IJT vs. JPSE

Last updated Jun 5, 2026

IJT (iShares S&P SmallCap 600 Growth ETF) and JPSE (JPMorgan Diversified Return U.S. Small Cap Equity ETF) are both Small Cap Growth Equities funds - IJT tracks the S&P SmallCap 600 Growth Index while JPSE tracks the JPMorgan Diversified Factor US Small Cap Equity Index. Both are passively managed. Over the past 5 years, IJT returned 5.70%/yr vs 7.32%/yr for JPSE. With a 0.95 correlation, they move nearly in lockstep. IJT charges 0.18%/yr vs 0.29%/yr for JPSE.

Performance

IJT vs. JPSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P SmallCap 600 Growth ETF (IJT) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IJT having a 16.88% return and JPSE slightly lower at 16.81%.

IJT

• 1D: 1.31%
• 1M: 0.60%
• YTD: 16.88%
• 6M: 15.02%
• 1Y: 28.27%
• 3Y*: 15.66%
• 5Y*: 5.70%
• 10Y*: 10.78%

JPSE

• 1D: 1.17%
• 1M: 0.56%
• YTD: 16.81%
• 6M: 15.74%
• 1Y: 33.75%
• 3Y*: 16.33%
• 5Y*: 7.32%
• 10Y*: —

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

IJT vs. JPSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJT iShares S&P SmallCap 600 Growth ETF	16.88%	5.26%	9.33%	17.11%	-21.32%	22.37%	19.22%	20.98%	-4.40%	14.47%
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF	16.81%	8.77%	8.07%	15.87%	-14.40%	29.31%	12.49%	22.95%	-8.61%	14.38%

Correlation

The correlation between IJT and JPSE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 18, 2016	0.95

The correlation between IJT and JPSE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

IJT vs. JPSE - Sectors Allocation Comparison

Sectors	IJT	JPSE
Technology	20.1%	14.6%
Industrials	20.0%	11.7%
Healthcare	14.5%	9.0%
Financial Services	13.6%	9.7%
Consumer Cyclical	9.8%	7.9%
Real Estate	6.3%	13.1%
Energy	4.9%	8.9%
Basic Materials	2.8%	9.6%
Consumer Defensive	2.8%	8.1%
Communication Services	2.7%	2.7%
Utilities	1.9%	4.8%

Return for Risk

IJT vs. JPSE — Risk / Return Rank

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

IJT

IJT Risk / Return Rank: 54
IJT Sharpe Ratio Rank: 47
IJT Sortino Ratio Rank: 50
IJT Omega Ratio Rank: 45
IJT Calmar Ratio Rank: 64
IJT Martin Ratio Rank: 61

JPSE

JPSE Risk / Return Rank: 71
JPSE Sharpe Ratio Rank: 65
JPSE Sortino Ratio Rank: 67
JPSE Omega Ratio Rank: 61
JPSE Calmar Ratio Rank: 82
JPSE Martin Ratio Rank: 79

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.

IJT vs. JPSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Growth ETF (IJT) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE). 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.

	IJT	JPSE	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.12	-0.50
Sortino ratio: Return per unit of downside risk	2.38	3.04	-0.66
Omega ratio: Gain probability vs. loss probability	1.28	1.36	-0.08
Calmar ratio: Return relative to maximum drawdown	3.13	4.24	-1.11
Martin ratio: Return relative to average drawdown	10.85	15.08	-4.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJT vs. JPSE - Sharpe Ratio Comparison

The current IJT Sharpe Ratio is 1.62, which is comparable to the JPSE Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of IJT and JPSE, 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

	IJT	JPSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	2.12	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.37	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.49	-0.10

Drawdowns

IJT vs. JPSE - Drawdown Comparison

The maximum IJT drawdown since its inception was -57.61%, which is greater than JPSE's maximum drawdown of -43.02%. Use the drawdown chart below to compare losses from any high point for IJT and JPSE.

Drawdown Indicators

	IJT	JPSE	Difference
Max Drawdown Largest peak-to-trough decline	-57.61%	-43.02%	-14.59%
Max Drawdown (1Y) Largest decline over 1 year	-9.08%	-8.00%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-27.41%	-25.49%	-1.92%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-25.56%	-3.68%
Max Drawdown (10Y) Largest decline over 10 years	-42.03%	—	—
Current Drawdown Current decline from peak	-0.19%	-0.21%	+0.02%
Average Drawdown Average peak-to-trough decline	-10.31%	-7.42%	-2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.24%	+0.37%

Volatility

IJT vs. JPSE - Volatility Comparison

iShares S&P SmallCap 600 Growth ETF (IJT) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) have volatilities of 4.49% and 4.40%, 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.

Volatility by Period

	IJT	JPSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	4.40%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	12.53%	10.95%	+1.58%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	16.00%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.50%	20.08%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	21.81%	+1.21%

IJT vs. JPSE - Expense Ratio Comparison

IJT has a 0.18% expense ratio, which is lower than JPSE's 0.29% expense ratio.

Dividends

IJT vs. JPSE - Dividend Comparison

IJT's dividend yield for the trailing twelve months is around 0.76%, less than JPSE's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJT iShares S&P SmallCap 600 Growth ETF	0.76%	0.91%	1.06%	1.02%	1.08%	0.63%	0.68%	0.92%	0.92%	0.86%	1.03%	1.14%
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF	1.36%	1.62%	1.66%	1.76%	1.55%	1.24%	1.32%	1.23%	1.18%	0.74%	0.14%	0.00%

Frequently Asked Questions

Can I hold both IJT and JPSE in my portfolio?

With a correlation of 0.94, IJT and JPSE 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.

Which is riskier, IJT or JPSE?

IJT has higher volatility (4.49%) compared to JPSE (4.40%). In terms of maximum drawdown, IJT dropped -57.61% vs JPSE's -43.02%.

Which ETF is better, IJT or JPSE?

On 5-year performance, JPSE leads with 7.32% vs 5.70% for IJT. On fees, IJT is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IJT or JPSE?

Over the 5-year period, JPSE has performed better with a 7.32% return vs 5.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IJT or JPSE?

IJT is cheaper with a 0.18% expense ratio, compared with 0.29% for JPSE.

Which ETF pays a higher dividend yield, IJT or JPSE?

JPSE has the higher dividend yield at 1.36%, compared with 0.76% for IJT.

What is the main difference between IJT and JPSE?

IJT tracks S&P SmallCap 600 Growth Index, while JPSE tracks JPMorgan Diversified Factor US Small Cap Equity Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.18% for IJT and 0.29% for JPSE.

Which has better risk-adjusted returns?

JPSE currently has the higher Sharpe Ratio (2.12 vs 1.62), 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.