IMIDX vs. LSMIX

Last updated Jul 11, 2026

IMIDX (Congress Mid Cap Growth Fund) and LSMIX (Loomis Sayles Small/Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, IMIDX returned 11.74%/yr vs 11.75%/yr for LSMIX. Their correlation of 0.90 suggests significant overlap in exposure. IMIDX charges 0.79%/yr vs 0.99%/yr for LSMIX.

Performance

IMIDX vs. LSMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Congress Mid Cap Growth Fund (IMIDX) and Loomis Sayles Small/Mid Cap Growth Fund (LSMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMIDX achieves a 16.17% return, which is significantly lower than LSMIX's 18.34% return. Both investments have delivered pretty close results over the past 10 years, with IMIDX having a 11.74% annualized return and LSMIX not far ahead at 11.75%.

IMIDX

• 1D: 1.09%
• 1M: -1.55%
• 6M: 12.12%
• YTD: 16.17%
• 1Y: 12.98%
• 3Y*: 10.65%
• 5Y*: 4.00%
• 10Y*: 11.74%

LSMIX

• 1D: 1.73%
• 1M: 4.08%
• 6M: 13.17%
• YTD: 18.34%
• 1Y: 23.73%
• 3Y*: 14.07%
• 5Y*: 4.30%
• 10Y*: 11.75%

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

IMIDX vs. LSMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMIDX Congress Mid Cap Growth Fund	16.17%	-4.88%	18.11%	16.29%	-26.94%	29.42%	30.57%	42.36%	-4.98%	15.91%
LSMIX Loomis Sayles Small/Mid Cap Growth Fund	18.34%	5.71%	17.74%	6.71%	-27.08%	17.40%	31.56%	35.21%	-7.32%	31.80%

Correlation

The correlation between IMIDX and LSMIX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.90

The correlation between IMIDX and LSMIX shifts across timeframes, from 0.71 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IMIDX vs. LSMIX — Risk / Return Rank

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

IMIDX

IMIDX Risk / Return Rank: 12
IMIDX Sharpe Ratio Rank: 10
IMIDX Sortino Ratio Rank: 11
IMIDX Omega Ratio Rank: 10
IMIDX Calmar Ratio Rank: 14
IMIDX Martin Ratio Rank: 12

LSMIX

LSMIX Risk / Return Rank: 53
LSMIX Sharpe Ratio Rank: 41
LSMIX Sortino Ratio Rank: 51
LSMIX Omega Ratio Rank: 39
LSMIX Calmar Ratio Rank: 69
LSMIX Martin Ratio Rank: 63

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.

IMIDX vs. LSMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Congress Mid Cap Growth Fund (IMIDX) and Loomis Sayles Small/Mid Cap Growth Fund (LSMIX). 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.

	IMIDX	LSMIX	Difference
Sharpe ratio: Return per unit of total volatility	0.58	1.44	-0.86
Sortino ratio: Return per unit of downside risk	0.95	2.28	-1.32
Omega ratio: Gain probability vs. loss probability	1.11	1.25	-0.14
Calmar ratio: Return relative to maximum drawdown	0.93	2.56	-1.62
Martin ratio: Return relative to average drawdown	2.43	9.59	-7.16

IMIDX vs. LSMIX - Sharpe Ratio Comparison

The current IMIDX Sharpe Ratio is 0.58, which is lower than the LSMIX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of IMIDX and LSMIX, 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

IMIDX vs. LSMIX - Drawdown Comparison

The maximum IMIDX drawdown since its inception was -35.15%, roughly equal to the maximum LSMIX drawdown of -36.96%. Use the drawdown chart below to compare losses from any high point for IMIDX and LSMIX.

Drawdown Indicators

	IMIDX	LSMIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.15%	-36.96%	+1.81%
Max Drawdown (1Y) Largest decline over 1 year	-12.10%	-11.07%	-1.03%
Max Drawdown (3Y) Largest decline over 3 years	-23.49%	-24.39%	+0.90%
Max Drawdown (5Y) Largest decline over 5 years	-34.88%	-35.49%	+0.61%
Max Drawdown (10Y) Largest decline over 10 years	-35.15%	-36.96%	+1.81%
Current Drawdown Current decline from peak	-3.27%	-2.23%	-1.04%
Average Drawdown Average peak-to-trough decline	-7.16%	-9.92%	+2.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.63%	2.75%	+1.88%

Volatility

IMIDX vs. LSMIX - Volatility Comparison

Congress Mid Cap Growth Fund (IMIDX) has a higher volatility of 7.34% compared to Loomis Sayles Small/Mid Cap Growth Fund (LSMIX) at 6.19%. This indicates that IMIDX's price experiences larger fluctuations and is considered to be riskier than LSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMIDX	LSMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	6.19%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	16.09%	15.11%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	19.59%	19.72%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.63%	21.60%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.15%	21.45%	-0.30%

IMIDX vs. LSMIX - Expense Ratio Comparison

IMIDX has a 0.79% expense ratio, which is lower than LSMIX's 0.99% expense ratio.

Dividends

IMIDX vs. LSMIX - Dividend Comparison

IMIDX's dividend yield for the trailing twelve months is around 11.43%, while LSMIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMIDX Congress Mid Cap Growth Fund	11.43%	13.27%	27.75%	6.27%	5.80%	12.29%	2.06%	10.80%	2.99%	0.04%	1.11%	0.80%
LSMIX Loomis Sayles Small/Mid Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	9.95%	0.68%	4.40%	46.82%	0.00%	0.18%	0.00%

Frequently Asked Questions

Can I hold both IMIDX and LSMIX in my portfolio?

IMIDX and LSMIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMIDX or LSMIX?

IMIDX has higher volatility (7.34%) compared to LSMIX (6.19%). In terms of maximum drawdown, IMIDX dropped -35.15% vs LSMIX's -36.96%.

Which has better risk-adjusted returns?

LSMIX currently has the higher Sharpe Ratio (1.44 vs 0.58), 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.