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SCHA vs. IJJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHA vs. IJJ

Last updated Jul 22, 2026
Documentation

SCHA (Schwab U.S. Small-Cap ETF) and IJJ (iShares S&P Mid-Cap 400 Value ETF) are both exchange-traded funds - SCHA is a Small Cap Blend Equities fund tracking the Dow Jones U.S. Small-Cap Total Stock Market Index, while IJJ is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index. Both are passively managed. Over the past 10 years, SCHA returned 10.91%/yr vs 10.35%/yr for IJJ. Their correlation of 0.94 suggests significant overlap in exposure. SCHA charges 0.04%/yr vs 0.18%/yr for IJJ.

Performance

SCHA vs. IJJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Small-Cap ETF (SCHA) and iShares S&P Mid-Cap 400 Value ETF (IJJ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCHA achieves a 22.07% return, which is significantly higher than IJJ's 12.83% return. Over the past 10 years, SCHA has outperformed IJJ with an annualized return of 10.91%, while IJJ has yielded a comparatively lower 10.35% annualized return.

SCHA

1D
2.21%
1M
-1.34%
6M
15.12%
YTD
22.07%
1Y
34.95%
3Y*
16.78%
5Y*
8.24%
10Y*
10.91%
ALL TIME*
12.59%

IJJ

1D
0.59%
1M
1.83%
6M
8.82%
YTD
12.83%
1Y
18.95%
3Y*
12.12%
5Y*
9.48%
10Y*
10.35%
ALL TIME*
10.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHA vs. IJJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHA
Schwab U.S. Small-Cap ETF		22.07%11.60%11.16%18.46%-19.81%16.45%19.34%26.50%-11.79%14.94%
IJJ
iShares S&P Mid-Cap 400 Value ETF		12.83%7.27%11.63%15.24%-7.11%30.45%3.56%25.66%-12.06%12.04%

Correlation

The correlation between SCHA and IJJ is 0.86, 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

0.86

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

0.92

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

0.94

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

0.93

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2009

0.94

The correlation between SCHA and IJJ has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

SCHA vs. IJJ - Sectors Allocation Comparison

Sectors
SCHA
IJJ

Technology

22.4%
10.4%

Healthcare

15.7%
3.8%

Financial Services

15.6%
21.8%

Industrials

14.7%
19.1%

Consumer Cyclical

9.5%
13.9%

Real Estate

6.2%
9.5%

Energy

4.7%
6.3%

Basic Materials

3.9%
5.7%

Communication Services

2.5%
0.8%

Consumer Defensive

2.3%
4.8%

Utilities

2.3%
4.0%

Technology

SCHA
22.4%
IJJ
10.4%

Healthcare

SCHA
15.7%
IJJ
3.8%

Financial Services

SCHA
15.6%
IJJ
21.8%

Industrials

SCHA
14.7%
IJJ
19.1%

Consumer Cyclical

SCHA
9.5%
IJJ
13.9%

Real Estate

SCHA
6.2%
IJJ
9.5%

Energy

SCHA
4.7%
IJJ
6.3%

Basic Materials

SCHA
3.9%
IJJ
5.7%

Communication Services

SCHA
2.5%
IJJ
0.8%

Consumer Defensive

SCHA
2.3%
IJJ
4.8%

Utilities

SCHA
2.3%
IJJ
4.0%

Compare stocks, funds, or ETFs

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

Schwab U.S. Small-Cap ETF

iShares S&P Mid-Cap 400 Value ETF

Often compared with SCHA:
SCHA vs. VBSCHA vs. AVUVSCHA vs. SWSSXSCHA vs. IJRSCHA vs. SCHDSCHA vs. SCHMSCHA vs. SCHB
Often compared with IJJ:
IJJ vs. IJHIJJ vs. VOEIJJ vs. SPYIJJ vs. PSRIJJ vs. IVVIJJ vs. VOOIJJ vs. VOOV

Return for Risk

SCHA vs. IJJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHA
SCHA Risk / Return Rank: 8080
Overall Rank
SCHA Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
SCHA Sortino Ratio Rank: 7878
Sortino Ratio Rank
SCHA Omega Ratio Rank: 7171
Omega Ratio Rank
SCHA Calmar Ratio Rank: 8787
Calmar Ratio Rank
SCHA Martin Ratio Rank: 8585
Martin Ratio Rank
IJJ
IJJ Risk / Return Rank: 4848
Overall Rank
IJJ Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IJJ Sortino Ratio Rank: 5252
Sortino Ratio Rank
IJJ Omega Ratio Rank: 4646
Omega Ratio Rank
IJJ Calmar Ratio Rank: 4747
Calmar Ratio Rank
IJJ Martin Ratio Rank: 5050
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.

SCHA vs. IJJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Small-Cap ETF (SCHA) and iShares S&P Mid-Cap 400 Value ETF (IJJ). 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.

SCHAIJJDifference
Sharpe ratioReturn per unit of total volatility
1.84
1.25

+0.59

Sortino ratioReturn per unit of downside risk
2.64
1.93

+0.72

Omega ratioGain probability vs. loss probability

1.31

1.22

+0.09

Calmar ratioReturn relative to maximum drawdown

3.69

1.80

+1.90

Martin ratioReturn relative to average drawdown

12.60

6.21

+6.38

SCHA vs. IJJ - Sharpe Ratio Comparison

The current SCHA Sharpe Ratio is 1.84, which is higher than the IJJ Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of SCHA and IJJ, 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

SCHA vs. IJJ - Drawdown Comparison

The maximum SCHA drawdown since its inception was -42.41%, smaller than the maximum IJJ drawdown of -58.00%. Use the drawdown chart below to compare losses from any high point for SCHA and IJJ.

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Drawdown Indicators

SCHAIJJDifference

Max Drawdown

Largest peak-to-trough decline

-42.41%

-58.00%

+15.59%

Max Drawdown (1Y)

Largest decline over 1 year

-9.50%

-10.59%

+1.09%

Max Drawdown (3Y)

Largest decline over 3 years

-27.29%

-22.68%

-4.61%

Max Drawdown (5Y)

Largest decline over 5 years

-30.79%

-22.68%

-8.11%

Max Drawdown (10Y)

Largest decline over 10 years

-42.41%

-46.11%

+3.70%

Current Drawdown

Current decline from peak

-4.18%

-1.23%

-2.95%

Average Drawdown

Average peak-to-trough decline

-7.54%

-7.90%

+0.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

3.06%

-0.28%

Volatility

SCHA vs. IJJ - Volatility Comparison

Schwab U.S. Small-Cap ETF (SCHA) has a higher volatility of 5.84% compared to iShares S&P Mid-Cap 400 Value ETF (IJJ) at 3.21%. This indicates that SCHA's price experiences larger fluctuations and is considered to be riskier than IJJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHAIJJDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.84%

3.21%

+2.63%

Volatility (6M)

Calculated over the trailing 6-month period

14.56%

10.78%

+3.78%

Volatility (1Y)

Calculated over the trailing 1-year period

19.05%

15.21%

+3.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.03%

19.37%

+2.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.75%

21.97%

+0.78%

SCHA vs. IJJ - Expense Ratio Comparison

SCHA has a 0.04% expense ratio, which is lower than IJJ's 0.18% 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

SCHA vs. IJJ - Dividend Comparison

SCHA's dividend yield for the trailing twelve months is around 1.03%, less than IJJ's 1.59% yield.

PositionTTM20252024202320222021202020192018201720162015
IJJ
iShares S&P Mid-Cap 400 Value ETF		1.59%1.79%1.81%1.68%1.97%1.62%1.78%1.70%2.01%1.52%1.67%1.83%
SCHA
Schwab U.S. Small-Cap ETF		1.03%1.26%1.51%1.42%1.37%1.19%1.05%1.39%1.58%1.24%1.50%1.48%

Frequently Asked Questions

SCHA and IJJ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHA has higher volatility (5.84%) compared to IJJ (3.21%). In terms of maximum drawdown, SCHA dropped -42.41% vs IJJ's -58.00%.

On 10-year performance, SCHA leads with 10.91% vs 10.35% for IJJ. On fees, SCHA is cheaper at 0.04% per year. On volatility, IJJ has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHA has performed better with a 10.91% return vs 10.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHA is cheaper with a 0.04% expense ratio, compared with 0.18% for IJJ.

IJJ has the higher dividend yield at 1.59%, compared with 1.03% for SCHA.

SCHA is categorized as Small Cap Blend Equities, while IJJ is Mid Cap Value Equities. SCHA tracks Dow Jones U.S. Small-Cap Total Stock Market Index, while IJJ tracks S&P MidCap 400 Value Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.04% for SCHA and 0.18% for IJJ.

SCHA currently has the higher Sharpe Ratio (1.84 vs 1.25), 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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