CSMD vs. QQQJ

Last updated Jun 24, 2026

CSMD (Congress SMID Growth ETF) and QQQJ (Invesco NASDAQ Next Gen 100 ETF) are both Mid Cap Growth Equities funds. CSMD is actively managed, while QQQJ is passively managed. Over the past year, CSMD returned 14.22% vs 41.94% for QQQJ. Their correlation of 0.87 suggests significant overlap in exposure. CSMD charges 0.68%/yr vs 0.15%/yr for QQQJ.

Performance

CSMD vs. QQQJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Congress SMID Growth ETF (CSMD) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSMD achieves a 11.26% return, which is significantly lower than QQQJ's 20.04% return.

CSMD

• 1D: -1.54%
• 1M: 5.61%
• YTD: 11.26%
• 6M: 8.75%
• 1Y: 14.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQJ

• 1D: -1.14%
• 1M: 2.22%
• YTD: 20.04%
• 6M: 17.68%
• 1Y: 41.94%
• 3Y*: 21.29%
• 5Y*: 6.21%
• 10Y*: —

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

CSMD vs. QQQJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CSMD Congress SMID Growth ETF	11.26%	5.68%	12.70%	6.54%
QQQJ Invesco NASDAQ Next Gen 100 ETF	20.04%	20.44%	15.36%	6.72%

Correlation

The correlation between CSMD and QQQJ is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023	0.87

The correlation between CSMD and QQQJ has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

CSMD vs. QQQJ - Sectors Allocation Comparison

Sectors	CSMD	QQQJ
Industrials	32.5%	11.1%
Technology	23.8%	40.4%
Healthcare	15.2%	18.7%
Consumer Cyclical	9.1%	11.3%
Consumer Defensive	7.1%	2.6%
Financial Services	6.5%	2.0%
Energy	2.1%	1.0%
Basic Materials	2.1%	2.6%
Real Estate	1.6%	-
Communication Services	-	7.8%
Utilities	-	2.6%

Return for Risk

CSMD vs. QQQJ — Risk / Return Rank

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

CSMD

CSMD Risk / Return Rank: 22
CSMD Sharpe Ratio Rank: 22
CSMD Sortino Ratio Rank: 21
CSMD Omega Ratio Rank: 21
CSMD Calmar Ratio Rank: 22
CSMD Martin Ratio Rank: 24

QQQJ

QQQJ Risk / Return Rank: 72
QQQJ Sharpe Ratio Rank: 72
QQQJ Sortino Ratio Rank: 68
QQQJ Omega Ratio Rank: 67
QQQJ Calmar Ratio Rank: 73
QQQJ Martin Ratio Rank: 79

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. QQQJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Congress SMID Growth ETF (CSMD) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CSMD	QQQJ	Difference
Sharpe ratio: Return per unit of total volatility	0.71	2.22	-1.50
Sortino ratio: Return per unit of downside risk	1.13	2.97	-1.84
Omega ratio: Gain probability vs. loss probability	1.14	1.38	-0.25
Calmar ratio: Return relative to maximum drawdown	0.97	3.56	-2.59
Martin ratio: Return relative to average drawdown	2.93	14.75	-11.82

CSMD vs. QQQJ - Sharpe Ratio Comparison

The current CSMD Sharpe Ratio is 0.71, which is lower than the QQQJ Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of CSMD and QQQJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSMD vs. QQQJ - Drawdown Comparison

The maximum CSMD drawdown since its inception was -22.54%, smaller than the maximum QQQJ drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for CSMD and QQQJ.

Drawdown Indicators

	CSMD	QQQJ	Difference
Max Drawdown Largest peak-to-trough decline	-22.54%	-39.57%	+17.03%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-11.84%	-2.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.57%	—
Current Drawdown Current decline from peak	-1.76%	-3.24%	+1.48%
Average Drawdown Average peak-to-trough decline	-4.68%	-15.62%	+10.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.87%	2.85%	+2.02%

Volatility

CSMD vs. QQQJ - Volatility Comparison

Congress SMID Growth ETF (CSMD) and Invesco NASDAQ Next Gen 100 ETF (QQQJ) have volatilities of 7.44% and 7.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSMD	QQQJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	7.18%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	15.58%	15.70%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	20.04%	19.00%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	22.18%	-2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.99%	22.11%	-2.12%

CSMD vs. QQQJ - Expense Ratio Comparison

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

Dividends

CSMD vs. QQQJ - Dividend Comparison

CSMD has not paid dividends to shareholders, while QQQJ's dividend yield for the trailing twelve months is around 0.55%.

Position	TTM	2025	2024	2023	2022	2021	2020
CSMD Congress SMID Growth ETF	0.00%	0.00%	0.40%	0.02%	0.00%	0.00%	0.00%
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.55%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%

Frequently Asked Questions

Can I hold both CSMD and QQQJ in my portfolio?

CSMD and QQQJ have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSMD or QQQJ?

CSMD has higher volatility (7.44%) compared to QQQJ (7.18%). In terms of maximum drawdown, CSMD dropped -22.54% vs QQQJ's -39.57%.

Which ETF is better, CSMD or QQQJ?

On 1-year performance, QQQJ leads with 41.94% vs 14.22% for CSMD. On fees, QQQJ is cheaper at 0.15% per year. On volatility, QQQJ has been the lower-risk option at 7.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSMD or QQQJ?

Over the 1-year period, QQQJ has performed better with a 41.94% return vs 14.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSMD or QQQJ?

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

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

QQQJ has the higher dividend yield at 0.55%, compared with 0.00% for CSMD.

What is the main difference between CSMD and QQQJ?

They also come from different issuers: Congress and Invesco. Their fees differ too: 0.68% for CSMD and 0.15% for QQQJ.

Which has better risk-adjusted returns?

QQQJ currently has the higher Sharpe Ratio (2.22 vs 0.71), 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.