IJJ vs MDYV
iShares S&P Mid-Cap 400 Value ETF vs State Street SPDR S&P 400 Mid Cap Value ETF
Which is better, IJJ or MDYV?
Nearly the same fund. MDYV costs less.
MDYV has a lower expense ratio. IJJ led over 3Y, 5Y and the full window, MDYV over 1Y. The two have moved almost in lockstep, correlation 0.99. MDYV is less concentrated, with 10.6% of the fund in its ten largest positions against 10.9%.
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 | IJJ | MDYV |
|---|---|---|
| Expense Ratio | 0.18% | 0.15%Best |
| AUM | $8.5B | $2.7B |
| Dividend Yield | 1.71% | 1.79% |
| Holdings | 616 | 299 |
| YTD Return | +6.30% | +6.45%Best |
| 1Y Return | +9.88% | +10.04%Best |
| 3Y Return (annualized) | +14.09%Best | +13.93% |
| 5Y Return (annualized) | +7.36%Best | +7.28% |
| Volatility (annualized) | 18.9%Best | 19.0% |
| Max Drawdown | -59.6%Best | -62.6% |
| $10,000 over 5 years | $14,263Best | $14,210 |
| Top 10 Weight | 10.9% | 10.6%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Mid Cap Value |
| Inception | Jul 24, 2000 | Nov 8, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Nov 15, 2005 to Oct 14, 2026 (20.9 years).
IJJ vs MDYV 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 20.9 years both funds cover.
IJJ vs MDYV Performance
iShares S&P Mid-Cap 400 Value ETF (IJJ) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P 400 Mid Cap Value ETF (MDYV) is an ETF from State Street Investment Management. Over the past year IJJ returned +9.88% while MDYV returned +10.04%. Year to date, IJJ is up 6.30% versus a gain of 6.45% for MDYV.
Over three years, IJJ compounded at +14.09% per year against +13.93% for MDYV; over five years the annualized figures are +7.36% and +7.28% respectively. Across the full 21-year window we track, IJJ has the edge at +7.43% annualized vs +6.69%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MDYV has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 18.9% for IJJ. 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 -59.6% for IJJ and -62.6% for MDYV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IJJ charges 0.18% per year while MDYV charges 0.15%. On a $10,000 position that is $18 vs $15 annually, a gap of $3 per year that compounds over a long holding period. On income, IJJ currently yields 1.71% against 1.79% for MDYV.
Holdings Overlap
96.8% of IJJ's money is in holdings MDYV also owns. 96.6% of MDYV's money is in holdings IJJ also owns.
Most of IJJ is already inside MDYV. Owning both mostly buys the same companies twice.
288 positions in common, counted across the 296 positions we hold weights for in IJJ and 298 in MDYV, against full books of 616 and 299.
What only one of them owns
Our book lists 4 positions for MDYV that do not appear in our book for IJJ (1.1% of the fund), and 6 for IJJ that do not appear in MDYV (2.0%).
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.
Top Shared Holdings
| Stock | Weight in IJJ | Weight in MDYV | Difference |
|---|---|---|---|
| SNXSynnex Corp | 1.33% | 1.18% | 0.15% |
| USFDUS Foods Holding Corp | 1.25% | 1.23% | 0.02% |
| RSReliance Steel & Aluminum Co. | 1.23% | 1.18% | 0.05% |
| PRPermian Resource | 1.13% | 1.10% | 0.03% |
| WCCWesco International Inc | 1.11% | 1.02% | 0.09% |
| DINOHollyfrontier | 1.07% | 0.97% | 0.10% |
| OVVOvintiv Inc. | 1.01% | 1.03% | 0.02% |
| RGAReinsurance Group of America, Incorporated | 0.98% | 0.96% | 0.02% |
| JLLJones Lang Lasalle Inc. | 0.87% | 0.94% | 0.07% |
| NLYAnnaly Capital Management Inc | 0.86% | 0.94% | 0.08% |
96.8% of IJJ is already inside MDYV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IJJ or MDYV?
IJJ has an expense ratio of 0.18% while MDYV charges 0.15%. MDYV is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, IJJ or MDYV?
Over the past year IJJ returned +9.88% vs +10.04% for MDYV, so MDYV leads on 1-year performance. Over the longest common window we track (21 years), IJJ annualized +7.43% vs +6.69% for MDYV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IJJ or MDYV?
MDYV has been the more volatile fund at 19.0% annualized versus 18.9% for IJJ. Worst drawdown: IJJ -59.6% vs MDYV -62.6%.
Should I hold both IJJ and MDYV?
IJJ and MDYV have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IJJ and MDYV?
96.8% of IJJ's money is in holdings MDYV also owns. 96.6% of MDYV's is in holdings IJJ also owns. They hold 288 positions in common, counted across the 296 positions we hold weights for in IJJ and 298 in MDYV.
Which pays a higher dividend, IJJ or MDYV?
IJJ yields 1.71% while MDYV yields 1.79%, so MDYV currently pays the higher dividend yield.
Is MDYV better than IJJ?
MDYV has a lower expense ratio. IJJ led over 3Y, 5Y and the full window, MDYV over 1Y. The two have moved almost in lockstep, correlation 0.99. MDYV is less concentrated, with 10.6% of the fund in its ten largest positions against 10.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.