IJK vs. SCHA
Compare and contrast key facts about iShares S&P MidCap 400 Growth ETF (IJK) and Schwab U.S. Small-Cap ETF (SCHA).
IJK and SCHA 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. SCHA is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Small-Cap Total Stock Market Total Return Index. It was launched on Nov 3, 2009. Both IJK and SCHA 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 SCHA.
Key characteristics
| IJK | SCHA | |
|---|---|---|
| YTD Return | 13.99% | 3.09% |
| 1Y Return | 29.16% | 20.65% |
| 3Y Return (Ann) | 5.32% | 0.21% |
| 5Y Return (Ann) | 11.39% | 7.98% |
| 10Y Return (Ann) | 10.42% | 8.16% |
| Sharpe Ratio | 1.96 | 1.19 |
| Daily Std Dev | 15.28% | 18.67% |
| Max Drawdown | -54.47% | -42.41% |
| Current Drawdown | -1.19% | -8.51% |
Correlation
The correlation between IJK and SCHA is 0.96, 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.
Performance
IJK vs. SCHA - Performance Comparison
In the year-to-date period, IJK achieves a 13.99% return, which is significantly higher than SCHA's 3.09% return. Over the past 10 years, IJK has outperformed SCHA with an annualized return of 10.42%, while SCHA has yielded a comparatively lower 8.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IJK vs. SCHA - Expense Ratio Comparison
IJK has a 0.24% expense ratio, which is higher than SCHA's 0.04% 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%.
Risk-Adjusted Performance
IJK vs. SCHA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P MidCap 400 Growth ETF (IJK) and Schwab U.S. Small-Cap ETF (SCHA). 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. SCHA - Dividend Comparison
IJK's dividend yield for the trailing twelve months is around 0.94%, less than SCHA's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJK iShares S&P MidCap 400 Growth ETF | 0.94% | 1.13% | 1.08% | 0.50% | 0.70% | 1.09% | 1.13% | 0.93% | 1.15% | 1.12% | 0.91% | 0.88% |
SCHA Schwab U.S. Small-Cap ETF | 1.33% | 1.42% | 1.37% | 1.19% | 1.05% | 1.39% | 1.62% | 1.24% | 1.50% | 1.48% | 1.45% | 1.14% |
Drawdowns
IJK vs. SCHA - Drawdown Comparison
The maximum IJK drawdown since its inception was -54.47%, which is greater than SCHA's maximum drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for IJK and SCHA. For additional features, visit the drawdowns tool.
Volatility
IJK vs. SCHA - Volatility Comparison
iShares S&P MidCap 400 Growth ETF (IJK) and Schwab U.S. Small-Cap ETF (SCHA) have volatilities of 4.07% and 4.22%, 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.