iShares S&P Small-Cap 600 Value ETF (IJS)
$128.88−0.60%close of Oct 16, 2026
iShares S&P Small-Cap 600 Value ETF (IJS) is an exchange-traded fund (ETF) run by iShares (BlackRock). This fund owns small US companies that look cheap compared with their earnings, sales and book value. It charges 0.18% a year. From July 2000 to October 2026 it returned about 9.7% a year, and its worst drop was −60.1%.
Written by the Tactfolio research team. Fund facts checked October 16, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.18%
- about $18 on $10,000
- 1-year return
- 19.2%
- to Oct 16, 2026
- Return per year
- 9.7%
- since July 2000
- Worst drop
- −60.1%
- since 2000
- Below its high
- −8.0%
- now
- Volatility
- 23.7%
- yearly swings
- Issuer
- iShares (BlackRock)
- Tracks
- S&P SmallCap 600 Value Index
- Started trading
- July 24, 2000
- Type
- US stocks, ETF
- Holdings
- 480 holdings as of October 15, 2026
- Expense ratio
- 0.18% a year
How has IJS done since 2000?#
From July 2000 to October 2026, IJS returned about 9.7% a year. The S&P 500 returned about 8.5% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $112,120 at the end, with every dividend reinvested.
| Period | IJS | S&P 500 (SPY) |
|---|---|---|
| 1 month | −2.5% | 1.5% |
| 3 months | −6.3% | 1.9% |
| 6 months | 3.8% | 9.3% |
| Year to date | 14.5% | 12.8% |
| 1 year | 19.2% | 16.8% |
| 3 years per year | 15.7% | 22.0% |
| 5 years per year | 6.1% | 12.8% |
| 10 years per year | 9.5% | 15.4% |
| Since 2000 per year | 9.7% | 8.5% |
Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.
IJS returns by month and year#
IJS rose in 199 of its 316 months (63%). Its best month was November 2020, at 19.2%. Its worst was March 2020, at −25.8%.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.5% | 6.5 | 1.4 | −3.4 | 9.2 | 1.1 | 5.0 | −0.5 | 0.5 | −5.8 | 0.6 | ||
| 2025 | 6.5% | 1.7 | −5.4 | −6.4 | −5.8 | 4.3 | 4.4 | 1.4 | 8.6 | 1.4 | −0.3 | 2.9 | 0.8 |
| 2024 | 7.3% | −5.4 | 2.4 | 3.4 | −6.5 | 4.6 | −2.7 | 11.8 | −1.4 | 0.9 | −1.8 | 10.8 | −6.9 |
| 2023 | 14.7% | 12.0 | −1.7 | −6.5 | −2.4 | −3.7 | 8.5 | 6.0 | −5.0 | −6.3 | −6.4 | 9.1 | 13.3 |
| 2022 | −11.3% | −4.4 | 2.3 | 0.5 | −6.4 | 2.3 | −9.0 | 8.5 | −4.2 | −10.4 | 14.4 | 3.8 | −6.5 |
| 2021 | 30.5% | 6.3 | 10.8 | 5.6 | 1.7 | 3.9 | −0.7 | −4.4 | 1.8 | −1.4 | 2.9 | −2.6 | 4.1 |
| 2020 | 2.6% | −6.3 | −10.1 | −25.8 | 13.9 | 2.6 | 3.6 | 2.6 | 5.1 | −5.2 | 3.7 | 19.2 | 7.5 |
| 2019 | 24.1% | 12.3 | 4.1 | −3.9 | 4.3 | −10.0 | 7.7 | 1.3 | −5.1 | 5.6 | 2.0 | 2.7 | 2.8 |
| 2018 | −12.8% | 1.3 | −4.0 | 1.4 | 1.8 | 5.9 | 0.8 | 2.6 | 3.1 | −3.0 | −9.9 | 0.6 | −12.4 |
| 2017 | 11.3% | −1.2 | 1.4 | −0.6 | 0.5 | −2.3 | 3.0 | 0.8 | −2.7 | 8.6 | 0.6 | 3.8 | −0.4 |
| 2016 | 31.2% | −5.8 | 2.1 | 9.4 | 2.1 | 0.4 | 0.8 | 5.1 | 1.1 | 0.9 | −3.7 | 13.3 | 3.2 |
| 2015 | −6.9% | −5.3 | 5.9 | 1.0 | −1.8 | 0.8 | 0.4 | −2.7 | −4.6 | −3.8 | 6.6 | 2.5 | −5.1 |
| 2014 | 7.6% | −3.5 | 4.6 | 1.3 | −2.3 | 0.6 | 3.8 | −5.1 | 4.5 | −5.9 | 7.1 | 0.5 | 2.6 |
| 2013 | 39.4% | 5.4 | 1.6 | 4.1 | 0.1 | 4.3 | −0.1 | 6.6 | −3.4 | 6.6 | 3.5 | 4.3 | 1.3 |
| 2012 | 18.3% | 7.9 | 1.7 | 2.9 | −1.9 | −7.2 | 4.6 | −0.7 | 4.1 | 3.1 | −2.0 | 1.7 | 3.6 |
| 2011 | −1.6% | −0.2 | 4.2 | 2.2 | 1.1 | −1.8 | −1.6 | −2.8 | −8.0 | −10.6 | 15.3 | 0.6 | 2.0 |
| 2010 | 24.7% | −2.5 | 4.8 | 7.8 | 6.6 | −8.5 | −8.3 | 6.7 | −7.9 | 10.9 | 4.0 | 2.5 | 9.0 |
| 2009 | 22.4% | −13.9 | −13.0 | 7.6 | 18.9 | 0.7 | 1.5 | 11.0 | 3.5 | 4.2 | −6.1 | 2.9 | 8.1 |
| 2008 | −29.4% | −4.0 | −3.4 | 0.8 | 2.6 | 3.9 | −8.4 | 2.9 | 4.8 | −4.8 | −19.9 | −11.8 | 6.6 |
| 2007 | −5.6% | 2.1 | −0.9 | 0.9 | 1.8 | 4.6 | −2.2 | −6.3 | 1.3 | 0.3 | 1.1 | −7.1 | −0.7 |
| 2006 | 19.4% | 8.8 | 0.3 | 4.9 | 0.2 | −4.5 | 0.0 | −3.1 | 2.7 | 1.2 | 5.5 | 2.4 | 0.3 |
| 2005 | 6.0% | −3.2 | 2.9 | −2.4 | −5.1 | 6.2 | 3.9 | 5.8 | −1.9 | 0.1 | −3.4 | 4.9 | −1.0 |
| 2004 | 22.6% | 2.2 | 2.5 | 1.8 | −3.9 | 1.6 | 5.4 | −4.7 | 0.2 | 4.7 | 1.0 | 9.1 | 1.6 |
| 2003 | 39.8% | −4.0 | −4.0 | −0.1 | 8.8 | 9.4 | 2.9 | 4.9 | 5.0 | −3.5 | 9.1 | 4.3 | 2.7 |
| 2002 | −14.0% | 2.1 | −0.4 | 8.7 | 4.0 | −3.6 | −4.6 | −15.8 | −0.4 | −7.9 | 2.6 | 5.5 | −2.7 |
| 2001 | 11.7% | 7.9 | −4.2 | −4.9 | 6.8 | 2.9 | 2.0 | −0.2 | −1.0 | −14.5 | 4.5 | 7.6 | 6.8 |
| 2000 | 15.8% | 0.7 | 7.4 | −0.2 | −0.9 | −4.1 | 12.9 |
Each month runs from the last close of the month before. The first month counts from the first close.
How risky is IJS compared with the S&P 500?#
Measured from October 2021 to October 2026, on the days both traded.
- Beta 0.97. When the S&P 500 moved 1% in a day, IJS tended to move about 0.97%.
- Correlation 0.78. IJS moved with the S&P 500 some of the time.
- Up and down months. In months the S&P 500 rose, IJS rose 94% as much on average. In months it fell, IJS fell 123% as much.
| Measure | IJS | S&P 500 (SPY) |
|---|---|---|
| Return per year | 6.1% | 12.8% |
| Volatility | 21.5% | 17.1% |
| Worst drop | −28.6% | −24.5% |
| Sharpe ratio | 0.38 | 0.79 |
| Sortino ratio | 0.56 | 1.15 |
| Calmar ratio | 0.21 | 0.52 |
Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.
Is IJS above its 200-day average?#
IJS closed 0.8% above its 200-day average on October 16, 2026. A rule that holds IJS only above that average would hold it today.
- vs 200-day average
- +0.8%
- above it
- 50-day vs 200-day
- +4.6%
- trend rising
- vs 52-week high
- −8.0%
- high of $140.09
A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for IJS and backtest it in a minute.
What was IJS’s worst drop?#
A drawdown is how far a fund falls from its last high point. IJS’s worst fall was −60.1%, from June 4, 2007 to March 9, 2009. It got back to that high on February 1, 2012. On October 16, 2026 it was 8.0% below its highest close.
| Drop | From the high | To the bottom | Back to the high |
|---|---|---|---|
| −60.1% | Jun 4, 2007 | Mar 9, 200921 months | Feb 1, 20122.9 years |
| −47.7% | Aug 22, 2018 | Mar 23, 202019 months | Jan 6, 20219 months |
| −36.4% | May 3, 2002 | Oct 9, 20025 months | Nov 26, 200314 months |
| −28.6% | Nov 25, 2024 | Apr 8, 20254 months | Dec 10, 20258 months |
| −24.3% | Nov 5, 2021 | Sep 30, 202211 months | Jul 16, 202422 months |
Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
What does IJS hold?#
This fund owns small US companies that look cheap compared with their earnings, sales and book value. These are called value stocks. Small company prices can rise and fall a lot.
It tracks the S&P SmallCap 600 Value Index. It had 480 holdings as of October 15, 2026, according to iShares (BlackRock).
What is the IJS expense ratio?#
IJS charges 0.18% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.18% fee comes to about $18 a year. Of the 162 ETFs on Tactfolio, 34% charge more.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
Which Tactfolio strategies hold IJS?#
One classic strategy holds IJS at least some of the time. Each is a set of written rules you can open, test and copy.
- Papa Bear Portfolio (Muscular Portfolios), by Brian Livingston, 2018
How does IJS compare with similar ETFs?#
Funds that can stand in for IJS:
- VBR: Vanguard Morningstar Small-Cap Value ETF, 0.05% a year
- IWN: iShares Russell 2000 Value ETF, 0.24% a year
- AVUV: Avantis U.S. Small Cap Value ETF, 0.25% a year
- SCHA: Schwab U.S. Small-Cap ETF, 0.03% a year
See all 8 IJS alternatives, compared on the same dates as IJS.
Test IJS in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add IJS, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for IJS and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.
Fund facts come from iShares (BlackRock). We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of IJS?#
IJS charges 0.18% a year, according to iShares (BlackRock) as of October 16, 2026. That is about $18 a year for every $10,000 you hold.
When did IJS start trading?#
IJS started trading on July 24, 2000. It is run by iShares (BlackRock).
What does IJS track?#
IJS tracks the S&P SmallCap 600 Value Index. This fund owns small US companies that look cheap compared with their earnings, sales and book value.
How much has IJS returned per year?#
From July 2000 to October 2026, IJS returned about 9.7% a year with dividends reinvested. Its worst drop was −60.1%. Past returns do not tell you what it will do next.
Is IJS above its 200-day moving average?#
On October 16, 2026, IJS closed 0.8% above its 200-day moving average. This page updates after each US market close.
Which strategies use IJS?#
One of Tactfolio’s classic strategies hold IJS, including Papa Bear Portfolio (Muscular Portfolios).