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IJS vs. SVAL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJS vs. SVAL

Last updated Aug 2, 2026
Documentation

IJS (iShares S&P SmallCap 600 Value ETF) and SVAL (iShares US Small Cap Value Factor ETF) are both Small Cap Value Equities funds from iShares - IJS tracks the S&P SmallCap 600 Value Index while SVAL tracks the Russell 2000 Focused Value Select Index. Both are passively managed. Over the past 5 years, IJS returned 7.91%/yr vs 9.86%/yr for SVAL. Their 0.95 correlation means they have historically moved very closely together. IJS charges 0.25%/yr vs 0.20%/yr for SVAL.

Performance

IJS vs. SVAL - 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 US Small Cap Value Factor ETF (SVAL). 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 SVAL's 25.30% 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%

SVAL

1D
0.26%
1M
2.62%
6M
17.08%
YTD
25.30%
1Y
43.73%
3Y*
16.07%
5Y*
9.86%
10Y*
—
ALL TIME*
17.62%
*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

SVAL

iShares US Small Cap Value Factor ETF
$620.93K$633.76K$608.86K

IJS vs. SVAL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IJS
iShares S&P SmallCap 600 Value ETF		20.25%6.54%7.33%14.68%-11.34%30.53%28.80%
SVAL
iShares US Small Cap Value Factor ETF		25.30%8.23%7.54%12.27%-10.15%33.18%29.82%

Correlation

The correlation between IJS and SVAL is 0.93, 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.

0.93

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

0.94

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

0.95

Correlation (All Time)
Calculated using the full available price history since Oct 29, 2020

0.95

The correlation between IJS and SVAL has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

IJS vs. SVAL - Sectors Allocation Comparison

Sectors
IJS
SVAL

Financial Services

21.6%
22.7%

Consumer Cyclical

15.0%
11.8%

Industrials

12.9%
12.9%

Technology

11.5%
10.4%

Real Estate

8.3%
4.7%

Energy

7.6%
10.0%

Healthcare

6.3%
12.0%

Basic Materials

5.9%
4.7%

Consumer Defensive

5.5%
4.3%

Communication Services

3.5%
3.0%

Utilities

2.1%
3.4%

Financial Services

IJS
21.6%
SVAL
22.7%

Consumer Cyclical

IJS
15.0%
SVAL
11.8%

Industrials

IJS
12.9%
SVAL
12.9%

Technology

IJS
11.5%
SVAL
10.4%

Real Estate

IJS
8.3%
SVAL
4.7%

Energy

IJS
7.6%
SVAL
10.0%

Healthcare

IJS
6.3%
SVAL
12.0%

Basic Materials

IJS
5.9%
SVAL
4.7%

Consumer Defensive

IJS
5.5%
SVAL
4.3%

Communication Services

IJS
3.5%
SVAL
3.0%

Utilities

IJS
2.1%
SVAL
3.4%

Compare stocks, funds, or ETFs

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iShares S&P SmallCap 600 Value ETF

iShares US Small Cap Value Factor ETF

Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. ISCV
Often compared with SVAL:
SVAL vs. AVUVSVAL vs. XSVMSVAL vs. SPYVSVAL vs. SLYVSVAL vs. IWOSVAL vs. VDCSVAL vs. SCHD

Return for Risk

IJS vs. SVAL — 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
SVAL
SVAL Risk / Return Rank: 9292
Overall Rank
SVAL Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
SVAL Sortino Ratio Rank: 9393
Sortino Ratio Rank
SVAL Omega Ratio Rank: 9191
Omega Ratio Rank
SVAL Calmar Ratio Rank: 9393
Calmar Ratio Rank
SVAL Martin Ratio Rank: 9292
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. SVAL - 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 US Small Cap Value Factor ETF (SVAL). 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.

IJSSVALDifference
Sharpe ratioReturn per unit of total volatility
2.09
2.41

-0.32

Sortino ratioReturn per unit of downside risk
3.02
3.51

-0.49

Omega ratioGain probability vs. loss probability

1.37

1.42

-0.06

Calmar ratioReturn relative to maximum drawdown

3.99

4.59

-0.60

Martin ratioReturn relative to average drawdown

13.67

15.49

-1.82

IJS vs. SVAL - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 2.09, which is comparable to the SVAL Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of IJS and SVAL, 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. SVAL - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, which is greater than SVAL's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for IJS and SVAL.

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Drawdown Indicators

IJSSVALDifference

Max Drawdown

Largest peak-to-trough decline

-60.11%

-27.44%

-32.67%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-8.94%

-0.34%

Max Drawdown (3Y)

Largest decline over 3 years

-28.65%

-27.44%

-1.21%

Max Drawdown (5Y)

Largest decline over 5 years

-28.65%

-27.44%

-1.21%

Max Drawdown (10Y)

Largest decline over 10 years

-47.68%

—

—

Current Drawdown

Current decline from peak

-1.56%

-0.79%

-0.77%

Average Drawdown

Average peak-to-trough decline

-9.84%

-8.29%

-1.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

2.64%

+0.06%

Volatility

IJS vs. SVAL - Volatility Comparison

iShares S&P SmallCap 600 Value ETF (IJS) has a higher volatility of 3.53% compared to iShares US Small Cap Value Factor ETF (SVAL) at 3.19%. This indicates that IJS's price experiences larger fluctuations and is considered to be riskier than SVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJSSVALDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

3.19%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

11.13%

10.99%

+0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

17.74%

17.03%

+0.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.71%

22.01%

-0.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.54%

23.04%

+0.50%

IJS vs. SVAL - Expense Ratio Comparison

IJS has a 0.25% expense ratio, which is higher than SVAL's 0.20% 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. SVAL - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.32%, less than SVAL's 2.04% 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%
SVAL
iShares US Small Cap Value Factor ETF		2.04%2.33%1.82%2.25%2.09%2.33%0.28%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.93, IJS and SVAL 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 SVAL (3.19%). In terms of maximum drawdown, IJS dropped -60.11% vs SVAL's -27.44%.

On 5-year performance, SVAL leads with 9.86% vs 7.91% for IJS. On fees, SVAL is cheaper at 0.20% per year. On volatility, SVAL has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SVAL has performed better with a 9.86% return vs 7.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SVAL is cheaper with a 0.20% expense ratio, compared with 0.25% for IJS.

SVAL has the higher dividend yield at 2.04%, compared with 1.32% for IJS.

IJS tracks S&P SmallCap 600 Value Index, while SVAL tracks Russell 2000 Focused Value Select Index. Their fees differ too: 0.25% for IJS and 0.20% for SVAL.

SVAL currently has the higher Sharpe Ratio (2.41 vs 2.09), 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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