CSMD vs. MDYG

Last updated Jun 4, 2026

CSMD (Congress SMID Growth ETF) and MDYG (SPDR S&P 400 Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. CSMD is actively managed, while MDYG is passively managed. Over the past year, CSMD returned 14.97% vs 29.98% for MDYG. Their correlation of 0.93 suggests significant overlap in exposure. CSMD charges 0.68%/yr vs 0.15%/yr for MDYG.

Performance

CSMD vs. MDYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Congress SMID Growth ETF (CSMD) and SPDR S&P 400 Mid Cap Growth ETF (MDYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSMD achieves a 10.72% return, which is significantly lower than MDYG's 19.12% return.

CSMD

• 1D: 0.29%
• 1M: 7.59%
• YTD: 10.72%
• 6M: 8.83%
• 1Y: 14.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDYG

• 1D: 0.19%
• 1M: 5.83%
• YTD: 19.12%
• 6M: 19.35%
• 1Y: 29.98%
• 3Y*: 18.05%
• 5Y*: 8.60%
• 10Y*: 11.58%

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

CSMD vs. MDYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CSMD Congress SMID Growth ETF	10.72%	5.68%	12.70%	6.44%
MDYG SPDR S&P 400 Mid Cap Growth ETF	19.12%	7.22%	15.84%	7.49%

Correlation

The correlation between CSMD and MDYG is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023	0.93

The correlation between CSMD and MDYG has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

CSMD vs. MDYG - Sectors Allocation Comparison

Sectors	CSMD	MDYG
Industrials	31.1%	30.9%
Technology	25.3%	21.5%
Healthcare	14.6%	13.7%
Consumer Cyclical	8.7%	8.1%
Consumer Defensive	6.8%	2.1%
Financial Services	3.7%	7.1%
Energy	3.6%	3.7%
Basic Materials	2.0%	3.7%
Real Estate	1.6%	5.6%
Communication Services	-	1.5%
Utilities	-	2.0%

Return for Risk

CSMD vs. MDYG — Risk / Return Rank

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

CSMD

CSMD Risk / Return Rank: 24
CSMD Sharpe Ratio Rank: 24
CSMD Sortino Ratio Rank: 24
CSMD Omega Ratio Rank: 23
CSMD Calmar Ratio Rank: 23
CSMD Martin Ratio Rank: 24

MDYG

MDYG Risk / Return Rank: 55
MDYG Sharpe Ratio Rank: 50
MDYG Sortino Ratio Rank: 52
MDYG Omega Ratio Rank: 48
MDYG Calmar Ratio Rank: 60
MDYG Martin Ratio Rank: 66

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. MDYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Congress SMID Growth ETF (CSMD) and SPDR S&P 400 Mid Cap Growth ETF (MDYG). 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	MDYG	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.77	-0.98
Sortino ratio: Return per unit of downside risk	1.24	2.54	-1.30
Omega ratio: Gain probability vs. loss probability	1.15	1.31	-0.16
Calmar ratio: Return relative to maximum drawdown	1.02	3.04	-2.02
Martin ratio: Return relative to average drawdown	3.09	12.15	-9.06
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. MDYG - Sharpe Ratio Comparison

The current CSMD Sharpe Ratio is 0.79, which is lower than the MDYG Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of CSMD and MDYG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSMD	MDYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	1.77	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.48	+0.18

Drawdowns

CSMD vs. MDYG - Drawdown Comparison

The maximum CSMD drawdown since its inception was -22.54%, smaller than the maximum MDYG drawdown of -58.44%. Use the drawdown chart below to compare losses from any high point for CSMD and MDYG.

Drawdown Indicators

	CSMD	MDYG	Difference
Max Drawdown Largest peak-to-trough decline	-22.54%	-58.44%	+35.90%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-9.91%	-4.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.27%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.75%	-8.03%	+3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.85%	2.47%	+2.38%

Volatility

CSMD vs. MDYG - Volatility Comparison

Congress SMID Growth ETF (CSMD) has a higher volatility of 6.03% compared to SPDR S&P 400 Mid Cap Growth ETF (MDYG) at 5.23%. This indicates that CSMD's price experiences larger fluctuations and is considered to be riskier than MDYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSMD	MDYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.03%	5.23%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	14.45%	13.22%	+1.23%
Volatility (1Y) Calculated over the trailing 1-year period	18.97%	17.05%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	20.62%	-0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	21.05%	-1.28%

CSMD vs. MDYG - Expense Ratio Comparison

CSMD has a 0.68% expense ratio, which is higher than MDYG's 0.15% expense ratio.

Dividends

CSMD vs. MDYG - Dividend Comparison

CSMD has not paid dividends to shareholders, while MDYG's dividend yield for the trailing twelve months is around 0.61%.

Position	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%
MDYG SPDR S&P 400 Mid Cap Growth ETF	0.61%	0.75%	0.87%	1.20%	1.16%	0.69%	0.71%	1.21%	1.36%	2.23%	1.25%	2.51%

Frequently Asked Questions

Can I hold both CSMD and MDYG in my portfolio?

With a correlation of 0.91, CSMD and MDYG 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.

Which is riskier, CSMD or MDYG?

CSMD has higher volatility (6.03%) compared to MDYG (5.23%). In terms of maximum drawdown, CSMD dropped -22.54% vs MDYG's -58.44%.

Which ETF is better, CSMD or MDYG?

On 1-year performance, MDYG leads with 29.98% vs 14.97% for CSMD. On fees, MDYG is cheaper at 0.15% per year. On volatility, MDYG has been the lower-risk option at 5.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSMD or MDYG?

Over the 1-year period, MDYG has performed better with a 29.98% return vs 14.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSMD or MDYG?

MDYG is cheaper with a 0.15% expense ratio, compared with 0.68% for CSMD.

Which ETF pays a higher dividend yield, CSMD or MDYG?

MDYG has the higher dividend yield at 0.61%, compared with 0.00% for CSMD.

What is the main difference between CSMD and MDYG?

They also come from different issuers: Congress and State Street. Their fees differ too: 0.68% for CSMD and 0.15% for MDYG.

Which has better risk-adjusted returns?

MDYG currently has the higher Sharpe Ratio (1.77 vs 0.79), 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.