MGMT vs. IMCB
Compare and contrast key facts about Ballast Small/Mid Cap ETF (MGMT) and iShares Morningstar Mid-Cap ETF (IMCB).
MGMT and IMCB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MGMT is an actively managed fund by Inverdale Capital Management LLC. It was launched on Dec 2, 2020. IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004.
Performance
MGMT vs. IMCB - Performance Comparison
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MGMT vs. IMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MGMT Ballast Small/Mid Cap ETF | 1.78% | 6.96% | 12.95% | 17.87% | -14.54% | 40.77% | 5.36% |
IMCB iShares Morningstar Mid-Cap ETF | 1.14% | 10.25% | 15.10% | 16.37% | -16.09% | 22.81% | 3.08% |
Returns By Period
In the year-to-date period, MGMT achieves a 1.78% return, which is significantly higher than IMCB's 1.14% return.
MGMT
- 1D
- 1.69%
- 1M
- -6.24%
- YTD
- 1.78%
- 6M
- 2.77%
- 1Y
- 17.28%
- 3Y*
- 11.33%
- 5Y*
- 6.53%
- 10Y*
- —
IMCB
- 1D
- 2.52%
- 1M
- -5.47%
- YTD
- 1.14%
- 6M
- 1.17%
- 1Y
- 14.21%
- 3Y*
- 12.90%
- 5Y*
- 7.16%
- 10Y*
- 10.27%
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MGMT vs. IMCB - Expense Ratio Comparison
MGMT has a 1.10% expense ratio, which is higher than IMCB's 0.04% expense ratio.
Return for Risk
MGMT vs. IMCB — Risk / Return Rank
MGMT
IMCB
MGMT vs. IMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ballast Small/Mid Cap ETF (MGMT) and iShares Morningstar Mid-Cap ETF (IMCB). 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.
| MGMT | IMCB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.79 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.22 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.16 | +0.18 |
Martin ratioReturn relative to average drawdown | 4.37 | 5.35 | -0.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MGMT | IMCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.79 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.41 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.48 | +0.14 |
Correlation
The correlation between MGMT and IMCB 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.
Dividends
MGMT vs. IMCB - Dividend Comparison
MGMT's dividend yield for the trailing twelve months is around 0.33%, less than IMCB's 1.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGMT Ballast Small/Mid Cap ETF | 0.33% | 0.34% | 0.51% | 1.16% | 0.90% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMCB iShares Morningstar Mid-Cap ETF | 1.38% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
Drawdowns
MGMT vs. IMCB - Drawdown Comparison
The maximum MGMT drawdown since its inception was -24.95%, smaller than the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for MGMT and IMCB.
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Drawdown Indicators
| MGMT | IMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -58.80% | +33.85% |
Max Drawdown (1Y)Largest decline over 1 year | -13.60% | -12.92% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -25.15% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.99% | — |
Current DrawdownCurrent decline from peak | -9.82% | -5.73% | -4.09% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -7.79% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 2.79% | +1.37% |
Volatility
MGMT vs. IMCB - Volatility Comparison
Ballast Small/Mid Cap ETF (MGMT) has a higher volatility of 5.69% compared to iShares Morningstar Mid-Cap ETF (IMCB) at 5.32%. This indicates that MGMT's price experiences larger fluctuations and is considered to be riskier than IMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGMT | IMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 5.32% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 9.96% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.89% | 17.98% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.55% | 17.57% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 19.63% | +0.11% |