IJS vs. FISVX
IJS (iShares S&P SmallCap 600 Value ETF) and FISVX (Fidelity Small Cap Value Index Fund) are both Small Cap Value Equities funds - IJS tracks the S&P SmallCap 600 Value Index while FISVX tracks the Russell 2000 Value Index. Both are passively managed. Over the past 5 years, IJS returned 6.10%/yr vs 7.82%/yr for FISVX. With a 0.97 correlation, they move nearly in lockstep. IJS charges 0.25%/yr vs 0.05%/yr for FISVX.
Performance
IJS vs. FISVX - Performance Comparison
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Returns By Period
In the year-to-date period, IJS achieves a 17.37% return, which is significantly lower than FISVX's 21.13% return.
IJS
- 1D
- -0.23%
- 1M
- 2.94%
- YTD
- 17.37%
- 6M
- 16.01%
- 1Y
- 37.29%
- 3Y*
- 15.33%
- 5Y*
- 6.10%
- 10Y*
- 10.48%
FISVX
- 1D
- 0.47%
- 1M
- 3.64%
- YTD
- 21.13%
- 6M
- 19.07%
- 1Y
- 43.06%
- 3Y*
- 19.67%
- 5Y*
- 7.82%
- 10Y*
- —
IJS vs. FISVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IJS iShares S&P SmallCap 600 Value ETF | 17.37% | 6.54% | 7.33% | 14.68% | -11.34% | 30.53% | 2.63% | 10.04% |
FISVX Fidelity Small Cap Value Index Fund | 21.13% | 12.70% | 8.16% | 14.72% | -14.42% | 28.26% | 4.49% | 9.54% |
Correlation
The correlation between IJS and FISVX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.97 |
The correlation between IJS and FISVX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
IJS vs. FISVX — Risk / Return Rank
IJS
FISVX
IJS vs. FISVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) and Fidelity Small Cap Value Index Fund (FISVX). 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.
| IJS | FISVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.42 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 5.30 | -1.26 |
| Martin ratioReturn relative to average drawdown | 13.28 | 17.98 | -4.70 |
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Drawdowns
IJS vs. FISVX - Drawdown Comparison
The maximum IJS drawdown since its inception was -60.11%, which is greater than FISVX's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for IJS and FISVX.
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Drawdown Indicators
| IJS | FISVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.11% | -44.66% | -15.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -8.54% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -28.65% | -26.50% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -28.65% | -26.50% | -2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -47.68% | — | — |
Current DrawdownCurrent decline from peak | -1.64% | 0.00% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -10.27% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.51% | +0.31% |
Volatility
IJS vs. FISVX - Volatility Comparison
The current volatility for iShares S&P SmallCap 600 Value ETF (IJS) is 4.85%, while Fidelity Small Cap Value Index Fund (FISVX) has a volatility of 5.27%. This indicates that IJS experiences smaller price fluctuations and is considered to be less risky than FISVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJS | FISVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 5.27% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 12.46% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.34% | 18.27% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.94% | 21.70% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.59% | 26.69% | -3.10% |
IJS vs. FISVX - Expense Ratio Comparison
IJS has a 0.25% expense ratio, which is higher than FISVX's 0.05% 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%.
Dividends
IJS vs. FISVX - Dividend Comparison
IJS's dividend yield for the trailing twelve months is around 1.36%, less than FISVX's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISVX Fidelity Small Cap Value Index Fund | 1.80% | 2.18% | 1.70% | 2.06% | 3.69% | 9.55% | 1.33% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
IJS iShares S&P SmallCap 600 Value ETF | 1.36% | 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 0.95, IJS and FISVX 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.
FISVX has higher volatility (5.27%) compared to IJS (4.85%). In terms of maximum drawdown, IJS dropped -60.11% vs FISVX's -44.66%.
FISVX currently has the higher Sharpe Ratio (2.48 vs 2.05), 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.
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