What Is the IJS ETF? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
The iShares S&P Small-Cap 600 Value ETF (IJS) diversifies across U.S. small-cap value stocks, keeps individual position weights low and pays quarterly dividends, making it a useful reference for investors interested in the small-cap outlook and diversified exposure to related stocks.
SubscribeWhat Is the iShares S&P Small-Cap 600 Value ETF?
This ETF tracks the S&P SmallCap 600 Value Index and diversifies across U.S. small-cap stocks selected through value metrics such as book value, earnings and sales.
It suits medium- to long-term investors who want diversified exposure centered on undervalued names in the small-cap space.
It is a passively managed (index-tracking) ETF run by iShares.
How Does the iShares S&P Small-Cap 600 Value ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | S&P SmallCap 600 Value |
| Management Style | Passive (index-tracking) |
| Rebalancing Frequency | Annually (regular reconstitution) |
| Dividend Frequency | Quarterly |
| Expense Ratio | 0.18% |
The fund screens U.S. small caps for undervalued stocks using value metrics such as price-to-book, earnings and sales, and holds them on a market-cap-weighted basis. It keeps individual position weights low in pursuit of broad diversification.
- Focused exposure to small-cap value stocks
- A diversified structure that keeps individual position weights low
iShares S&P Small-Cap 600 Value ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $7.8B, and the expense ratio is 0.18% per year.
Unlike large-cap-focused value ETFs such as VTV, IWD and IVE shown in the table, IJS provides value exposure specialized in the small-cap segment.
iShares S&P Small-Cap 600 Value ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeSmall-cap value stocks tend to be more volatile than large caps depending on interest rates and the economic cycle, and recently they have also moved unevenly across market phases as rate and economic expectations shifted.
The small-cap value category reacts sensitively to the business cycle and the interest rate environment, and fund flows tend to show pronounced volatility as market conditions and investor sentiment change.
iShares S&P Small-Cap 600 Value ETF Strengths and Weaknesses
Its strength is diversified exposure specialized in small-cap value, while higher volatility and economic sensitivity relative to large caps are points to watch.
💪 Key Strengths
⚠️ Points to Watch
iShares S&P Small-Cap 600 Value ETF Alternative ETFs and Related Products
VTV, IWD and IVE in the table are large-cap-focused value ETFs and differ from IJS in market-cap range, while VBR invests in small-cap value stocks much like IJS and is a direct comparison. For exposure to small caps broadly without a style tilt, a small-cap core ETF such as IJR is an option, and for wider exposure to large-cap value as a whole, SPYV can also be considered.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VTV | Vanguard Morningstar Value ETF | $228.02 | -0.4% | $196.6B | 0.03% | 1.83% | +22.9% |
 IWD | iShares Russell 1000 Value ETF | $258.65 | -0.8% | $83.9B | 0.18% | 1.37% | +26.9% |
 IVE | iShares S&P 500 Value ETF | $239.53 | -0.8% | $51.1B | 0.18% | 1.51% | +15.0% |
 SPYV | State Street SPDR Portfolio S&P 500 Value ETF | $64.13 | -0.8% | $39.2B | 0.04% | 1.65% | +14.9% |
 VBR | Vanguard Morningstar Small-Cap Value ETF | $243.44 | -0.6% | $37.3B | 0.05% | 1.82% | +18.4% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 MOH | Molina Healthcare Inc | 0.02% | $204.78 | +2.9% | $10.7B | - | - |
 EMN | Eastman Chemical Co | 0.02% | $66.53 | -2.1% | $7.6B | 17.3 | 5.08% |
 LKQ | LKQ Corp | 0.01% | $18.56 | +2.5% | $4.7B | 18.3 | 6.47% |
 MTCH | Match Group Inc | 0.02% | $41.41 | -2.9% | $9.5B | 14.6 | 1.59% |
 CE | Celanese Corp | 0.01% | $49.30 | +2.0% | $5.4B | - | 0.26% |
 SM | SM Energy Co | 0.01% | $40.38 | +2.0% | $9.6B | 8.0 | 2.35% |
 KMX | Carmax Inc | 0.01% | $55.58 | -1.1% | $7.9B | 27.2 | - |
iShares S&P Small-Cap 600 Value ETF Investor Checkpoints
Here are the points to review before investing in IJS. Given the nature of small-cap value stocks, it is worth checking volatility, economic sensitivity, stock diversification and the fee level carefully in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the cumulative cost impact over a long holding period | Annual fee applies |
| 📊 Stock Diversification | Trend in individual position weights | Low concentration maintained |
| 📉 Volatility | Check the range of price swings across economic phases | Higher volatility than large caps |
| 💰 Dividends | Whether quarterly dividends are paid | Quarterly dividends maintained |
Given the nature of small-cap value stocks, short-term volatility can increase during economic slowdowns and interest rate changes. Although individual position weights are low, note that the category as a whole is sensitive to the economy.
It is a core product suited to investors who want diversified exposure in the small-cap value space. If you need large-cap value, you can compare VTV and IWD, and VBR is a similar small-cap value alternative.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 1, 2026.
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