IMCB vs. CSD
Compare and contrast key facts about iShares Morningstar Mid-Cap ETF (IMCB) and Invesco S&P Spin-Off ETF (CSD).
IMCB and CSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004. CSD is a passively managed fund by Invesco that tracks the performance of the S&P U.S. Spin-Off Index. It was launched on Dec 15, 2006. Both IMCB and CSD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IMCB vs. CSD - Performance Comparison
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IMCB vs. CSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.14% | 10.25% | 15.10% | 16.37% | -16.09% | 22.81% | 13.35% | 31.49% | -11.53% | 19.70% |
CSD Invesco S&P Spin-Off ETF | 12.97% | 21.58% | 27.61% | 23.77% | -15.04% | 13.01% | 10.79% | 20.61% | -17.82% | 20.64% |
Returns By Period
In the year-to-date period, IMCB achieves a 1.14% return, which is significantly lower than CSD's 12.97% return. Over the past 10 years, IMCB has underperformed CSD with an annualized return of 10.27%, while CSD has yielded a comparatively higher 12.09% annualized return.
IMCB
- 1D
- 2.52%
- 1M
- -5.47%
- YTD
- 1.14%
- 6M
- 1.17%
- 1Y
- 14.21%
- 3Y*
- 12.90%
- 5Y*
- 7.16%
- 10Y*
- 10.27%
CSD
- 1D
- 4.82%
- 1M
- -6.74%
- YTD
- 12.97%
- 6M
- 21.17%
- 1Y
- 50.42%
- 3Y*
- 26.15%
- 5Y*
- 12.70%
- 10Y*
- 12.09%
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IMCB vs. CSD - Expense Ratio Comparison
IMCB has a 0.04% expense ratio, which is lower than CSD's 0.65% expense ratio.
Return for Risk
IMCB vs. CSD — Risk / Return Rank
IMCB
CSD
IMCB vs. CSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) and Invesco S&P Spin-Off ETF (CSD). 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.
| IMCB | CSD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.74 | -0.94 |
Sortino ratioReturn per unit of downside risk | 1.22 | 2.30 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.99 | -1.84 |
Martin ratioReturn relative to average drawdown | 5.35 | 12.37 | -7.02 |
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
| IMCB | CSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.74 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.55 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.49 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.39 | +0.09 |
Correlation
The correlation between IMCB and CSD is 0.83, 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
IMCB vs. CSD - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.38%, more than CSD's 0.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.38% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
CSD Invesco S&P Spin-Off ETF | 0.14% | 0.16% | 0.17% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% |
Drawdowns
IMCB vs. CSD - Drawdown Comparison
The maximum IMCB drawdown since its inception was -58.80%, smaller than the maximum CSD drawdown of -70.47%. Use the drawdown chart below to compare losses from any high point for IMCB and CSD.
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Drawdown Indicators
| IMCB | CSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -70.47% | +11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -17.08% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -30.15% | +5.00% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -57.55% | +16.56% |
Current DrawdownCurrent decline from peak | -5.73% | -7.06% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -14.35% | +6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 4.13% | -1.34% |
Volatility
IMCB vs. CSD - Volatility Comparison
The current volatility for iShares Morningstar Mid-Cap ETF (IMCB) is 5.32%, while Invesco S&P Spin-Off ETF (CSD) has a volatility of 10.52%. This indicates that IMCB experiences smaller price fluctuations and is considered to be less risky than CSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMCB | CSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 10.52% | -5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 19.01% | -9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 29.16% | -11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.57% | 23.04% | -5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 24.69% | -5.06% |