IJT vs. PCGRX

Last updated Jun 4, 2026

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 10.74%/yr vs 9.60%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P SmallCap 600 Growth ETF (IJT) and Pioneer Mid Cap Value Fund (PCGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJT achieves a 15.36% return, which is significantly higher than PCGRX's 13.06% return. Over the past 10 years, IJT has outperformed PCGRX with an annualized return of 10.74%, while PCGRX has yielded a comparatively lower 9.60% annualized return.

IJT

• 1D: -0.58%
• 1M: 0.97%
• YTD: 15.36%
• 6M: 13.60%
• 1Y: 26.21%
• 3Y*: 14.39%
• 5Y*: 5.43%
• 10Y*: 10.74%

PCGRX

• 1D: 0.85%
• 1M: 2.82%
• YTD: 13.06%
• 6M: 14.01%
• 1Y: 28.05%
• 3Y*: 15.69%
• 5Y*: 9.12%
• 10Y*: 9.60%

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

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	15.36%	5.26%	9.33%	17.11%	-21.32%	22.37%	19.22%	20.98%	-4.40%	14.47%
PCGRX Pioneer Mid Cap Value Fund	13.06%	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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.85
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 31, 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.

Return for Risk

IJT vs. PCGRX — Risk / Return Rank

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

IJT

IJT Risk / Return Rank: 48
IJT Sharpe Ratio Rank: 42
IJT Sortino Ratio Rank: 44
IJT Omega Ratio Rank: 40
IJT Calmar Ratio Rank: 58
IJT Martin Ratio Rank: 57

PCGRX

PCGRX Risk / Return Rank: 61
PCGRX Sharpe Ratio Rank: 54
PCGRX Sortino Ratio Rank: 55
PCGRX Omega Ratio Rank: 49
PCGRX Calmar Ratio Rank: 80
PCGRX Martin Ratio Rank: 66

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. 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.

	IJT	PCGRX	Difference
Sharpe ratio Return per unit of total volatility	1.50	2.17	-0.67
Sortino ratio Return per unit of downside risk	2.23	3.13	-0.89
Omega ratio Gain probability vs. loss probability	1.26	1.38	-0.12
Calmar ratio Return relative to maximum drawdown	2.90	3.64	-0.74
Martin ratio Return relative to average drawdown	10.06	12.88	-2.82
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. PCGRX - Sharpe Ratio Comparison

The current IJT Sharpe Ratio is 1.50, which is lower than the PCGRX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of IJT and PCGRX, 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	PCGRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	2.17	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.52	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.49	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.56	-0.17

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.

Drawdown Indicators

	IJT	PCGRX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-1.48%	0.00%	-1.48%
Average Drawdown Average peak-to-trough decline	-10.31%	-7.53%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.25%	+0.36%

Volatility

IJT vs. PCGRX - Volatility Comparison

iShares S&P SmallCap 600 Growth ETF (IJT) has a higher volatility of 4.61% compared to Pioneer Mid Cap Value Fund (PCGRX) at 3.19%. 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.

Volatility by Period

	IJT	PCGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	3.19%	+1.42%
Volatility (6M) Calculated over the trailing 6-month period	12.47%	9.54%	+2.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.56%	13.37%	+4.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.50%	17.62%	+3.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	19.52%	+3.50%

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 0.77%, less than PCGRX's 6.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJT iShares S&P SmallCap 600 Growth ETF	0.77%	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	6.36%	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

Can I hold both IJT and PCGRX in my portfolio?

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.

Which is riskier, IJT or PCGRX?

IJT has higher volatility (4.61%) compared to PCGRX (3.19%). In terms of maximum drawdown, IJT dropped -57.61% vs PCGRX's -53.63%.

Which has better risk-adjusted returns?

PCGRX currently has the higher Sharpe Ratio (2.17 vs 1.50), 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.