IJS vs. TY

Last updated Jun 4, 2026

IJS (iShares S&P SmallCap 600 Value ETF) is Small Cap Value Equities fund tracking the S&P SmallCap 600/Citigroup Value Index, while TY (Tri-Continental Corporation) is a stock. Over the past 10 years, IJS returned 10.07%/yr vs 14.29%/yr for TY. A 0.76 correlation means they provide meaningful diversification when combined.

Performance

IJS vs. TY - Performance Comparison

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

Returns By Period

In the year-to-date period, IJS achieves a 15.13% return, which is significantly higher than TY's 8.72% return. Over the past 10 years, IJS has underperformed TY with an annualized return of 10.07%, while TY has yielded a comparatively higher 14.29% annualized return.

IJS

• 1D: -1.22%
• 1M: 2.29%
• YTD: 15.13%
• 6M: 14.62%
• 1Y: 36.88%
• 3Y*: 14.01%
• 5Y*: 5.55%
• 10Y*: 10.07%

TY

• 1D: -0.45%
• 1M: 3.35%
• YTD: 8.72%
• 6M: 9.99%
• 1Y: 26.20%
• 3Y*: 20.03%
• 5Y*: 10.79%
• 10Y*: 14.29%

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

IJS vs. TY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJS iShares S&P SmallCap 600 Value ETF	15.13%	6.54%	7.33%	14.68%	-11.34%	30.53%	2.63%	24.11%	-12.86%	11.35%
TY Tri-Continental Corporation	8.72%	16.12%	22.01%	17.86%	-16.32%	29.45%	12.38%	28.60%	-5.84%	28.47%

Correlation

The correlation between IJS and TY is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jul 31, 2000	0.76

The correlation between IJS and TY has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.

Return for Risk

IJS vs. TY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IJS

IJS Risk / Return Rank: 64
IJS Sharpe Ratio Rank: 59
IJS Sortino Ratio Rank: 61
IJS Omega Ratio Rank: 56
IJS Calmar Ratio Rank: 77
IJS Martin Ratio Rank: 69

TY

TY Risk / Return Rank: 92
TY Sharpe Ratio Rank: 93
TY Sortino Ratio Rank: 94
TY Omega Ratio Rank: 93
TY Calmar Ratio Rank: 87
TY Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJS vs. TY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) and Tri-Continental Corporation (TY). 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.

	IJS	TY	Difference
Sharpe ratio Return per unit of total volatility	2.03	2.74	-0.71
Sortino ratio Return per unit of downside risk	2.91	3.84	-0.93
Omega ratio Gain probability vs. loss probability	1.35	1.52	-0.16
Calmar ratio Return relative to maximum drawdown	3.99	3.88	+0.11
Martin ratio Return relative to average drawdown	13.05	16.60	-3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJS vs. TY - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 2.03, which is comparable to the TY Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of IJS and TY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IJS	TY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	2.74	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.76	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.87	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.33	+0.07

Drawdowns

IJS vs. TY - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, smaller than the maximum TY drawdown of -67.71%. Use the drawdown chart below to compare losses from any high point for IJS and TY.

Drawdown Indicators

	IJS	TY	Difference
Max Drawdown Largest peak-to-trough decline	-60.11%	-67.71%	+7.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-6.79%	-2.49%
Max Drawdown (3Y) Largest decline over 3 years	-28.65%	-16.09%	-12.56%
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	-20.78%	-7.87%
Max Drawdown (10Y) Largest decline over 10 years	-47.68%	-38.57%	-9.11%
Current Drawdown Current decline from peak	-1.22%	-0.45%	-0.77%
Average Drawdown Average peak-to-trough decline	-9.89%	-15.61%	+5.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	1.58%	+1.25%

Volatility

IJS vs. TY - Volatility Comparison

iShares S&P SmallCap 600 Value ETF (IJS) has a higher volatility of 4.42% compared to Tri-Continental Corporation (TY) at 1.74%. This indicates that IJS's price experiences larger fluctuations and is considered to be riskier than TY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJS	TY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	1.74%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	11.52%	7.50%	+4.02%
Volatility (1Y) Calculated over the trailing 1-year period	18.31%	9.61%	+8.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.98%	14.20%	+7.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.60%	16.51%	+7.09%

Dividends

IJS vs. TY - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.29%, less than TY's 11.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJS iShares S&P SmallCap 600 Value ETF	1.29%	1.62%	1.78%	1.42%	1.46%	1.52%	1.00%	1.66%	1.75%	1.41%	1.22%	1.59%
TY Tri-Continental Corporation	11.13%	11.97%	10.61%	4.36%	8.71%	14.13%	6.25%	6.86%	8.13%	4.69%	4.12%	4.05%

Frequently Asked Questions

Can I hold both IJS and TY in my portfolio?

IJS and TY have a correlation of 0.66, 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 TY?

IJS has higher volatility (4.42%) compared to TY (1.74%). In terms of maximum drawdown, IJS dropped -60.11% vs TY's -67.71%.

Which has better risk-adjusted returns?

TY currently has the higher Sharpe Ratio (2.74 vs 2.03), 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.