HRSMX vs. IMCG
HRSMX (Hood River Small-Cap Growth Fund) and IMCG (iShares Morningstar Mid-Cap Growth ETF) are both funds - HRSMX is a Small Cap Growth Equities fund managed by Hood River Capital Management, while IMCG is a Mid Cap Growth Equities fund tracking the Morningstar US Mid Cap Broad Growth Index. Over the past 10 years, HRSMX returned 20.80%/yr vs 14.87%/yr for IMCG. Their correlation of 0.89 suggests significant overlap in exposure. HRSMX charges 1.09%/yr vs 0.06%/yr for IMCG.
Performance
HRSMX vs. IMCG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HRSMX achieves a 35.16% return, which is significantly higher than IMCG's 21.07% return. Over the past 10 years, HRSMX has outperformed IMCG with an annualized return of 20.80%, while IMCG has yielded a comparatively lower 14.87% annualized return.
HRSMX
- 1D
- -1.98%
- 1M
- 1.28%
- YTD
- 35.16%
- 6M
- 31.49%
- 1Y
- 70.28%
- 3Y*
- 35.44%
- 5Y*
- 15.10%
- 10Y*
- 20.80%
IMCG
- 1D
- 0.43%
- 1M
- 5.66%
- YTD
- 21.07%
- 6M
- 18.85%
- 1Y
- 22.59%
- 3Y*
- 18.89%
- 5Y*
- 7.79%
- 10Y*
- 14.87%
HRSMX vs. IMCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRSMX Hood River Small-Cap Growth Fund | 35.16% | 23.85% | 35.48% | 21.52% | -27.99% | 23.19% | 60.80% | 24.13% | -6.91% | 20.60% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 21.07% | 6.55% | 18.14% | 20.73% | -25.79% | 15.39% | 45.64% | 35.70% | -3.68% | 25.57% |
Correlation
The correlation between HRSMX and IMCG 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 (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2004 | 0.89 |
The correlation between HRSMX and IMCG has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HRSMX vs. IMCG — Risk / Return Rank
HRSMX
IMCG
HRSMX vs. IMCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hood River Small-Cap Growth Fund (HRSMX) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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.
| HRSMX | IMCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.24 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 6.01 | 2.23 | +3.78 |
| Martin ratioReturn relative to average drawdown | 24.17 | 8.50 | +15.67 |
Loading charts...
Drawdowns
HRSMX vs. IMCG - Drawdown Comparison
The maximum HRSMX drawdown since its inception was -64.92%, which is greater than IMCG's maximum drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for HRSMX and IMCG.
Loading charts...
Drawdown Indicators
| HRSMX | IMCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.92% | -58.96% | -5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -10.17% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -33.04% | -21.92% | -11.12% |
Max Drawdown (5Y)Largest decline over 5 years | -38.49% | -35.08% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -40.74% | -35.08% | -5.66% |
Current DrawdownCurrent decline from peak | -1.98% | -1.11% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -13.04% | -9.20% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.66% | +0.39% |
Volatility
HRSMX vs. IMCG - Volatility Comparison
Hood River Small-Cap Growth Fund (HRSMX) has a higher volatility of 8.99% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 7.40%. This indicates that HRSMX's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HRSMX | IMCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.99% | 7.40% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 22.16% | 14.08% | +8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.70% | 16.77% | +10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.50% | 20.37% | +7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 20.59% | +5.47% |
HRSMX vs. IMCG - Expense Ratio Comparison
HRSMX has a 1.09% expense ratio, which is higher than IMCG's 0.06% expense ratio.
Dividends
HRSMX vs. IMCG - Dividend Comparison
HRSMX's dividend yield for the trailing twelve months is around 3.13%, more than IMCG's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRSMX Hood River Small-Cap Growth Fund | 3.13% | 4.23% | 3.75% | 0.00% | 0.00% | 19.96% | 6.28% | 0.00% | 4.59% | 6.74% | 0.00% | 5.73% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.62% | 0.78% | 0.78% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% |
Frequently Asked Questions
HRSMX and IMCG 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.
HRSMX has higher volatility (8.99%) compared to IMCG (7.40%). In terms of maximum drawdown, HRSMX dropped -64.92% vs IMCG's -58.96%.
HRSMX currently has the higher Sharpe Ratio (2.67 vs 1.36), 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.
Find the right allocation for HRSMX and IMCG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer