IJS vs SPY
iShares S&P SmallCap 600 Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IJS or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. IJS led over 1Y and the full window, SPY over 3Y and 5Y. IJS is less concentrated, with 9.8% of the fund in its ten largest positions against 37.8%.
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 | IJS | SPY |
|---|---|---|
| Expense Ratio | 0.18% | 0.09%Best |
| AUM | $8.1B | $804.7B |
| Dividend Yield | 1.32% | 0.98% |
| Holdings | 487 | 505 |
| YTD Return | +15.68%Best | +12.09% |
| 1Y Return | +18.79%Best | +16.29% |
| 3Y Return (annualized) | +14.65% | +21.20%Best |
| 5Y Return (annualized) | +7.94% | +13.37%Best |
| Volatility (annualized) | 20.3% | 15.2%Best |
| Max Drawdown | -61.3% | -56.5%Best |
| $10,000 over 5 years | $14,653 | $18,728Best |
| Top 10 Weight | 9.8%Best | 37.8% |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Jul 24, 2000 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jul 28, 2000 to Sep 18, 2026 (26.1 years).
IJS vs SPY 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 26.1 years both funds cover.
IJS vs SPY Performance
iShares S&P SmallCap 600 Value ETF (IJS) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IJS returned +18.79% while SPY returned +16.29%. Year to date, IJS is up 15.68% versus a gain of 12.09% for SPY.
Over three years, IJS compounded at +14.65% per year against +21.20% for SPY; over five years the annualized figures are +7.94% and +13.37% respectively. Across the full 26-year window we track, IJS has the edge at +8.57% annualized vs +6.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IJS has been the more volatile fund, with annualized monthly volatility of 20.3% compared with 15.2% for SPY. 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 -61.3% for IJS and -56.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IJS charges 0.18% per year while SPY charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, IJS currently yields 1.32% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 458 holdings in IJS and 504 in SPY, totalling 99.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 458 positions we hold weights for in IJS and 504 in SPY, against full books of 487 and 505.
What only one of them owns
Our book lists 497 positions for SPY that do not appear in our book for IJS (99.3% of the fund), and 451 for IJS that do not appear in SPY (97.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IJS and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IJS or SPY?
IJS has an expense ratio of 0.18% while SPY charges 0.09%. SPY is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, IJS or SPY?
Over the past year IJS returned +18.79% vs +16.29% for SPY, so IJS leads on 1-year performance. Over the longest common window we track (26 years), IJS annualized +8.57% vs +6.94% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IJS or SPY?
IJS has been the more volatile fund at 20.3% annualized versus 15.2% for SPY. Worst drawdown: IJS -61.3% vs SPY -56.5%.
Should I hold both IJS and SPY?
IJS and SPY have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IJS or SPY?
IJS yields 1.32% while SPY yields 0.98%, so IJS currently pays the higher dividend yield.
Is SPY better than IJS?
SPY has a lower expense ratio. IJS led over 1Y and the full window, SPY over 3Y and 5Y. IJS is less concentrated, with 9.8% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.