ZION vs. IJH
ZION (Zions Bancorporation, National Association) is a stock, while IJH (iShares Core S&P Mid-Cap ETF) is Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. Over the past 10 years, ZION returned 12.68%/yr vs 11.43%/yr for IJH. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
ZION vs. IJH - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ZION having a 14.71% return and IJH slightly higher at 15.37%. Over the past 10 years, ZION has outperformed IJH with an annualized return of 12.68%, while IJH has yielded a comparatively lower 11.43% annualized return.
ZION
- 1D
- 0.03%
- 1M
- 9.88%
- YTD
- 14.71%
- 6M
- 12.75%
- 1Y
- 41.33%
- 3Y*
- 37.06%
- 5Y*
- 9.36%
- 10Y*
- 12.68%
IJH
- 1D
- 1.07%
- 1M
- 6.33%
- YTD
- 15.37%
- 6M
- 14.83%
- 1Y
- 27.00%
- 3Y*
- 15.37%
- 5Y*
- 9.37%
- 10Y*
- 11.43%
ZION vs. IJH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZION Zions Bancorporation, National Association | 14.71% | 11.58% | 28.19% | -6.29% | -20.02% | 49.11% | -13.17% | 31.00% | -18.25% | 19.29% |
IJH iShares Core S&P Mid-Cap ETF | 15.37% | 7.42% | 13.92% | 16.40% | -13.11% | 24.72% | 13.60% | 26.10% | -11.19% | 16.26% |
Correlation
The correlation between ZION and IJH is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.64 |
The correlation between ZION and IJH has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
ZION vs. IJH — Risk / Return Rank
ZION
IJH
ZION vs. IJH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zions Bancorporation, National Association (ZION) 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.
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.
| ZION | IJH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.07 | -1.06 |
| Martin ratioReturn relative to average drawdown | 5.71 | 11.23 | -5.51 |
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Drawdowns
ZION vs. IJH - Drawdown Comparison
The maximum ZION drawdown since its inception was -92.20%, which is greater than IJH's maximum drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for ZION and IJH.
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Drawdown Indicators
| ZION | IJH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.20% | -55.07% | -37.13% |
Max Drawdown (1Y)Largest decline over 1 year | -20.66% | -8.83% | -11.83% |
Max Drawdown (3Y)Largest decline over 3 years | -32.43% | -24.10% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -72.23% | -24.10% | -48.13% |
Max Drawdown (10Y)Largest decline over 10 years | -72.23% | -42.18% | -30.05% |
Current DrawdownCurrent decline from peak | -1.61% | -0.50% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -32.41% | -7.56% | -24.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 2.41% | +4.85% |
Volatility
ZION vs. IJH - Volatility Comparison
Zions Bancorporation, National Association (ZION) has a higher volatility of 6.72% compared to iShares Core S&P Mid-Cap ETF (IJH) at 4.87%. This indicates that ZION's price experiences larger fluctuations and is considered to be riskier 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
| ZION | IJH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 4.87% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 19.08% | 11.71% | +7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.43% | 15.84% | +14.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.56% | 19.77% | +22.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.56% | 21.20% | +18.36% |
Dividends
ZION vs. IJH - Dividend Comparison
ZION's dividend yield for the trailing twelve months is around 2.72%, more than IJH's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJH iShares Core S&P Mid-Cap ETF | 1.17% | 1.36% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% |
ZION Zions Bancorporation, National Association | 2.72% | 3.01% | 3.06% | 3.74% | 3.21% | 2.28% | 3.13% | 2.47% | 2.55% | 0.87% | 0.65% | 0.81% |
Frequently Asked Questions
ZION and IJH have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZION has higher volatility (6.72%) compared to IJH (4.87%). In terms of maximum drawdown, ZION dropped -92.20% vs IJH's -55.07%.
IJH currently has the higher Sharpe Ratio (1.71 vs 1.37), 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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