maximum drawdown

3.06

—

—

Martin ratioReturn relative to average drawdown

12.09

—

—

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. FEMG - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IJKFEMGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.79

—

—

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

5.84

-5.47

Drawdowns

IJK vs. FEMG - Drawdown Comparison

The maximum IJK drawdown since its inception was -54.47%, which is greater than FEMG's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for IJK and FEMG.

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Drawdown Indicators

IJKFEMGDifference

Max Drawdown

Largest peak-to-trough decline

-54.47%

-3.29%

-51.18%

Max Drawdown (1Y)

Largest decline over 1 year

-9.92%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-25.63%

—

—

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%

-0.28%

+0.28%

Average Drawdown

Average peak-to-trough decline

-10.80%

-0.93%

-9.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

—

—

Volatility

IJK vs. FEMG - Volatility Comparison

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Volatility by Period

IJKFEMGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.98%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.15%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

17.00%

12.25%

+4.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.69%

12.25%

+8.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.06%

12.25%

+8.81%

IJK vs. FEMG - Expense Ratio Comparison

IJK has a 0.17% expense ratio, which is lower than FEMG's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IJK vs. FEMG - Dividend Comparison

IJK's dividend yield for the trailing twelve months is around 0.54%, while FEMG has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
FEMG
Fidelity Enhanced Mid Cap Growth ETF		0.00%0.00%0.00%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

IJK and FEMG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IJK is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IJK is cheaper with a 0.17% expense ratio, compared with 0.23% for FEMG.

IJK has the higher dividend yield at 0.54%, compared with 0.00% for FEMG.

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.17% for IJK and 0.23% for FEMG.

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