SPSM vs. IJR
Compare and contrast key facts about SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and iShares Core S&P Small-Cap ETF (IJR).
SPSM and IJR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013. 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 SPSM 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: SPSM or IJR.
Performance
SPSM vs. IJR - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SPSM having a 16.74% return and IJR slightly higher at 16.80%. Over the past 10 years, SPSM has underperformed IJR with an annualized return of 9.39%, while IJR has yielded a comparatively higher 9.90% annualized return.
SPSM
16.74%
8.97%
15.84%
32.22%
10.99%
9.39%
IJR
16.80%
9.06%
15.84%
32.18%
11.02%
9.90%
Key characteristics
| SPSM | IJR | |
|---|---|---|
| Sharpe Ratio | 1.61 | 1.61 |
| Sortino Ratio | 2.38 | 2.37 |
| Omega Ratio | 1.28 | 1.28 |
| Calmar Ratio | 1.81 | 1.80 |
| Martin Ratio | 9.10 | 9.00 |
| Ulcer Index | 3.54% | 3.58% |
| Daily Std Dev | 20.01% | 20.00% |
| Max Drawdown | -42.89% | -58.15% |
| Current Drawdown | -0.94% | -0.96% |
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SPSM vs. IJR - Expense Ratio Comparison
SPSM has a 0.05% expense ratio, which is lower than IJR's 0.07% 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%.
Correlation
The correlation between SPSM and IJR is 0.97, 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.
Risk-Adjusted Performance
SPSM vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 600 Small Cap ETF (SPSM) 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
SPSM vs. IJR - Dividend Comparison
SPSM's dividend yield for the trailing twelve months is around 1.74%, more than IJR's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 1.74% | 1.61% | 1.38% | 1.41% | 1.17% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% | 1.70% | 0.68% |
IJR iShares Core S&P Small-Cap ETF | 1.21% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
SPSM vs. IJR - Drawdown Comparison
The maximum SPSM drawdown since its inception was -42.89%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for SPSM and IJR. For additional features, visit the drawdowns tool.
Volatility
SPSM vs. IJR - Volatility Comparison
SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and iShares Core S&P Small-Cap ETF (IJR) have volatilities of 7.61% and 7.60%, 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.