IJK vs. IWP

Last updated Jun 23, 2026

IJK (iShares S&P MidCap 400 Growth ETF) and IWP (iShares Russell Mid-Cap Growth ETF) are both Mid Cap Growth Equities funds from iShares - IJK tracks the S&P MidCap 400 Growth Index while IWP tracks the Russell Midcap Growth Index. Both are passively managed. Over the past 10 years, IJK returned 12.03%/yr vs 12.76%/yr for IWP. Their correlation of 0.93 suggests significant overlap in exposure. IJK charges 0.17%/yr vs 0.23%/yr for IWP.

Performance

IJK vs. IWP - Performance Comparison

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

Returns By Period

In the year-to-date period, IJK achieves a 20.35% return, which is significantly higher than IWP's 3.69% return. Over the past 10 years, IJK has underperformed IWP with an annualized return of 12.03%, while IWP has yielded a comparatively higher 12.76% annualized return.

IJK

• 1D: 0.59%
• 1M: 4.15%
• YTD: 20.35%
• 6M: 17.46%
• 1Y: 32.45%
• 3Y*: 18.28%
• 5Y*: 8.76%
• 10Y*: 12.03%

IWP

• 1D: -0.13%
• 1M: 1.79%
• YTD: 3.69%
• 6M: 1.21%
• 1Y: 6.05%
• 3Y*: 15.53%
• 5Y*: 5.46%
• 10Y*: 12.76%

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

IJK vs. IWP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJK iShares S&P MidCap 400 Growth ETF	20.35%	7.28%	15.68%	17.41%	-19.03%	18.68%	22.45%	25.96%	-10.53%	19.64%
IWP iShares Russell Mid-Cap Growth ETF	3.69%	8.45%	21.86%	25.70%	-26.90%	12.60%	35.25%	35.04%	-4.89%	24.93%

Correlation

The correlation between IJK and IWP is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Aug 1, 2001	0.93

The correlation between IJK and IWP has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

IJK vs. IWP - Sectors Allocation Comparison

Sectors	IJK	IWP
Industrials	30.2%	25.0%
Technology	24.8%	22.3%
Healthcare	13.7%	12.8%
Consumer Cyclical	7.5%	19.9%
Financial Services	6.7%	6.4%
Real Estate	5.3%	1.4%
Basic Materials	3.5%	0.4%
Energy	3.2%	3.9%
Utilities	2.0%	2.5%
Consumer Defensive	1.8%	1.9%
Communication Services	1.4%	3.0%

Return for Risk

IJK vs. IWP — Risk / Return Rank

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

IJK

IJK Risk / Return Rank: 61
IJK Sharpe Ratio Rank: 57
IJK Sortino Ratio Rank: 57
IJK Omega Ratio Rank: 53
IJK Calmar Ratio Rank: 68
IJK Martin Ratio Rank: 71

IWP

IWP Risk / Return Rank: 13
IWP Sharpe Ratio Rank: 13
IWP Sortino Ratio Rank: 13
IWP Omega Ratio Rank: 12
IWP Calmar Ratio Rank: 13
IWP Martin Ratio Rank: 14

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. IWP - Risk-Adjusted Trends Comparison

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

	IJK	IWP	Difference
Sharpe ratio: Return per unit of total volatility	1.86	0.36	+1.50
Sortino ratio: Return per unit of downside risk	2.63	0.62	+2.01
Omega ratio: Gain probability vs. loss probability	1.32	1.07	+0.25
Calmar ratio: Return relative to maximum drawdown	3.28	0.41	+2.87
Martin ratio: Return relative to average drawdown	12.90	1.19	+11.71

IJK vs. IWP - Sharpe Ratio Comparison

The current IJK Sharpe Ratio is 1.86, which is higher than the IWP Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of IJK and IWP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IJK vs. IWP - Drawdown Comparison

The maximum IJK drawdown since its inception was -54.47%, roughly equal to the maximum IWP drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for IJK and IWP.

Drawdown Indicators

	IJK	IWP	Difference
Max Drawdown Largest peak-to-trough decline	-54.47%	-56.92%	+2.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-14.79%	+4.87%
Max Drawdown (3Y) Largest decline over 3 years	-25.63%	-25.20%	-0.43%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-38.62%	+9.38%
Max Drawdown (10Y) Largest decline over 10 years	-39.25%	-38.62%	-0.63%
Current Drawdown Current decline from peak	0.00%	-2.16%	+2.16%
Average Drawdown Average peak-to-trough decline	-10.78%	-9.67%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	5.11%	-2.59%

Volatility

IJK vs. IWP - Volatility Comparison

iShares S&P MidCap 400 Growth ETF (IJK) and iShares Russell Mid-Cap Growth ETF (IWP) have volatilities of 5.57% and 5.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJK	IWP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	5.63%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	13.76%	13.32%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	17.56%	17.05%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.77%	22.39%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.11%	21.73%	-0.62%

IJK vs. IWP - Expense Ratio Comparison

IJK has a 0.17% expense ratio, which is lower than IWP'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. IWP - Dividend Comparison

IJK's dividend yield for the trailing twelve months is around 0.52%, more than IWP's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJK iShares S&P MidCap 400 Growth ETF	0.52%	0.66%	0.79%	1.13%	1.08%	0.50%	0.70%	1.09%	1.13%	0.93%	1.15%	1.12%
IWP iShares Russell Mid-Cap Growth ETF	0.35%	0.37%	0.40%	0.54%	0.77%	0.30%	0.38%	0.59%	1.02%	0.78%	1.16%	0.98%

Frequently Asked Questions

Can I hold both IJK and IWP in my portfolio?

IJK and IWP have a correlation of 0.87, 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 IWP?

IWP has higher volatility (5.63%) compared to IJK (5.57%). In terms of maximum drawdown, IJK dropped -54.47% vs IWP's -56.92%.

Which ETF is better, IJK or IWP?

On 10-year performance, IWP leads with 12.76% vs 12.03% for IJK. On fees, IJK is cheaper at 0.17% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IJK or IWP?

Over the 10-year period, IWP has performed better with a 12.76% return vs 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IJK or IWP?

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

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

IJK has the higher dividend yield at 0.52%, compared with 0.35% for IWP.

What is the main difference between IJK and IWP?

IJK tracks S&P MidCap 400 Growth Index, while IWP tracks Russell Midcap Growth Index. Their fees differ too: 0.17% for IJK and 0.23% for IWP.

Which has better risk-adjusted returns?

IJK currently has the higher Sharpe Ratio (1.86 vs 0.36), 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.