CSMD vs. VB

Last updated Apr 1, 2026

Compare and contrast key facts about Congress SMID Growth ETF (CSMD) and Vanguard Small-Cap ETF (VB).

CSMD and VB 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. VB is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap. It was launched on Jan 26, 2004.

Performance

CSMD vs. VB - Performance Comparison

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

CSMD vs. VB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CSMD Congress SMID Growth ETF	-2.88%	5.68%	12.70%	6.44%
VB Vanguard Small-Cap ETF	1.92%	8.87%	14.17%	10.52%

Returns By Period

In the year-to-date period, CSMD achieves a -2.88% return, which is significantly lower than VB's 1.92% return.

CSMD

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

VB

• 1D: 3.18%
• 1M: -5.13%
• YTD: 1.92%
• 6M: 3.76%
• 1Y: 19.75%
• 3Y*: 13.04%
• 5Y*: 5.35%
• 10Y*: 10.51%

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

CSMD vs. VB - Expense Ratio Comparison

CSMD has a 0.68% expense ratio, which is higher than VB's 0.05% expense ratio.

CSMD

Congress SMID Growth ETF

VB

Vanguard Small-Cap ETF

Return for Risk

CSMD vs. VB — 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

VB

VB Risk / Return Rank: 59
VB Sharpe Ratio Rank: 55
VB Sortino Ratio Rank: 58
VB Omega Ratio Rank: 55
VB Calmar Ratio Rank: 60
VB Martin Ratio Rank: 65

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. VB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Congress SMID Growth ETF (CSMD) and Vanguard Small-Cap ETF (VB). 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	VB	Difference
Sharpe ratio Return per unit of total volatility	0.49	0.91	-0.42
Sortino ratio Return per unit of downside risk	0.86	1.41	-0.55
Omega ratio Gain probability vs. loss probability	1.11	1.19	-0.08
Calmar ratio Return relative to maximum drawdown	0.74	1.39	-0.64
Martin ratio Return relative to average drawdown	2.47	5.97	-3.50
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. VB - Sharpe Ratio Comparison

The current CSMD Sharpe Ratio is 0.49, which is lower than the VB Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of CSMD and VB, 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	VB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	0.91	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.42	+0.01

Correlation

The correlation between CSMD and VB is 0.92, 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. VB - Dividend Comparison

CSMD has not paid dividends to shareholders, while VB's dividend yield for the trailing twelve months is around 1.34%.

	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%
VB Vanguard Small-Cap ETF	1.34%	1.33%	1.30%	1.55%	1.59%	1.24%	1.14%	1.39%	1.67%	1.35%	1.50%	1.48%

Drawdowns

CSMD vs. VB - Drawdown Comparison

The maximum CSMD drawdown since its inception was -22.54%, smaller than the maximum VB drawdown of -59.56%. Use the drawdown chart below to compare losses from any high point for CSMD and VB.

Drawdown Indicators

	CSMD	VB	Difference
Max Drawdown Largest peak-to-trough decline	-22.54%	-59.56%	+37.02%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-14.29%	-0.50%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.05%	—
Current Drawdown Current decline from peak	-11.83%	-6.08%	-5.75%
Average Drawdown Average peak-to-trough decline	-4.71%	-8.49%	+3.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	3.32%	+1.14%

Volatility

CSMD vs. VB - Volatility Comparison

Congress SMID Growth ETF (CSMD) has a higher volatility of 7.98% compared to Vanguard Small-Cap ETF (VB) at 6.84%. This indicates that CSMD's price experiences larger fluctuations and is considered to be riskier than VB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSMD	VB	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.98%	6.84%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	14.86%	12.60%	+2.26%
Volatility (1Y) Calculated over the trailing 1-year period	22.59%	21.86%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.70%	20.78%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.70%	21.40%	-1.70%