IJS vs VIOG: Grades, Fees and Holdings Compared

iShares S&P Small-Cap 600 Value ETF

IJSBNYSE Arca

Vanguard S&P Small-Cap 600 Growth ETF

VIOGBNYSE Arca

Overlap

27.9%by weight

Expense ratio

VIOG −0.08pt a year

IJS0.18%VIOG0.10%

Avg volume · 30D

IJS 6.6×the volume

IJS249KVIOG37.8K

10Y return · a year

VIOG +0.8pt

IJS+10.0%VIOG+10.8%

IJS vs VIOG Performance

Oct 29, 2021 – Oct 30, 2026

+39.1%IJS+27.6%VIOG

Expense ratio: IJS 0.18%; VIOG 0.10%, better
Fund size: IJS $7.71B; VIOG $1B
1Y total return: IJS +22.3%, better; VIOG +18.9%
Yield (12M): IJS 1.39%, better; VIOG 0.77%
Holdings: IJS 469; VIOG 354
Avg volume (30D): IJS 249K sh, better; VIOG 37.8K sh
NAV per share: IJS $132.85; VIOG $141.35
52W range

ETF.net Grade

Pillar letters and Scores for IJS, VIOG, with each pillar’s weight
Pillar	IJS	VIOG
Cost30% weight	D39	A74Higher
Mission25% weight	A70	A100Higher
Risk15% weight	C50Higher	C48
Tradability15% weight	A71Higher	D27
Holdings10% weight	B66Higher	C53
Durability5% weight	A77Higher	B57

Rank among S&P SmallCap 600 funds

How we build Categories ›

Same Category. IJS and VIOG 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 ›

VIOG ranks 4th 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 4BVIOGVanguard S&P Small-Cap 600 Growth ETFScore 66
Rank 5BSLYGState Street SPDR S&P 600 Small Cap Growth ETFScore 64
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

IJSBiShares S&P Small-Cap 600 Value ETF

VIOGBVanguard S&P Small-Cap 600 Growth ETF

In short

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.

VIOG Vanguard's growth slice of the S&P SmallCap 600, running since 2010 at 0.10% a year. Only one other ETF tracks the same index, and it charges more.

Stated mandate

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

VIOG The fund seeks to track the performance of the S&P SmallCap 600 Growth Index, which represents small U.S. growth companies.

Why people hold it

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.

VIOG At 0.10%, it undercuts the only other fund on the same index (SLYG at 0.15%) and lands well under its peer group's 0.18% median fee.
One published index, one style slice, no manager discretion. It follows the S&P SmallCap 600 Growth Index closely and stands in the upper half of its S&P 600 peer group.
Live since 2010, with a record across several market cycles, and it spreads across roughly 300 small-cap growth names instead of a short list.
A multi-billion-dollar fund from Vanguard, and it pays out quarterly.

Worth knowing

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.

VIOG Thinly traded next to the S&P 600's core giants, so the bid-ask spread is a bigger slice of your real cost than the expense ratio suggests.
Style slicing carries a surcharge: whole-index cousins like SPSM (0.03%) and VIOO (0.07%) cost less than owning just the growth half.
Narrow by design. The growth half of a small-cap index moves more sharply than a broad US stock fund.

Full IJS profile⁠

Full VIOG profile⁠

IJS vs VIOG Holdings

How IJS and VIOG differ

Overlap by weight

27.9%

Shared holdings make up 39.6% of VIOG and 29.7% of IJS.

Level by level

Holdings204 in both27.9%
Sector11 Sectors80.3%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in IJS and VIOG, widest gap first
Sector	More in IJSMore in VIOG	IJS	VIOG
Health Care	VIOG +8.6 points	6.9%	15.5%
Technology	VIOG +7.5 points	11.0%	18.5%
Financials	IJS +6.4 points	20.7%	14.3%
Consumer Discretionary	IJS +5.0 points	15.2%	10.2%
Industrials	VIOG +3.5 points	14.8%	18.3%
Energy	IJS +2.6 points	7.8%	5.2%
Materials	IJS +2.2 points	5.4%	3.2%
Consumer Staples	IJS +1.7 points	5.2%	3.5%
Communication	IJS +1.3 points	4.1%	2.8%
Utilities	IJS +0.5 points	2.1%	1.6%
Real Estate	VIOG +0.1 points	6.8%	6.9%

Country, concentration and asset class

Country by domicile

Country weights in IJS and VIOG, widest gap first
Country	More in IJSMore in VIOG	IJS	VIOG
United States	VIOG +0.2 points	99.8%	100.0%
Singapore	IJS +0.2 points	0.2%	0.0%
Hong Kong	IJS +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

IJS9.0%
VIOG9.9%

Securities held

IJS463
VIOG350

Asset class

IJS: Equity
VIOG: Equity

Holdings

Only in IJS259
In both204
Only in VIOG146

Only in IJS

259 securities, 69.3% of IJS by weight

Paycom Software1.10%
Sm Energy1.03%
Match Group Inc1.02%
Jackson Financial Class A0.90%
Carmax Inc0.85%
Victoria’s Secret0.83%
Eastman Chemical0.82%
Pool0.81%
Lamb Weston Holdings0.80%
Epam Systems0.78%
Mohawk Industries0.76%
Lincoln National Corp0.76%
Builders Firstsource Inc0.75%
Conagra Brands0.75%
Matson Inc0.72%
Molson Coors Brewing Class B0.69%
Magnolia Oil Gas Corp Class A0.68%
Caesars Entertainment Inc0.64%
Teleflex0.64%
Atlantic Union Bankshares0.60%
Trade Desk Class A0.56%
Rithm Capital0.56%
Patterson Uti Energy Inc0.55%
Insight Enterprises Inc0.55%
Celanese Corp0.54%
Lkq Corp0.51%
Crescent Energy Class A0.50%
Signet Jewelers0.50%
Rxo Inc0.49%
California Resources0.49%
Delek Us Holdings Inc0.49%
Fulton Financial0.48%
United Community Banks Inc0.47%
Robert Half0.47%
Versant Media Group Inc Class A0.47%
Core Natural Resources0.46%
Integer Holdings Corp0.46%
Cathay General Bancorp0.46%
Meritage Corp0.45%
Campbell Soup0.45%
Mdu Resources Group0.45%
Apple Hospitality Reit Inc0.44%
Bread Financial Holdings0.43%
Rush Enterprises Class A0.42%
Korn Ferry0.42%
Kulicke and Soffa Industries Inc0.42%
Vishay Intertechnology0.41%
Cvb Financial Corp0.41%
Diodes0.40%
Geo Group0.40%

Only in VIOG

146 securities, 60.3% of VIOG by weight

FormFactor Inc1.42%
Viasat Inc1.18%
Protagonist Therapeutics Inc1.11%
Ryman Hospitality Properties Inc0.99%
TG Therapeutics Inc0.96%
StoneX Group Inc0.85%
Madison Square Garden Sports Corp0.85%
ESCO Technologies Inc0.84%
Zurn Elkay Water Solutions Corp0.84%
Armstrong World Industries Inc0.83%
Alkermes PLC0.83%
Federal Signal Corp0.82%
Enpro Inc0.79%
Ligand Pharmaceuticals Inc0.76%
Etsy Inc0.74%
Everus Construction Group Inc0.73%
Qorvo Inc0.72%
Lyft Inc0.69%
Sensient Technologies Corp0.68%
JBT Marel Corp0.67%
PTC Therapeutics Inc0.66%
Kodiak Gas Services Inc0.65%
Archrock Inc0.65%
Powell Industries Inc0.65%
Argan Inc0.65%
Impinj Inc0.63%
Granite Construction Inc0.62%
Frontdoor Inc0.61%
Casella Waste Systems Inc0.61%
Axos Financial Inc0.60%
Laureate Education Inc0.59%
ACM Research Inc0.58%
Solaris Energy Infrastructure Inc0.57%
Mercury Systems Inc0.56%
Virtu Financial Inc0.56%
VSE Corp0.56%
Arcosa Inc0.56%
International Seaways Inc0.56%
MYR Group Inc0.55%
Urban Outfitters Inc0.53%
Installed Building Products Inc0.53%
Construction Partners Inc0.53%
PriceSmart Inc0.53%
Cavco Industries Inc0.52%
Indivior Pharmaceuticals Inc0.52%
Chefs' Warehouse Inc/The0.51%
Enova International Inc0.51%
Covista Inc0.51%
Karman Holdings Inc0.49%
AZZ Inc0.49%

Weight gaps

The 100 widest of 204 Holdings in both funds.

Holding weights in IJS and VIOG, widest gap first
Holding	More in IJSMore in VIOG	IJS	VIOG
Life Time Group HoldingsLTH	VIOG +0.40 points	0.26%	0.66%
Terreno Realty ReitTRNO	VIOG +0.37 points	0.23%	0.60%
GlaukosGKOS	VIOG +0.34 points	0.47%	0.81%
Remitly GlobalRELY	VIOG +0.26 points	0.08%	0.34%
Essential Properties Realty TrustEPRT	VIOG +0.25 points	0.20%	0.46%
Adt IncADT	IJS +0.25 points	0.38%	0.13%
Victory Capital Holdings Class AVCTR	VIOG +0.22 points	0.21%	0.43%
Herc HoldingsHRI	IJS +0.22 points	0.37%	0.15%
Outfront MediaOUT	VIOG +0.21 points	0.19%	0.40%
Axcelis TechnologiesACLS	VIOG +0.20 points	0.12%	0.32%
Merit Medical Systems IncMMSI	VIOG +0.19 points	0.20%	0.39%
Aci WorldwideACIW	VIOG +0.19 points	0.21%	0.40%
RadnetRDNT	VIOG +0.18 points	0.20%	0.38%
Iridium CommunicationsIRDM	VIOG +0.18 points	0.20%	0.38%
Atmus Filtration TechnologiesATMU	VIOG +0.18 points	0.12%	0.30%
Tutor PeriniTPC	VIOG +0.17 points	0.13%	0.30%
TangerSKT	VIOG +0.17 points	0.15%	0.32%
SkywestSKYW	VIOG +0.15 points	0.13%	0.28%
MaterionMTRN	VIOG +0.16 points	0.22%	0.38%
AxtAXTI	VIOG +0.15 points	0.18%	0.33%
Bright Horizons Family SolutionsBFAM	VIOG +0.15 points	0.10%	0.25%
Cactus Class AWHD	VIOG +0.15 points	0.18%	0.33%
Broadstone Net LeaseBNL	IJS +0.15 points	0.26%	0.11%
FIVE9FIVN	IJS +0.15 points	0.22%	0.07%
CleansparkCLSK	VIOG +0.14 points	0.09%	0.23%
Box Inc Class ABOX	VIOG +0.14 points	0.23%	0.37%
BalchemBCPC	VIOG +0.14 points	0.24%	0.38%
Gates Industrial PLCGTES	VIOG +0.14 points	0.30%	0.44%
Oceaneering International IncOII	VIOG +0.13 points	0.18%	0.31%
ItronITRI	VIOG +0.13 points	0.16%	0.29%
Ringcentral Class ARNG	VIOG +0.13 points	0.27%	0.40%
American States WaterAWR	VIOG +0.13 points	0.13%	0.26%
Mueller Water Products Series AMWA	VIOG +0.13 points	0.13%	0.26%
Supernus PharmaceuticalsSUPN	VIOG +0.13 points	0.08%	0.21%
Bgc Group Inc Class ABGC	VIOG +0.12 points	0.18%	0.30%
Csw IndustrialsCSW	VIOG +0.12 points	0.21%	0.33%
Cinemark Holdings IncCNK	VIOG +0.11 points	0.17%	0.28%
Phillips Edison and CompanyPECO	VIOG +0.11 points	0.23%	0.34%
Ncr AtleosNATL	VIOG +0.11 points	0.14%	0.25%
Millrose Properties Inc Class AMRP	VIOG +0.12 points	0.17%	0.29%
Warby Parker Class AWRBY	VIOG +0.12 points	0.10%	0.22%
Extreme NetworksEXTR	VIOG +0.11 points	0.11%	0.22%
Ameris BancorpABCB	VIOG +0.11 points	0.24%	0.35%
Arcus BiosciencesRCUS	VIOG +0.10 points	0.08%	0.18%
First BancorpFBP	VIOG +0.10 points	0.18%	0.28%
Hawkins IncHWKN	VIOG +0.10 points	0.11%	0.21%
Amneal Pharmaceuticals Inc Class AAMRX	VIOG +0.10 points	0.17%	0.27%
RalliantRAL	VIOG +0.10 points	0.38%	0.48%
Q2 Holdings IncQTWO	VIOG +0.10 points	0.17%	0.27%
City HoldingCHCO	VIOG +0.09 points	0.07%	0.16%
Inventrust PropertiesIVT	IJS +0.10 points	0.17%	0.07%
Moelis Class AMC	VIOG +0.10 points	0.20%	0.30%
National Health Investors ReitNHI	VIOG +0.10 points	0.14%	0.24%
A10 NetworksATEN	VIOG +0.09 points	0.07%	0.16%
KnowlesKN	VIOG +0.09 points	0.13%	0.22%
Marketaxess HoldingsMKTX	VIOG +0.09 points	0.29%	0.38%
Diebold Nixdorf IncDBD	VIOG +0.09 points	0.07%	0.16%
Sps CommerceSPSC	VIOG +0.09 points	0.13%	0.22%
Century AluminumCENX	VIOG +0.08 points	0.10%	0.18%
Payoneer Global IncPAYO	VIOG +0.09 points	0.07%	0.16%
Chesapeake UtilitiesCPK	VIOG +0.09 points	0.14%	0.23%
Perdoceo EducationPRDO	VIOG +0.08 points	0.07%	0.15%
GriffonGFF	VIOG +0.08 points	0.17%	0.25%
FreshpetFRPT	VIOG +0.08 points	0.13%	0.21%
Element Solutions IncESI	VIOG +0.09 points	0.42%	0.51%
EplusPLUS	VIOG +0.08 points	0.10%	0.18%
Piper Sandler CompaniesPIPR	VIOG +0.08 points	0.21%	0.29%
Callaway Golf CompanyCALY	VIOG +0.08 points	0.09%	0.17%
Addus Homecare CorpADUS	VIOG +0.08 points	0.08%	0.16%
Bancfirst CorpBANF	VIOG +0.08 points	0.09%	0.17%
Franklin ElectricFELE	VIOG +0.07 points	0.19%	0.26%
Steven MaddenSHOO	VIOG +0.07 points	0.15%	0.22%
Progress Software CorpPRGS	VIOG +0.08 points	0.06%	0.14%
Veeco InstrumentsVECO	VIOG +0.07 points	0.13%	0.20%
CorvelCRVL	VIOG +0.07 points	0.10%	0.17%
United States Lime and Minerals InUSLM	VIOG +0.07 points	0.04%	0.11%
Rex American ResourcesREX	VIOG +0.06 points	0.04%	0.10%
Gulfport EnergyGPOR	IJS +0.07 points	0.17%	0.10%
NeogenomicsNEO	VIOG +0.07 points	0.10%	0.17%
Mobility Global IncMBGL	IJS +0.07 points	0.34%	0.27%
Ltc Properties ReitLTC	VIOG +0.07 points	0.10%	0.17%
WD-40WDFC	VIOG +0.06 points	0.13%	0.19%
Sarepta TherapeuticsSRPT	VIOG +0.06 points	0.08%	0.14%
Solaredge TechnologiesSEDG	VIOG +0.06 points	0.08%	0.14%
Mara HoldingsMARA	VIOG +0.05 points	0.13%	0.18%
Green Brick PartnersGRBK	VIOG +0.06 points	0.08%	0.14%
UnifirstUNF	IJS +0.05 points	0.23%	0.18%
Ha Sustainable Infrastructure CapiHASI	IJS +0.05 points	0.29%	0.24%
Napco Security TechnologiesNSSC	VIOG +0.05 points	0.05%	0.10%
Goosehead Insurance Class AGSHD	VIOG +0.05 points	0.04%	0.09%
Lifestance Health GroupLFST	VIOG +0.05 points	0.17%	0.22%
IngevityNGVT	VIOG +0.05 points	0.12%	0.17%
Doubleverify HoldingsDV	VIOG +0.05 points	0.08%	0.13%
Cheesecake Factory IncCAKE	VIOG +0.05 points	0.26%	0.31%
MaxlinearMXL	VIOG +0.05 points	0.35%	0.40%
Lxp Industrial TrustLXP	VIOG +0.05 points	0.18%	0.23%
American Eagle OutfittersAEO	IJS +0.05 points	0.19%	0.14%
Independent Bank CorpINDB	IJS +0.05 points	0.24%	0.19%
Resideo TechnologiesREZI	VIOG +0.05 points	0.12%	0.17%
Wsfs FinancialWSFS	VIOG +0.05 points	0.20%	0.25%

All 476 IJS holdings⁠All 341 VIOG 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.

IJS vs VIOG Cost

Overpaying IJS vs VIOG

$1,643

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

IJS 0.18%
$3,749
VIOG 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

IJS 0.18%
VIOG 0.10%
Overpaying

Year by year

Year	IJS	VIOG	Overpaying
10	$328	$183	$145
20	$1,281	$717	$564
30	$3,749	$2,106	$1,643

Expense ratio

0.18%IJS
0.10%VIOG, cheaper

VIOG0.10%IJS0.18%

0.03%0.59%

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

VIOG 4th cheapest of 13 funds

IJS 8th cheapest of 13 funds

IJS vs VIOG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IJS 1.39%, better; VIOG 0.77%
Payout (12M): IJS $1.85; VIOG $1.09
Last payment: IJS $0.56; VIOG $0.26
Ex-dividend: IJS Sep 15, 2026; VIOG Sep 28, 2026
Paid on: IJS Sep 18, 2026; VIOG Sep 30, 2026
Frequency: IJS Quarterly; VIOG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IJSQuarterly · 38 paymentsAll IJS payments⁠

VIOGQuarterly · 39 paymentsAll VIOG payments⁠

IJS vs VIOG Risk

Fall from peak · 5 years

IJS
VIOG

Risk facts

VolatilityStd dev, 3 years: IJS 18.9%, betterVIOG 19.0%
Return per unit of riskSharpe ratio, 3 years: IJS 0.76, betterVIOG 0.71
Worst fallMax drawdown, 5 years: IJS −28.6%, betterVIOG −29.2%
Market sensitivityBeta, 5 years: IJS 1.00VIOG 1.06; Market = 1

Popular comparisons

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
VIOGBvsSPSMA
Vanguard S&P Small-Cap 600 Growth ETF · State Street SPDR Portfolio S&P 600 Small Cap ETF
Expense ratio
0.10% · 0.03%
Category
IJSBvsIJRA
iShares S&P Small-Cap 600 Value ETF · iShares Core S&P Small-Cap ETF
Expense ratio
0.18% · 0.06%
Category
VIOGBvsIJRA
Vanguard S&P Small-Cap 600 Growth ETF · iShares Core S&P Small-Cap ETF
Expense ratio
0.10% · 0.06%
Category
IJSBvsVIOOA
iShares S&P Small-Cap 600 Value ETF · Vanguard S&P Small-Cap 600 ETF
Expense ratio
0.18% · 0.07%
Category
VIOGBvsVIOOA
Vanguard S&P Small-Cap 600 Growth ETF · Vanguard S&P Small-Cap 600 ETF
Expense ratio
0.10% · 0.07%
Category