IMIDX vs. SPY
Compare and contrast key facts about Congress Mid Cap Growth Fund (IMIDX) and SPDR S&P 500 ETF (SPY).
IMIDX is managed by Congress. It was launched on Oct 31, 2012. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMIDX or SPY.
Correlation
The correlation between IMIDX and SPY is 0.87, 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.
Performance
IMIDX vs. SPY - Performance Comparison
Key characteristics
IMIDX:
-0.28
SPY:
2.21
IMIDX:
-0.23
SPY:
2.93
IMIDX:
0.96
SPY:
1.41
IMIDX:
-0.15
SPY:
3.26
IMIDX:
-1.10
SPY:
14.40
IMIDX:
5.18%
SPY:
1.90%
IMIDX:
20.03%
SPY:
12.44%
IMIDX:
-42.14%
SPY:
-55.19%
IMIDX:
-38.42%
SPY:
-1.83%
Returns By Period
In the year-to-date period, IMIDX achieves a -5.69% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, IMIDX has underperformed SPY with an annualized return of 4.29%, while SPY has yielded a comparatively higher 13.04% annualized return.
IMIDX
-5.69%
-14.60%
-8.08%
-5.69%
0.91%
4.29%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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IMIDX vs. SPY - Expense Ratio Comparison
IMIDX has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IMIDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Congress Mid Cap Growth Fund (IMIDX) and SPDR S&P 500 ETF (SPY). 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
IMIDX vs. SPY - Dividend Comparison
IMIDX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMIDX Congress Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.04% | 0.18% | 0.12% | 0.14% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IMIDX vs. SPY - Drawdown Comparison
The maximum IMIDX drawdown since its inception was -42.14%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IMIDX and SPY. For additional features, visit the drawdowns tool.
Volatility
IMIDX vs. SPY - Volatility Comparison
Congress Mid Cap Growth Fund (IMIDX) has a higher volatility of 13.73% compared to SPDR S&P 500 ETF (SPY) at 3.81%. This indicates that IMIDX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.