SASMX vs. IJS
SASMX (ClearBridge Small Cap Growth Fund) and IJS (iShares S&P SmallCap 600 Value ETF) are both funds - SASMX is a Small Cap Growth Equities fund managed by Franklin Templeton, while IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index. Over the past 10 years, SASMX returned 12.72%/yr vs 10.48%/yr for IJS. Their correlation of 0.85 suggests significant overlap in exposure. SASMX charges 1.16%/yr vs 0.25%/yr for IJS.
Performance
SASMX vs. IJS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SASMX having a 17.29% return and IJS slightly higher at 17.37%. Over the past 10 years, SASMX has outperformed IJS with an annualized return of 12.72%, while IJS has yielded a comparatively lower 10.48% annualized return.
SASMX
- 1D
- 0.91%
- 1M
- 6.14%
- YTD
- 17.29%
- 6M
- 14.43%
- 1Y
- 26.53%
- 3Y*
- 15.54%
- 5Y*
- 2.31%
- 10Y*
- 12.72%
IJS
- 1D
- -0.23%
- 1M
- 2.94%
- YTD
- 17.37%
- 6M
- 16.01%
- 1Y
- 37.29%
- 3Y*
- 15.33%
- 5Y*
- 6.10%
- 10Y*
- 10.48%
SASMX vs. IJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SASMX ClearBridge Small Cap Growth Fund | 17.29% | 9.52% | 12.95% | 8.64% | -28.82% | 12.11% | 43.54% | 25.31% | 3.77% | 24.98% |
IJS iShares S&P SmallCap 600 Value ETF | 17.37% | 6.54% | 7.33% | 14.68% | -11.34% | 30.53% | 2.63% | 24.11% | -12.86% | 11.35% |
Correlation
The correlation between SASMX and IJS is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2000 | 0.85 |
The correlation between SASMX and IJS has been stable across timeframes, ranging from 0.75 to 0.85 - a consistent structural relationship.
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Return for Risk
SASMX vs. IJS — Risk / Return Rank
SASMX
IJS
SASMX vs. IJS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Small Cap Growth Fund (SASMX) and iShares S&P SmallCap 600 Value ETF (IJS). 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.
| SASMX | IJS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 4.04 | -2.01 |
| Martin ratioReturn relative to average drawdown | 7.29 | 13.28 | -5.99 |
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Drawdowns
SASMX vs. IJS - Drawdown Comparison
The maximum SASMX drawdown since its inception was -54.81%, smaller than the maximum IJS drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for SASMX and IJS.
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Drawdown Indicators
| SASMX | IJS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.81% | -60.11% | +5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.85% | -9.28% | -4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -26.25% | -28.65% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -42.19% | -28.65% | -13.54% |
Max Drawdown (10Y)Largest decline over 10 years | -42.19% | -47.68% | +5.49% |
Current DrawdownCurrent decline from peak | 0.00% | -1.64% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -14.06% | -9.87% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.82% | +1.03% |
Volatility
SASMX vs. IJS - Volatility Comparison
ClearBridge Small Cap Growth Fund (SASMX) has a higher volatility of 6.64% compared to iShares S&P SmallCap 600 Value ETF (IJS) at 4.85%. This indicates that SASMX's price experiences larger fluctuations and is considered to be riskier than IJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SASMX | IJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 4.85% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 16.53% | 11.82% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.14% | 18.34% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.74% | 21.94% | +2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.90% | 23.59% | +0.31% |
SASMX vs. IJS - Expense Ratio Comparison
SASMX has a 1.16% expense ratio, which is higher than IJS's 0.25% expense ratio.
Dividends
SASMX vs. IJS - Dividend Comparison
SASMX's dividend yield for the trailing twelve months is around 17.31%, more than IJS's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJS iShares S&P SmallCap 600 Value ETF | 1.36% | 1.62% | 1.78% | 1.42% | 1.46% | 1.52% | 1.00% | 1.66% | 1.75% | 1.41% | 1.22% | 1.59% |
SASMX ClearBridge Small Cap Growth Fund | 17.31% | 20.31% | 17.01% | 0.43% | 0.00% | 11.84% | 7.04% | 7.62% | 15.70% | 3.55% | 3.01% | 1.26% |
Frequently Asked Questions
SASMX and IJS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SASMX has higher volatility (6.64%) compared to IJS (4.85%). In terms of maximum drawdown, SASMX dropped -54.81% vs IJS's -60.11%.
IJS currently has the higher Sharpe Ratio (2.05 vs 1.33), 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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