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.
Key characteristics
| IJK | ^GSPC | |
|---|---|---|
| YTD Return | 14.15% | 11.18% |
| 1Y Return | 28.34% | 26.33% |
| 3Y Return (Ann) | 5.81% | 8.72% |
| 5Y Return (Ann) | 11.63% | 13.16% |
| 10Y Return (Ann) | 10.46% | 10.99% |
| Sharpe Ratio | 1.93 | 2.38 |
| Daily Std Dev | 15.23% | 11.54% |
| Max Drawdown | -54.47% | -56.78% |
| Current Drawdown | -1.06% | -0.09% |
Correlation
The correlation between IJK and ^GSPC is 0.89, 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
In the year-to-date period, IJK achieves a 14.15% return, which is significantly higher than ^GSPC's 11.18% return. Over the past 10 years, IJK has underperformed ^GSPC with an annualized return of 10.46%, while ^GSPC has yielded a comparatively higher 10.99% 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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Risk-Adjusted Performance
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 4.11% compared to S&P 500 (^GSPC) at 3.36%. 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.