CSMD vs. IWR

Last updated Apr 1, 2026

Compare and contrast key facts about Congress SMID Growth ETF (CSMD) and iShares Russell Midcap ETF (IWR).

CSMD and IWR 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. IWR is a passively managed fund by iShares that tracks the performance of the Russell Midcap Index. It was launched on Jul 17, 2001.

Performance

CSMD vs. IWR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Congress SMID Growth ETF (CSMD) and iShares Russell Midcap ETF (IWR). The values are adjusted to include any dividend payments, if applicable.

CSMD vs. IWR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CSMD Congress SMID Growth ETF	-2.88%	5.68%	12.70%	6.44%
IWR iShares Russell Midcap ETF	1.27%	10.37%	15.21%	10.04%

Returns By Period

In the year-to-date period, CSMD achieves a -2.88% return, which is significantly lower than IWR's 1.27% return.

CSMD

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

IWR

• 1D: 2.63%
• 1M: -5.34%
• YTD: 1.27%
• 6M: 1.38%
• 1Y: 15.79%
• 3Y*: 13.14%
• 5Y*: 6.77%
• 10Y*: 10.69%

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

CSMD vs. IWR - Expense Ratio Comparison

CSMD has a 0.68% expense ratio, which is higher than IWR's 0.19% expense ratio.

CSMD

Congress SMID Growth ETF

IWR

iShares Russell Midcap ETF

Return for Risk

CSMD vs. IWR — 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

IWR

IWR Risk / Return Rank: 52
IWR Sharpe Ratio Rank: 48
IWR Sortino Ratio Rank: 50
IWR Omega Ratio Rank: 50
IWR Calmar Ratio Rank: 52
IWR Martin Ratio Rank: 60

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. IWR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Congress SMID Growth ETF (CSMD) and iShares Russell Midcap ETF (IWR). 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	IWR	Difference
Sharpe ratio Return per unit of total volatility	0.49	0.83	-0.34
Sortino ratio Return per unit of downside risk	0.86	1.28	-0.42
Omega ratio Gain probability vs. loss probability	1.11	1.18	-0.07
Calmar ratio Return relative to maximum drawdown	0.74	1.22	-0.48
Martin ratio Return relative to average drawdown	2.47	5.67	-3.20
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. IWR - Sharpe Ratio Comparison

The current CSMD Sharpe Ratio is 0.49, which is lower than the IWR Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of CSMD and IWR, 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	IWR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	0.83	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.47	-0.05

Correlation

The correlation between CSMD and IWR is 0.91, 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. IWR - Dividend Comparison

CSMD has not paid dividends to shareholders, while IWR's dividend yield for the trailing twelve months is around 1.28%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSMD Congress SMID Growth ETF	0.00%	0.00%	0.40%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IWR iShares Russell Midcap ETF	1.28%	1.29%	1.27%	1.43%	1.59%	1.04%	1.28%	1.43%	1.98%	1.52%	1.72%	1.59%

Drawdowns

CSMD vs. IWR - Drawdown Comparison

The maximum CSMD drawdown since its inception was -22.54%, smaller than the maximum IWR drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for CSMD and IWR.

Drawdown Indicators

	CSMD	IWR	Difference
Max Drawdown Largest peak-to-trough decline	-22.54%	-58.78%	+36.24%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-13.38%	-1.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.59%	—
Current Drawdown Current decline from peak	-11.83%	-5.75%	-6.08%
Average Drawdown Average peak-to-trough decline	-4.71%	-7.85%	+3.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	2.89%	+1.57%

Volatility

CSMD vs. IWR - Volatility Comparison

Congress SMID Growth ETF (CSMD) has a higher volatility of 7.98% compared to iShares Russell Midcap ETF (IWR) at 5.53%. This indicates that CSMD's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSMD	IWR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.98%	5.53%	+2.45%
Volatility (6M) Calculated over the trailing 6-month period	14.86%	10.46%	+4.40%
Volatility (1Y) Calculated over the trailing 1-year period	22.59%	19.07%	+3.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.70%	18.25%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.70%	19.35%	+0.35%