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:
-0.89
SPY:
0.34
IMIDX:
-1.11
SPY:
0.62
IMIDX:
0.84
SPY:
1.09
IMIDX:
-0.42
SPY:
0.35
IMIDX:
-1.71
SPY:
1.64
IMIDX:
12.51%
SPY:
4.00%
IMIDX:
24.00%
SPY:
19.55%
IMIDX:
-50.86%
SPY:
-55.19%
IMIDX:
-46.86%
SPY:
-12.02%
Returns By Period
In the year-to-date period, IMIDX achieves a -11.80% return, which is significantly lower than SPY's -7.99% return. Over the past 10 years, IMIDX has underperformed SPY with an annualized return of 2.88%, while SPY has yielded a comparatively higher 11.91% annualized return.
IMIDX
-11.80%
-1.33%
-23.92%
-20.48%
0.93%
2.88%
SPY
-7.99%
-4.19%
-6.68%
7.93%
15.74%
11.91%
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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 Rank
IMIDX
SPY
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 1.33%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMIDX Congress Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.04% | 0.18% | 0.12% | 0.14% |
SPY SPDR S&P 500 ETF | 1.33% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IMIDX vs. SPY - Drawdown Comparison
The maximum IMIDX drawdown since its inception was -50.86%, 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
The current volatility for Congress Mid Cap Growth Fund (IMIDX) is 12.50%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.47%. This indicates that IMIDX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.