IJK vs. IWP
Compare and contrast key facts about iShares S&P MidCap 400 Growth ETF (IJK) and iShares Russell Midcap Growth ETF (IWP).
IJK and IWP 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. IWP is a passively managed fund by iShares that tracks the performance of the Russell Midcap Growth Index. It was launched on Jul 17, 2001. Both IJK and IWP 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 IWP.
Performance
IJK vs. IWP - Performance Comparison
Returns By Period
In the year-to-date period, IJK achieves a 20.24% return, which is significantly lower than IWP's 25.38% return. Over the past 10 years, IJK has underperformed IWP with an annualized return of 10.13%, while IWP has yielded a comparatively higher 11.73% annualized return.
IJK
20.24%
1.84%
5.78%
30.50%
11.59%
10.13%
IWP
25.38%
7.25%
17.40%
37.27%
12.54%
11.73%
Key characteristics
| IJK | IWP | |
|---|---|---|
| Sharpe Ratio | 1.84 | 2.43 |
| Sortino Ratio | 2.59 | 3.28 |
| Omega Ratio | 1.31 | 1.42 |
| Calmar Ratio | 2.02 | 1.73 |
| Martin Ratio | 9.68 | 12.68 |
| Ulcer Index | 3.11% | 2.93% |
| Daily Std Dev | 16.31% | 15.29% |
| Max Drawdown | -54.47% | -56.92% |
| Current Drawdown | -2.80% | -1.19% |
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IJK vs. IWP - Expense Ratio Comparison
Both IJK and IWP have an expense ratio of 0.24%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between IJK and IWP is 0.94, 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. IWP - 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 Russell Midcap 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.
Dividends
IJK vs. IWP - Dividend Comparison
IJK's dividend yield for the trailing twelve months is around 0.82%, more than IWP's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJK iShares S&P MidCap 400 Growth ETF | 0.82% | 1.13% | 1.08% | 0.50% | 0.70% | 1.09% | 1.13% | 0.93% | 1.15% | 1.12% | 0.91% | 0.88% |
IWP iShares Russell Midcap Growth ETF | 0.42% | 0.54% | 0.77% | 0.30% | 0.38% | 0.60% | 1.02% | 0.78% | 1.47% | 0.98% | 1.03% | 0.79% |
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. For additional features, visit the drawdowns tool.
Volatility
IJK vs. IWP - Volatility Comparison
The current volatility for iShares S&P MidCap 400 Growth ETF (IJK) is 5.08%, while iShares Russell Midcap Growth ETF (IWP) has a volatility of 5.53%. This indicates that IJK experiences smaller price fluctuations and is considered to be less risky than IWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.