IJT vs. PGOFX

Last updated Jun 5, 2026

IJT (iShares S&P SmallCap 600 Growth ETF) and PGOFX (Pioneer Select Mid Cap Growth Fund) are both funds - IJT is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Growth Index, while PGOFX is a Mid Cap Growth Equities fund managed by Amundi. Over the past 10 years, IJT returned 10.78%/yr vs 14.21%/yr for PGOFX. Their correlation of 0.85 suggests significant overlap in exposure. IJT charges 0.18%/yr vs 0.99%/yr for PGOFX.

Performance

IJT vs. PGOFX - 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 Select Mid Cap Growth Fund (PGOFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJT achieves a 16.88% return, which is significantly lower than PGOFX's 22.77% return. Over the past 10 years, IJT has underperformed PGOFX with an annualized return of 10.78%, while PGOFX has yielded a comparatively higher 14.21% annualized return.

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%

PGOFX

• 1D: -0.33%
• 1M: 7.93%
• YTD: 22.77%
• 6M: 19.37%
• 1Y: 38.34%
• 3Y*: 25.95%
• 5Y*: 9.32%
• 10Y*: 14.21%

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

IJT vs. PGOFX - 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%
PGOFX Pioneer Select Mid Cap Growth Fund	22.77%	20.66%	23.84%	18.66%	-31.26%	8.06%	38.86%	32.73%	-5.77%	29.88%

Correlation

The correlation between IJT and PGOFX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jul 31, 2000	0.85

The correlation between IJT and PGOFX shifts across timeframes, from 0.74 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IJT vs. PGOFX — 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

PGOFX

PGOFX Risk / Return Rank: 58
PGOFX Sharpe Ratio Rank: 48
PGOFX Sortino Ratio Rank: 42
PGOFX Omega Ratio Rank: 39
PGOFX Calmar Ratio Rank: 82
PGOFX Martin Ratio Rank: 81

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. PGOFX - 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 Select Mid Cap Growth Fund (PGOFX). 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	PGOFX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.01	-0.39
Sortino ratio: Return per unit of downside risk	2.38	2.70	-0.31
Omega ratio: Gain probability vs. loss probability	1.28	1.33	-0.05
Calmar ratio: Return relative to maximum drawdown	3.13	3.75	-0.62
Martin ratio: Return relative to average drawdown	10.85	14.91	-4.06
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. PGOFX - Sharpe Ratio Comparison

The current IJT Sharpe Ratio is 1.62, which is comparable to the PGOFX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of IJT and PGOFX, 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	PGOFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	2.01	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.40	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.62	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.46	-0.06

Drawdowns

IJT vs. PGOFX - Drawdown Comparison

The maximum IJT drawdown since its inception was -57.61%, smaller than the maximum PGOFX drawdown of -62.17%. Use the drawdown chart below to compare losses from any high point for IJT and PGOFX.

Drawdown Indicators

	IJT	PGOFX	Difference
Max Drawdown Largest peak-to-trough decline	-57.61%	-62.17%	+4.56%
Max Drawdown (1Y) Largest decline over 1 year	-9.08%	-10.45%	+1.37%
Max Drawdown (3Y) Largest decline over 3 years	-27.41%	-28.15%	+0.74%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-39.78%	+10.54%
Max Drawdown (10Y) Largest decline over 10 years	-42.03%	-39.78%	-2.25%
Current Drawdown Current decline from peak	-0.19%	-0.33%	+0.14%
Average Drawdown Average peak-to-trough decline	-10.31%	-11.70%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.62%	-0.01%

Volatility

IJT vs. PGOFX - Volatility Comparison

The current volatility for iShares S&P SmallCap 600 Growth ETF (IJT) is 4.49%, while Pioneer Select Mid Cap Growth Fund (PGOFX) has a volatility of 5.80%. This indicates that IJT experiences smaller price fluctuations and is considered to be less risky than PGOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJT	PGOFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	5.80%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	12.53%	14.86%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	19.51%	-1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.50%	23.56%	-2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	23.05%	-0.03%

IJT vs. PGOFX - Expense Ratio Comparison

IJT has a 0.18% expense ratio, which is lower than PGOFX's 0.99% expense ratio.

Dividends

IJT vs. PGOFX - Dividend Comparison

IJT's dividend yield for the trailing twelve months is around 0.76%, less than PGOFX's 13.53% 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%
PGOFX Pioneer Select Mid Cap Growth Fund	13.53%	16.61%	12.14%	0.00%	1.84%	11.47%	13.77%	1.37%	16.05%	8.32%	1.69%	8.90%

Frequently Asked Questions

Can I hold both IJT and PGOFX in my portfolio?

IJT and PGOFX have a correlation of 0.74, 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 PGOFX?

PGOFX has higher volatility (5.80%) compared to IJT (4.49%). In terms of maximum drawdown, IJT dropped -57.61% vs PGOFX's -62.17%.

Which has better risk-adjusted returns?

PGOFX currently has the higher Sharpe Ratio (2.01 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.