IMCG vs. IJK
Compare and contrast key facts about iShares Morningstar Mid-Cap Growth ETF (IMCG) and iShares S&P MidCap 400 Growth ETF (IJK).
IMCG and IJK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. IJK is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400/Citigroup Growth Index. It was launched on Jul 24, 2000. Both IMCG and IJK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMCG or IJK.
Performance
IMCG vs. IJK - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with IMCG having a 23.11% return and IJK slightly lower at 22.18%. Over the past 10 years, IMCG has outperformed IJK with an annualized return of 12.26%, while IJK has yielded a comparatively lower 10.21% annualized return.
IMCG
23.11%
6.52%
15.64%
34.18%
13.88%
12.26%
IJK
22.18%
4.48%
8.66%
31.87%
11.94%
10.21%
Key characteristics
| IMCG | IJK | |
|---|---|---|
| Sharpe Ratio | 2.44 | 1.99 |
| Sortino Ratio | 3.33 | 2.77 |
| Omega Ratio | 1.41 | 1.33 |
| Calmar Ratio | 1.64 | 2.19 |
| Martin Ratio | 12.70 | 10.49 |
| Ulcer Index | 2.73% | 3.11% |
| Daily Std Dev | 14.20% | 16.37% |
| Max Drawdown | -58.96% | -54.47% |
| Current Drawdown | 0.00% | -1.23% |
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IMCG vs. IJK - Expense Ratio Comparison
IMCG has a 0.06% expense ratio, which is lower than IJK's 0.24% 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%.
Correlation
The correlation between IMCG and IJK is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IMCG vs. IJK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap Growth ETF (IMCG) and iShares S&P MidCap 400 Growth ETF (IJK). 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.
Dividends
IMCG vs. IJK - Dividend Comparison
IMCG's dividend yield for the trailing twelve months is around 0.76%, less than IJK's 0.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.76% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
IJK iShares S&P MidCap 400 Growth ETF | 0.81% | 1.13% | 1.08% | 0.50% | 0.70% | 1.09% | 1.13% | 0.93% | 1.15% | 1.12% | 0.91% | 0.88% |
Drawdowns
IMCG vs. IJK - Drawdown Comparison
The maximum IMCG drawdown since its inception was -58.96%, which is greater than IJK's maximum drawdown of -54.47%. Use the drawdown chart below to compare losses from any high point for IMCG and IJK. For additional features, visit the drawdowns tool.
Volatility
IMCG vs. IJK - Volatility Comparison
The current volatility for iShares Morningstar Mid-Cap Growth ETF (IMCG) is 4.59%, while iShares S&P MidCap 400 Growth ETF (IJK) has a volatility of 5.20%. This indicates that IMCG experiences smaller price fluctuations and is considered to be less risky than IJK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.