MID vs. RFG
Compare and contrast key facts about American Century Mid Cap Growth Impact ETF (MID) and Invesco S&P MidCap 400® Pure Growth ETF (RFG).
MID and RFG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MID is an actively managed fund by American Century. It was launched on Jul 15, 2020. RFG is a passively managed fund by Invesco that tracks the performance of the S&P Mid Cap 400 Pure Growth. It was launched on Mar 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MID or RFG.
Key characteristics
| MID | RFG | |
|---|---|---|
| YTD Return | 22.90% | 25.28% |
| 1Y Return | 40.53% | 35.56% |
| 3Y Return (Ann) | 0.17% | 2.68% |
| Sharpe Ratio | 2.46 | 1.91 |
| Sortino Ratio | 3.37 | 2.64 |
| Omega Ratio | 1.41 | 1.32 |
| Calmar Ratio | 1.41 | 1.74 |
| Martin Ratio | 16.35 | 8.23 |
| Ulcer Index | 2.51% | 4.38% |
| Daily Std Dev | 16.74% | 18.93% |
| Max Drawdown | -40.15% | -51.93% |
| Current Drawdown | -0.96% | -1.19% |
Correlation
The correlation between MID and RFG is 0.86, 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
MID vs. RFG - Performance Comparison
In the year-to-date period, MID achieves a 22.90% return, which is significantly lower than RFG's 25.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MID vs. RFG - Expense Ratio Comparison
MID has a 0.45% expense ratio, which is higher than RFG's 0.35% expense ratio.
Risk-Adjusted Performance
MID vs. RFG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Mid Cap Growth Impact ETF (MID) and Invesco S&P MidCap 400® Pure Growth ETF (RFG). 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
MID vs. RFG - Dividend Comparison
MID's dividend yield for the trailing twelve months is around 0.13%, less than RFG's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MID American Century Mid Cap Growth Impact ETF | 0.13% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RFG Invesco S&P MidCap 400® Pure Growth ETF | 0.54% | 0.99% | 0.78% | 0.26% | 0.27% | 0.64% | 0.76% | 0.66% | 0.35% | 0.61% | 0.60% | 0.65% |
Drawdowns
MID vs. RFG - Drawdown Comparison
The maximum MID drawdown since its inception was -40.15%, smaller than the maximum RFG drawdown of -51.93%. Use the drawdown chart below to compare losses from any high point for MID and RFG. For additional features, visit the drawdowns tool.
Volatility
MID vs. RFG - Volatility Comparison
The current volatility for American Century Mid Cap Growth Impact ETF (MID) is 4.44%, while Invesco S&P MidCap 400® Pure Growth ETF (RFG) has a volatility of 5.52%. This indicates that MID experiences smaller price fluctuations and is considered to be less risky than RFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.