IMCB vs. IJH

Last updated Jun 23, 2026

IMCB (iShares Morningstar Mid-Cap ETF) and IJH (iShares Core S&P Mid-Cap ETF) are both Mid Cap Blend Equities funds from iShares - IMCB tracks the IMCB-US - Morningstar U.S. Mid Cap Index while IJH tracks the S&P MidCap 400 Index. Both are passively managed. Over the past 10 years, IMCB returned 11.77%/yr vs 11.74%/yr for IJH. Their correlation of 0.95 suggests significant overlap in exposure. IMCB charges 0.04%/yr vs 0.05%/yr for IJH.

Performance

IMCB vs. IJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Mid-Cap ETF (IMCB) and iShares Core S&P Mid-Cap ETF (IJH). 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 IMCB having a 16.18% return and IJH slightly lower at 15.82%. Both investments have delivered pretty close results over the past 10 years, with IMCB having a 11.77% annualized return and IJH not far behind at 11.74%.

IMCB

• 1D: 0.42%
• 1M: 4.03%
• YTD: 16.18%
• 6M: 14.62%
• 1Y: 25.14%
• 3Y*: 17.89%
• 5Y*: 9.17%
• 10Y*: 11.77%

IJH

• 1D: 0.38%
• 1M: 3.76%
• YTD: 15.82%
• 6M: 13.38%
• 1Y: 27.53%
• 3Y*: 16.50%
• 5Y*: 8.90%
• 10Y*: 11.74%

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

IMCB vs. IJH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMCB iShares Morningstar Mid-Cap ETF	16.18%	10.25%	15.10%	16.37%	-16.09%	22.81%	13.35%	31.49%	-11.53%	19.70%
IJH iShares Core S&P Mid-Cap ETF	15.82%	7.42%	13.92%	16.40%	-13.11%	24.72%	13.60%	26.10%	-11.19%	16.26%

Correlation

The correlation between IMCB and IJH 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	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jul 2, 2004	0.95

The correlation between IMCB and IJH has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

IMCB vs. IJH - Sectors Allocation Comparison

Sectors	IMCB	IJH
Technology	22.6%	16.6%
Industrials	18.5%	25.9%
Financial Services	11.9%	13.5%
Consumer Cyclical	9.1%	9.2%
Healthcare	7.9%	8.7%
Energy	6.7%	5.3%
Utilities	6.0%	3.0%
Basic Materials	5.3%	4.9%
Consumer Defensive	5.1%	4.2%
Real Estate	4.3%	7.5%
Communication Services	2.5%	1.0%

Return for Risk

IMCB vs. IJH — Risk / Return Rank

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

IMCB

IMCB Risk / Return Rank: 61
IMCB Sharpe Ratio Rank: 59
IMCB Sortino Ratio Rank: 58
IMCB Omega Ratio Rank: 54
IMCB Calmar Ratio Rank: 65
IMCB Martin Ratio Rank: 68

IJH

IJH Risk / Return Rank: 57
IJH Sharpe Ratio Rank: 53
IJH Sortino Ratio Rank: 54
IJH Omega Ratio Rank: 50
IJH Calmar Ratio Rank: 65
IJH Martin Ratio Rank: 64

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.

IMCB vs. IJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) and iShares Core S&P Mid-Cap ETF (IJH). 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.

	IMCB	IJH	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.75	+0.15
Sortino ratio: Return per unit of downside risk	2.66	2.53	+0.13
Omega ratio: Gain probability vs. loss probability	1.33	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	3.14	3.13	+0.01
Martin ratio: Return relative to average drawdown	12.28	11.45	+0.84

IMCB vs. IJH - Sharpe Ratio Comparison

The current IMCB Sharpe Ratio is 1.90, which is comparable to the IJH Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of IMCB and IJH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IMCB vs. IJH - Drawdown Comparison

The maximum IMCB drawdown since its inception was -58.80%, which is greater than IJH's maximum drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for IMCB and IJH.

Drawdown Indicators

	IMCB	IJH	Difference
Max Drawdown Largest peak-to-trough decline	-58.80%	-55.07%	-3.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.05%	-8.83%	+0.78%
Max Drawdown (3Y) Largest decline over 3 years	-19.80%	-24.10%	+4.30%
Max Drawdown (5Y) Largest decline over 5 years	-25.15%	-24.10%	-1.05%
Max Drawdown (10Y) Largest decline over 10 years	-40.99%	-42.18%	+1.19%
Current Drawdown Current decline from peak	-0.32%	-0.12%	-0.20%
Average Drawdown Average peak-to-trough decline	-7.72%	-7.56%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.41%	-0.36%

Volatility

IMCB vs. IJH - Volatility Comparison

iShares Morningstar Mid-Cap ETF (IMCB) and iShares Core S&P Mid-Cap ETF (IJH) have volatilities of 4.70% and 4.59%, 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

	IMCB	IJH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	4.59%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	10.25%	11.70%	-1.45%
Volatility (1Y) Calculated over the trailing 1-year period	13.32%	15.87%	-2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	19.76%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.69%	21.21%	-1.52%

IMCB vs. IJH - Expense Ratio Comparison

IMCB has a 0.04% expense ratio, which is lower than IJH's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IMCB vs. IJH - Dividend Comparison

IMCB's dividend yield for the trailing twelve months is around 1.23%, more than IJH's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJH iShares Core S&P Mid-Cap ETF	1.17%	1.36%	1.33%	1.46%	1.68%	1.18%	1.28%	1.63%	1.72%	1.19%	1.60%	1.56%
IMCB iShares Morningstar Mid-Cap ETF	1.23%	1.42%	1.43%	1.55%	1.70%	1.08%	1.12%	1.32%	1.80%	1.31%	1.79%	1.47%

Frequently Asked Questions

Can I hold both IMCB and IJH in my portfolio?

With a correlation of 0.94, IMCB and IJH 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, IMCB or IJH?

IMCB has higher volatility (4.70%) compared to IJH (4.59%). In terms of maximum drawdown, IMCB dropped -58.80% vs IJH's -55.07%.

Which ETF is better, IMCB or IJH?

On 10-year performance, IMCB leads with 11.77% vs 11.74% for IJH. On fees, IMCB is cheaper at 0.04% per year. On volatility, IJH has been the lower-risk option at 4.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IMCB or IJH?

Over the 10-year period, IMCB has performed better with a 11.77% return vs 11.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IMCB or IJH?

IMCB is cheaper with a 0.04% expense ratio, compared with 0.05% for IJH.

Which ETF pays a higher dividend yield, IMCB or IJH?

IMCB has the higher dividend yield at 1.23%, compared with 1.17% for IJH.

What is the main difference between IMCB and IJH?

IMCB tracks IMCB-US - Morningstar U.S. Mid Cap Index, while IJH tracks S&P MidCap 400 Index. Their fees differ too: 0.04% for IMCB and 0.05% for IJH.

Which has better risk-adjusted returns?

IMCB currently has the higher Sharpe Ratio (1.90 vs 1.75), 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.