IJR vs IJS: Grades, Fees and Holdings Compared

iShares Core S&P Small-Cap ETF

IJRANYSE Arca

iShares S&P Small-Cap 600 Value ETF

IJSBNYSE Arca

Overlap

66.3%by weight

Expense ratio

IJR −0.12pt a year

IJR0.06%IJS0.18%

Avg volume · 30D

IJR 13.0×the volume

IJR3.24MIJS249K

10Y return · a year

IJR +0.6pt

IJR+10.6%IJS+10.0%

IJR vs IJS Performance

Oct 29, 2021 – Oct 30, 2026

+34.3%IJR+39.1%IJS

Expense ratio: IJR 0.06%, better; IJS 0.18%
Fund size: IJR $106B; IJS $7.71B
1Y total return: IJR +20.6%; IJS +22.3%, better
Yield (12M): IJR 1.22%; IJS 1.39%, better
Holdings: IJR 609; IJS 469
Avg volume (30D): IJR 3.24M sh, better; IJS 249K sh
NAV per share: IJR $140.29; IJS $132.85
52W range

ETF.net Grade

Pillar letters and Scores for IJR, IJS, with each pillar’s weight
Pillar	IJR	IJS
Cost30% weight	A90Higher	D39
Mission25% weight	A83Higher	A70
Risk15% weight	C53Higher	C50
Tradability15% weight	A76Higher	A71
Holdings10% weight	A85Higher	B66
Durability5% weight	A82Higher	A77

Rank among S&P SmallCap 600 funds

How we build Categories ›

Same Category. IJR and IJS are both graded against the same 13 S&P SmallCap 600 funds, so their Grades compare head to head.

S&P SmallCap 600⁠

Category · 13 funds

See all 13 ›

IJR ranks 2nd and IJS 9th of 13 funds in the S&P SmallCap 600 Category.

Rank 1ASPSMState Street SPDR Portfolio S&P 600 Small Cap ETFScore 84
Rank 2AIJRiShares Core S&P Small-Cap ETFScore 79
Rank 3AVIOOVanguard S&P Small-Cap 600 ETFScore 70
Rank 8BQVMSInvesco S&P SmallCap 600 QVM Multi-factor ETFScore 61
Rank 9BIJSiShares S&P Small-Cap 600 Value ETFScore 57
Rank 10CRZGInvesco S&P SmallCap 600 Revenue ETFScore 46

Our read on each fund

ETF.net Research

IJRAiShares Core S&P Small-Cap ETF

IJSBiShares S&P Small-Cap 600 Value ETF

In short

IJR Small caps, but only the ones making money. IJR tracks the S&P SmallCap 600, an index that screens for positive earnings before a stock gets in, and it has been the big, heavily traded way to own that basket since 2000.

IJS A rules-based way to own the unglamorous end of the US market. IJS has tracked the value slice of the S&P SmallCap 600 since 2000, holding roughly 500 small companies chosen by screen rather than hunch.

Stated mandate

IJR The fund seeks to track an index representing small-capitalization U.S. equities.

IJS The fund seeks to track an index of U.S. small-capitalization equities exhibiting value characteristics.

Why people hold it

IJR The index runs a profitability screen: no positive earnings, no entry. The money-losing tail of the small-cap market never reaches the portfolio.spglobal.com
0.06% a year, against a 0.18% median for funds wrapping this same index. One of the strongest overall implementations in that peer group.
Trading since 2000 and now one of the largest, most actively traded S&P 600 funds available.
Roughly 700 US small-cap positions, cash paid out quarterly.

IJS Launched in 2000, it is one of the longest-running small-cap value index funds around, and it now carries multi-billion-dollar scale.
The mandate is written down, not improvised: follow the S&P SmallCap 600 Value Index, roughly 500 names, with no manager picking favorites.
It stays close to the index it advertises and pays distributions on a quarterly schedule.

Worth knowing

IJR Cheaper twins exist on the identical index: SPSM charges 0.03%, VIOO 0.07%. On headline fee alone, IJR is not the low bid.
Small-cap stocks move more sharply than large caps, and this is straight index exposure with no hedge or cushion.ishares.com
The earnings screen cuts both ways. When speculative, unprofitable small caps run, this index simply isn't holding them.spglobal.com

IJS The 0.18% fee sits right at the middle of the S&P 600 pack, and same-segment wrappers such as SLYV carry a lower stated expense ratio.
Two filters stack here: US small caps only, then a value screen on top. That is a narrower slice of the market than a plain S&P 600 blend fund.
Trading is moderate rather than among the busiest in its category, so bid-ask spreads carry more weight on large or rushed orders.

Full IJR profile⁠

Full IJS profile⁠

IJR vs IJS Holdings

How IJR and IJS differ

Overlap by weight

66.3%

Shared holdings make up 100% of IJS and 72.8% of IJR.

Level by level

Holdings463 in both66.3%
Sector11 Sectors91.3%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in IJR and IJS, widest gap first
Sector	More in IJRMore in IJS	IJR	IJS
Health Care	IJR +4.4 points	11.3%	6.9%
Industrials	IJR +2.5 points	17.3%	14.8%
Financials	IJS +2.3 points	18.4%	20.7%
Technology	IJR +1.8 points	12.8%	11.0%
Consumer Discretionary	IJS +1.7 points	13.5%	15.2%
Consumer Staples	IJS +1.3 points	3.9%	5.2%
Materials	IJS +1.2 points	4.2%	5.4%
Energy	IJS +1.2 points	6.6%	7.8%
Communication	IJS +0.7 points	3.4%	4.1%
Real Estate	IJS +0.2 points	6.6%	6.8%
Utilities	IJS +0.1 points	2.0%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in IJR and IJS, widest gap first
Country	More in IJRMore in IJS	IJR	IJS
United States	IJR +0.1 points	99.9%	99.8%
Singapore	IJS +0.1 points	0.1%	0.2%
Hong Kong	IJS +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

IJR6.3%
IJS9.0%

Securities held

IJR603
IJS463

Asset class

IJR: Equity
IJS: Equity

Holdings

Only in IJR140
In both463
Only in IJS0

Only in IJR

140 securities, 27.2% of IJR by weight

Viasat Inc0.60%
Protagonist Therapeutics0.53%
Ryman Hospitality Properties Reit0.52%
Tg Therapeutics0.49%
Alkermes0.43%
Etsy0.43%
Armstrong World Industries0.40%
Federal Signal Corp0.39%
Zurn Elkay Water Solutions Corp0.38%
Ligand Pharmaceuticals0.37%
Esco Technologies0.35%
Lyft Class A0.35%
Frontdoor Inc0.34%
Casella Waste Systems Class A0.33%
Enpro0.33%
Stonex Group Inc0.33%
Jbt Marel0.32%
Archrock0.32%
Granite Construction0.31%
Msg Knickerbockers Class A0.31%
Everus Construction Group0.30%
Impinj0.30%
Urban Outfitters0.30%
Axos Financial0.29%
Sensient Technologies0.28%
Ptc Therapeutics0.28%
Karman Holdings Inc0.28%
Installed Building Products0.28%
Argan0.27%
Cavco Industries0.27%
Kodiak Gas Services Inc0.27%
International Seaways0.27%
Solaris Energy Infrastructure Inc0.27%
Virtu Financial Inc Class A0.26%
Powell Industries Inc0.26%
Mirion Technologies Class A0.25%
Clear Secure Class A0.25%
Myr Group Inc0.25%
Openlane0.25%
Enova International0.25%
Mercury Systems Inc0.25%
Construction Partners Class A0.25%
Badger Meter0.24%
Pricesmart0.24%
Covista0.24%
Laureate Education0.24%
Indivior Pharmaceuticals Inc0.24%
Vse Corp0.24%
Azz Inc0.23%
Veracyte0.23%

Only in IJS

0 securities, 0.0% of IJS by weight

Weight gaps

The 100 widest of 463 Holdings in both funds.

Holding weights in IJR and IJS, widest gap first
Holding	More in IJRMore in IJS	IJR	IJS
Paycom SoftwarePAYC	IJS +0.52 points	0.58%	1.10%
Sm EnergySM	IJS +0.48 points	0.55%	1.03%
Match Group IncMTCH	IJS +0.48 points	0.54%	1.02%
Jackson Financial Class AJXN	IJS +0.42 points	0.48%	0.90%
Lincoln National CorpLNC	IJS +0.43 points	0.33%	0.76%
Carmax IncKMX	IJS +0.40 points	0.45%	0.85%
Victoria’s SecretVSXY	IJS +0.39 points	0.44%	0.83%
Eastman ChemicalEMN	IJS +0.39 points	0.43%	0.82%
PoolPOOL	IJS +0.38 points	0.43%	0.81%
Lamb Weston HoldingsLW	IJS +0.38 points	0.42%	0.80%
Epam SystemsEPAM	IJS +0.37 points	0.41%	0.78%
Mohawk IndustriesMHK	IJS +0.36 points	0.40%	0.76%
Builders Firstsource IncBLDR	IJS +0.35 points	0.40%	0.75%
Conagra BrandsCAG	IJS +0.35 points	0.40%	0.75%
Matson IncMATX	IJS +0.34 points	0.38%	0.72%
GlaukosGKOS	IJR +0.33 points	0.80%	0.47%
Molson Coors Brewing Class BTAP	IJS +0.33 points	0.36%	0.69%
Magnolia Oil Gas Corp Class AMGY	IJS +0.32 points	0.36%	0.68%
TeleflexTFX	IJS +0.30 points	0.34%	0.64%
Caesars Entertainment IncCZR	IJS +0.30 points	0.34%	0.64%
Atlantic Union BanksharesAUB	IJS +0.28 points	0.32%	0.60%
Bread Financial HoldingsBFH	IJS +0.28 points	0.15%	0.43%
Trade Desk Class ATTD	IJS +0.26 points	0.30%	0.56%
Rithm CapitalRITM	IJS +0.26 points	0.30%	0.56%
Patterson Uti Energy IncPTEN	IJS +0.26 points	0.29%	0.55%
Insight Enterprises IncNSIT	IJS +0.26 points	0.29%	0.55%
Celanese CorpCE	IJS +0.25 points	0.29%	0.54%
Lkq CorpLKQ	IJS +0.24 points	0.27%	0.51%
Crescent Energy Class ACRGY	IJS +0.23 points	0.27%	0.50%
Signet JewelersSIG	IJS +0.24 points	0.26%	0.50%
Rxo IncRXO	IJS +0.23 points	0.26%	0.49%
Fulton FinancialFULT	IJS +0.23 points	0.25%	0.48%
California ResourcesCRC	IJS +0.23 points	0.26%	0.49%
Delek Us Holdings IncDK	IJS +0.23 points	0.26%	0.49%
Life Time Group HoldingsLTH	IJR +0.23 points	0.49%	0.26%
United Community Banks IncUCB	IJS +0.22 points	0.25%	0.47%
Robert HalfRHI	IJS +0.22 points	0.25%	0.47%
Versant Media Group Inc Class AVSNT	IJS +0.22 points	0.25%	0.47%
Cathay General BancorpCATY	IJS +0.22 points	0.24%	0.46%
Core Natural ResourcesCNR	IJS +0.21 points	0.25%	0.46%
Integer Holdings CorpITGR	IJS +0.21 points	0.25%	0.46%
Meritage CorpMTH	IJS +0.21 points	0.24%	0.45%
Mdu Resources GroupMDU	IJS +0.21 points	0.24%	0.45%
Campbell SoupCPB	IJS +0.21 points	0.24%	0.45%
Apple Hospitality Reit IncAPLE	IJS +0.21 points	0.23%	0.44%
Rush Enterprises Class ARUSHA	IJS +0.20 points	0.22%	0.42%
Korn FerryKFY	IJS +0.20 points	0.22%	0.42%
Kulicke and Soffa Industries IncKLIC	IJS +0.20 points	0.22%	0.42%
Cvb Financial CorpCVBF	IJS +0.20 points	0.21%	0.41%
Vishay IntertechnologyVSH	IJS +0.20 points	0.21%	0.41%
DiodesDIOD	IJS +0.19 points	0.21%	0.40%
Geo GroupGEO	IJS +0.19 points	0.21%	0.40%
Academy Sports and OutdoorsASO	IJS +0.19 points	0.21%	0.40%
Renasant CorpRNST	IJS +0.18 points	0.21%	0.39%
OrganonOGN	IJS +0.18 points	0.21%	0.39%
Sl Green Realty Reit CorpSLG	IJS +0.18 points	0.20%	0.38%
Asbury Automotive Group IncABG	IJS +0.18 points	0.20%	0.38%
Eastern Bankshares IncEBC	IJS +0.18 points	0.10%	0.28%
HniHNI	IJS +0.18 points	0.20%	0.38%
Terreno Realty ReitTRNO	IJR +0.18 points	0.41%	0.23%
Highwoods Properties ReitHIW	IJS +0.18 points	0.19%	0.37%
First Financial BancorpFFBC	IJS +0.18 points	0.19%	0.37%
Enphase EnergyENPH	IJS +0.18 points	0.19%	0.37%
Amentum HoldingsAMTM	IJS +0.17 points	0.19%	0.36%
Simmons First National Class ASFNC	IJS +0.17 points	0.19%	0.36%
Telephone and Data SystemsTDS	IJS +0.17 points	0.19%	0.36%
Genworth Financial IncGNW	IJS +0.17 points	0.19%	0.36%
M I Homes IncMHO	IJS +0.17 points	0.18%	0.35%
Stride IncLRN	IJS +0.17 points	0.18%	0.35%
Marriott Vacations WorldwideVAC	IJS +0.16 points	0.18%	0.34%
Abm Industries IncABM	IJS +0.16 points	0.18%	0.34%
Cushman and Wakefield LtdCWK	IJS +0.16 points	0.18%	0.34%
Group Automotive IncGPI	IJS +0.15 points	0.17%	0.33%
First Interstate BancsystemFIBK	IJS +0.15 points	0.18%	0.33%
Provident Financial Services IncPFS	IJS +0.15 points	0.17%	0.32%
Corecivic ReitCXW	IJS +0.16 points	0.17%	0.33%
First HawaiianFHB	IJS +0.16 points	0.17%	0.33%
Banc of CaliforniaBANC	IJS +0.16 points	0.15%	0.31%
Northern Oil and GasNOG	IJS +0.15 points	0.17%	0.32%
DnowDNOW	IJS +0.15 points	0.17%	0.32%
Versigent PLCVGNT	IJS +0.14 points	0.17%	0.31%
Acadia Healthcare CompanyACHC	IJS +0.14 points	0.16%	0.30%
ArcbestARCB	IJS +0.14 points	0.16%	0.30%
Workiva Class AWK	IJR +0.14 points	0.24%	0.10%
United Natural Foods IncUNFI	IJS +0.14 points	0.16%	0.30%
Bank of HawaiiBOH	IJS +0.14 points	0.16%	0.30%
Liberty Energy Class ALBRT	IJS +0.14 points	0.16%	0.30%
Kohls CorpKSS	IJS +0.14 points	0.16%	0.30%
Boise CascadeBCC	IJS +0.14 points	0.16%	0.30%
Peabody Energy CorpBTU	IJS +0.14 points	0.15%	0.29%
Advance Auto Parts IncAAP	IJS +0.13 points	0.15%	0.29%
Nbt BancorpNBTB	IJS +0.14 points	0.15%	0.29%
Hb FullerFUL	IJS +0.14 points	0.15%	0.29%
Acadia Realty Trust ReitAKR	IJS +0.13 points	0.15%	0.28%
NeogenNEOG	IJS +0.13 points	0.15%	0.28%
Beacon FinancialBBT	IJS +0.13 points	0.15%	0.28%
V2XVVX	IJS +0.13 points	0.14%	0.27%
Outfront MediaOUT	IJR +0.13 points	0.32%	0.19%
Innospec IncIOSP	IJS +0.13 points	0.14%	0.27%
Benchmark Electronics IncBHE	IJS +0.12 points	0.14%	0.26%

All 641 IJR holdings⁠All 476 IJS holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IJR vs IJS Cost

Overpaying IJS vs IJR

$2,479

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IJR 0.06%
$1,270
IJS 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

IJR 0.06%
IJS 0.18%
Overpaying

Year by year

Year	IJR	IJS	Overpaying
10	$110	$328	$218
20	$432	$1,281	$849
30	$1,270	$3,749	$2,479

Expense ratio

0.06%IJR, cheaper
0.18%IJS

IJR0.06%IJS0.18%

0.03%0.59%

Middle half of S&P SmallCap 600 funds
Median 0.15%

IJR 2nd cheapest of 13 funds

IJS 8th cheapest of 13 funds

IJR vs IJS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IJR 1.22%; IJS 1.39%, better
Payout (12M): IJR $1.71; IJS $1.85
Last payment: IJR $0.51; IJS $0.56
Ex-dividend: IJR Sep 15, 2026; IJS Sep 15, 2026
Paid on: IJR Sep 18, 2026; IJS Sep 18, 2026
Frequency: IJR Quarterly; IJS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IJRQuarterly · 39 paymentsAll IJR payments⁠

IJSQuarterly · 38 paymentsAll IJS payments⁠

IJR vs IJS Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IJR 18.7%, betterIJS 18.9%
Return per unit of riskSharpe ratio, 3 years: IJR 0.75IJS 0.76, better
Worst fallMax drawdown, 5 years: IJR −28.0%, betterIJS −28.6%
Market sensitivityBeta, 5 years: IJR 1.04IJS 1.00; Market = 1

IJR and IJS in the news

All news⁠

Best ETFs
Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%
Updated Nov 2, 2026IJR
Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Updated Oct 2, 2026IJR
News
Independence Realty to take Centerspace in 3.800-share all-stock merger
Sep 9, 2026IJR

Popular comparisons

IJRAvsSPSMA
iShares Core S&P Small-Cap ETF · State Street SPDR Portfolio S&P 600 Small Cap ETF
Expense ratio
0.06% · 0.03%
Category
IJSBvsSPSMA
iShares S&P Small-Cap 600 Value ETF · State Street SPDR Portfolio S&P 600 Small Cap ETF
Expense ratio
0.18% · 0.03%
Category
IJRAvsVIOOA
iShares Core S&P Small-Cap ETF · Vanguard S&P Small-Cap 600 ETF
Expense ratio
0.06% · 0.07%
Category
IJSBvsVIOOA
iShares S&P Small-Cap 600 Value ETF · Vanguard S&P Small-Cap 600 ETF
Expense ratio
0.18% · 0.07%
Category
IJRAvsVIOGB
iShares Core S&P Small-Cap ETF · Vanguard S&P Small-Cap 600 Growth ETF
Expense ratio
0.06% · 0.10%
Category
IJSBvsVIOGB
iShares S&P Small-Cap 600 Value ETF · Vanguard S&P Small-Cap 600 Growth ETF
Expense ratio
0.18% · 0.10%
Category

IJR vs IJS

In short

Stated mandate

Why people hold it