IMCG vs. MDYG
Compare and contrast key facts about iShares Morningstar Mid-Cap Growth ETF (IMCG) and SPDR S&P 400 Mid Cap Growth ETF (MDYG).
IMCG and MDYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. MDYG is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Growth Index. It was launched on Nov 8, 2005. Both IMCG and MDYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMCG or MDYG.
Performance
IMCG vs. MDYG - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with IMCG having a 23.11% return and MDYG slightly lower at 22.26%. Over the past 10 years, IMCG has outperformed MDYG with an annualized return of 12.26%, while MDYG has yielded a comparatively lower 10.29% annualized return.
IMCG
23.11%
6.52%
15.64%
34.18%
13.88%
12.26%
MDYG
22.26%
4.45%
8.68%
31.82%
11.93%
10.29%
Key characteristics
| IMCG | MDYG | |
|---|---|---|
| Sharpe Ratio | 2.44 | 1.99 |
| Sortino Ratio | 3.33 | 2.76 |
| Omega Ratio | 1.41 | 1.33 |
| Calmar Ratio | 1.64 | 2.18 |
| Martin Ratio | 12.70 | 10.55 |
| Ulcer Index | 2.73% | 3.09% |
| Daily Std Dev | 14.20% | 16.39% |
| Max Drawdown | -58.96% | -59.09% |
| Current Drawdown | 0.00% | -1.29% |
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IMCG vs. MDYG - Expense Ratio Comparison
IMCG has a 0.06% expense ratio, which is lower than MDYG's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IMCG and MDYG is 0.89, 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.
Risk-Adjusted Performance
IMCG vs. MDYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap Growth ETF (IMCG) and SPDR S&P 400 Mid Cap Growth ETF (MDYG). 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.
Dividends
IMCG vs. MDYG - Dividend Comparison
IMCG's dividend yield for the trailing twelve months is around 0.76%, less than MDYG's 0.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.76% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
MDYG SPDR S&P 400 Mid Cap Growth ETF | 0.90% | 1.19% | 1.16% | 0.69% | 0.71% | 1.21% | 1.36% | 2.23% | 1.25% | 2.48% | 1.60% | 0.82% |
Drawdowns
IMCG vs. MDYG - Drawdown Comparison
The maximum IMCG drawdown since its inception was -58.96%, roughly equal to the maximum MDYG drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for IMCG and MDYG. For additional features, visit the drawdowns tool.
Volatility
IMCG vs. MDYG - Volatility Comparison
The current volatility for iShares Morningstar Mid-Cap Growth ETF (IMCG) is 4.59%, while SPDR S&P 400 Mid Cap Growth ETF (MDYG) has a volatility of 5.30%. This indicates that IMCG experiences smaller price fluctuations and is considered to be less risky than MDYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.