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:
1.11
^GSPC:
2.10
IJK:
1.61
^GSPC:
2.80
IJK:
1.20
^GSPC:
1.39
IJK:
1.75
^GSPC:
3.09
IJK:
5.61
^GSPC:
13.49
IJK:
3.26%
^GSPC:
1.94%
IJK:
16.54%
^GSPC:
12.52%
IJK:
-54.48%
^GSPC:
-56.78%
IJK:
-7.70%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, IJK achieves a 16.53% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, IJK has underperformed ^GSPC with an annualized return of 9.68%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
IJK
16.53%
-3.08%
4.17%
16.61%
10.03%
9.68%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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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 -54.48%, 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 5.43% compared to S&P 500 (^GSPC) at 3.79%. 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.