IJT vs SPSM: Grades, Fees and Holdings Compared

iShares S&P Small-Cap 600 Growth ETF

IJTBNasdaq

State Street SPDR Portfolio S&P 600 Small Cap ETF

SPSMANYSE Arca

Overlap

62.2%by weight

Expense ratio

SPSM −0.15pt a year

IJT0.18%SPSM0.03%

Avg volume · 30D

SPSM 7.5×the volume

IJT230KSPSM1.72M

10Y return · a year

IJT +0.2pt

IJT+10.8%SPSM+10.6%

IJT vs SPSM Performance

Oct 29, 2021 – Oct 30, 2026

+27.3%IJT+34.7%SPSM

Expense ratio: IJT 0.18%; SPSM 0.03%, better
Fund size: IJT $7.45B; SPSM $16.2B
1Y total return: IJT +18.7%; SPSM +20.7%, better
Yield (12M): IJT 0.77%; SPSM 1.51%, better
Holdings: IJT 354; SPSM 607
Avg volume (30D): IJT 230K sh; SPSM 1.72M sh, better
NAV per share: IJT $164.34; SPSM $55.20
52W range

ETF.net Grade

Pillar letters and Scores for IJT, SPSM, with each pillar’s weight
Pillar	IJT	SPSM
Cost30% weight	D39	A98Higher
Mission25% weight	A100Higher	A84
Risk15% weight	C44	C50Higher
Tradability15% weight	A76	A93Higher
Holdings10% weight	C53	A86Higher
Durability5% weight	A72	A77Higher

Rank among S&P SmallCap 600 funds

How we build Categories ›

Same Category. IJT and SPSM 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 ›

SPSM ranks 1st and IJT 6th 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 5BSLYGState Street SPDR S&P 600 Small Cap Growth ETFScore 64
Rank 6BIJTiShares S&P Small-Cap 600 Growth ETFScore 63
Rank 6BSLYVState Street SPDR S&P 600 Small Cap Value ETFScore 63

Our read on each fund

ETF.net Research

IJTBiShares S&P Small-Cap 600 Growth ETF

SPSMAState Street SPDR Portfolio S&P 600 Small Cap ETF

In short

IJT Most "growth" funds are large-cap tech wearing a different label. IJT stays small: roughly 400 S&P SmallCap 600 names chosen on measures like above-average earnings and revenue growth, a job it has held since 2000.

SPSM The bargain-rack version of a small-cap classic. SPSM tracks the S&P SmallCap 600 for 0.03% a year, one of the thinnest fees in US equities, and holds roughly 600 smaller American companies.

Stated mandate

IJT The fund tracks a U.S. small-cap growth index whose constituents are selected using measures such as above-average earnings and revenue growth.

SPSM The fund seeks to track, before fees and expenses, the total return performance of the S&P SmallCap 600 Index.

Why people hold it

IJT Rules, not vibes. Holdings come from the S&P SmallCap 600 Growth Index, which selects on measures such as above-average earnings and revenue growth.ishares.com
Live since 2000 and now a multi-billion-dollar fund, spread across about 400 stocks so no single name runs the show. It pays out quarterly.
It hugs its index closely and the portfolio itself is one of the sturdier builds in the growth group, landing IJT in the upper half of its peer set.

SPSM Three ETFs wrap this same index. SPSM charges 0.03%, IJR 0.06%, VIOO 0.07%. Same basket, thinner fee drag.
Its fee sits far below the typical charge among S&P 600 wrappers, and cost is the one variable an index investor actually controls.
Roughly 600 US small caps in a single line item, held straight to the index. No single name carries the fund.
One of the strongest implementations in its peer group: tight index tracking, active trading, and a multi-billion-dollar asset base behind it.

Worth knowing

IJT The 0.18% fee is middle-of-the-pack for growth ETFs and several times the large-cap options VUG (0.03%) and SCHG (0.04%), or small-cap growth rival VBK (0.05%).
Small-cap growth is the jumpier end of the market. Swings here tend to run wider than in the mega-cap growth funds that dominate the category.
Moderately traded rather than a volume machine, so spreads can be wider than on the biggest growth ETFs. Limit orders are the standard workaround.

SPSM Small-cap prices swing wider than large-cap ones. This fund takes the index as it comes, with no volatility cushion built in.
All US, all stocks. Nothing here diversifies away from the domestic economy.
Income is a byproduct, not the mission: cash goes out quarterly and varies with what the underlying companies pay.

Full IJT profile⁠

Full SPSM profile⁠

IJT vs SPSM Holdings

How IJT and SPSM differ

Overlap by weight

62.2%

Shared holdings make up 99.3% of IJT and 63.4% of SPSM.

Level by level

Holdings347 in both62.2%
Sector11 Sectors90.4%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in IJT and SPSM, widest gap first
Sector	More in IJTMore in SPSM	IJT	SPSM
Health Care	IJT +4.8 points	16.0%	11.2%
Industrials	IJT +2.7 points	19.9%	17.2%
Financials	SPSM +2.4 points	16.1%	18.5%
Technology	IJT +2.0 points	15.0%	13.0%
Consumer Discretionary	SPSM +1.8 points	11.4%	13.2%
Consumer Staples	SPSM +1.4 points	2.5%	3.9%
Materials	SPSM +1.4 points	2.8%	4.2%
Energy	SPSM +1.4 points	5.3%	6.7%
Communication	SPSM +0.9 points	2.6%	3.5%
Real Estate	SPSM +0.1 points	6.5%	6.6%
Utilities	SPSM +0.1 points	1.9%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in IJT and SPSM, widest gap first
Country	More in IJTMore in SPSM	IJT	SPSM
United States	IJT +0.1 points	100.0%	99.9%
Singapore	SPSM +0.1 points	0.0%	0.1%
Hong Kong	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

IJT10.1%
SPSM5.5%

Securities held

IJT350
SPSM605

Asset class

IJT: Equity
SPSM: Equity

Holdings

Only in IJT3
In both347
Only in SPSM258

Only in IJT

3 securities, 0.2% of IJT by weight

Avepoint Class A0.21%
OMNIAB INC $12.50 VESTING Prvt0.00%
OMNIAB INC $15.00 VESTING Prvt0.00%

Only in SPSM

258 securities, 36.4% of SPSM by weight

Paycom Software Inc0.57%
Match Group Inc0.55%
Sm Energy Co0.53%
Jackson Financial Inc A0.48%
Carmax Inc0.45%
Victoria’s Secret & Co0.44%
Eastman Chemical Co0.44%
Pool Corp0.42%
Lamb Weston Holdings Inc0.41%
Lincoln National Corp0.40%
Epam Systems Inc0.39%
Builders Firstsource Inc0.38%
Matson Inc0.38%
Conagra Brands Inc0.38%
Mohawk Industries Inc0.37%
Molson Coors Beverage Co B0.35%
Magnolia Oil & Gas Corp A0.35%
Teleflex Inc0.34%
Caesars Entertainment Inc0.33%
Atlantic Union Bankshares Co0.32%
Trade Desk Inc/The Class A0.31%
Rithm Capital Corp0.30%
Insight Enterprises Inc0.29%
Celanese Corp0.28%
Patterson Uti Energy Inc0.27%
Eastern Bankshares Inc0.27%
Signet Jewelers Ltd0.26%
Lkq Corp0.26%
Rxo Inc0.26%
Crescent Energy Inc A0.25%
Fulton Financial Corp0.25%
United Community Banks/Ga0.25%
California Resources Corp0.25%
Cathay General Bancorp0.25%
Delek Us Holdings Inc0.25%
Core Natural Resources Inc0.24%
Robert Half Inc0.24%
Versant Media Group Inc0.24%
Integer Holdings Corp0.24%
Meritage Homes Corp0.24%
Kulicke & Soffa Industries0.23%
Vishay Intertechnology Inc0.23%
Mdu Resources Group Inc0.23%
Apple Hospitality Reit Inc0.23%
The Campbell’s Company0.23%
Bread Financial Holdings Inc0.23%
Diodes Inc0.23%
Rush Enterprises Inc Class A0.23%
Korn Ferry0.22%
Cvb Financial Corp0.21%

Weight gaps

The 100 widest of 347 Holdings in both funds.

Holding weights in IJT and SPSM, widest gap first
Holding	More in IJTMore in SPSM	IJT	SPSM
Viasat IncVSAT	IJT +0.67 points	1.28%	0.61%
Protagonist TherapeuticsPTGX	IJT +0.60 points	1.13%	0.53%
Tg TherapeuticsTGTX	IJT +0.59 points	1.05%	0.46%
Ryman Hospitality Properties ReitRHP	IJT +0.58 points	1.10%	0.52%
AlkermesALKS	IJT +0.49 points	0.92%	0.43%
EtsyETSY	IJT +0.48 points	0.92%	0.44%
Armstrong World IndustriesAWI	IJT +0.45 points	0.85%	0.40%
Federal Signal CorpFSS	IJT +0.43 points	0.83%	0.40%
Zurn Elkay Water Solutions CorpZWS	IJT +0.43 points	0.80%	0.37%
Ligand PharmaceuticalsLGND	IJT +0.42 points	0.78%	0.36%
Frontdoor IncFTDR	IJT +0.39 points	0.73%	0.34%
Lyft Class ALYFT	IJT +0.39 points	0.74%	0.35%
Casella Waste Systems Class ACWST	IJT +0.39 points	0.71%	0.32%
Esco TechnologiesESE	IJT +0.38 points	0.74%	0.36%
GlaukosGKOS	IJT +0.36 points	1.17%	0.81%
Jbt MarelJBTM	IJT +0.36 points	0.68%	0.32%
Stonex Group IncSNEX	IJT +0.35 points	0.69%	0.34%
ArchrockAROC	IJT +0.35 points	0.67%	0.32%
EnproNPO	IJT +0.35 points	0.69%	0.34%
Granite ConstructionGVA	IJT +0.35 points	0.65%	0.30%
Msg Knickerbockers Class AMSGK	IJT +0.35 points	0.65%	0.30%
Cavco IndustriesCVCO	IJT +0.34 points	0.58%	0.24%
ImpinjPI	IJT +0.33 points	0.63%	0.30%
Urban OutfittersURBN	IJT +0.33 points	0.63%	0.30%
Axos FinancialAX	IJT +0.32 points	0.62%	0.30%
Everus Construction GroupECG	IJT +0.32 points	0.63%	0.31%
Installed Building ProductsIBP	IJT +0.32 points	0.59%	0.27%
Karman Holdings IncKRMN	IJT +0.31 points	0.60%	0.29%
Solaris Energy Infrastructure IncSEI	IJT +0.30 points	0.56%	0.26%
ArganAGX	IJT +0.30 points	0.58%	0.28%
Ptc TherapeuticsPTCT	IJT +0.31 points	0.61%	0.30%
Kodiak Gas Services IncKGS	IJT +0.29 points	0.57%	0.28%
International SeawaysINSW	IJT +0.29 points	0.56%	0.27%
Sensient TechnologiesSXT	IJT +0.29 points	0.61%	0.32%
Virtu Financial Inc Class AVIRT	IJT +0.29 points	0.55%	0.26%
OpenlaneOPLN	IJT +0.29 points	0.53%	0.24%
Mirion Technologies Class AMIR	IJT +0.28 points	0.54%	0.26%
Myr Group IncMYRG	IJT +0.28 points	0.53%	0.25%
Clear Secure Class AYOU	IJT +0.28 points	0.53%	0.25%
Badger MeterBMI	IJT +0.28 points	0.52%	0.24%
PricesmartPSMT	IJT +0.27 points	0.51%	0.24%
Construction Partners Class AROAD	IJT +0.27 points	0.52%	0.25%
Powell Industries IncPOWL	IJT +0.27 points	0.54%	0.27%
Indivior Pharmaceuticals IncINDV	IJT +0.27 points	0.50%	0.23%
Enova InternationalENVA	IJT +0.27 points	0.52%	0.25%
Mercury Systems IncMRCY	IJT +0.26 points	0.52%	0.26%
TidewaterTDW	IJT +0.27 points	0.49%	0.22%
CovistaCVSA	IJT +0.26 points	0.51%	0.25%
Boot Barn HoldingsBOOT	IJT +0.26 points	0.48%	0.22%
Life Time Group HoldingsLTH	IJT +0.26 points	0.75%	0.49%
Vse CorpVSEC	IJT +0.26 points	0.50%	0.24%
Chefs Warehouse IncCHEF	IJT +0.26 points	0.47%	0.21%
Azz IncAZZ	IJT +0.26 points	0.49%	0.23%
Laureate EducationLAUR	IJT +0.25 points	0.51%	0.26%
VeracyteVCYT	IJT +0.25 points	0.49%	0.24%
AarAIR	IJT +0.25 points	0.48%	0.23%
Clearway Energy Inc Class CCWEN	IJT +0.25 points	0.47%	0.22%
Pjt Partners Class APJT	IJT +0.24 points	0.46%	0.22%
Palomar HoldingsPLMR	IJT +0.25 points	0.45%	0.20%
Primoris ServicesPRIM	IJT +0.24 points	0.47%	0.23%
Dorman ProductsDORM	IJT +0.24 points	0.45%	0.21%
Arcutis BiotherapeuticsARQT	IJT +0.23 points	0.44%	0.21%
Brady Nonvoting Class ABRC	IJT +0.24 points	0.44%	0.20%
LIFE360LIF	IJT +0.23 points	0.44%	0.21%
Stepstone Group Class ASTEP	IJT +0.22 points	0.43%	0.21%
Waystar HoldingWAY	IJT +0.22 points	0.41%	0.19%
LiquidiaLQDA	IJT +0.21 points	0.40%	0.19%
Nmi HoldingsNMIH	IJT +0.21 points	0.39%	0.18%
Terreno Realty ReitTRNO	IJT +0.20 points	0.60%	0.40%
Onespaworld Holdings LtdOSW	IJT +0.20 points	0.37%	0.17%
AtricureATRC	IJT +0.20 points	0.38%	0.18%
Dave Class ADAVE	IJT +0.20 points	0.39%	0.19%
Curbline PropertiesCURB	IJT +0.19 points	0.36%	0.17%
The Vita Coco CompanyCOCO	IJT +0.19 points	0.35%	0.16%
Osi SystemsOSIS	IJT +0.19 points	0.37%	0.18%
Agilysys IncAGYS	IJT +0.19 points	0.36%	0.17%
Standex International CorpSXI	IJT +0.19 points	0.36%	0.17%
Cal Maine FoodsCALM	IJT +0.19 points	0.34%	0.15%
Sphere Entertainment Class ASPHR	IJT +0.19 points	0.36%	0.17%
Shake Shack Inc Class ASHAK	IJT +0.19 points	0.34%	0.16%
Mercury GeneralMCY	IJT +0.18 points	0.33%	0.15%
Privia Health Group IncPRVA	IJT +0.17 points	0.33%	0.16%
WisdomtreeWT	IJT +0.17 points	0.33%	0.16%
Acadia PharmaceuticalsACAD	IJT +0.17 points	0.32%	0.15%
St JoeJOE	IJT +0.17 points	0.32%	0.15%
Digi InternationalDGII	IJT +0.16 points	0.33%	0.17%
Acadian Asset ManagementAAMI	IJT +0.17 points	0.32%	0.15%
National Healthcare CorpNHC	IJT +0.17 points	0.32%	0.15%
Workiva Class AWK	IJT +0.16 points	0.40%	0.24%
Acm Research Class AACMR	IJT +0.16 points	0.32%	0.16%
Adma BiologicsADMA	IJT +0.16 points	0.31%	0.15%
Pediatrix Medical Group IncMD	IJT +0.16 points	0.29%	0.13%
Red Rock Resorts Ors Class ARRR	IJT +0.16 points	0.29%	0.13%
Liveramp Holdings IncRAMP	IJT +0.15 points	0.28%	0.13%
Sezzle IncSEZL	IJT +0.15 points	0.28%	0.13%
Acushnet Holdings CorpGOLF	IJT +0.15 points	0.28%	0.13%
ProgynyPGNY	IJT +0.15 points	0.27%	0.12%
Transmedics GroupTMDX	IJT +0.15 points	0.28%	0.13%
AdeiaADEA	IJT +0.15 points	0.29%	0.14%
SiriuspointSPNT	IJT +0.14 points	0.29%	0.15%

All 361 IJT holdings⁠All 607 SPSM 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.

IJT vs SPSM Cost

Overpaying IJT vs SPSM

$3,111

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

IJT 0.18%
$3,749
SPSM 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IJT 0.18%
SPSM 0.03%
Overpaying

Year by year

Year	IJT	SPSM	Overpaying
10	$328	$55	$273
20	$1,281	$216	$1,065
30	$3,749	$638	$3,111

Expense ratio

0.18%IJT
0.03%SPSM, cheaper

SPSM0.03%IJT0.18%

0.03%0.59%

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

SPSM cheapest of 13 funds

IJT 8th cheapest of 13 funds

IJT vs SPSM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IJT 0.77%; SPSM 1.51%, better
Payout (12M): IJT $1.26; SPSM $0.82
Last payment: IJT $0.36; SPSM $0.22
Ex-dividend: IJT Sep 15, 2026; SPSM Sep 21, 2026
Paid on: IJT Sep 18, 2026; SPSM Sep 23, 2026
Frequency: IJT Quarterly; SPSM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IJTQuarterly · 39 paymentsAll IJT payments⁠

SPSMQuarterly · 40 paymentsAll SPSM payments⁠

IJT vs SPSM Risk

Fall from peak · 5 years

IJT
SPSM

Risk facts

VolatilityStd dev, 3 years: IJT 19.0%SPSM 18.7%, better
Return per unit of riskSharpe ratio, 3 years: IJT 0.71SPSM 0.76, better
Worst fallMax drawdown, 5 years: IJT −29.2%SPSM −27.9%, better
Market sensitivityBeta, 5 years: IJT 1.06SPSM 1.04; Market = 1

IJT and SPSM 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, 2026SPSM
Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Updated Oct 2, 2026SPSM

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IJT vs SPSM

In short

Stated mandate

Why people hold it

Worth knowing

How IJT and SPSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IJT

Only in SPSM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%

Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart

How IJT and SPSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IJT

Only in SPSM

Weight gaps