IJK vs. IMCG
Compare and contrast key facts about iShares S&P MidCap 400 Growth ETF (IJK) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
IJK and IMCG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. Both IJK and IMCG 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: IJK or IMCG.
Performance
IJK vs. IMCG - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with IJK having a 22.18% return and IMCG slightly higher at 23.11%. Over the past 10 years, IJK has underperformed IMCG with an annualized return of 10.21%, while IMCG has yielded a comparatively higher 12.26% annualized return.
IJK
22.18%
4.48%
8.66%
31.87%
11.94%
10.21%
IMCG
23.11%
6.52%
15.64%
34.18%
13.88%
12.26%
Key characteristics
| IJK | IMCG | |
|---|---|---|
| Sharpe Ratio | 1.99 | 2.44 |
| Sortino Ratio | 2.77 | 3.33 |
| Omega Ratio | 1.33 | 1.41 |
| Calmar Ratio | 2.19 | 1.64 |
| Martin Ratio | 10.49 | 12.70 |
| Ulcer Index | 3.11% | 2.73% |
| Daily Std Dev | 16.37% | 14.20% |
| Max Drawdown | -54.47% | -58.96% |
| Current Drawdown | -1.23% | 0.00% |
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IJK vs. IMCG - Expense Ratio Comparison
IJK has a 0.24% expense ratio, which is higher than IMCG's 0.06% 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%.
Correlation
The correlation between IJK and IMCG is 0.92, 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.
Risk-Adjusted Performance
IJK vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P MidCap 400 Growth ETF (IJK) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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
IJK vs. IMCG - Dividend Comparison
IJK's dividend yield for the trailing twelve months is around 0.81%, more than IMCG's 0.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJK iShares S&P MidCap 400 Growth ETF | 0.81% | 1.13% | 1.08% | 0.50% | 0.70% | 1.09% | 1.13% | 0.93% | 1.15% | 1.12% | 0.91% | 0.88% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.76% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
IJK vs. IMCG - Drawdown Comparison
The maximum IJK drawdown since its inception was -54.47%, smaller than the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for IJK and IMCG. For additional features, visit the drawdowns tool.
Volatility
IJK vs. IMCG - Volatility Comparison
iShares S&P MidCap 400 Growth ETF (IJK) has a higher volatility of 5.20% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.59%. This indicates that IJK's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.