IJJ vs RFV
iShares S&P Mid-Cap 400 Value ETF vs Invesco S&P Midcap 400 Pure Value ETF
Which is better, IJJ or RFV?
Nearly the same fund. IJJ costs less.
IJJ has a lower expense ratio. RFV led over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. IJJ is less concentrated, with 10.9% of the fund in its ten largest positions against 29.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IJJ | RFV |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.35% |
| AUM | $8.7B | $338M |
| Dividend Yield | 1.61% | 1.61% |
| Holdings | 307 | 97 |
| YTD Return | +11.15% | +14.63%Best |
| 1Y Return | +16.45% | +18.74%Best |
| 3Y Return (annualized) | +14.76%Tie | +14.76%Tie |
| 5Y Return (annualized) | +7.18% | +10.04%Best |
| Volatility (annualized) | 19.0%Best | 24.1% |
| Max Drawdown | -59.6%Best | -73.1% |
| $10,000 over 5 years | $14,144 | $16,134Best |
| Top 10 Weight | 10.9%Best | 29.3% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Mid Cap Value |
| Inception | Jul 24, 2000 | Mar 1, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Mar 7, 2006 to Nov 13, 2026 (20.7 years).
IJJ vs RFV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 20.7 years both funds cover.
IJJ vs RFV Performance
iShares S&P Mid-Cap 400 Value ETF (IJJ) is an ETF from iShares by BlackRock (US) and Invesco S&P Midcap 400 Pure Value ETF (RFV) is an ETF from Invesco (US). Over the past year IJJ returned +16.45% while RFV returned +18.74%. Year to date, IJJ is up 11.15% versus a gain of 14.63% for RFV.
Over three years, IJJ compounded at +14.76% per year against +14.76% for RFV; over five years the annualized figures are +7.18% and +10.04% respectively. Across the full 21-year window we track, RFV has the edge at +8.38% annualized vs +7.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RFV has been the more volatile fund, with annualized monthly volatility of 24.1% compared with 19.0% for IJJ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -59.6% for IJJ and -73.1% for RFV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IJJ charges 0.18% per year while RFV charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, IJJ currently yields 1.61% against 1.61% for RFV.
Holdings Overlap
39.7% of IJJ's money is in holdings RFV also owns. 96.5% of RFV's money is in holdings IJJ also owns.
Most of RFV is already inside IJJ. Owning both mostly buys the same companies twice.
91 positions in common, counted across the 294 positions we hold weights for in IJJ and 95 in RFV, against full books of 307 and 97.
What only one of them owns
Measured across the 294 and 95 positions we hold weights for.
IJJ holds 200 positions RFV does not, 58.3% of the fund.
Largest: RS 1.32%, TOL 0.83%, NLY 0.81%, ENTG 0.80%, CCK 0.77%
Top Shared Holdings
| Stock | Weight in IJJ | Weight in RFV | Difference |
|---|---|---|---|
| PBFPbf Energy Inc-class A | 0.43% | 4.96% | 4.53% |
| DINOHollyfrontier | 1.00% | 4.03% | 3.03% |
| ARWArrow Electronics Inc. | 0.60% | 3.86% | 3.26% |
| AVTAvnet Inc | 0.41% | 3.91% | 3.50% |
| SNXSynnex Corp | 1.03% | 2.43% | 1.40% |
| RGAReinsurance Group Of America Inc | 1.01% | 1.85% | 0.84% |
| MOHMolina Healthcare Inc | 0.63% | 1.85% | 1.22% |
| OASChord Energy Corp | 0.47% | 1.97% | 1.50% |
| OVVOvintiv Inc | 1.08% | 1.28% | 0.20% |
| LEALear Corp. | 0.35% | 2.00% | 1.65% |
96.5% of RFV is already inside IJJ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IJJ or RFV?
IJJ has an expense ratio of 0.18% while RFV charges 0.35%. IJJ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IJJ or RFV?
Over the past year IJJ returned +16.45% vs +18.74% for RFV, so RFV leads on 1-year performance. Over the longest common window we track (21 years), IJJ annualized +7.39% vs +8.38% for RFV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IJJ or RFV?
RFV has been the more volatile fund at 24.1% annualized versus 19.0% for IJJ. Worst drawdown: IJJ -59.6% vs RFV -73.1%.
Should I hold both IJJ and RFV?
IJJ and RFV have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IJJ and RFV?
96.5% of RFV's money is in holdings IJJ also owns. 96.5% of RFV's is in holdings IJJ also owns. They hold 91 positions in common, counted across the 294 positions we hold weights for in IJJ and 95 in RFV.
Which pays a higher dividend, IJJ or RFV?
IJJ yields 1.61% while RFV yields 1.61%, so RFV currently pays the higher dividend yield.
Is RFV better than IJJ?
IJJ has a lower expense ratio. RFV led over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. IJJ is less concentrated, with 10.9% of the fund in its ten largest positions against 29.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.