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.
Key characteristics
| IMIDX | SPY | |
|---|---|---|
| YTD Return | 3.33% | 18.37% |
| 1Y Return | 10.60% | 26.96% |
| 3Y Return (Ann) | -2.96% | 9.40% |
| 5Y Return (Ann) | 10.04% | 15.01% |
| 10Y Return (Ann) | 10.40% | 12.90% |
| Sharpe Ratio | 0.73 | 2.14 |
| Daily Std Dev | 16.31% | 12.67% |
| Max Drawdown | -35.15% | -55.19% |
| Current Drawdown | -14.61% | -1.02% |
Correlation
The correlation between IMIDX and SPY is 0.88, 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
In the year-to-date period, IMIDX achieves a 3.33% return, which is significantly lower than SPY's 18.37% return. Over the past 10 years, IMIDX has underperformed SPY with an annualized return of 10.40%, while SPY has yielded a comparatively higher 12.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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's dividend yield for the trailing twelve months is around 6.07%, more than SPY's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMIDX Congress Mid Cap Growth Fund | 6.07% | 6.27% | 5.80% | 12.29% | 2.06% | 5.41% | 2.99% | 0.04% | 1.11% | 0.80% | 3.96% | 1.54% |
SPY SPDR S&P 500 ETF | 0.94% | 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 -35.15%, 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 5.11% compared to SPDR S&P 500 ETF (SPY) at 4.24%. 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.