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IJS vs. PDP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJS vs. PDP

Last updated Aug 1, 2026
Documentation

IJS (iShares S&P SmallCap 600 Value ETF) and PDP (Invesco Dorsey Wright Momentum ETF) are both exchange-traded funds - IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while PDP is a Momentum fund tracking the Dorsey Wright Technical Leaders Index. Both are passively managed. Over the past 10 years, IJS returned 10.17%/yr vs 12.35%/yr for PDP. Their 0.75 correlation means they have sometimes moved together and sometimes differently. IJS charges 0.25%/yr vs 0.62%/yr for PDP.

Performance

IJS vs. PDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P SmallCap 600 Value ETF (IJS) and Invesco Dorsey Wright Momentum ETF (PDP). 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 PDP's 14.75% return. Over the past 10 years, IJS has underperformed PDP with an annualized return of 10.17%, while PDP has yielded a comparatively higher 12.35% 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%

PDP

1D
0.32%
1M
-9.12%
6M
9.33%
YTD
14.75%
1Y
18.03%
3Y*
18.14%
5Y*
8.11%
10Y*
12.35%
ALL TIME*
9.66%
*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

PDP

Invesco Dorsey Wright Momentum ETF
$3.96M$3.45M$3.85M

IJS vs. PDP - 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%
PDP
Invesco Dorsey Wright Momentum ETF		14.75%8.37%26.06%20.88%-24.49%7.72%36.59%33.13%-5.96%23.30%

Correlation

The correlation between IJS and PDP is 0.56, 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.

0.56

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

0.63

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

0.70

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

0.65

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2007

0.75

The correlation between IJS and PDP shifts across timeframes, from 0.56 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

IJS vs. PDP - Sectors Allocation Comparison

Sectors
IJS
PDP

Financial Services

20.2%
6.3%

Consumer Cyclical

15.2%
2.6%

Technology

13.4%
42.4%

Industrials

12.2%
25.6%

Real Estate

8.5%
0.7%

Healthcare

7.7%
8.4%

Basic Materials

6.2%
4.0%

Energy

6.0%
5.1%

Consumer Defensive

5.0%
1.4%

Communication Services

3.8%
1.2%

Utilities

2.0%
0.5%

Financial Services

IJS
20.2%
PDP
6.3%

Consumer Cyclical

IJS
15.2%
PDP
2.6%

Technology

IJS
13.4%
PDP
42.4%

Industrials

IJS
12.2%
PDP
25.6%

Real Estate

IJS
8.5%
PDP
0.7%

Healthcare

IJS
7.7%
PDP
8.4%

Basic Materials

IJS
6.2%
PDP
4.0%

Energy

IJS
6.0%
PDP
5.1%

Consumer Defensive

IJS
5.0%
PDP
1.4%

Communication Services

IJS
3.8%
PDP
1.2%

Utilities

IJS
2.0%
PDP
0.5%

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

Invesco Dorsey Wright Momentum ETF

Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. ISCV
Often compared with PDP:
PDP vs. MTUMPDP vs. QQQPDP vs. SPYPDP vs. MMTMPDP vs. VOOPDP vs. BBUSPDP vs. RSP

Return for Risk

IJS vs. PDP — 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
PDP
PDP Risk / Return Rank: 3131
Overall Rank
PDP Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
PDP Sortino Ratio Rank: 2929
Sortino Ratio Rank
PDP Omega Ratio Rank: 2929
Omega Ratio Rank
PDP Calmar Ratio Rank: 3131
Calmar Ratio Rank
PDP Martin Ratio Rank: 3838
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. PDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) and Invesco Dorsey Wright Momentum ETF (PDP). 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.

IJSPDPDifference
Sharpe ratioReturn per unit of total volatility
2.09
0.70

+1.39

Sortino ratioReturn per unit of downside risk
3.02
1.10

+1.92

Omega ratioGain probability vs. loss probability

1.37

1.14

+0.23

Calmar ratioReturn relative to maximum drawdown

3.99

1.03

+2.96

Martin ratioReturn relative to average drawdown

13.67

4.02

+9.65

IJS vs. PDP - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 2.09, which is higher than the PDP Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of IJS and PDP, 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. PDP - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, roughly equal to the maximum PDP drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for IJS and PDP.

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Drawdown Indicators

IJSPDPDifference

Max Drawdown

Largest peak-to-trough decline

-60.11%

-59.34%

-0.77%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-17.58%

+8.30%

Max Drawdown (3Y)

Largest decline over 3 years

-28.65%

-23.79%

-4.86%

Max Drawdown (5Y)

Largest decline over 5 years

-28.65%

-33.91%

+5.26%

Max Drawdown (10Y)

Largest decline over 10 years

-47.68%

-34.70%

-12.98%

Current Drawdown

Current decline from peak

-1.56%

-12.80%

+11.24%

Average Drawdown

Average peak-to-trough decline

-9.84%

-10.57%

+0.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

4.51%

-1.81%

Volatility

IJS vs. PDP - Volatility Comparison

The current volatility for iShares S&P SmallCap 600 Value ETF (IJS) is 3.53%, while Invesco Dorsey Wright Momentum ETF (PDP) has a volatility of 11.41%. This indicates that IJS experiences smaller price fluctuations and is considered to be less risky than PDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJSPDPDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

11.41%

-7.88%

Volatility (6M)

Calculated over the trailing 6-month period

11.13%

21.23%

-10.10%

Volatility (1Y)

Calculated over the trailing 1-year period

17.74%

25.85%

-8.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.71%

22.80%

-1.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.54%

22.01%

+1.53%

IJS vs. PDP - Expense Ratio Comparison

IJS has a 0.25% expense ratio, which is lower than PDP's 0.62% expense ratio.

Dividends

IJS vs. PDP - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.32%, more than PDP's 0.08% 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%
PDP
Invesco Dorsey Wright Momentum ETF		0.08%0.17%0.15%0.42%0.45%0.00%0.11%0.25%0.18%0.28%0.81%0.39%

Frequently Asked Questions

IJS and PDP have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PDP has higher volatility (11.41%) compared to IJS (3.53%). In terms of maximum drawdown, IJS dropped -60.11% vs PDP's -59.34%.

On 10-year performance, PDP leads with 12.35% vs 10.17% for IJS. On fees, IJS is cheaper at 0.25% 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, PDP has performed better with a 12.35% return vs 10.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJS is cheaper with a 0.25% expense ratio, compared with 0.62% for PDP.

IJS has the higher dividend yield at 1.32%, compared with 0.08% for PDP.

IJS is categorized as Small Cap Value Equities, while PDP is Momentum. IJS tracks S&P SmallCap 600 Value Index, while PDP tracks Dorsey Wright Technical Leaders Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IJS and 0.62% for PDP.

IJS currently has the higher Sharpe Ratio (2.09 vs 0.70), 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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