ETF Evaluator: iShares S&P Small-Cap 600 Value ETF (IJS) Follow This ETF

iShares S&P Small-Cap 600 Value ETF Overview

iShares S&P Small-Cap 600 Value ETF (IJS) is a passively managed U.S. Equity Small Value exchange-traded fund (ETF). iShares launched the ETF in 2000.

The investment seeks to track the investment results of the S&P SmallCap 600 Value IndexTM composed of small-capitalization U.S. equities that exhibit value characteristics. The fund generally will invest at least 80% of its assets in the component securities of its underling index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

About iShares S&P Small-Cap 600 Value ETF (IJS)

There are 4 members of the management team with an average tenure of 4.42 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P US TMI TR USD index with a weighting of 100% and S&P SmallCap 600 Value TR USD index with a weighting of 100%. iShares S&P Small-Cap 600 Value ETF has 468 securities in its portfolio. The top 10 holdings constitute 9.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

iShares S&P Small-Cap 600 Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. iShares S&P Small-Cap 600 Value ETF has 0.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.9% There is 0.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares S&P Small-Cap 600 Value ETF has 0.2% of the portfolio in cash.

Assets Under Management

The fund has $8 billion in total assets, which is above the $2 billion average for the Small Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

IJS Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares S&P Small-Cap 600 Value ETF expense ratio is low compared to funds in the Small Value category. iShares S&P Small-Cap 600 Value ETF has an expense ratio of 0.18%, which is 62% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares S&P Small-Cap 600 Value ETF has a portfolio turnover rate of 56%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 61% for the Small Value category.

Recently, in the month of June 2026, iShares S&P Small-Cap 600 Value ETF returned 5.1%, which earned it a grade of C, as the Small Value category had an average return of 4.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

iShares S&P Small-Cap 600 Value ETF has a trailing yield of 1.32%, which is below the 1.78% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

iShares S&P Small-Cap 600 Value ETF Grades

Year to date, the ETF has returned 20.9%, 2.8 percentage points better than the category, which translates into a grade of B. The fund has returned 39.5% over the past year (grade of A), 14.8% over the past three years (grade of C) and 7.1% per year over the past five years (grade of D) and 10.6% per year over the past 10 years (grade of D).

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about iShares S&P Small-Cap 600 Value ETF, including its riskiness, submit your email to unlock the rest of the article.