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IJS vs. VIOV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJS vs. VIOV

Last updated Jun 23, 2026

IJS (iShares S&P SmallCap 600 Value ETF) and VIOV (Vanguard S&P Small-Cap 600 Value ETF) are both Small Cap Value Equities funds tracking the S&P SmallCap 600 Value Index, from iShares and Vanguard respectively. Both are passively managed. Over the past 10 years, IJS returned 10.51%/yr vs 10.69%/yr for VIOV. Their correlation of 0.94 suggests significant overlap in exposure. IJS charges 0.25%/yr vs 0.10%/yr for VIOV.

Performance

IJS vs. VIOV - 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 S&P Small-Cap 600 Value ETF (VIOV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with IJS having a 17.64% return and VIOV slightly higher at 17.84%. Both investments have delivered pretty close results over the past 10 years, with IJS having a 10.51% annualized return and VIOV not far ahead at 10.69%.

IJS

1D
-0.23%
1M
3.17%
YTD
17.64%
6M
15.52%
1Y
39.39%
3Y*
15.42%
5Y*
6.48%
10Y*
10.51%

VIOV

1D
-0.11%
1M
3.21%
YTD
17.84%
6M
15.63%
1Y
39.61%
3Y*
15.67%
5Y*
6.67%
10Y*
10.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJS vs. VIOV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJS
iShares S&P SmallCap 600 Value ETF		17.64%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%
VIOV
Vanguard S&P Small-Cap 600 Value ETF		17.84%6.63%7.44%15.36%-11.37%30.67%2.81%24.44%-12.85%11.54%

Correlation

The correlation between IJS and VIOV is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

0.99

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.94

The correlation between IJS and VIOV has been stable across timeframes, ranging from 0.94 to 1.00 - a consistent structural relationship.

IJS vs. VIOV - Sectors Allocation Comparison

Sectors
IJS
VIOV

Financial Services

19.4%
19.5%

Consumer Cyclical

15.4%
15.4%

Technology

13.4%
13.5%

Industrials

11.6%
11.6%

Real Estate

8.6%
8.6%

Healthcare

7.3%
7.3%

Energy

7.0%
7.0%

Basic Materials

6.9%
6.7%

Communication Services

4.4%
4.4%

Consumer Defensive

3.9%
3.9%

Utilities

2.1%
2.1%

Financial Services

IJS
19.4%
VIOV
19.5%

Consumer Cyclical

IJS
15.4%
VIOV
15.4%

Technology

IJS
13.4%
VIOV
13.5%

Industrials

IJS
11.6%
VIOV
11.6%

Real Estate

IJS
8.6%
VIOV
8.6%

Healthcare

IJS
7.3%
VIOV
7.3%

Energy

IJS
7.0%
VIOV
7.0%

Basic Materials

IJS
6.9%
VIOV
6.7%

Communication Services

IJS
4.4%
VIOV
4.4%

Consumer Defensive

IJS
3.9%
VIOV
3.9%

Utilities

IJS
2.1%
VIOV
2.1%

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 S&P Small-Cap 600 Value ETF

Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. IWNIJS vs. VOOIJS vs. ISCVIJS vs. IWM
Often compared with VIOV:
VIOV vs. AVUVVIOV vs. VBRVIOV vs. VIOOVIOV vs. VIOGVIOV vs. VSIAXVIOV vs. SLYVVIOV vs. VTWV

Return for Risk

IJS vs. VIOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJS
IJS Risk / Return Rank: 7272
Overall Rank
IJS Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 7171
Sortino Ratio Rank
IJS Omega Ratio Rank: 6363
Omega Ratio Rank
IJS Calmar Ratio Rank: 8383
Calmar Ratio Rank
IJS Martin Ratio Rank: 7676
Martin Ratio Rank
VIOV
VIOV Risk / Return Rank: 7272
Overall Rank
VIOV Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
VIOV Sortino Ratio Rank: 7171
Sortino Ratio Rank
VIOV Omega Ratio Rank: 6363
Omega Ratio Rank
VIOV Calmar Ratio Rank: 8383
Calmar Ratio Rank
VIOV Martin Ratio Rank: 7676
Martin Ratio Rank
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. VIOV - 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 S&P Small-Cap 600 Value ETF (VIOV). 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.

IJSVIOVDifference
Sharpe ratioReturn per unit of total volatility
2.16
2.16

0.00

Sortino ratioReturn per unit of downside risk
3.07
3.07

-0.01

Omega ratioGain probability vs. loss probability

1.37

1.37

0.00

Calmar ratioReturn relative to maximum drawdown

4.26

4.27

0.00

Martin ratioReturn relative to average drawdown

14.04

13.99

+0.05

IJS vs. VIOV - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 2.16, which is comparable to the VIOV Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of IJS and VIOV, 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. VIOV - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, which is greater than VIOV's maximum drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for IJS and VIOV.

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Drawdown Indicators

IJSVIOVDifference

Max Drawdown

Largest peak-to-trough decline

-60.11%

-47.36%

-12.75%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-9.33%

+0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-28.65%

-28.44%

-0.21%

Max Drawdown (5Y)

Largest decline over 5 years

-28.65%

-28.44%

-0.21%

Max Drawdown (10Y)

Largest decline over 10 years

-47.68%

-47.36%

-0.32%

Current Drawdown

Current decline from peak

-1.42%

-1.32%

-0.10%

Average Drawdown

Average peak-to-trough decline

-9.87%

-7.36%

-2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.81%

2.84%

-0.03%

Volatility

IJS vs. VIOV - Volatility Comparison

iShares S&P SmallCap 600 Value ETF (IJS) and Vanguard S&P Small-Cap 600 Value ETF (VIOV) have volatilities of 4.84% and 4.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJSVIOVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.84%

4.73%

+0.11%

Volatility (6M)

Calculated over the trailing 6-month period

11.82%

11.81%

+0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

18.38%

18.48%

-0.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.94%

21.90%

+0.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.62%

23.91%

-0.29%

IJS vs. VIOV - Expense Ratio Comparison

IJS has a 0.25% expense ratio, which is higher than VIOV's 0.10% 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. VIOV - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.35%, less than VIOV's 1.56% yield.

PositionTTM20252024202320222021202020192018201720162015
IJS
iShares S&P SmallCap 600 Value ETF		1.35%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%
VIOV
Vanguard S&P Small-Cap 600 Value ETF		1.56%1.69%1.78%2.18%1.81%1.59%1.42%1.60%1.76%1.43%1.17%1.32%

Frequently Asked Questions

With a correlation of 0.99, IJS and VIOV 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 (4.84%) compared to VIOV (4.73%). In terms of maximum drawdown, IJS dropped -60.11% vs VIOV's -47.36%.

On 10-year performance, VIOV leads with 10.69% vs 10.51% for IJS. On fees, VIOV is cheaper at 0.10% per year. On volatility, VIOV has been the lower-risk option at 4.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VIOV has performed better with a 10.69% return vs 10.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VIOV is cheaper with a 0.10% expense ratio, compared with 0.25% for IJS.

VIOV has the higher dividend yield at 1.56%, compared with 1.35% for IJS.

Both ETFs track S&P SmallCap 600 Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for IJS and 0.10% for VIOV.

VIOV currently has the higher Sharpe Ratio (2.16 vs 2.16), 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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