PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IJR vs. IJS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJR vs. IJS

Last updated Jun 23, 2026

IJR (iShares Core S&P Small-Cap ETF) and IJS (iShares S&P SmallCap 600 Value ETF) are both exchange-traded funds - IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index, while IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 10 years, IJR returned 11.34%/yr vs 10.51%/yr for IJS. With a 0.97 correlation, they move nearly in lockstep. IJR charges 0.06%/yr vs 0.25%/yr for IJS.

Performance

IJR vs. IJS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Small-Cap ETF (IJR) and iShares S&P SmallCap 600 Value ETF (IJS). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IJR achieves a 19.75% return, which is significantly higher than IJS's 17.64% return. Over the past 10 years, IJR has outperformed IJS with an annualized return of 11.34%, while IJS has yielded a comparatively lower 10.51% annualized return.

IJR

1D
0.03%
1M
4.58%
YTD
19.75%
6M
16.72%
1Y
36.74%
3Y*
16.28%
5Y*
6.65%
10Y*
11.34%

IJS

1D
-0.23%
1M
3.17%
YTD
17.64%
6M
15.52%
1Y
39.39%
3Y*
15.42%
5Y*
6.48%
10Y*
10.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJR vs. IJS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJR
iShares Core S&P Small-Cap ETF		19.75%5.89%8.63%16.06%-16.20%26.58%11.28%22.82%-8.51%13.15%
IJS
iShares S&P SmallCap 600 Value ETF		17.64%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%

Correlation

The correlation between IJR and IJS is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (10Y)
Calculated over the trailing 10-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Jul 28, 2000

0.97

The correlation between IJR and IJS has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

IJR vs. IJS - Sectors Allocation Comparison

Sectors
IJR
IJS

Financial Services

16.0%
19.4%

Industrials

16.0%
11.6%

Technology

15.9%
13.4%

Consumer Cyclical

12.5%
15.4%

Healthcare

11.0%
7.3%

Real Estate

7.5%
8.6%

Energy

6.8%
7.0%

Basic Materials

4.7%
6.9%

Communication Services

3.2%
4.4%

Consumer Defensive

3.2%
3.9%

Utilities

1.9%
2.1%

Financial Services

IJR
16.0%
IJS
19.4%

Industrials

IJR
16.0%
IJS
11.6%

Technology

IJR
15.9%
IJS
13.4%

Consumer Cyclical

IJR
12.5%
IJS
15.4%

Healthcare

IJR
11.0%
IJS
7.3%

Real Estate

IJR
7.5%
IJS
8.6%

Energy

IJR
6.8%
IJS
7.0%

Basic Materials

IJR
4.7%
IJS
6.9%

Communication Services

IJR
3.2%
IJS
4.4%

Consumer Defensive

IJR
3.2%
IJS
3.9%

Utilities

IJR
1.9%
IJS
2.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P Small-Cap ETF

iShares S&P SmallCap 600 Value ETF

Often compared with IJR:
IJR vs. IWMIJR vs. VBIJR vs. AVUVIJR vs. IJHIJR vs. SCHAIJR vs. VBRIJR vs. VIOO
Often compared with IJS:
IJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. ISCVIJS vs. IWM

Return for Risk

IJR vs. IJS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJR
IJR Risk / Return Rank: 7171
Overall Rank
IJR Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 6969
Sortino Ratio Rank
IJR Omega Ratio Rank: 6060
Omega Ratio Rank
IJR Calmar Ratio Rank: 8383
Calmar Ratio Rank
IJR Martin Ratio Rank: 7777
Martin Ratio Rank
IJS
IJS Risk / Return Rank: 7272
Overall Rank
IJS Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 7171
Sortino Ratio Rank
IJS Omega Ratio Rank: 6363
Omega Ratio Rank
IJS Calmar Ratio Rank: 8383
Calmar Ratio Rank
IJS Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJR vs. IJS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Small-Cap ETF (IJR) and iShares S&P SmallCap 600 Value ETF (IJS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IJRIJSDifference
Sharpe ratioReturn per unit of total volatility
2.08
2.16

-0.08

Sortino ratioReturn per unit of downside risk
2.99
3.07

-0.08

Omega ratioGain probability vs. loss probability

1.36

1.37

-0.01

Calmar ratioReturn relative to maximum drawdown

4.25

4.26

-0.01

Martin ratioReturn relative to average drawdown

14.27

14.04

+0.24

IJR vs. IJS - Sharpe Ratio Comparison

The current IJR Sharpe Ratio is 2.08, which is comparable to the IJS Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of IJR and IJS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

IJR vs. IJS - Drawdown Comparison

The maximum IJR drawdown since its inception was -58.15%, roughly equal to the maximum IJS drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for IJR and IJS.

Loading charts...

Drawdown Indicators

IJRIJSDifference

Max Drawdown

Largest peak-to-trough decline

-58.15%

-60.11%

+1.96%

Max Drawdown (1Y)

Largest decline over 1 year

-8.68%

-9.28%

+0.60%

Max Drawdown (3Y)

Largest decline over 3 years

-28.02%

-28.65%

+0.63%

Max Drawdown (5Y)

Largest decline over 5 years

-28.02%

-28.65%

+0.63%

Max Drawdown (10Y)

Largest decline over 10 years

-44.36%

-47.68%

+3.32%

Current Drawdown

Current decline from peak

-0.09%

-1.42%

+1.33%

Average Drawdown

Average peak-to-trough decline

-9.26%

-9.87%

+0.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.58%

2.81%

-0.23%

Volatility

IJR vs. IJS - Volatility Comparison

iShares Core S&P Small-Cap ETF (IJR) and iShares S&P SmallCap 600 Value ETF (IJS) have volatilities of 4.92% and 4.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IJRIJSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.92%

4.84%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

12.05%

11.82%

+0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

17.76%

18.38%

-0.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.40%

21.94%

-0.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.93%

23.62%

-0.69%

IJR vs. IJS - Expense Ratio Comparison

IJR has a 0.06% expense ratio, which is lower than IJS's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IJR vs. IJS - Dividend Comparison

IJR's dividend yield for the trailing twelve months is around 1.15%, less than IJS's 1.35% yield.

PositionTTM20252024202320222021202020192018201720162015
IJR
iShares Core S&P Small-Cap ETF		1.15%1.44%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.22%1.48%
IJS
iShares S&P SmallCap 600 Value ETF		1.35%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%

Frequently Asked Questions

With a correlation of 0.98, IJR and IJS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IJR has higher volatility (4.92%) compared to IJS (4.84%). In terms of maximum drawdown, IJR dropped -58.15% vs IJS's -60.11%.

On 10-year performance, IJR leads with 11.34% vs 10.51% for IJS. On fees, IJR is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IJR has performed better with a 11.34% return vs 10.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJR is cheaper with a 0.06% expense ratio, compared with 0.25% for IJS.

IJS has the higher dividend yield at 1.35%, compared with 1.15% for IJR.

IJR is categorized as Small Cap Blend Equities, while IJS is Small Cap Value Equities. IJR tracks S&P SmallCap 600 Index, while IJS tracks S&P SmallCap 600 Value Index. Their fees differ too: 0.06% for IJR and 0.25% for IJS.

IJS currently has the higher Sharpe Ratio (2.16 vs 2.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for IJR and IJS

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer