IJK vs. ^GSPC
Compare and contrast key facts about iShares S&P MidCap 400 Growth ETF (IJK) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IJK or ^GSPC.
Correlation
The correlation between IJK and ^GSPC is 0.88, 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. ^GSPC - Performance Comparison
Key characteristics
IJK:
-0.42
^GSPC:
0.52
IJK:
-0.47
^GSPC:
0.77
IJK:
0.95
^GSPC:
1.10
IJK:
-0.42
^GSPC:
0.71
IJK:
-1.22
^GSPC:
2.33
IJK:
6.07%
^GSPC:
3.09%
IJK:
17.75%
^GSPC:
13.96%
IJK:
-54.47%
^GSPC:
-56.78%
IJK:
-15.38%
^GSPC:
-8.32%
Returns By Period
In the year-to-date period, IJK achieves a -7.65% return, which is significantly lower than ^GSPC's -4.23% return. Over the past 10 years, IJK has underperformed ^GSPC with an annualized return of 8.03%, while ^GSPC has yielded a comparatively higher 10.57% annualized return.
IJK
-7.65%
-5.72%
-7.78%
-7.04%
15.59%
8.03%
^GSPC
-4.23%
-5.40%
-1.33%
7.42%
17.47%
10.57%
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Risk-Adjusted Performance
IJK vs. ^GSPC — Risk-Adjusted Performance Rank
IJK
^GSPC
IJK vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P MidCap 400 Growth ETF (IJK) and S&P 500 (^GSPC). 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.
Drawdowns
IJK vs. ^GSPC - Drawdown Comparison
The maximum IJK drawdown since its inception was -54.47%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for IJK and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
IJK vs. ^GSPC - Volatility Comparison
iShares S&P MidCap 400 Growth ETF (IJK) has a higher volatility of 7.14% compared to S&P 500 (^GSPC) at 5.79%. This indicates that IJK's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.