CSMD vs. FRTY

Last updated Apr 1, 2026

Compare and contrast key facts about Congress SMID Growth ETF (CSMD) and Alger Mid Cap 40 ETF (FRTY).

CSMD and FRTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSMD is an actively managed fund by Congress. It was launched on Aug 21, 2023. FRTY is an actively managed fund by Alger Group Holdings LLC. It was launched on Feb 26, 2021.

Performance

CSMD vs. FRTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Congress SMID Growth ETF (CSMD) and Alger Mid Cap 40 ETF (FRTY). The values are adjusted to include any dividend payments, if applicable.

CSMD vs. FRTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CSMD Congress SMID Growth ETF	-2.88%	5.68%	12.70%	6.44%
FRTY Alger Mid Cap 40 ETF	-7.48%	12.82%	38.86%	9.59%

Returns By Period

In the year-to-date period, CSMD achieves a -2.88% return, which is significantly higher than FRTY's -7.48% return.

CSMD

• 1D: 3.47%
• 1M: -8.78%
• YTD: -2.88%
• 6M: -7.81%
• 1Y: 11.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FRTY

• 1D: 5.07%
• 1M: -6.70%
• YTD: -7.48%
• 6M: -12.80%
• 1Y: 22.58%
• 3Y*: 17.05%
• 5Y*: 0.73%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSMD vs. FRTY - Expense Ratio Comparison

CSMD has a 0.68% expense ratio, which is higher than FRTY's 0.60% expense ratio.

CSMD

Congress SMID Growth ETF

FRTY

Alger Mid Cap 40 ETF

Return for Risk

CSMD vs. FRTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSMD

CSMD Risk / Return Rank: 28
CSMD Sharpe Ratio Rank: 27
CSMD Sortino Ratio Rank: 29
CSMD Omega Ratio Rank: 26
CSMD Calmar Ratio Rank: 30
CSMD Martin Ratio Rank: 29

FRTY

FRTY Risk / Return Rank: 43
FRTY Sharpe Ratio Rank: 45
FRTY Sortino Ratio Rank: 46
FRTY Omega Ratio Rank: 41
FRTY Calmar Ratio Rank: 46
FRTY Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSMD vs. FRTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Congress SMID Growth ETF (CSMD) and Alger Mid Cap 40 ETF (FRTY). 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.

	CSMD	FRTY	Difference
Sharpe ratio Return per unit of total volatility	0.49	0.81	-0.32
Sortino ratio Return per unit of downside risk	0.86	1.23	-0.37
Omega ratio Gain probability vs. loss probability	1.11	1.16	-0.05
Calmar ratio Return relative to maximum drawdown	0.74	1.15	-0.41
Martin ratio Return relative to average drawdown	2.47	3.27	-0.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSMD vs. FRTY - Sharpe Ratio Comparison

The current CSMD Sharpe Ratio is 0.49, which is lower than the FRTY Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of CSMD and FRTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CSMD	FRTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	0.81	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	-0.00	+0.43

Correlation

The correlation between CSMD and FRTY is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CSMD vs. FRTY - Dividend Comparison

CSMD has not paid dividends to shareholders, while FRTY's dividend yield for the trailing twelve months is around 0.21%.

	TTM	2025	2024	2023	2022	2021
CSMD Congress SMID Growth ETF	0.00%	0.00%	0.40%	0.02%	0.00%	0.00%
FRTY Alger Mid Cap 40 ETF	0.21%	0.19%	0.10%	0.00%	0.00%	5.35%

Drawdowns

CSMD vs. FRTY - Drawdown Comparison

The maximum CSMD drawdown since its inception was -22.54%, smaller than the maximum FRTY drawdown of -53.15%. Use the drawdown chart below to compare losses from any high point for CSMD and FRTY.

Drawdown Indicators

	CSMD	FRTY	Difference
Max Drawdown Largest peak-to-trough decline	-22.54%	-53.15%	+30.61%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-19.75%	+4.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-53.15%	—
Current Drawdown Current decline from peak	-11.83%	-18.23%	+6.40%
Average Drawdown Average peak-to-trough decline	-4.71%	-28.59%	+23.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	6.96%	-2.50%

Volatility

CSMD vs. FRTY - Volatility Comparison

The current volatility for Congress SMID Growth ETF (CSMD) is 7.98%, while Alger Mid Cap 40 ETF (FRTY) has a volatility of 9.77%. This indicates that CSMD experiences smaller price fluctuations and is considered to be less risky than FRTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSMD	FRTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.98%	9.77%	-1.79%
Volatility (6M) Calculated over the trailing 6-month period	14.86%	19.64%	-4.78%
Volatility (1Y) Calculated over the trailing 1-year period	22.59%	28.00%	-5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.70%	27.02%	-7.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.70%	27.12%	-7.42%