SLYG vs. IJR
Compare and contrast key facts about SPDR S&P 600 Small Cap Growth ETF (SLYG) and iShares Core S&P Small-Cap ETF (IJR).
SLYG and IJR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLYG is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Growth Index. It was launched on Sep 25, 2000. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. Both SLYG and IJR 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: SLYG or IJR.
Key characteristics
| SLYG | IJR | |
|---|---|---|
| YTD Return | 3.94% | 0.98% |
| 1Y Return | 24.31% | 20.03% |
| 3Y Return (Ann) | 1.79% | 1.26% |
| 5Y Return (Ann) | 8.39% | 8.16% |
| 10Y Return (Ann) | 9.74% | 8.96% |
| Sharpe Ratio | 1.29 | 1.00 |
| Daily Std Dev | 18.08% | 19.24% |
| Max Drawdown | -63.19% | -58.15% |
| Current Drawdown | -7.07% | -5.92% |
Correlation
The correlation between SLYG and IJR 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.
Performance
SLYG vs. IJR - Performance Comparison
In the year-to-date period, SLYG achieves a 3.94% return, which is significantly higher than IJR's 0.98% return. Over the past 10 years, SLYG has outperformed IJR with an annualized return of 9.74%, while IJR has yielded a comparatively lower 8.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SLYG vs. IJR - Expense Ratio Comparison
SLYG has a 0.15% expense ratio, which is higher than IJR's 0.07% 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%.
Risk-Adjusted Performance
SLYG vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 600 Small Cap Growth ETF (SLYG) and iShares Core S&P Small-Cap ETF (IJR). 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
SLYG vs. IJR - Dividend Comparison
SLYG's dividend yield for the trailing twelve months is around 1.12%, less than IJR's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLYG SPDR S&P 600 Small Cap Growth ETF | 1.12% | 1.18% | 1.18% | 0.68% | 0.71% | 1.08% | 1.06% | 4.74% | 1.13% | 5.75% | 4.42% | 0.61% |
IJR iShares Core S&P Small-Cap ETF | 1.30% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
SLYG vs. IJR - Drawdown Comparison
The maximum SLYG drawdown since its inception was -63.19%, which is greater than IJR's maximum drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for SLYG and IJR. For additional features, visit the drawdowns tool.
Volatility
SLYG vs. IJR - Volatility Comparison
SPDR S&P 600 Small Cap Growth ETF (SLYG) and iShares Core S&P Small-Cap ETF (IJR) have volatilities of 4.61% and 4.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.