CMLIX vs. ^GSPC
CMLIX (Congress Large Cap Growth Fund) is Large Cap Growth Equities fund managed by Congress, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CMLIX returned 16.62%/yr vs 13.66%/yr for ^GSPC. Their correlation of 0.93 suggests significant overlap in exposure.
Performance
CMLIX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, CMLIX achieves a 7.01% return, which is significantly lower than ^GSPC's 10.35% return. Over the past 10 years, CMLIX has outperformed ^GSPC with an annualized return of 16.62%, while ^GSPC has yielded a comparatively lower 13.66% annualized return.
CMLIX
- 1D
- -0.11%
- 1M
- 3.78%
- YTD
- 7.01%
- 6M
- 5.94%
- 1Y
- 18.93%
- 3Y*
- 21.29%
- 5Y*
- 12.59%
- 10Y*
- 16.62%
^GSPC
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
CMLIX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMLIX Congress Large Cap Growth Fund | 7.01% | 12.70% | 27.69% | 32.36% | -24.47% | 25.63% | 31.54% | 45.96% | 0.19% | 27.01% |
^GSPC S&P 500 Index | 10.35% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between CMLIX and ^GSPC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 3, 2010 | 0.93 |
The correlation between CMLIX and ^GSPC has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
CMLIX vs. ^GSPC — Risk / Return Rank
CMLIX
^GSPC
CMLIX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Congress Large Cap Growth Fund (CMLIX) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CMLIX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.41 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.93 | -1.46 |
| Martin ratioReturn relative to average drawdown | 5.50 | 13.52 | -8.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMLIX | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 2.24 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.73 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.76 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.47 | +0.06 |
Drawdowns
CMLIX vs. ^GSPC - Drawdown Comparison
The maximum CMLIX drawdown since its inception was -30.32%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for CMLIX and ^GSPC.
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Drawdown Indicators
| CMLIX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.32% | -56.78% | +26.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.29% | -9.10% | -4.19% |
Max Drawdown (3Y)Largest decline over 3 years | -20.51% | -18.90% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -30.32% | -25.43% | -4.89% |
Max Drawdown (10Y)Largest decline over 10 years | -30.32% | -33.92% | +3.60% |
Current DrawdownCurrent decline from peak | -0.11% | -0.74% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -10.72% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 1.97% | +1.57% |
Volatility
CMLIX vs. ^GSPC - Volatility Comparison
Congress Large Cap Growth Fund (CMLIX) has a higher volatility of 3.22% compared to S&P 500 Index (^GSPC) at 2.93%. This indicates that CMLIX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMLIX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 2.93% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 8.99% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.60% | 11.89% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 16.90% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 18.06% | +2.15% |
Frequently Asked Questions
With a correlation of 0.93, CMLIX and ^GSPC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CMLIX has higher volatility (3.22%) compared to ^GSPC (2.93%). In terms of maximum drawdown, CMLIX dropped -30.32% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.24 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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