IMIDX vs. MACGX

Last updated Apr 2, 2026

Compare and contrast key facts about Congress Mid Cap Growth Fund (IMIDX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX).

IMIDX is managed by Congress. It was launched on Oct 31, 2012. MACGX is managed by Morgan Stanley. It was launched on Mar 30, 1990.

Performance

IMIDX vs. MACGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Congress Mid Cap Growth Fund (IMIDX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). The values are adjusted to include any dividend payments, if applicable.

IMIDX vs. MACGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMIDX Congress Mid Cap Growth Fund	1.31%	-4.88%	18.11%	16.29%	-26.94%	29.42%	30.57%	42.36%	-4.98%	15.91%
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A	-11.39%	13.71%	42.06%	46.30%	-63.51%	-12.84%	142.01%	39.41%	11.85%	38.99%

Returns By Period

In the year-to-date period, IMIDX achieves a 1.31% return, which is significantly higher than MACGX's -11.39% return. Over the past 10 years, IMIDX has underperformed MACGX with an annualized return of 10.76%, while MACGX has yielded a comparatively higher 12.76% annualized return.

IMIDX

• 1D: 4.25%
• 1M: -5.28%
• YTD: 1.31%
• 6M: -5.75%
• 1Y: 6.85%
• 3Y*: 7.36%
• 5Y*: 2.77%
• 10Y*: 10.76%

MACGX

• 1D: 4.70%
• 1M: -4.98%
• YTD: -11.39%
• 6M: -20.28%
• 1Y: 6.83%
• 3Y*: 21.48%
• 5Y*: -7.74%
• 10Y*: 12.76%

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

IMIDX vs. MACGX - Expense Ratio Comparison

IMIDX has a 0.79% expense ratio, which is lower than MACGX's 1.00% expense ratio.

MACGX

Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A

IMIDX

Congress Mid Cap Growth Fund

Return for Risk

IMIDX vs. MACGX — Risk / Return Rank

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

IMIDX

IMIDX Risk / Return Rank: 14
IMIDX Sharpe Ratio Rank: 12
IMIDX Sortino Ratio Rank: 13
IMIDX Omega Ratio Rank: 11
IMIDX Calmar Ratio Rank: 19
IMIDX Martin Ratio Rank: 15

MACGX

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

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. MACGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Congress Mid Cap Growth Fund (IMIDX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). 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.

	IMIDX	MACGX	Difference
Sharpe ratio Return per unit of total volatility	0.36	0.27	+0.09
Sortino ratio Return per unit of downside risk	0.68	0.62	+0.06
Omega ratio Gain probability vs. loss probability	1.08	1.08	+0.01
Calmar ratio Return relative to maximum drawdown	0.65	0.29	+0.36
Martin ratio Return relative to average drawdown	1.68	0.73	+0.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMIDX vs. MACGX - Sharpe Ratio Comparison

The current IMIDX Sharpe Ratio is 0.36, which is higher than the MACGX Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of IMIDX and MACGX, 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

	IMIDX	MACGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	0.27	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	-0.16	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.33	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.31	+0.30

Correlation

The correlation between IMIDX and MACGX is 0.74, 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

IMIDX vs. MACGX - Dividend Comparison

IMIDX's dividend yield for the trailing twelve months is around 13.10%, while MACGX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMIDX Congress Mid Cap Growth Fund	13.10%	13.27%	27.75%	6.27%	5.80%	12.29%	2.06%	10.80%	2.99%	0.04%	1.11%	0.80%
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A	0.00%	0.00%	0.00%	0.00%	0.00%	52.53%	9.95%	15.34%	29.46%	48.48%	75.72%	14.05%

Drawdowns

IMIDX vs. MACGX - Drawdown Comparison

The maximum IMIDX drawdown since its inception was -35.15%, smaller than the maximum MACGX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for IMIDX and MACGX.

Drawdown Indicators

	IMIDX	MACGX	Difference
Max Drawdown Largest peak-to-trough decline	-35.15%	-77.61%	+42.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.10%	-27.55%	+15.45%
Max Drawdown (5Y) Largest decline over 5 years	-34.88%	-77.61%	+42.73%
Max Drawdown (10Y) Largest decline over 10 years	-35.15%	-77.61%	+42.46%
Current Drawdown Current decline from peak	-9.61%	-50.74%	+41.13%
Average Drawdown Average peak-to-trough decline	-7.26%	-25.53%	+18.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	10.93%	-6.26%

Volatility

IMIDX vs. MACGX - Volatility Comparison

The current volatility for Congress Mid Cap Growth Fund (IMIDX) is 8.22%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a volatility of 9.52%. This indicates that IMIDX experiences smaller price fluctuations and is considered to be less risky than MACGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMIDX	MACGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.22%	9.52%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	22.32%	-8.16%
Volatility (1Y) Calculated over the trailing 1-year period	20.85%	32.22%	-11.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	48.42%	-27.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	39.21%	-18.23%