SPY4.DE vs. IJH

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) and iShares Core S&P Mid-Cap ETF (IJH).

SPY4.DE and IJH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY4.DE is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400. It was launched on Jan 30, 2012. IJH is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400 Index. It was launched on May 22, 2000. Both SPY4.DE and IJH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPY4.DE vs. IJH - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) and iShares Core S&P Mid-Cap ETF (IJH). The values are adjusted to include any dividend payments, if applicable.

SPY4.DE vs. IJH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF	3.67%	-3.63%	18.67%	13.23%	-8.82%	35.58%	2.35%	29.19%	-8.75%	1.67%
IJH iShares Core S&P Mid-Cap ETF	5.01%	-5.33%	21.44%	12.91%	-7.72%	34.04%	4.23%	28.94%	-7.02%	1.97%

Different Trading Currencies

SPY4.DE is traded in EUR, while IJH is traded in USD. To make them comparable, the IJH values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPY4.DE achieves a 3.67% return, which is significantly lower than IJH's 5.01% return. Over the past 10 years, SPY4.DE has underperformed IJH with an annualized return of 9.89%, while IJH has yielded a comparatively higher 10.40% annualized return.

SPY4.DE

• 1D: 2.11%
• 1M: -3.36%
• YTD: 3.67%
• 6M: 6.28%
• 1Y: 9.65%
• 3Y*: 9.63%
• 5Y*: 6.70%
• 10Y*: 9.89%

IJH

• 1D: 0.74%
• 1M: -4.33%
• YTD: 5.01%
• 6M: 6.23%
• 1Y: 9.81%
• 3Y*: 9.97%
• 5Y*: 7.13%
• 10Y*: 10.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPY4.DE vs. IJH - Expense Ratio Comparison

SPY4.DE has a 0.30% expense ratio, which is higher than IJH's 0.05% expense ratio.

SPY4.DE

SPDR S&P 400 US Mid Cap UCITS ETF

IJH

iShares Core S&P Mid-Cap ETF

Return for Risk

SPY4.DE vs. IJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPY4.DE

SPY4.DE Risk / Return Rank: 29
SPY4.DE Sharpe Ratio Rank: 25
SPY4.DE Sortino Ratio Rank: 25
SPY4.DE Omega Ratio Rank: 25
SPY4.DE Calmar Ratio Rank: 35
SPY4.DE Martin Ratio Rank: 35

IJH

IJH Risk / Return Rank: 47
IJH Sharpe Ratio Rank: 44
IJH Sortino Ratio Rank: 46
IJH Omega Ratio Rank: 45
IJH Calmar Ratio Rank: 48
IJH Martin Ratio Rank: 55

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.

SPY4.DE vs. IJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) and iShares Core S&P Mid-Cap ETF (IJH). 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.

	SPY4.DE	IJH	Difference
Sharpe ratio Return per unit of total volatility	0.47	0.43	+0.05
Sortino ratio Return per unit of downside risk	0.76	0.74	+0.02
Omega ratio Gain probability vs. loss probability	1.11	1.11	0.00
Calmar ratio Return relative to maximum drawdown	0.96	0.69	+0.27
Martin ratio Return relative to average drawdown	3.42	2.53	+0.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPY4.DE vs. IJH - Sharpe Ratio Comparison

The current SPY4.DE Sharpe Ratio is 0.47, which is comparable to the IJH Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of SPY4.DE and IJH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPY4.DE	IJH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	0.43	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.37	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.49	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.44	+0.17

Correlation

The correlation between SPY4.DE and IJH is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPY4.DE vs. IJH - Dividend Comparison

SPY4.DE has not paid dividends to shareholders, while IJH's dividend yield for the trailing twelve months is around 1.30%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IJH iShares Core S&P Mid-Cap ETF	1.30%	1.36%	1.33%	1.46%	1.68%	1.18%	1.28%	1.63%	1.72%	1.19%	1.60%	1.56%

Drawdowns

SPY4.DE vs. IJH - Drawdown Comparison

The maximum SPY4.DE drawdown since its inception was -42.72%, smaller than the maximum IJH drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for SPY4.DE and IJH.

Drawdown Indicators

	SPY4.DE	IJH	Difference
Max Drawdown Largest peak-to-trough decline	-42.72%	-55.07%	+12.35%
Max Drawdown (1Y) Largest decline over 1 year	-15.98%	-14.16%	-1.82%
Max Drawdown (5Y) Largest decline over 5 years	-29.11%	-24.10%	-5.01%
Max Drawdown (10Y) Largest decline over 10 years	-42.72%	-42.18%	-0.54%
Current Drawdown Current decline from peak	-7.91%	-5.34%	-2.57%
Average Drawdown Average peak-to-trough decline	-5.91%	-7.61%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	3.29%	-0.62%

Volatility

SPY4.DE vs. IJH - Volatility Comparison

The current volatility for SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) is 5.05%, while iShares Core S&P Mid-Cap ETF (IJH) has a volatility of 5.51%. This indicates that SPY4.DE experiences smaller price fluctuations and is considered to be less risky than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPY4.DE	IJH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	5.51%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	12.19%	-1.65%
Volatility (1Y) Calculated over the trailing 1-year period	20.42%	23.18%	-2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.39%	19.30%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	21.48%	-1.94%