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IJS vs. IWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJS vs. IWM

Last updated Aug 2, 2026
Documentation

IJS (iShares S&P SmallCap 600 Value ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 10 years, IJS returned 10.17%/yr vs 10.70%/yr for IWM. Their correlation of 0.94 means they have usually moved in the same direction. IJS charges 0.25%/yr vs 0.19%/yr for IWM.

Performance

IJS vs. IWM - 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 Russell 2000 ETF (IWM). 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 higher than IWM's 18.79% return. Over the past 10 years, IJS has underperformed IWM with an annualized return of 10.17%, while IWM has yielded a comparatively higher 10.70% 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%

IWM

1D
-0.48%
1M
-2.14%
6M
12.62%
YTD
18.79%
1Y
36.90%
3Y*
15.11%
5Y*
6.99%
10Y*
10.70%
ALL TIME*
8.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. 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

IWM

iShares Russell 2000 ETF
$6.67B$6.32B$7.45B

IJS vs. IWM - 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%
IWM
iShares Russell 2000 ETF		18.79%12.66%11.38%16.83%-20.48%14.54%20.03%25.39%-11.12%14.58%

Correlation

The correlation between IJS and IWM is 0.86, meaning they have usually moved in the same direction, including during past declines.

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

0.86

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

0.92

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

0.93

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

0.93

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

0.94

The correlation between IJS and IWM has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

IJS vs. IWM - Sectors Allocation Comparison

Sectors
IJS
IWM

Financial Services

21.6%
18.3%

Consumer Cyclical

15.0%
9.2%

Industrials

12.9%
13.7%

Technology

11.5%
13.6%

Real Estate

8.3%
7.0%

Energy

7.6%
5.6%

Healthcare

6.3%
20.0%

Basic Materials

5.9%
4.5%

Consumer Defensive

5.5%
2.8%

Communication Services

3.5%
2.0%

Utilities

2.1%
2.9%

Financial Services

IJS
21.6%
IWM
18.3%

Consumer Cyclical

IJS
15.0%
IWM
9.2%

Industrials

IJS
12.9%
IWM
13.7%

Technology

IJS
11.5%
IWM
13.6%

Real Estate

IJS
8.3%
IWM
7.0%

Energy

IJS
7.6%
IWM
5.6%

Healthcare

IJS
6.3%
IWM
20.0%

Basic Materials

IJS
5.9%
IWM
4.5%

Consumer Defensive

IJS
5.5%
IWM
2.8%

Communication Services

IJS
3.5%
IWM
2.0%

Utilities

IJS
2.1%
IWM
2.9%

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 Russell 2000 ETF

Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. ISCV
Often compared with IWM:
IWM vs. SPYIWM vs. VTWOIWM vs. IJRIWM vs. AVUVIWM vs. VOOIWM vs. IWNIWM vs. IWO

Return for Risk

IJS vs. IWM — 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
IWM
IWM Risk / Return Rank: 7979
Overall Rank
IWM Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IWM Sortino Ratio Rank: 7878
Sortino Ratio Rank
IWM Omega Ratio Rank: 7272
Omega Ratio Rank
IWM Calmar Ratio Rank: 8383
Calmar Ratio Rank
IWM Martin Ratio Rank: 8383
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. IWM - 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 Russell 2000 ETF (IWM). 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.

IJSIWMDifference
Sharpe ratioReturn per unit of total volatility
2.09
1.77

+0.32

Sortino ratioReturn per unit of downside risk
3.02
2.51

+0.51

Omega ratioGain probability vs. loss probability

1.37

1.30

+0.07

Calmar ratioReturn relative to maximum drawdown

3.99

3.11

+0.88

Martin ratioReturn relative to average drawdown

13.67

11.02

+2.65

IJS vs. IWM - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 2.09, which is comparable to the IWM Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of IJS and IWM, 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. IWM - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, roughly equal to the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IJS and IWM.

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Drawdown Indicators

IJSIWMDifference

Max Drawdown

Largest peak-to-trough decline

-60.11%

-59.05%

-1.06%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-11.03%

+1.75%

Max Drawdown (3Y)

Largest decline over 3 years

-28.65%

-27.50%

-1.15%

Max Drawdown (5Y)

Largest decline over 5 years

-28.65%

-31.91%

+3.26%

Max Drawdown (10Y)

Largest decline over 10 years

-47.68%

-41.13%

-6.55%

Current Drawdown

Current decline from peak

-1.56%

-3.08%

+1.52%

Average Drawdown

Average peak-to-trough decline

-9.84%

-10.71%

+0.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

3.11%

-0.41%

Volatility

IJS vs. IWM - Volatility Comparison

The current volatility for iShares S&P SmallCap 600 Value ETF (IJS) is 3.53%, while iShares Russell 2000 ETF (IWM) has a volatility of 3.82%. This indicates that IJS experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJSIWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

3.82%

-0.29%

Volatility (6M)

Calculated over the trailing 6-month period

11.13%

14.12%

-2.99%

Volatility (1Y)

Calculated over the trailing 1-year period

17.74%

19.41%

-1.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.71%

22.48%

-0.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.54%

23.01%

+0.53%

IJS vs. IWM - Expense Ratio Comparison

IJS has a 0.25% expense ratio, which is higher than IWM's 0.19% 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. IWM - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.32%, more than IWM's 0.91% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IWM
iShares Russell 2000 ETF		0.91%1.04%1.15%1.35%1.48%0.94%1.04%1.26%1.40%1.26%1.38%1.54%

Frequently Asked Questions

IJS and IWM have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWM has higher volatility (3.82%) compared to IJS (3.53%). In terms of maximum drawdown, IJS dropped -60.11% vs IWM's -59.05%.

On 10-year performance, IWM leads with 10.70% vs 10.17% for IJS. On fees, IWM is cheaper at 0.19% per year. On volatility, IJS has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWM has performed better with a 10.70% return vs 10.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWM is cheaper with a 0.19% expense ratio, compared with 0.25% for IJS.

IJS has the higher dividend yield at 1.32%, compared with 0.91% for IWM.

IJS is categorized as Small Cap Value Equities, while IWM is Small Cap Blend Equities. IJS tracks S&P SmallCap 600 Value Index, while IWM tracks Russell 2000 Index. Their fees differ too: 0.25% for IJS and 0.19% for IWM.

IJS currently has the higher Sharpe Ratio (2.09 vs 1.77), 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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