VGK vs. IJS

Last updated Aug 4, 2026

VGK (Vanguard FTSE Europe ETF) and IJS (iShares S&P SmallCap 600 Value ETF) are both exchange-traded funds - VGK is a Europe Equities fund tracking the FTSE Developed Europe All Cap Index, while IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 10 years, VGK returned 10.04%/yr vs 10.13%/yr for IJS. Their 0.69 correlation means they have sometimes moved together and sometimes differently. VGK charges 0.06%/yr vs 0.25%/yr for IJS.

Performance

VGK vs. IJS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Europe ETF (VGK) and iShares S&P SmallCap 600 Value ETF (IJS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGK achieves a 10.75% return, which is significantly lower than IJS's 22.21% return. Both investments have delivered pretty close results over the past 10 years, with VGK having a 10.04% annualized return and IJS not far ahead at 10.13%.

VGK

• 1D: 0.38%
• 1M: 1.77%
• 6M: 4.99%
• YTD: 10.75%
• 1Y: 24.53%
• 3Y*: 17.52%
• 5Y*: 9.15%
• 10Y*: 10.04%
• ALL TIME*: 6.49%

IJS

• 1D: 1.63%
• 1M: 2.02%
• 6M: 13.63%
• YTD: 22.21%
• 1Y: 41.71%
• 3Y*: 13.61%
• 5Y*: 8.71%
• 10Y*: 10.13%
• ALL TIME*: 10.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IJS iShares S&P SmallCap 600 Value ETF	$28.67M	$28.65M	$50.11M
VGK Vanguard FTSE Europe ETF	$216.43M	$182.63M	$227.46M

VGK vs. IJS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGK Vanguard FTSE Europe ETF	10.75%	35.83%	1.88%	20.19%	-15.98%	16.89%	5.43%	24.85%	-14.89%	26.98%
IJS iShares S&P SmallCap 600 Value ETF	22.21%	6.54%	7.33%	14.68%	-11.34%	30.53%	2.63%	24.11%	-12.86%	11.35%

Correlation

The correlation between VGK and IJS is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (10Y) Provides a long-term view across more market conditions.	0.64
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005	0.69

The correlation between VGK and IJS has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

VGK vs. IJS - Sectors Allocation Comparison

Sectors	VGK	IJS
Financial Services	24.1%	21.6%
Industrials	20.0%	12.9%
Healthcare	12.6%	6.3%
Technology	9.9%	11.5%
Consumer Defensive	7.8%	5.5%
Consumer Cyclical	7.0%	15.0%
Basic Materials	5.2%	5.9%
Energy	4.5%	7.6%
Utilities	4.5%	2.1%
Communication Services	2.8%	3.5%
Real Estate	1.5%	8.3%

Return for Risk

VGK vs. IJS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VGK

VGK Risk / Return Rank: 63
VGK Sharpe Ratio Rank: 66
VGK Sortino Ratio Rank: 67
VGK Omega Ratio Rank: 63
VGK Calmar Ratio Rank: 56
VGK Martin Ratio Rank: 63

IJS

IJS Risk / Return Rank: 91
IJS Sharpe Ratio Rank: 91
IJS Sortino Ratio Rank: 92
IJS Omega Ratio Rank: 89
IJS Calmar Ratio Rank: 93
IJS Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VGK vs. IJS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Europe ETF (VGK) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VGK	IJS	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.37	-0.82
Sortino ratio: Return per unit of downside risk	2.25	3.39	-1.15
Omega ratio: Gain probability vs. loss probability	1.27	1.41	-0.14
Calmar ratio: Return relative to maximum drawdown	2.04	4.51	-2.48
Martin ratio: Return relative to average drawdown	7.76	15.48	-7.72

VGK vs. IJS - Sharpe Ratio Comparison

The current VGK Sharpe Ratio is 1.55, which is lower than the IJS Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of VGK 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.

Drawdowns

VGK vs. IJS - Drawdown Comparison

The maximum VGK drawdown since its inception was -63.61%, which is greater than IJS's maximum drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for VGK and IJS.

Drawdown Indicators

	VGK	IJS	Difference
Max Drawdown Largest peak-to-trough decline	-63.61%	-60.11%	-3.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-9.28%	-2.81%
Max Drawdown (3Y) Largest decline over 3 years	-14.31%	-28.65%	+14.34%
Max Drawdown (5Y) Largest decline over 5 years	-32.74%	-28.65%	-4.09%
Max Drawdown (10Y) Largest decline over 10 years	-37.24%	-47.68%	+10.44%
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-13.25%	-9.84%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.70%	+0.47%

Volatility

VGK vs. IJS - Volatility Comparison

Vanguard FTSE Europe ETF (VGK) has a higher volatility of 4.11% compared to iShares S&P SmallCap 600 Value ETF (IJS) at 3.79%. This indicates that VGK's price experiences larger fluctuations and is considered to be riskier than IJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGK	IJS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	3.79%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	13.73%	11.23%	+2.50%
Volatility (1Y) Calculated over the trailing 1-year period	15.88%	17.68%	-1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.98%	21.73%	-3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.49%	23.55%	-5.06%

VGK vs. IJS - Expense Ratio Comparison

VGK has a 0.06% expense ratio, which is lower than IJS's 0.25% 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%.

Dividends

VGK vs. IJS - Dividend Comparison

VGK's dividend yield for the trailing twelve months is around 2.82%, more than IJS's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJS iShares S&P SmallCap 600 Value ETF	1.30%	1.62%	1.78%	1.42%	1.46%	1.52%	1.00%	1.66%	1.75%	1.41%	1.22%	1.59%
VGK Vanguard FTSE Europe ETF	2.82%	2.86%	3.61%	3.15%	3.25%	3.05%	2.11%	3.27%	3.95%	2.70%	3.52%	3.25%

Frequently Asked Questions

Can I hold both VGK and IJS in my portfolio?

VGK and IJS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGK or IJS?

VGK has higher volatility (4.11%) compared to IJS (3.79%). In terms of maximum drawdown, VGK dropped -63.61% vs IJS's -60.11%.

Which ETF is better, VGK or IJS?

On 10-year performance, IJS leads with 10.13% vs 10.04% for VGK. On fees, VGK is cheaper at 0.06% per year. On volatility, IJS has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VGK or IJS?

Over the 10-year period, IJS has performed better with a 10.13% return vs 10.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VGK or IJS?

VGK is cheaper with a 0.06% expense ratio, compared with 0.25% for IJS.

Which ETF pays a higher dividend yield, VGK or IJS?

VGK has the higher dividend yield at 2.82%, compared with 1.30% for IJS.

What is the main difference between VGK and IJS?

VGK is categorized as Europe Equities, while IJS is Small Cap Value Equities. VGK tracks FTSE Developed Europe All Cap Index, while IJS tracks S&P SmallCap 600 Value Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.06% for VGK and 0.25% for IJS.

Which has better risk-adjusted returns?

IJS currently has the higher Sharpe Ratio (2.37 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.