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IWR vs. IJH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWR vs. IJH

Last updated Jun 5, 2026

IWR (iShares Russell Midcap ETF) and IJH (iShares Core S&P Mid-Cap ETF) are both exchange-traded funds - IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap Index, while IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. Both are passively managed. Over the past 10 years, IWR returned 11.55%/yr vs 11.23%/yr for IJH. With a 0.96 correlation, they move nearly in lockstep. IWR charges 0.19%/yr vs 0.05%/yr for IJH.

Performance

IWR vs. IJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Midcap ETF (IWR) and iShares Core S&P Mid-Cap ETF (IJH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWR achieves a 13.02% return, which is significantly lower than IJH's 14.60% return. Both investments have delivered pretty close results over the past 10 years, with IWR having a 11.55% annualized return and IJH not far behind at 11.23%.

IWR

1D
0.52%
1M
3.28%
YTD
13.02%
6M
12.45%
1Y
22.54%
3Y*
17.59%
5Y*
8.11%
10Y*
11.55%

IJH

1D
0.44%
1M
2.99%
YTD
14.60%
6M
14.27%
1Y
26.23%
3Y*
16.69%
5Y*
8.26%
10Y*
11.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWR vs. IJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWR
iShares Russell Midcap ETF		13.02%10.37%15.21%17.05%-17.48%22.44%16.93%30.23%-9.10%18.25%
IJH
iShares Core S&P Mid-Cap ETF		14.60%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-11.19%16.26%

Correlation

The correlation between IWR and IJH is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.96

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (10Y)
Calculated over the trailing 10-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Jul 23, 2001

0.96

The correlation between IWR and IJH has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

IWR vs. IJH - Sectors Allocation Comparison

Sectors
IWR
IJH

Industrials

18.4%
25.0%

Technology

17.2%
15.7%

Financial Services

12.5%
14.4%

Consumer Cyclical

11.2%
10.7%

Healthcare

8.7%
8.6%

Energy

7.2%
5.5%

Real Estate

7.0%
7.5%

Utilities

6.1%
3.1%

Basic Materials

4.3%
4.8%

Consumer Defensive

4.1%
3.8%

Communication Services

3.4%
1.0%

Industrials

IWR
18.4%
IJH
25.0%

Technology

IWR
17.2%
IJH
15.7%

Financial Services

IWR
12.5%
IJH
14.4%

Consumer Cyclical

IWR
11.2%
IJH
10.7%

Healthcare

IWR
8.7%
IJH
8.6%

Energy

IWR
7.2%
IJH
5.5%

Real Estate

IWR
7.0%
IJH
7.5%

Utilities

IWR
6.1%
IJH
3.1%

Basic Materials

IWR
4.3%
IJH
4.8%

Consumer Defensive

IWR
4.1%
IJH
3.8%

Communication Services

IWR
3.4%
IJH
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Russell Midcap ETF

iShares Core S&P Mid-Cap ETF

Often compared with IWR:
IWR vs. VOIWR vs. IWDIWR vs. SPMDIWR vs. IWNIWR vs. SCHMIWR vs. VXFIWR vs. REGL
Often compared with IJH:
IJH vs. VOIJH vs. IJRIJH vs. MDYIJH vs. IJJIJH vs. IJKIJH vs. IVOOIJH vs. SCHM

Return for Risk

IWR vs. IJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWR
IWR Risk / Return Rank: 5353
Overall Rank
IWR Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
IWR Sortino Ratio Rank: 5151
Sortino Ratio Rank
IWR Omega Ratio Rank: 4848
Omega Ratio Rank
IWR Calmar Ratio Rank: 5757
Calmar Ratio Rank
IWR Martin Ratio Rank: 6161
Martin Ratio Rank
IJH
IJH Risk / Return Rank: 5555
Overall Rank
IJH Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 5252
Sortino Ratio Rank
IJH Omega Ratio Rank: 4949
Omega Ratio Rank
IJH Calmar Ratio Rank: 6161
Calmar Ratio Rank
IJH Martin Ratio Rank: 6262
Martin Ratio Rank
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.

IWR vs. IJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) 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.

IWRIJHDifference
Sharpe ratioReturn per unit of total volatility
1.69
1.70

-0.01

Sortino ratioReturn per unit of downside risk
2.44
2.48

-0.04

Omega ratioGain probability vs. loss probability

1.30

1.30

-0.01

Calmar ratioReturn relative to maximum drawdown

2.77

2.98

-0.21

Martin ratioReturn relative to average drawdown

10.70

10.93

-0.23

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWR vs. IJH - Sharpe Ratio Comparison

The current IWR Sharpe Ratio is 1.69, which is comparable to the IJH Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of IWR 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.

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Sharpe Ratios by Period

IWRIJHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.69

1.70

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.42

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.53

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.46

+0.03

Drawdowns

IWR vs. IJH - Drawdown Comparison

The maximum IWR drawdown since its inception was -58.78%, which is greater than IJH's maximum drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for IWR and IJH.

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Drawdown Indicators

IWRIJHDifference

Max Drawdown

Largest peak-to-trough decline

-58.78%

-55.07%

-3.71%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-8.83%

+0.66%

Max Drawdown (3Y)

Largest decline over 3 years

-21.09%

-24.10%

+3.01%

Max Drawdown (5Y)

Largest decline over 5 years

-26.18%

-24.10%

-2.08%

Max Drawdown (10Y)

Largest decline over 10 years

-40.59%

-42.18%

+1.59%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.80%

-7.57%

-0.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.11%

2.41%

-0.30%

Volatility

IWR vs. IJH - Volatility Comparison

The current volatility for iShares Russell Midcap ETF (IWR) is 3.16%, while iShares Core S&P Mid-Cap ETF (IJH) has a volatility of 4.24%. This indicates that IWR experiences smaller price fluctuations and is considered to be less risky than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWRIJHDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.16%

4.24%

-1.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.84%

11.31%

-1.47%

Volatility (1Y)

Calculated over the trailing 1-year period

13.36%

15.50%

-2.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.22%

19.74%

-1.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.36%

21.17%

-1.81%

IWR vs. IJH - Expense Ratio Comparison

IWR has a 0.19% expense ratio, which is higher than IJH's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IWR vs. IJH - Dividend Comparison

IWR's dividend yield for the trailing twelve months is around 1.14%, less than IJH's 1.18% yield.

PositionTTM20252024202320222021202020192018201720162015
IJH
iShares Core S&P Mid-Cap ETF		1.18%1.36%1.33%1.46%1.68%1.18%1.28%1.63%1.72%1.19%1.60%1.56%
IWR
iShares Russell Midcap ETF		1.14%1.29%1.27%1.43%1.59%1.04%1.28%1.43%1.98%1.52%1.72%1.59%

Frequently Asked Questions

With a correlation of 0.96, IWR 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.

IJH has higher volatility (4.24%) compared to IWR (3.16%). In terms of maximum drawdown, IWR dropped -58.78% vs IJH's -55.07%.

On 10-year performance, IWR leads with 11.55% vs 11.23% for IJH. On fees, IJH is cheaper at 0.05% per year. On volatility, IWR has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWR has performed better with a 11.55% return vs 11.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJH is cheaper with a 0.05% expense ratio, compared with 0.19% for IWR.

IJH has the higher dividend yield at 1.18%, compared with 1.14% for IWR.

IWR is categorized as Mid Cap Growth Equities, while IJH is Mid Cap Blend Equities. IWR tracks Russell Midcap Index, while IJH tracks S&P MidCap 400 Index. Their fees differ too: 0.19% for IWR and 0.05% for IJH.

IJH currently has the higher Sharpe Ratio (1.70 vs 1.69), 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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