IJK vs. SLYG

Last updated Jun 12, 2026

IJK (iShares S&P MidCap 400 Growth ETF) and SLYG (SPDR S&P 600 Small Cap Growth ETF) are both exchange-traded funds - IJK is a Mid Cap Growth Equities fund tracking the S&P MidCap 400 Growth Index, while SLYG is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Growth Index. Both are passively managed. Over the past 10 years, IJK returned 11.62%/yr vs 11.27%/yr for SLYG. Their correlation of 0.91 suggests significant overlap in exposure. IJK charges 0.17%/yr vs 0.15%/yr for SLYG.

Performance

IJK vs. SLYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P MidCap 400 Growth ETF (IJK) and SPDR S&P 600 Small Cap Growth ETF (SLYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJK achieves a 18.08% return, which is significantly lower than SLYG's 19.06% return. Both investments have delivered pretty close results over the past 10 years, with IJK having a 11.62% annualized return and SLYG not far behind at 11.27%.

IJK

• 1D: 2.99%
• 1M: 2.01%
• YTD: 18.08%
• 6M: 15.02%
• 1Y: 28.87%
• 3Y*: 17.04%
• 5Y*: 8.07%
• 10Y*: 11.62%

SLYG

• 1D: 3.07%
• 1M: 4.13%
• YTD: 19.06%
• 6M: 14.09%
• 1Y: 28.19%
• 3Y*: 14.88%
• 5Y*: 5.94%
• 10Y*: 11.27%

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

IJK vs. SLYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJK iShares S&P MidCap 400 Growth ETF	18.08%	7.28%	15.68%	17.41%	-19.03%	18.68%	22.45%	25.96%	-10.53%	19.64%
SLYG SPDR S&P 600 Small Cap Growth ETF	19.06%	5.20%	9.38%	17.27%	-21.26%	22.42%	19.48%	20.97%	-4.20%	14.62%

Correlation

The correlation between IJK and SLYG is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000	0.91

The correlation between IJK and SLYG has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

IJK vs. SLYG - Sectors Allocation Comparison

Sectors	IJK	SLYG
Industrials	31.1%	19.2%
Technology	21.8%	20.5%
Healthcare	13.5%	14.3%
Consumer Cyclical	7.9%	10.7%
Financial Services	7.3%	13.6%
Real Estate	5.5%	6.2%
Energy	3.7%	4.9%
Basic Materials	3.6%	2.7%
Consumer Defensive	2.1%	2.9%
Utilities	2.0%	1.9%
Communication Services	1.5%	3.0%

Return for Risk

IJK vs. SLYG — Risk / Return Rank

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

IJK

IJK Risk / Return Rank: 64
IJK Sharpe Ratio Rank: 59
IJK Sortino Ratio Rank: 60
IJK Omega Ratio Rank: 56
IJK Calmar Ratio Rank: 70
IJK Martin Ratio Rank: 73

SLYG

SLYG Risk / Return Rank: 62
SLYG Sharpe Ratio Rank: 56
SLYG Sortino Ratio Rank: 59
SLYG Omega Ratio Rank: 53
SLYG Calmar Ratio Rank: 73
SLYG Martin Ratio Rank: 71

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. SLYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P MidCap 400 Growth ETF (IJK) and SPDR S&P 600 Small Cap Growth ETF (SLYG). 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	SLYG	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.58	+0.07
Sortino ratio: Return per unit of downside risk	2.37	2.35	+0.02
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	2.92	3.11	-0.19
Martin ratio: Return relative to average drawdown	11.46	10.92	+0.53

IJK vs. SLYG - Sharpe Ratio Comparison

The current IJK Sharpe Ratio is 1.65, which is comparable to the SLYG Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of IJK and SLYG, 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. SLYG - Drawdown Comparison

The maximum IJK drawdown since its inception was -54.47%, smaller than the maximum SLYG drawdown of -62.92%. Use the drawdown chart below to compare losses from any high point for IJK and SLYG.

Drawdown Indicators

	IJK	SLYG	Difference
Max Drawdown Largest peak-to-trough decline	-54.47%	-62.92%	+8.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-9.10%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-25.63%	-27.39%	+1.76%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-29.18%	-0.06%
Max Drawdown (10Y) Largest decline over 10 years	-39.25%	-41.86%	+2.61%
Current Drawdown Current decline from peak	-1.12%	0.00%	-1.12%
Average Drawdown Average peak-to-trough decline	-10.79%	-14.90%	+4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	2.59%	-0.06%

Volatility

IJK vs. SLYG - Volatility Comparison

iShares S&P MidCap 400 Growth ETF (IJK) has a higher volatility of 6.04% compared to SPDR S&P 600 Small Cap Growth ETF (SLYG) at 5.57%. This indicates that IJK's price experiences larger fluctuations and is considered to be riskier than SLYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJK	SLYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	5.57%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	12.98%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	17.92%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.78%	21.57%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.10%	22.76%	-1.66%

IJK vs. SLYG - Expense Ratio Comparison

IJK has a 0.17% expense ratio, which is higher than SLYG's 0.15% 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%.

Dividends

IJK vs. SLYG - Dividend Comparison

IJK's dividend yield for the trailing twelve months is around 0.55%, less than SLYG's 0.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJK iShares S&P MidCap 400 Growth ETF	0.55%	0.66%	0.79%	1.13%	1.08%	0.50%	0.70%	1.09%	1.13%	0.93%	1.15%	1.12%
SLYG SPDR S&P 600 Small Cap Growth ETF	0.69%	0.86%	1.22%	1.18%	1.18%	0.68%	0.71%	1.08%	1.06%	4.74%	1.13%	5.75%

Frequently Asked Questions

Can I hold both IJK and SLYG in my portfolio?

With a correlation of 0.90, IJK and SLYG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IJK or SLYG?

IJK has higher volatility (6.04%) compared to SLYG (5.57%). In terms of maximum drawdown, IJK dropped -54.47% vs SLYG's -62.92%.

Which ETF is better, IJK or SLYG?

On 10-year performance, IJK leads with 11.62% vs 11.27% for SLYG. On fees, SLYG is cheaper at 0.15% per year. On volatility, SLYG has been the lower-risk option at 5.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IJK or SLYG?

Over the 10-year period, IJK has performed better with a 11.62% return vs 11.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IJK or SLYG?

SLYG is cheaper with a 0.15% expense ratio, compared with 0.17% for IJK.

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

SLYG has the higher dividend yield at 0.69%, compared with 0.55% for IJK.

What is the main difference between IJK and SLYG?

IJK is categorized as Mid Cap Growth Equities, while SLYG is Small Cap Growth Equities. IJK tracks S&P MidCap 400 Growth Index, while SLYG tracks S&P SmallCap 600 Growth Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.17% for IJK and 0.15% for SLYG.

Which has better risk-adjusted returns?

IJK currently has the higher Sharpe Ratio (1.65 vs 1.58), 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.