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IJS vs. VEU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJS vs. VEU

Last updated Aug 4, 2026
Documentation

IJS (iShares S&P SmallCap 600 Value ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both exchange-traded funds - IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while VEU is a Foreign Large Cap Equities fund tracking the FTSE All-World ex US Index. Both are passively managed. Over the past 10 years, IJS returned 10.13%/yr vs 9.63%/yr for VEU. Their 0.72 correlation means they have sometimes moved together and sometimes differently. IJS charges 0.25%/yr vs 0.04%/yr for VEU.

Performance

IJS vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P SmallCap 600 Value ETF (IJS) and Vanguard FTSE All-World ex-US ETF (VEU). 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 22.21% return, which is significantly higher than VEU's 13.83% return. Both investments have delivered pretty close results over the past 10 years, with IJS having a 10.13% annualized return and VEU not far behind at 9.63%.

IJS

1D
1.63%
1M
2.02%
6M
13.63%
YTD
22.21%
1Y
41.71%
3Y*
13.61%
5Y*
8.71%
10Y*
10.13%
ALL TIME*
10.00%

VEU

1D
0.45%
1M
0.29%
6M
7.13%
YTD
13.83%
1Y
28.98%
3Y*
18.48%
5Y*
9.01%
10Y*
9.63%
ALL TIME*
5.48%
*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
$28.67M$28.65M$50.11M

VEU

Vanguard FTSE All-World ex-US ETF
$232.81M$239.63M$222.48M

IJS vs. VEU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJS
iShares S&P SmallCap 600 Value ETF		22.21%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%
VEU
Vanguard FTSE All-World ex-US ETF		13.83%32.35%5.56%15.84%-15.58%8.27%11.10%21.83%-14.18%27.40%

Correlation

The correlation between IJS and VEU is 0.62, 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.

0.62

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

0.65

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

0.69

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

0.66

Correlation (All Time)
Calculated using the full available price history since Mar 8, 2007

0.72

The correlation between IJS and VEU shifts across timeframes, from 0.62 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

IJS vs. VEU - Sectors Allocation Comparison

Sectors
IJS
VEU

Financial Services

21.6%
23.1%

Consumer Cyclical

15.0%
7.6%

Industrials

12.9%
14.7%

Technology

11.5%
23.2%

Real Estate

8.3%
1.8%

Energy

7.6%
4.3%

Healthcare

6.3%
6.8%

Basic Materials

5.9%
6.5%

Consumer Defensive

5.5%
4.9%

Communication Services

3.5%
4.2%

Utilities

2.1%
3.0%

Financial Services

IJS
21.6%
VEU
23.1%

Consumer Cyclical

IJS
15.0%
VEU
7.6%

Industrials

IJS
12.9%
VEU
14.7%

Technology

IJS
11.5%
VEU
23.2%

Real Estate

IJS
8.3%
VEU
1.8%

Energy

IJS
7.6%
VEU
4.3%

Healthcare

IJS
6.3%
VEU
6.8%

Basic Materials

IJS
5.9%
VEU
6.5%

Consumer Defensive

IJS
5.5%
VEU
4.9%

Communication Services

IJS
3.5%
VEU
4.2%

Utilities

IJS
2.1%
VEU
3.0%

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

Vanguard FTSE All-World ex-US ETF

Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. ISCV
Often compared with VEU:
VEU vs. VXUSVEU vs. VEAVEU vs. VOOVEU vs. VGKVEU vs. SPYVEU vs. ACWXVEU vs. VTI

Return for Risk

IJS vs. VEU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IJS
IJS Risk / Return Rank: 9191
Overall Rank
IJS Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 9292
Sortino Ratio Rank
IJS Omega Ratio Rank: 8989
Omega Ratio Rank
IJS Calmar Ratio Rank: 9393
Calmar Ratio Rank
IJS Martin Ratio Rank: 9191
Martin Ratio Rank
VEU
VEU Risk / Return Rank: 7373
Overall Rank
VEU Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
VEU Sortino Ratio Rank: 7373
Sortino Ratio Rank
VEU Omega Ratio Rank: 7575
Omega Ratio Rank
VEU Calmar Ratio Rank: 7272
Calmar Ratio Rank
VEU Martin Ratio Rank: 7474
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. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) and Vanguard FTSE All-World ex-US ETF (VEU). 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.

IJSVEUDifference
Sharpe ratioReturn per unit of total volatility
2.37
1.72

+0.66

Sortino ratioReturn per unit of downside risk
3.39
2.38

+1.01

Omega ratioGain probability vs. loss probability

1.41

1.32

+0.10

Calmar ratioReturn relative to maximum drawdown

4.51

2.55

+1.97

Martin ratioReturn relative to average drawdown

15.48

9.31

+6.17

IJS vs. VEU - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 2.37, which is higher than the VEU Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of IJS and VEU, 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. VEU - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, roughly equal to the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for IJS and VEU.

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Drawdown Indicators

IJSVEUDifference

Max Drawdown

Largest peak-to-trough decline

-60.11%

-61.52%

+1.41%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-11.43%

+2.15%

Max Drawdown (3Y)

Largest decline over 3 years

-28.65%

-13.69%

-14.96%

Max Drawdown (5Y)

Largest decline over 5 years

-28.65%

-29.14%

+0.49%

Max Drawdown (10Y)

Largest decline over 10 years

-47.68%

-34.98%

-12.70%

Current Drawdown

Current decline from peak

0.00%

-2.36%

+2.36%

Average Drawdown

Average peak-to-trough decline

-9.84%

-13.04%

+3.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

3.12%

-0.42%

Volatility

IJS vs. VEU - Volatility Comparison

The current volatility for iShares S&P SmallCap 600 Value ETF (IJS) is 3.79%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 5.32%. This indicates that IJS experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJSVEUDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

5.32%

-1.53%

Volatility (6M)

Calculated over the trailing 6-month period

11.23%

15.02%

-3.79%

Volatility (1Y)

Calculated over the trailing 1-year period

17.68%

16.96%

+0.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.73%

16.37%

+5.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.55%

17.08%

+6.47%

IJS vs. VEU - Expense Ratio Comparison

IJS has a 0.25% expense ratio, which is higher than VEU's 0.04% 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. VEU - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.30%, less than VEU's 2.54% yield.

PositionTTM20252024202320222021202020192018201720162015
IJS
iShares S&P SmallCap 600 Value ETF		1.30%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%
VEU
Vanguard FTSE All-World ex-US ETF		2.54%3.09%3.24%3.32%3.12%3.08%2.00%3.10%3.27%2.66%2.96%2.95%

Frequently Asked Questions

IJS and VEU have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VEU has higher volatility (5.32%) compared to IJS (3.79%). In terms of maximum drawdown, IJS dropped -60.11% vs VEU's -61.52%.

On 10-year performance, IJS leads with 10.13% vs 9.63% for VEU. On fees, VEU is cheaper at 0.04% per year. On volatility, IJS has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IJS has performed better with a 10.13% return vs 9.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VEU is cheaper with a 0.04% expense ratio, compared with 0.25% for IJS.

VEU has the higher dividend yield at 2.54%, compared with 1.30% for IJS.

IJS is categorized as Small Cap Value Equities, while VEU is Foreign Large Cap Equities. IJS tracks S&P SmallCap 600 Value Index, while VEU tracks FTSE All-World ex US Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for IJS and 0.04% for VEU.

IJS currently has the higher Sharpe Ratio (2.37 vs 1.72), 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.

Portfolio Optimizer

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