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TUSA vs. IJH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TUSA vs. IJH

Last updated Jun 5, 2026

TUSA (First Trust Total US Market AlphaDEX ETF) and IJH (iShares Core S&P Mid-Cap ETF) are both Mid Cap Blend Equities funds - TUSA tracks the NASDAQ AlphaDEX Total US Market Index while IJH tracks the S&P MidCap 400 Index. Both are passively managed. Over the past 10 years, TUSA returned 10.84%/yr vs 11.23%/yr for IJH. A 0.66 correlation means they provide meaningful diversification when combined. TUSA charges 0.70%/yr vs 0.05%/yr for IJH.

Performance

TUSA vs. IJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Total US Market AlphaDEX ETF (TUSA) and iShares Core S&P Mid-Cap ETF (IJH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TUSA achieves a 7.45% return, which is significantly lower than IJH's 14.60% return. Both investments have delivered pretty close results over the past 10 years, with TUSA having a 10.84% annualized return and IJH not far ahead at 11.23%.

TUSA

1D
0.85%
1M
-1.71%
YTD
7.45%
6M
7.32%
1Y
19.84%
3Y*
16.73%
5Y*
6.50%
10Y*
10.84%

IJH

1D
0.44%
1M
2.99%
YTD
14.60%
6M
14.27%
1Y
26.23%
3Y*
16.69%
5Y*
8.26%
10Y*
11.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TUSA vs. IJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TUSA
First Trust Total US Market AlphaDEX ETF		7.45%13.64%11.12%11.75%-13.54%24.79%14.16%24.29%-10.35%20.07%
IJH
iShares Core S&P Mid-Cap ETF		14.60%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-11.19%16.26%

Correlation

The correlation between TUSA and IJH is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.73

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

0.82

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

0.84

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

0.76

Correlation (All Time)
Calculated using the full available price history since Apr 29, 2004

0.66

The correlation between TUSA and IJH shifts across timeframes, from 0.66 (all time) to 0.84 (5 years), reflecting how their relationship changes across market environments.

TUSA vs. IJH - Sectors Allocation Comparison

Sectors
TUSA
IJH

Financial Services

31.9%
14.4%

Industrials

19.8%
25.0%

Consumer Cyclical

16.0%
10.7%

Basic Materials

14.1%
4.8%

Utilities

7.5%
3.1%

Technology

6.1%
15.7%

Consumer Defensive

4.1%
3.8%

Real Estate

2.1%
7.5%

Healthcare

2.0%
8.6%

Communication Services

2.0%
1.0%

Energy

1.9%
5.5%

Financial Services

TUSA
31.9%
IJH
14.4%

Industrials

TUSA
19.8%
IJH
25.0%

Consumer Cyclical

TUSA
16.0%
IJH
10.7%

Basic Materials

TUSA
14.1%
IJH
4.8%

Utilities

TUSA
7.5%
IJH
3.1%

Technology

TUSA
6.1%
IJH
15.7%

Consumer Defensive

TUSA
4.1%
IJH
3.8%

Real Estate

TUSA
2.1%
IJH
7.5%

Healthcare

TUSA
2.0%
IJH
8.6%

Communication Services

TUSA
2.0%
IJH
1.0%

Energy

TUSA
1.9%
IJH
5.5%

Compare stocks, funds, or ETFs

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

First Trust Total US Market AlphaDEX ETF

iShares Core S&P Mid-Cap ETF

Often compared with TUSA:
TUSA vs. FTDSTUSA vs. RYJTUSA vs. PWCTUSA vs. QQQTUSA vs. CSDTUSA vs. MOOTUSA vs. EPU
Often compared with IJH:
IJH vs. VOIJH vs. IJRIJH vs. MDYIJH vs. IJJIJH vs. IJKIJH vs. IVOOIJH vs. SCHM

Return for Risk

TUSA vs. IJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TUSA
TUSA Risk / Return Rank: 4949
Overall Rank
TUSA Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
TUSA Sortino Ratio Rank: 4848
Sortino Ratio Rank
TUSA Omega Ratio Rank: 4343
Omega Ratio Rank
TUSA Calmar Ratio Rank: 6262
Calmar Ratio Rank
TUSA Martin Ratio Rank: 4949
Martin Ratio Rank
IJH
IJH Risk / Return Rank: 5555
Overall Rank
IJH Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 5252
Sortino Ratio Rank
IJH Omega Ratio Rank: 4949
Omega Ratio Rank
IJH Calmar Ratio Rank: 6161
Calmar Ratio Rank
IJH Martin Ratio Rank: 6262
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.

TUSA vs. IJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Total US Market AlphaDEX ETF (TUSA) 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.

TUSAIJHDifference
Sharpe ratioReturn per unit of total volatility
1.55
1.70

-0.15

Sortino ratioReturn per unit of downside risk
2.34
2.48

-0.14

Omega ratioGain probability vs. loss probability

1.27

1.30

-0.03

Calmar ratioReturn relative to maximum drawdown

3.03

2.98

+0.05

Martin ratioReturn relative to average drawdown

8.12

10.93

-2.81

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

TUSA vs. IJH - Sharpe Ratio Comparison

The current TUSA Sharpe Ratio is 1.55, which is comparable to the IJH Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of TUSA and IJH, 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

TUSAIJHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

1.70

-0.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.37

0.42

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.53

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

0.46

-0.14

Drawdowns

TUSA vs. IJH - Drawdown Comparison

The maximum TUSA drawdown since its inception was -56.53%, roughly equal to the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for TUSA and IJH.

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Drawdown Indicators

TUSAIJHDifference

Max Drawdown

Largest peak-to-trough decline

-56.53%

-55.07%

-1.46%

Max Drawdown (1Y)

Largest decline over 1 year

-6.57%

-8.83%

+2.26%

Max Drawdown (3Y)

Largest decline over 3 years

-18.04%

-24.10%

+6.06%

Max Drawdown (5Y)

Largest decline over 5 years

-23.35%

-24.10%

+0.75%

Max Drawdown (10Y)

Largest decline over 10 years

-42.47%

-42.18%

-0.29%

Current Drawdown

Current decline from peak

-3.65%

0.00%

-3.65%

Average Drawdown

Average peak-to-trough decline

-9.87%

-7.57%

-2.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.45%

2.41%

+0.04%

Volatility

TUSA vs. IJH - Volatility Comparison

The current volatility for First Trust Total US Market AlphaDEX ETF (TUSA) is 3.58%, while iShares Core S&P Mid-Cap ETF (IJH) has a volatility of 4.24%. This indicates that TUSA 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.

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Volatility by Period

TUSAIJHDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.58%

4.24%

-0.66%

Volatility (6M)

Calculated over the trailing 6-month period

8.90%

11.31%

-2.41%

Volatility (1Y)

Calculated over the trailing 1-year period

12.90%

15.50%

-2.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.65%

19.74%

-2.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.14%

21.17%

-1.03%

TUSA vs. IJH - Expense Ratio Comparison

TUSA has a 0.70% expense ratio, which is higher than IJH's 0.05% expense ratio.

Dividends

TUSA vs. IJH - Dividend Comparison

TUSA's dividend yield for the trailing twelve months is around 1.64%, more than IJH's 1.18% yield.

PositionTTM20252024202320222021202020192018201720162015
IJH
iShares Core S&P Mid-Cap ETF		1.18%1.36%1.33%1.46%1.68%1.18%1.28%1.63%1.72%1.19%1.60%1.56%
TUSA
First Trust Total US Market AlphaDEX ETF		1.64%1.59%2.05%2.15%2.31%0.72%0.99%1.13%1.14%0.79%1.24%0.95%

Frequently Asked Questions

TUSA and IJH have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IJH has higher volatility (4.24%) compared to TUSA (3.58%). In terms of maximum drawdown, TUSA dropped -56.53% vs IJH's -55.07%.

On 10-year performance, IJH leads with 11.23% vs 10.84% for TUSA. On fees, IJH is cheaper at 0.05% per year. On volatility, TUSA has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IJH has performed better with a 11.23% return vs 10.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJH is cheaper with a 0.05% expense ratio, compared with 0.70% for TUSA.

TUSA has the higher dividend yield at 1.64%, compared with 1.18% for IJH.

TUSA tracks NASDAQ AlphaDEX Total US Market Index, while IJH tracks S&P MidCap 400 Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.70% for TUSA and 0.05% for IJH.

IJH currently has the higher Sharpe Ratio (1.70 vs 1.55), 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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