IJR vs. IJH
Compare and contrast key facts about iShares Core S&P Small-Cap ETF (IJR) and iShares Core S&P Mid-Cap ETF (IJH).
IJR and IJH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. IJH is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400 Index. It was launched on May 22, 2000. Both IJR and IJH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IJR or IJH.
Key characteristics
| IJR | IJH | |
|---|---|---|
| YTD Return | -3.53% | 3.40% |
| 1Y Return | 11.12% | 16.49% |
| 3Y Return (Ann) | -0.62% | 2.97% |
| 5Y Return (Ann) | 6.99% | 9.39% |
| 10Y Return (Ann) | 8.46% | 9.51% |
| Sharpe Ratio | 0.56 | 1.02 |
| Daily Std Dev | 19.51% | 16.16% |
| Max Drawdown | -58.15% | -55.07% |
| Current Drawdown | -10.12% | -5.89% |
Correlation
The correlation between IJR and IJH is 0.94, 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
IJR vs. IJH - Performance Comparison
In the year-to-date period, IJR achieves a -3.53% return, which is significantly lower than IJH's 3.40% return. Over the past 10 years, IJR has underperformed IJH with an annualized return of 8.46%, while IJH has yielded a comparatively higher 9.51% 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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IJR vs. IJH - Expense Ratio Comparison
IJR has a 0.07% expense ratio, which is higher than IJH's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IJR vs. IJH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Small-Cap ETF (IJR) and iShares Core S&P Mid-Cap ETF (IJH). 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.
Dividends
IJR vs. IJH - Dividend Comparison
IJR's dividend yield for the trailing twelve months is around 1.36%, which matches IJH's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJR iShares Core S&P Small-Cap ETF | 1.36% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
IJH iShares Core S&P Mid-Cap ETF | 1.36% | 1.46% | 1.68% | 1.18% | 1.28% | 1.62% | 1.72% | 1.19% | 1.60% | 1.56% | 1.34% | 1.29% |
Drawdowns
IJR vs. IJH - Drawdown Comparison
The maximum IJR drawdown since its inception was -58.15%, which is greater than IJH's maximum drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for IJR and IJH. For additional features, visit the drawdowns tool.
Volatility
IJR vs. IJH - Volatility Comparison
iShares Core S&P Small-Cap ETF (IJR) has a higher volatility of 5.39% compared to iShares Core S&P Mid-Cap ETF (IJH) at 4.22%. This indicates that IJR's price experiences larger fluctuations and is considered to be riskier than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.