IJT vs. PCGRX
IJT (iShares S&P SmallCap 600 Growth ETF) and PCGRX (Pioneer Mid Cap Value Fund) are both funds - IJT is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Growth Index, while PCGRX is a Mid Cap Value Equities fund managed by Amundi. Over the past 10 years, IJT returned 11.60%/yr vs 10.07%/yr for PCGRX. Their correlation of 0.88 suggests significant overlap in exposure. IJT charges 0.18%/yr vs 1.05%/yr for PCGRX.
Performance
IJT vs. PCGRX - Performance Comparison
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Returns By Period
In the year-to-date period, IJT achieves a 21.22% return, which is significantly higher than PCGRX's 15.05% return. Over the past 10 years, IJT has outperformed PCGRX with an annualized return of 11.60%, while PCGRX has yielded a comparatively lower 10.07% annualized return.
IJT
- 1D
- -0.43%
- 1M
- 5.51%
- YTD
- 21.22%
- 6M
- 17.80%
- 1Y
- 31.64%
- 3Y*
- 16.70%
- 5Y*
- 6.16%
- 10Y*
- 11.60%
PCGRX
- 1D
- 0.32%
- 1M
- 3.46%
- YTD
- 15.05%
- 6M
- 14.06%
- 1Y
- 27.85%
- 3Y*
- 16.07%
- 5Y*
- 10.19%
- 10Y*
- 10.07%
IJT vs. PCGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJT iShares S&P SmallCap 600 Growth ETF | 21.22% | 5.26% | 9.33% | 17.11% | -21.32% | 22.37% | 19.22% | 20.98% | -4.40% | 14.47% |
PCGRX Pioneer Mid Cap Value Fund | 15.05% | 10.84% | 10.44% | 12.38% | -5.85% | 28.94% | 1.81% | 28.04% | -19.52% | 12.89% |
Correlation
The correlation between IJT and PCGRX is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2000 | 0.88 |
The correlation between IJT and PCGRX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
IJT vs. PCGRX — Risk / Return Rank
IJT
PCGRX
IJT vs. PCGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Growth ETF (IJT) and Pioneer Mid Cap Value Fund (PCGRX). 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.
| IJT | PCGRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.64 | -0.14 |
| Martin ratioReturn relative to average drawdown | 12.23 | 12.88 | -0.65 |
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Drawdowns
IJT vs. PCGRX - Drawdown Comparison
The maximum IJT drawdown since its inception was -57.61%, which is greater than PCGRX's maximum drawdown of -53.63%. Use the drawdown chart below to compare losses from any high point for IJT and PCGRX.
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Drawdown Indicators
| IJT | PCGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.61% | -53.63% | -3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.08% | -7.99% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -27.41% | -20.29% | -7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -29.24% | -20.29% | -8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -42.03% | -42.30% | +0.27% |
Current DrawdownCurrent decline from peak | -0.43% | -0.32% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -10.29% | -7.51% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.25% | +0.34% |
Volatility
IJT vs. PCGRX - Volatility Comparison
iShares S&P SmallCap 600 Growth ETF (IJT) has a higher volatility of 5.32% compared to Pioneer Mid Cap Value Fund (PCGRX) at 3.57%. This indicates that IJT's price experiences larger fluctuations and is considered to be riskier than PCGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJT | PCGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 3.57% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 9.70% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 13.52% | +4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.55% | 17.58% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 19.54% | +3.48% |
IJT vs. PCGRX - Expense Ratio Comparison
IJT has a 0.18% expense ratio, which is lower than PCGRX's 1.05% expense ratio.
Dividends
IJT vs. PCGRX - Dividend Comparison
IJT's dividend yield for the trailing twelve months is around 0.71%, less than PCGRX's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJT iShares S&P SmallCap 600 Growth ETF | 0.71% | 0.91% | 1.06% | 1.02% | 1.08% | 0.63% | 0.68% | 0.92% | 0.92% | 0.86% | 1.03% | 1.14% |
PCGRX Pioneer Mid Cap Value Fund | 6.25% | 7.19% | 9.50% | 6.92% | 12.41% | 14.24% | 0.71% | 1.08% | 12.40% | 8.35% | 6.59% | 10.48% |
Frequently Asked Questions
IJT and PCGRX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IJT has higher volatility (5.32%) compared to PCGRX (3.57%). In terms of maximum drawdown, IJT dropped -57.61% vs PCGRX's -53.63%.
PCGRX currently has the higher Sharpe Ratio (2.16 vs 1.78), 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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