Data as of Oct 28, 2026.

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IJR vs SNOV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IJR returned +17.5% to SNOV's +9.6%, and IJR charges 0.06% to SNOV's 0.90%.

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Net assets on Oct 27, 2026: $104.6bn for iShares Core S&P Small-Cap ETF and $113m for FT Vest U.S. Small Cap Moderate Buffer ETF - November.

At a glance
+17.5%
IJR total return, 1 year
+9.6%
SNOV total return, 1 year
0.06%
IJR expense ratio
0.90%
SNOV expense ratio

Pair scorecard

IJR costs 0.84 points a year less; their one-year returns differ by 7.9 points; IJR is far larger, $104.6bn against $113m.

IJR vs SNOV: Differences, Returns & Fees
MeasureIJRSNOV
Return
Total return, 1 year+17.5%+9.6%
Drawdown
Below its high6.8%, high on Aug 14, 2026
Index fall to the buffer16.2%
Fund price fall to the buffer14.3%
Benchmark
What it tracksS&P SmallCap 600IWM
The outcome period
Buffer left, in index points15.0% of 15.0%
Days left in the period23
Period endsNov 20, 2026
Cost and size
Expense ratio0.06%0.90%
Net assets, as of Oct 27, 2026$104.6bn$113m
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund5.3%

Method

Risk and return

Dec 1, 2023 to Oct 23, 2026 · 151 weekly returns
IJR SNOV
Return
Total return edge IJR +46.2% +34.3%
Annualized edge IJR +14.0% +10.7%
Price return edge IJR +39.5% +34.3%
Risk
Volatility edge SNOV 18.0% 8.8%
Max drawdown edge SNOV −24.3% −13.3%
Downside capture 98.9% 51.5%
Beta 0.99 0.43
Risk-adjusted
Sharpe edge SNOV 0.57 0.70
Sortino edge SNOV 0.85 0.97
Treynor 0.097 0.143
Calmar edge SNOV 0.58 0.80
Against the benchmark
Alpha +0.6% a year +0.9% a year
Alpha t-stat 0.91 0.43
Information ratio 0.20 −0.54
Tracking error 2.4% 11.4%

Each against its own benchmark: IJR against SPSM, Jul 19, 2013 to Oct 23, 2026; SNOV against IWM, Dec 1, 2023 to Oct 23, 2026.

Reading

IJR returned more: +46.2% to +34.3%. SNOV swung less: 8.8% to 18.0%. SNOV fell less at its worst: −13.3% to −24.3%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: IJR vs SNOV: Differences, Returns & Fees
MeasureIJRSNOVEdgeHow it is measured
Return
Total return+46.2%+34.3%IJRPrice change plus distributions, reinvested.
Annualized+14.0%+10.7%IJRTotal return as a yearly rate.
Price return+39.5%+34.3%IJRPrice change alone, distributions left out.
Risk
Volatility18.0%8.8%SNOVSpread of weekly returns, annualized. Lower is steadier.
Downside deviation12.1%6.3%SNOVLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−24.3%−13.3%SNOVDeepest fall from a high to the low after it.
Upside capture98.7%33.0%Share of its benchmark's rise caught in the weeks it rose.
Downside capture98.9%51.5%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta0.990.43Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.990.86Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.570.70SNOVReturn above Treasury bills per unit of volatility.
Sortino0.850.97SNOVReturn above Treasury bills per unit of downside deviation.
Treynor0.0970.143Return above Treasury bills per unit of beta.
Calmar0.580.80SNOVAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkSPSMIWMThe ETF each fund is measured against.
Alpha+0.6% a year+0.9% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat0.910.43Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.7% to +1.9%−3.1% to +4.8%Includes zeroThe 95% range for the yearly alpha.
Information ratio0.20−0.54Return against its benchmark per unit of tracking error.
Tracking error2.4%11.4%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 151 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

IJR iShares Core S&P Small-Cap ETF SNOV FT Vest U.S. Small Cap Moderate Buffer ETF - November
Where it sits Stock ETF Buffer ETF
What it is Tracks the S&P SmallCap 600 Defined outcome, 15% on IWM
Total return, 1 year +17.5% +9.6%
Its benchmark over the same days +17.6% (SPSM) +13.0% (IWM)
Gap to its benchmark −0.1 pts vs SPSM −3.4 pts vs IWM
Expense ratio 0.06% 0.90%
Holdings 642 not read by ETFIQ
Net assets, as of Oct 27, 2026 $104.6bn $113m

IJR and SNOV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-6DEF04C4CC

IJR and SNOV do different jobs. What does each one do in a portfolio?

  1. What each follows. IJR follows S&P SmallCap 600 and SNOV follows IWM.
  2. One-year total return. Over 1 year to Oct 28, 2026 IJR returned +17.5% and SNOV +9.6% with distributions reinvested, a gap of 7.9 points.
  3. Cost. IJR charges 0.06% of assets a year and SNOV 0.90%, a gap of 0.84 points.

Data as of Oct 28, 2026.

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About each fund
IJR

IJR tracks the S&P SmallCap 600. Over the year to Oct 28, 2026 it returned +17.5% with distributions reinvested, against +17.6% for its benchmark, the S&P SmallCap 600. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 642 positions, with the top ten at 5.3%. It sat 6.8% below its high of Aug 14, 2026 on Oct 28, 2026.

SNOV

IWM had already risen past this fund's cap of +18.4% for the period on Oct 28, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 1.6% as the period runs out.

The fund's price can fall 14.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, IWM can fall 16.2% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's IWM level. 23 days remained on Oct 28, 2026. On Nov 20, 2026 the period ends and a new cap is set.

Questions people ask

Are IJR and SNOV in the same category?
IJR is a stock ETF and SNOV is a buffer ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, IJR or SNOV?
In the year to Oct 28, 2026, with distributions reinvested, IJR returned +17.5% and SNOV +9.6%.
Which is cheaper, IJR or SNOV?
IJR is cheaper, by 0.84 percentage points a year. That is about $84 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, IJR against SNOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ijr-vs-snov

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