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:
0.54
^GSPC:
1.62
IJK:
0.85
^GSPC:
2.20
IJK:
1.10
^GSPC:
1.30
IJK:
0.91
^GSPC:
2.46
IJK:
2.20
^GSPC:
10.01
IJK:
4.04%
^GSPC:
2.08%
IJK:
16.64%
^GSPC:
12.88%
IJK:
-54.48%
^GSPC:
-56.78%
IJK:
-9.80%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, IJK achieves a -1.55% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, IJK has underperformed ^GSPC with an annualized return of 8.89%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
IJK
-1.55%
-7.17%
-2.00%
6.43%
8.88%
8.89%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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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 -54.48%, 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 4.85% compared to S&P 500 (^GSPC) at 3.43%. 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.