IJS vs. IVV

Last updated Aug 2, 2026

IJS (iShares S&P SmallCap 600 Value ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IJS returned 10.17%/yr vs 15.11%/yr for IVV. Their correlation of 0.81 means they have usually moved in the same direction. IJS charges 0.25%/yr vs 0.03%/yr for IVV.

Performance

IJS vs. IVV - 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 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJS achieves a 20.25% return, which is significantly higher than IVV's 10.13% return. Over the past 10 years, IJS has underperformed IVV with an annualized return of 10.17%, while IVV has yielded a comparatively higher 15.11% 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%

IVV

• 1D: 0.69%
• 1M: 0.25%
• 6M: 8.53%
• YTD: 10.13%
• 1Y: 21.55%
• 3Y*: 19.40%
• 5Y*: 12.82%
• 10Y*: 15.11%
• ALL TIME*: 8.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IJS iShares S&P SmallCap 600 Value ETF	$28.19M	$29.28M	$50.29M
IVV iShares Core S&P 500 ETF	$3.36B	$3.31B	$5.91B

IJS vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
IVV iShares Core S&P 500 ETF	10.13%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%

Correlation

The correlation between IJS and IVV is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Jul 28, 2000	0.81

The correlation between IJS and IVV shifts across timeframes, from 0.65 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

IJS vs. IVV - Sectors Allocation Comparison

Sectors	IJS	IVV
Financial Services	21.6%	12.5%
Consumer Cyclical	15.0%	8.9%
Industrials	12.9%	7.9%
Technology	11.5%	37.2%
Real Estate	8.3%	1.9%
Energy	7.6%	3.3%
Healthcare	6.3%	9.4%
Basic Materials	5.9%	1.8%
Consumer Defensive	5.5%	4.8%
Communication Services	3.5%	9.6%
Utilities	2.1%	2.6%

Return for Risk

IJS vs. IVV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IJS

IJS Risk / Return Rank: 88
IJS Sharpe Ratio Rank: 88
IJS Sortino Ratio Rank: 89
IJS Omega Ratio Rank: 85
IJS Calmar Ratio Rank: 91
IJS Martin Ratio Rank: 89

IVV

IVV Risk / Return Rank: 67
IVV Sharpe Ratio Rank: 68
IVV Sortino Ratio Rank: 64
IVV Omega Ratio Rank: 65
IVV Calmar Ratio Rank: 64
IVV Martin Ratio Rank: 76

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. IVV - 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 500 ETF (IVV). 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	IVV	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.53	+0.56
Sortino ratio: Return per unit of downside risk	3.02	2.12	+0.90
Omega ratio: Gain probability vs. loss probability	1.37	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	3.99	2.21	+1.77
Martin ratio: Return relative to average drawdown	13.67	9.43	+4.24

IJS vs. IVV - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 2.09, which is higher than the IVV Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of IJS and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IJS vs. IVV - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IJS and IVV.

Drawdown Indicators

	IJS	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-60.11%	-55.25%	-4.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-8.89%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	-28.65%	-18.75%	-9.90%
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	-24.53%	-4.12%
Max Drawdown (10Y) Largest decline over 10 years	-47.68%	-33.90%	-13.78%
Current Drawdown Current decline from peak	-1.56%	-1.41%	-0.15%
Average Drawdown Average peak-to-trough decline	-9.84%	-10.72%	+0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	2.09%	+0.61%

Volatility

IJS vs. IVV - Volatility Comparison

iShares S&P SmallCap 600 Value ETF (IJS) and iShares Core S&P 500 ETF (IVV) have volatilities of 3.53% and 3.52%, 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.

Volatility by Period

	IJS	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	3.52%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	11.13%	10.18%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.74%	12.89%	+4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.71%	17.01%	+4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.54%	18.06%	+5.48%

IJS vs. IVV - Expense Ratio Comparison

IJS has a 0.25% expense ratio, which is higher than IVV's 0.03% 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. IVV - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.32%, more than IVV's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IVV iShares Core S&P 500 ETF	1.09%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Frequently Asked Questions

Can I hold both IJS and IVV in my portfolio?

IJS and IVV have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IJS or IVV?

IJS has higher volatility (3.53%) compared to IVV (3.52%). In terms of maximum drawdown, IJS dropped -60.11% vs IVV's -55.25%.

Which ETF is better, IJS or IVV?

On 10-year performance, IVV leads with 15.11% vs 10.17% for IJS. On fees, IVV is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IJS or IVV?

Over the 10-year period, IVV has performed better with a 15.11% return vs 10.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IJS or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.25% for IJS.

Which ETF pays a higher dividend yield, IJS or IVV?

IJS has the higher dividend yield at 1.32%, compared with 1.09% for IVV.

What is the main difference between IJS and IVV?

IJS is categorized as Small Cap Value Equities, while IVV is S&P 500. IJS tracks S&P SmallCap 600 Value Index, while IVV tracks S&P 500 Index. Their fees differ too: 0.25% for IJS and 0.03% for IVV.

Which has better risk-adjusted returns?

IJS currently has the higher Sharpe Ratio (2.09 vs 1.53), 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.