Data as of Oct 28, 2026.
IJT vs SPSM: Differences, Returns & Fees
Over the year to Oct 28, 2026, IJT returned +15.4% to SPSM's +17.6%; 62% of their weight is in the same names.
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Net assets on Oct 27, 2026: $7.5bn for iShares S&P Small-Cap 600 Growth ETF and $16.0bn for State Street SPDR Portfolio S&P 600 Small Cap ETF.
Pair scorecard
SPSM costs 0.15 points a year less; their one-year returns differ by 2.2 points; SPSM is 2.1 times larger.
| Measure | IJT | SPSM |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.4% | +17.6% |
| Drawdown | ||
| Below its high | 8.2%, high on Aug 4, 2026 | 6.7%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | S&P SmallCap 600 Growth Index | S&P SmallCap 600 Index |
| Cost and size | ||
| Expense ratio | 0.18% | 0.03% |
| Net assets, as of Oct 27, 2026 | $7.5bn | $16.0bn |
| Holdings | ||
| Holdings in common | 62% | |
| Top ten holdings, share of the fund | 9.6% | 5.3% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jul 19, 2013 to Oct 23, 2026 · 692 weekly returnsEach against its own benchmark: IJT against SLYG, Oct 13, 2000 to Oct 23, 2026; SPSM against IJR, Jul 19, 2013 to Oct 23, 2026.
IJT returned more: +252.2% to +222.7%. IJT and SPSM swung about the same: 20.8% and 21.2%. IJT and SPSM fell about the same at their worst: −41.6% and −41.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IJT | SPSM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +252.2% | +222.7% | IJT | Price change plus distributions, reinvested. |
| Annualized | +9.9% | +9.2% | IJT (slight) | Total return as a yearly rate. |
| Price return | +210.9% | +158.2% | IJT | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.8% | 21.2% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.3% | 14.6% | IJT (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −41.6% | −41.9% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 90.0% | 99.1% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 95.0% | 100.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.91 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.99 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.47 | 0.43 | IJT (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.68 | 0.63 | IJT (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.105 | 0.091 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.24 | 0.22 | IJT (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SLYG | IJR | The ETF each fund is measured against. | |
| Alpha | +2.0% a year | −0.5% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.64 | −0.73 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +4.4% | −1.8% to +0.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.19 | −0.20 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 6.6% | 2.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 692 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IJT and SPSM hold 62% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
62% in common
Only in one fund ↓
Side by side
IJT and SPSM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IJT and SPSM are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IJT follows S&P SmallCap 600 Growth Index and SPSM follows S&P SmallCap 600 Index.
- One-year total return. Over 1 year to Oct 28, 2026 IJT returned +15.4% and SPSM +17.6% with distributions reinvested, a gap of 2.2 points.
- Cost. IJT charges 0.18% of assets a year and SPSM 0.03%, a gap of 0.15 points.
Data as of Oct 28, 2026.
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IJT
IJT tracks the S&P Small-Cap 600 Growth. Over the year to Oct 28, 2026 it returned +15.4% with distributions reinvested, against +15.6% for its benchmark, the S&P SmallCap 600 Growth Index. The prospectus expense ratio is 0.18% 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 369 positions, with the top ten at 9.6%. It sat 8.2% below its high of Aug 4, 2026 on Oct 28, 2026.
SPSM
SPSM tracks an index. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested, against +17.5% for its benchmark, the S&P SmallCap 600 Index. The prospectus expense ratio is 0.03% 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 609 positions, with the top ten at 5.3%. It sat 6.7% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IJT or SPSM?
- In the year to Oct 28, 2026, with distributions reinvested, IJT returned +15.4% and SPSM +17.6%.
- Which is cheaper, IJT or SPSM?
- SPSM is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IJT against SPSM, data as of Oct 28, 2026. https://etfiq.com/compare/any/ijt-vs-spsm
ETFIQ. (Oct 28, 2026). IJT against SPSM. Retrieved from https://etfiq.com/compare/any/ijt-vs-spsm
[IJT against SPSM (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ijt-vs-spsm)
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