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IJS vs. IJR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJS vs. IJR

Last updated Aug 2, 2026
Documentation

IJS (iShares S&P SmallCap 600 Value ETF) and IJR (iShares Core S&P Small-Cap ETF) are both exchange-traded funds - IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, IJS returned 10.17%/yr vs 10.86%/yr for IJR. Their 0.97 correlation means they have historically moved very closely together. IJS charges 0.25%/yr vs 0.06%/yr for IJR.

Performance

IJS vs. IJR - Performance Comparison

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

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Returns By Period

In the year-to-date period, IJS achieves a 20.25% return, which is significantly lower than IJR's 21.59% return. Over the past 10 years, IJS has underperformed IJR with an annualized return of 10.17%, while IJR has yielded a comparatively higher 10.86% annualized return.

IJS

1D
0.09%
1M
0.38%
6M
12.92%
YTD
20.25%
1Y
39.43%
3Y*
12.47%
5Y*
7.91%
10Y*
10.17%
ALL TIME*
9.94%

IJR

1D
-0.03%
1M
-0.70%
6M
15.04%
YTD
21.59%
1Y
35.87%
3Y*
13.39%
5Y*
7.39%
10Y*
10.86%
ALL TIME*
10.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IJR

iShares Core S&P Small-Cap ETF
$499.82M$465.35M$539.29M

IJS

iShares S&P SmallCap 600 Value ETF
$28.19M$29.28M$50.29M

IJS vs. IJR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJS
iShares S&P SmallCap 600 Value ETF		20.25%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%
IJR
iShares Core S&P Small-Cap ETF		21.59%5.89%8.63%16.06%-16.20%26.58%11.28%22.82%-8.51%13.15%

Correlation

The correlation between IJS and IJR is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.97

Correlation (3Y)
Balances recent behavior with more history.

0.98

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.98

Correlation (10Y)
Provides a long-term view across more market conditions.

0.98

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

0.97

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

IJS vs. IJR - Sectors Allocation Comparison

Sectors
IJS
IJR

Financial Services

21.6%
17.0%

Consumer Cyclical

15.0%
13.2%

Industrials

12.9%
15.6%

Technology

11.5%
15.5%

Real Estate

8.3%
7.6%

Energy

7.6%
4.9%

Healthcare

6.3%
12.4%

Basic Materials

5.9%
4.7%

Consumer Defensive

5.5%
4.2%

Communication Services

3.5%
3.2%

Utilities

2.1%
1.8%

Financial Services

IJS
21.6%
IJR
17.0%

Consumer Cyclical

IJS
15.0%
IJR
13.2%

Industrials

IJS
12.9%
IJR
15.6%

Technology

IJS
11.5%
IJR
15.5%

Real Estate

IJS
8.3%
IJR
7.6%

Energy

IJS
7.6%
IJR
4.9%

Healthcare

IJS
6.3%
IJR
12.4%

Basic Materials

IJS
5.9%
IJR
4.7%

Consumer Defensive

IJS
5.5%
IJR
4.2%

Communication Services

IJS
3.5%
IJR
3.2%

Utilities

IJS
2.1%
IJR
1.8%

Compare stocks, funds, or ETFs

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

iShares S&P SmallCap 600 Value ETF

iShares Core S&P Small-Cap ETF

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

Return for Risk

IJS vs. IJR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IJS
IJS Risk / Return Rank: 8888
Overall Rank
IJS Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 8989
Sortino Ratio Rank
IJS Omega Ratio Rank: 8585
Omega Ratio Rank
IJS Calmar Ratio Rank: 9191
Calmar Ratio Rank
IJS Martin Ratio Rank: 8989
Martin Ratio Rank
IJR
IJR Risk / Return Rank: 8686
Overall Rank
IJR Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 8686
Sortino Ratio Rank
IJR Omega Ratio Rank: 8181
Omega Ratio Rank
IJR Calmar Ratio Rank: 9191
Calmar Ratio Rank
IJR Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IJS vs. IJR - Risk-Adjusted Trends Comparison

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

IJSIJRDifference
Sharpe ratioReturn per unit of total volatility
2.09
1.95

+0.14

Sortino ratioReturn per unit of downside risk
3.02
2.87

+0.16

Omega ratioGain probability vs. loss probability

1.37

1.34

+0.02

Calmar ratioReturn relative to maximum drawdown

3.99

3.89

+0.10

Martin ratioReturn relative to average drawdown

13.67

13.29

+0.38

IJS vs. IJR - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 2.09, which is comparable to the IJR Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of IJS and IJR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IJS vs. IJR - Drawdown Comparison

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

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Drawdown Indicators

IJSIJRDifference

Max Drawdown

Largest peak-to-trough decline

-60.11%

-58.15%

-1.96%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-8.68%

-0.60%

Max Drawdown (3Y)

Largest decline over 3 years

-28.65%

-28.02%

-0.63%

Max Drawdown (5Y)

Largest decline over 5 years

-28.65%

-28.02%

-0.63%

Max Drawdown (10Y)

Largest decline over 10 years

-47.68%

-44.36%

-3.32%

Current Drawdown

Current decline from peak

-1.56%

-1.92%

+0.36%

Average Drawdown

Average peak-to-trough decline

-9.84%

-9.23%

-0.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

2.54%

+0.16%

Volatility

IJS vs. IJR - Volatility Comparison

iShares S&P SmallCap 600 Value ETF (IJS) and iShares Core S&P Small-Cap ETF (IJR) have volatilities of 3.53% and 3.40%, 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.

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Volatility by Period

IJSIJRDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

3.40%

+0.13%

Volatility (6M)

Calculated over the trailing 6-month period

11.13%

11.62%

-0.49%

Volatility (1Y)

Calculated over the trailing 1-year period

17.74%

17.33%

+0.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.71%

21.25%

+0.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.54%

22.85%

+0.69%

IJS vs. IJR - Expense Ratio Comparison

IJS has a 0.25% expense ratio, which is higher than IJR'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%.

Dividends

IJS vs. IJR - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.32%, more than IJR's 1.13% yield.

PositionTTM20252024202320222021202020192018201720162015
IJR
iShares Core S&P Small-Cap ETF		1.13%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		1.32%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 0.97, IJS and IJR 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.

IJS has higher volatility (3.53%) compared to IJR (3.40%). In terms of maximum drawdown, IJS dropped -60.11% vs IJR's -58.15%.

On 10-year performance, IJR leads with 10.86% vs 10.17% for IJS. On fees, IJR is cheaper at 0.06% per year. On volatility, IJR has been the lower-risk option at 3.40%. 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 10.86% return vs 10.17%. 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 1.32%, compared with 1.13% for IJR.

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

IJS currently has the higher Sharpe Ratio (2.09 vs 1.95), 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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