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:
-0.21
^GSPC:
0.46
IJK:
-0.15
^GSPC:
0.77
IJK:
0.98
^GSPC:
1.11
IJK:
-0.19
^GSPC:
0.47
IJK:
-0.62
^GSPC:
1.94
IJK:
7.92%
^GSPC:
4.61%
IJK:
22.94%
^GSPC:
19.44%
IJK:
-54.47%
^GSPC:
-56.78%
IJK:
-17.22%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, IJK achieves a -9.65% return, which is significantly lower than ^GSPC's -6.06% return. Over the past 10 years, IJK has underperformed ^GSPC with an annualized return of 7.82%, while ^GSPC has yielded a comparatively higher 10.11% annualized return.
IJK
-9.65%
-4.21%
-9.68%
-4.70%
12.12%
7.82%
^GSPC
-6.06%
-3.27%
-4.87%
9.44%
14.30%
10.11%
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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 15.32% compared to S&P 500 (^GSPC) at 14.23%. 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.