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SMIG vs. IJS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SMIG vs. IJS

Last updated Jun 4, 2026

SMIG (Bahl & Gaynor Small/Mid Cap Income Growth ETF) and IJS (iShares S&P SmallCap 600 Value ETF) are both Small Cap Value Equities funds. SMIG is actively managed, while IJS is passively managed. Over the past 3 years, SMIG returned 13.09%/yr vs 14.01%/yr for IJS. Their correlation of 0.88 suggests significant overlap in exposure. SMIG charges 0.60%/yr vs 0.25%/yr for IJS.

Performance

SMIG vs. IJS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and iShares S&P SmallCap 600 Value ETF (IJS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SMIG achieves a 10.18% return, which is significantly lower than IJS's 15.13% return.

SMIG

1D
-0.28%
1M
1.31%
YTD
10.18%
6M
11.46%
1Y
11.81%
3Y*
13.09%
5Y*
—
10Y*
—

IJS

1D
-1.22%
1M
2.29%
YTD
15.13%
6M
14.62%
1Y
36.88%
3Y*
14.01%
5Y*
5.55%
10Y*
10.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMIG vs. IJS - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SMIG
Bahl & Gaynor Small/Mid Cap Income Growth ETF		10.18%0.78%17.63%13.62%-11.83%5.51%
IJS
iShares S&P SmallCap 600 Value ETF		15.13%6.54%7.33%14.68%-11.34%4.82%

Correlation

The correlation between SMIG and IJS is 0.81, 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

0.81

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

0.86

Correlation (All Time)
Calculated using the full available price history since Aug 27, 2021

0.88

The correlation between SMIG and IJS has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

SMIG vs. IJS - Sectors Allocation Comparison

Sectors
SMIG
IJS

Technology

19.8%
11.3%

Consumer Cyclical

17.2%
15.9%

Financial Services

14.2%
19.8%

Industrials

13.9%
11.6%

Energy

12.8%
7.6%

Healthcare

10.1%
7.6%

Basic Materials

7.9%
7.1%

Real Estate

6.9%
8.7%

Utilities

5.4%
2.2%

Consumer Defensive

2.4%
3.8%

Communication Services

2.2%
4.4%

Technology

SMIG
19.8%
IJS
11.3%

Consumer Cyclical

SMIG
17.2%
IJS
15.9%

Financial Services

SMIG
14.2%
IJS
19.8%

Industrials

SMIG
13.9%
IJS
11.6%

Energy

SMIG
12.8%
IJS
7.6%

Healthcare

SMIG
10.1%
IJS
7.6%

Basic Materials

SMIG
7.9%
IJS
7.1%

Real Estate

SMIG
6.9%
IJS
8.7%

Utilities

SMIG
5.4%
IJS
2.2%

Consumer Defensive

SMIG
2.4%
IJS
3.8%

Communication Services

SMIG
2.2%
IJS
4.4%

Compare stocks, funds, or ETFs

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

Bahl & Gaynor Small/Mid Cap Income Growth ETF

iShares S&P SmallCap 600 Value ETF

Often compared with SMIG:
SMIG vs. SFLOSMIG vs. WASMXSMIG vs. AVUVSMIG vs. REGLSMIG vs. FMDESMIG vs. SMMDSMIG vs. IWMI
Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. IWM

Return for Risk

SMIG vs. IJS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMIG
SMIG Risk / Return Rank: 2727
Overall Rank
SMIG Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
SMIG Sortino Ratio Rank: 2828
Sortino Ratio Rank
SMIG Omega Ratio Rank: 2626
Omega Ratio Rank
SMIG Calmar Ratio Rank: 2929
Calmar Ratio Rank
SMIG Martin Ratio Rank: 2727
Martin Ratio Rank
IJS
IJS Risk / Return Rank: 6464
Overall Rank
IJS Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 6161
Sortino Ratio Rank
IJS Omega Ratio Rank: 5656
Omega Ratio Rank
IJS Calmar Ratio Rank: 7777
Calmar Ratio Rank
IJS Martin Ratio Rank: 6969
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.

SMIG vs. IJS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) 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.

SMIGIJSDifference
Sharpe ratioReturn per unit of total volatility
0.99
2.03

-1.04

Sortino ratioReturn per unit of downside risk
1.53
2.91

-1.38

Omega ratioGain probability vs. loss probability

1.18

1.35

-0.18

Calmar ratioReturn relative to maximum drawdown

1.39

3.99

-2.60

Martin ratioReturn relative to average drawdown

3.62

13.05

-9.43

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

SMIG vs. IJS - Sharpe Ratio Comparison

The current SMIG Sharpe Ratio is 0.99, which is lower than the IJS Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of SMIG and IJS, 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

SMIGIJSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.99

2.03

-1.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.25

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.43

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.40

+0.03

Drawdowns

SMIG vs. IJS - Drawdown Comparison

The maximum SMIG drawdown since its inception was -19.65%, smaller than the maximum IJS drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for SMIG and IJS.

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Drawdown Indicators

SMIGIJSDifference

Max Drawdown

Largest peak-to-trough decline

-19.65%

-60.11%

+40.46%

Max Drawdown (1Y)

Largest decline over 1 year

-8.52%

-9.28%

+0.76%

Max Drawdown (3Y)

Largest decline over 3 years

-19.23%

-28.65%

+9.42%

Max Drawdown (5Y)

Largest decline over 5 years

—

-28.65%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-47.68%

—

Current Drawdown

Current decline from peak

-1.79%

-1.22%

-0.57%

Average Drawdown

Average peak-to-trough decline

-6.55%

-9.89%

+3.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

2.83%

+0.44%

Volatility

SMIG vs. IJS - Volatility Comparison

The current volatility for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is 3.65%, while iShares S&P SmallCap 600 Value ETF (IJS) has a volatility of 4.42%. This indicates that SMIG experiences smaller price fluctuations and is considered to be less risky 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

SMIGIJSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.65%

4.42%

-0.77%

Volatility (6M)

Calculated over the trailing 6-month period

8.43%

11.52%

-3.09%

Volatility (1Y)

Calculated over the trailing 1-year period

11.98%

18.31%

-6.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.20%

21.98%

-5.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.20%

23.60%

-7.40%

SMIG vs. IJS - Expense Ratio Comparison

SMIG has a 0.60% expense ratio, which is higher than IJS's 0.25% expense ratio.

Dividends

SMIG vs. IJS - Dividend Comparison

SMIG's dividend yield for the trailing twelve months is around 1.75%, more than IJS's 1.29% yield.

PositionTTM20252024202320222021202020192018201720162015
IJS
iShares S&P SmallCap 600 Value ETF		1.29%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%
SMIG
Bahl & Gaynor Small/Mid Cap Income Growth ETF		1.75%1.82%1.75%1.91%2.00%0.50%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SMIG and IJS have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IJS has higher volatility (4.42%) compared to SMIG (3.65%). In terms of maximum drawdown, SMIG dropped -19.65% vs IJS's -60.11%.

On 3-year performance, IJS leads with 14.01% vs 13.09% for SMIG. On fees, IJS is cheaper at 0.25% per year. On volatility, SMIG has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IJS has performed better with a 14.01% return vs 13.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJS is cheaper with a 0.25% expense ratio, compared with 0.60% for SMIG.

SMIG has the higher dividend yield at 1.75%, compared with 1.29% for IJS.

They also come from different issuers: Bahl & Gaynor and iShares. Their fees differ too: 0.60% for SMIG and 0.25% for IJS.

IJS currently has the higher Sharpe Ratio (2.03 vs 0.99), 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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