CSMD vs. PDP
Compare and contrast key facts about Congress SMID Growth ETF (CSMD) and Invesco Dorsey Wright Momentum ETF (PDP).
CSMD and PDP 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. PDP is a passively managed fund by Invesco that tracks the performance of the Dorsey Wright Technical Leaders Index. It was launched on Mar 1, 2007.
Performance
CSMD vs. PDP - Performance Comparison
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CSMD vs. PDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CSMD Congress SMID Growth ETF | -2.88% | 5.68% | 12.70% | 6.44% |
PDP Invesco Dorsey Wright Momentum ETF | 3.73% | 8.37% | 26.06% | 9.66% |
Returns By Period
In the year-to-date period, CSMD achieves a -2.88% return, which is significantly lower than PDP's 3.73% return.
CSMD
- 1D
- 3.47%
- 1M
- -8.78%
- YTD
- -2.88%
- 6M
- -7.81%
- 1Y
- 11.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDP
- 1D
- 4.68%
- 1M
- -6.38%
- YTD
- 3.73%
- 6M
- 2.28%
- 1Y
- 20.93%
- 3Y*
- 16.94%
- 5Y*
- 7.20%
- 10Y*
- 11.68%
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CSMD vs. PDP - Expense Ratio Comparison
CSMD has a 0.68% expense ratio, which is higher than PDP's 0.62% expense ratio.
Return for Risk
CSMD vs. PDP — Risk / Return Rank
CSMD
PDP
CSMD vs. PDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Congress SMID Growth ETF (CSMD) and Invesco Dorsey Wright Momentum ETF (PDP). 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 | PDP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.87 | -0.38 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.30 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.78 | -1.03 |
Martin ratioReturn relative to average drawdown | 2.47 | 5.80 | -3.33 |
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
| CSMD | PDP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.87 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
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 | 0.41 | +0.01 |
Correlation
The correlation between CSMD and PDP is 0.86, 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. PDP - Dividend Comparison
CSMD has not paid dividends to shareholders, while PDP's dividend yield for the trailing twelve months is around 0.13%.
| 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% |
PDP Invesco Dorsey Wright Momentum ETF | 0.13% | 0.17% | 0.15% | 0.42% | 0.45% | 0.00% | 0.11% | 0.25% | 0.18% | 0.28% | 0.81% | 0.39% |
Drawdowns
CSMD vs. PDP - Drawdown Comparison
The maximum CSMD drawdown since its inception was -22.54%, smaller than the maximum PDP drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for CSMD and PDP.
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Drawdown Indicators
| CSMD | PDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -59.34% | +36.80% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -12.04% | -2.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.70% | — |
Current DrawdownCurrent decline from peak | -11.83% | -7.49% | -4.34% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -10.69% | +5.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 3.69% | +0.77% |
Volatility
CSMD vs. PDP - Volatility Comparison
The current volatility for Congress SMID Growth ETF (CSMD) is 7.98%, while Invesco Dorsey Wright Momentum ETF (PDP) has a volatility of 9.98%. This indicates that CSMD experiences smaller price fluctuations and is considered to be less risky than PDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSMD | PDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 9.98% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 18.59% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 24.13% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.70% | 21.93% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.70% | 21.44% | -1.74% |