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IWR vs. IJH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWR vs. IJH

Last updated Aug 2, 2026
Documentation

IWR (iShares Russell Midcap ETF) and IJH (iShares Core S&P Mid-Cap ETF) are both Mid Cap Blend Equities funds from iShares - IWR tracks the Russell Midcap Index while IJH tracks the S&P MidCap 400 Index. Both are passively managed. Over the past 10 years, IWR returned 11.43%/yr vs 11.03%/yr for IJH. Their 0.96 correlation means they have historically moved very closely together. 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

The year-to-date returns for both investments are quite close, with IWR having a 14.55% return and IJH slightly higher at 14.60%. Both investments have delivered pretty close results over the past 10 years, with IWR having a 11.43% annualized return and IJH not far behind at 11.03%.

IWR

1D
-0.28%
1M
-0.59%
6M
11.19%
YTD
14.55%
1Y
20.25%
3Y*
14.75%
5Y*
8.04%
10Y*
11.43%
ALL TIME*
9.95%

IJH

1D
-0.11%
1M
-1.08%
6M
10.14%
YTD
14.60%
1Y
22.81%
3Y*
13.01%
5Y*
8.44%
10Y*
11.03%
ALL TIME*
9.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IJH

iShares Core S&P Mid-Cap ETF
$461.96M$459.67M$538.23M

IWR

iShares Russell Midcap ETF
$186.41M$266.84M$222.00M

IWR vs. IJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWR
iShares Russell Midcap ETF		14.55%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 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.96

Correlation (3Y)
Balances recent behavior with more history.

0.97

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.97

Correlation (10Y)
Provides a long-term view across more market conditions.

0.97

Correlation (All Time)
Calculated using the full available price history since Jul 20, 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

Technology

18.3%
17.5%

Industrials

17.2%
25.2%

Financial Services

12.6%
13.9%

Healthcare

10.9%
8.9%

Consumer Cyclical

10.2%
10.5%

Real Estate

6.9%
7.2%

Utilities

6.0%
2.8%

Energy

5.8%
4.6%

Consumer Defensive

4.5%
3.2%

Basic Materials

4.2%
4.8%

Communication Services

3.5%
1.5%

Technology

IWR
18.3%
IJH
17.5%

Industrials

IWR
17.2%
IJH
25.2%

Financial Services

IWR
12.6%
IJH
13.9%

Healthcare

IWR
10.9%
IJH
8.9%

Consumer Cyclical

IWR
10.2%
IJH
10.5%

Real Estate

IWR
6.9%
IJH
7.2%

Utilities

IWR
6.0%
IJH
2.8%

Energy

IWR
5.8%
IJH
4.6%

Consumer Defensive

IWR
4.5%
IJH
3.2%

Basic Materials

IWR
4.2%
IJH
4.8%

Communication Services

IWR
3.5%
IJH
1.5%

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. SCHMIJH vs. IJKIJH vs. IJJIJH vs. IVOO

Return for Risk

IWR vs. IJH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IWR
IWR Risk / Return Rank: 6262
Overall Rank
IWR Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IWR Sortino Ratio Rank: 5959
Sortino Ratio Rank
IWR Omega Ratio Rank: 5555
Omega Ratio Rank
IWR Calmar Ratio Rank: 6666
Calmar Ratio Rank
IWR Martin Ratio Rank: 7272
Martin Ratio Rank
IJH
IJH Risk / Return Rank: 6262
Overall Rank
IJH Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 5959
Sortino Ratio Rank
IJH Omega Ratio Rank: 5555
Omega Ratio Rank
IJH Calmar Ratio Rank: 6969
Calmar Ratio Rank
IJH Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

IWRIJHDifference
Sharpe ratioReturn per unit of total volatility
1.37
1.34

+0.02

Sortino ratioReturn per unit of downside risk
2.00
2.00

-0.01

Omega ratioGain probability vs. loss probability

1.24

1.24

0.00

Calmar ratioReturn relative to maximum drawdown

2.28

2.39

-0.10

Martin ratioReturn relative to average drawdown

8.85

8.69

+0.17

IWR vs. IJH - Sharpe Ratio Comparison

The current IWR Sharpe Ratio is 1.37, which is comparable to the IJH Sharpe Ratio of 1.34. 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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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

-0.93%

-2.39%

+1.46%

Average Drawdown

Average peak-to-trough decline

-7.76%

-7.53%

-0.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

2.42%

-0.32%

Volatility

IWR vs. IJH - Volatility Comparison

The current volatility for iShares Russell Midcap ETF (IWR) is 2.48%, while iShares Core S&P Mid-Cap ETF (IJH) has a volatility of 3.46%. 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

2.48%

3.46%

-0.98%

Volatility (6M)

Calculated over the trailing 6-month period

10.17%

11.63%

-1.46%

Volatility (1Y)

Calculated over the trailing 1-year period

13.67%

15.76%

-2.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.22%

19.67%

-1.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.31%

21.13%

-1.82%

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 1.16%, 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		1.16%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 (3.46%) compared to IWR (2.48%). In terms of maximum drawdown, IWR dropped -58.78% vs IJH's -55.07%.

On 10-year performance, IWR leads with 11.43% vs 11.03% for IJH. On fees, IJH is cheaper at 0.05% per year. On volatility, IWR has been the lower-risk option at 2.48%. 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 11.43% return vs 11.03%. 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 1.16% for IWR.

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.

IWR currently has the higher Sharpe Ratio (1.36 vs 1.34), 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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