SPDR S&P Midcap 400 ETF Trust
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
Standard & Poor's Depositary Receipts, represent ownership in a unit investment trust that seeks investment results which, before expenses, generally correspond to the price and yield performance of U.S. mid-cap stocks, as represented by the Standard & Poor's MidCap 400 Index. |
Category | US Equities |
Fund Sponsor | Bank of New York |
Website | www.nyse.com |
Inception date | May 04, 1995 |
Assets (mns) | $19,808 |
Currency | USD |
Expense ratio | 23 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | Bank of New York Mellon |
Weighting | Market Cap |
Index replication | Full |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 400 |
Wgt avg mkt cap (mns) | $7,048 |
Large cap (>$10bn) | 17.3% |
Mid cap ($2-10bn) | 80.9% |
Small cap (<$2bn) | 1.9% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
GENERAC HOLDINGS INC | 0.8 % |
MONOLITHIC POWER SYSTEMS INC | 0.8 % |
ELDORADO RESORTS INC | 0.8 % |
SOLAREDGE TECHNOLOGIES, INC. | 0.8 % |
PENN NATIONAL GAMING INC | 0.7 % |
COGNEX CORP | 0.7 % |
FAIR ISAAC CORP | 0.7 % |
CHARLES RIVER LABORATORIES | 0.6 % |
BIO-TECHNE CORPORATION | 0.6 % |
PARAMETRIC TECHNOLOGY CORP | 0.6 % | Total | 7.1 % |
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UNITED STATES | 97.5 % |
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BERMUDA | 0.9 % |
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BRITAIN | 0.9 % |
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IRELAND | 0.6 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
13.5% | 13.5% | 12.1% | 11.2% | 11.4% |
versus... | Beta | R-squared |
S&P500 | 1.19 | 90% |
MSCI EAFE | 1.14 | 81% |
MSCI Emg. Mkts. | 0.95 | 72% |
Recent close | $448.48 |
30d moving avg. | $427.04 |
Annualized volatility | 23.6% |
Short interest (ETF) | 4.8% |
Short interest (Underlying) | 5.7% |
Relative strength (RSI) | 68 |
Avg. volume (thou.) | 981 |
Turnover | 2.2% |
Bid/Ask (% of price) | 0.02% |
ADV underlying (mns) | $23,006 |
FINDING ALTERNATIVE FUNDS
Below is a list of 99 potential alternatives to the SPDR S&P Midcap 400 ETF Trust ETF based on the alternatives' overlap in portfolio holdings with MDY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | MDY | Expense: | 23 bp | ALTAR Score™: | 5.1% |
Ticker | Fund Name |
Overlap1 vs MDY (%) |
Expense ratio (bp) |
Savings vs MDY (bp) |
ALTAR Score™ (%) |
ALTAR vs MDY (%) |
SPMD | SPDR Portfolio Mid Cap ETF | 99.6 | 5 | 18 | 5.3 | +0.2 |
IJH | iShares Core S&P Mid-Cap ETF | 99.6 | 5 | 18 | 5.3 | +0.2 |
IVOO | Vanguard S&P Mid-Cap 400 ETF | 93.1 | 10 | 13 | 5.3 | +0.2 |
XJH | iShares ESG Screened S&P Mid-Cap ETF | 91.1 | 12 | 11 | 5.4 | +0.3 |
EWMC | Invesco S&P MidCap 400 Equal Weight ETF | 78.8 | 40 | -17 | 5.6 | +0.5 |
SMDY | Syntax Stratified MidCap ETF | 66.7 | 30 | -7 | 5.1 | +0.0 |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | 64.7 | 15 | 8 | 3.7 | -1.4 |
IJK | iShares S&P Mid-Cap 400 Growth ETF | 64.7 | 17 | 6 | 3.7 | -1.4 |
IJJ | iShares S&P Mid-Cap 400 Value ETF | 63.6 | 18 | 5 | 6.9 | +1.8 |
MDYV | SPDR S&P 400 Mid Cap Value ETF | 63.6 | 15 | 8 | 6.9 | +1.8 |
IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 61.8 | 15 | 8 | 4.1 | -1.0 |
IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 59.8 | 15 | 8 | 6.7 | +1.6 |
RWK | Invesco S&P MidCap 400 Revenue ETF | 57.5 | 39 | -16 | 6.3 | +1.3 |
BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 52.3 | 7 | 16 | 3.9 | -1.2 |
BKSE | BNY Mellon US Small Cap Core Equity ETF | 44.6 | 4 | 19 | 4.7 | -0.4 |
VBR | Vanguard Small Cap Value Index Fund | 44.0 | 7 | 16 | 6.4 | +1.3 |
EZM | WisdomTree U.S. MidCap Earnings Fund | 42.8 | 38 | -15 | 7.5 | +2.4 |
PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 42.4 | 60 | -37 | 3.6 | -1.5 |
SFYX | Sofi Next 500 ETF | 42.0 | 0 | 23 | 4.8 | -0.3 |
PBSM | Invesco PureBeta MSCI USA Small Cap ETF | 39.6 | 6 | 17 | 4.0 | -1.1 |
ESML | iShares MSCI USA Small-Cap ESG Optimized ETF | 39.5 | 17 | 6 | 4.0 | -1.1 |
FNX | First Trust Mid Cap Core AlphaDEX Fund | 39.4 | 61 | -38 | 5.0 | -0.1 |
FSMD | Fidelity Small-Mid Factor ETF | 39.1 | 29 | -6 | 5.2 | +0.1 |
SCHM | Schwab U.S. Mid-Cap ETF | 38.3 | 4 | 19 | 5.0 | -0.1 |
VB | Vanguard Small-Cap ETF | 38.0 | 5 | 18 | 4.4 | -0.7 |
AFMC | First Trust Active Factor Mid Cap ETF | 37.1 | 65 | -42 | 5.2 | +0.1 |
JHSC | John Hancock Multifactor Small Cap ETF | 36.6 | 42 | -19 | 4.5 | -0.6 |
DON | WisdomTree U.S. MidCap Dividend Fund | 36.5 | 38 | -15 | 6.7 | +1.6 |
RNMC | Mid Cap US Equity Select ETF | 36.5 | 60 | -37 | 6.0 | +1.0 |
SCHA | Schwab U.S. Small-Cap ETF | 34.2 | 4 | 19 | 3.6 | -1.5 |
VBK | Vanguard Small-Cap Growth Index Fund | 34.1 | 7 | 16 | 1.9 | -3.2 |
PSM | Principal U.S. Small-MidCap Multi-Factor Core Index ETF | 31.9 | 20 | 3 | 7.1 | +2.0 |
RFG | Invesco S&P Midcap 400 Pure Growth ETF | 30.4 | 35 | -12 | 3.3 | -1.8 |
XMMO | Invesco S&P MidCap Momentum ETF | 29.6 | 34 | -11 | 3.4 | -1.7 |
FNDA | Schwab Fundamental U.S. Small Co. Index ETF | 29.5 | 25 | -2 | 4.8 | -0.3 |
NUSC | Nuveen ESG Small-Cap ETF | 28.0 | 40 | -17 | 3.9 | -1.2 |
VTWO | Vanguard Russell 2000 Index Fund | 27.9 | 10 | 13 | 2.6 | -2.5 |
VXF | Vanguard Extended Market Index Fund | 27.8 | 6 | 17 | 2.5 | -2.6 |
IUSS | Invesco Strategic US Small Company ETF | 27.0 | 23 | 0 | 3.6 | -1.5 |
USEQ | Invesco Russell 1000 Enhanced Equal Weight ETF | 26.7 | 29 | -6 | 6.0 | +0.9 |
FNK | First Trust Mid Cap Value AlphaDEX Fund | 26.4 | 70 | -47 | 7.7 | +2.6 |
FNY | First Trust Mid Cap Growth AlphaDEX Fund | 25.9 | 70 | -47 | 1.6 | -3.5 |
HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 25.5 | 80 | -57 | 4.7 | -0.4 |
SMMD | iShares Russell 2500 ETF | 25.0 | 15 | 8 | 4.7 | -0.4 |
JKL | iShares Morningstar Small Cap Value ETF | 24.9 | 30 | -7 | 7.6 | +2.5 |
JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 24.3 | 24 | -1 | 5.4 | +0.3 |
JHMM | John Hancock Multifactor Mid Cap ETF | 24.0 | 42 | -19 | 4.7 | -0.4 |
JKJ | iShares Morningstar Small-Cap ETF | 23.1 | 25 | -2 | 5.0 | -0.1 |
XMLV | Invesco S&P MidCap Low Volatility ETF | 23.1 | 25 | -2 | 5.1 | -0.0 |
IWM | iShares Russell 2000 ETF | 22.7 | 19 | 4 | 2.5 | -2.6 |
EQAL | Invesco Russell 1000 Equal Weight ETF | 22.2 | 20 | 3 | 5.0 | -0.1 |
ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 21.5 | 20 | 3 | 6.2 | +1.1 |
XMHQ | Invesco S&P MidCap Quality ETF | 21.3 | 25 | -2 | 5.3 | +0.2 |
FLQM | Franklin LibertyQ U.S. Mid Cap Equity ETF | 20.7 | 30 | -7 | 5.3 | +0.3 |
ONEO | SPDR Russell 1000 Momentum Focus ETF | 20.4 | 20 | 3 | 5.6 | +0.5 |
RFV | Invesco S&P Midcap 400 Pure Value ETF | 20.3 | 35 | -12 | 8.8 | +3.7 |
FAB | First Trust Multi Cap Value AlphaDEX Fund | 20.1 | 71 | -48 | 7.5 | +2.4 |
OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 19.9 | 29 | -6 | 7.2 | +2.1 |
USLB | Invesco Russell 1000 Low Beta Equal Weight ETF | 19.9 | 35 | -12 | 5.1 | -0.0 |
VFVA | Vanguard U.S. Value Factor ETF | 19.8 | 14 | 9 | 8.4 | +3.3 |
USVM | VictoryShares USAA MSCI USA Small Cap Value Momentum ETF | 19.8 | 24 | -1 | 4.9 | -0.2 |
SIXL | 6 Meridian Low Beta Equity Strategy ETF | 19.3 | 84 | -61 | 4.1 | -1.0 |
ONEY | SPDR Russell 1000 Yield Focus ETF | 19.0 | 20 | 3 | 7.2 | +2.1 |
GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 18.2 | 20 | 3 | 3.8 | -1.3 |
XMVM | Invesco S&P MidCap Value with Momentum ETF | 18.0 | 39 | -16 | 8.0 | +2.9 |
VFLQ | Vanguard U.S. Liquidity Factor ETF | 17.9 | 14 | 9 | 3.5 | -1.6 |
SMMV | iShares Edge MSCI Min Vol USA Small-Cap ETF | 17.8 | 20 | 3 | 3.7 | -1.4 |
DEUS | Xtrackers Russell 1000 Comprehensive Factor ETF | 17.7 | 17 | 6 | 5.6 | +0.6 |
JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 17.6 | 29 | -6 | 4.2 | -0.9 |
IWS | iShares Russell Mid-Cap Value ETF | 17.5 | 24 | -1 | 5.9 | +0.8 |
BFOR | Barron's 400 ETF | 17.1 | 65 | -42 | 5.5 | +0.4 |
VFQY | Vanguard U.S. Quality Factor ETF | 17.0 | 13 | 10 | 5.3 | +0.2 |
STMB | iShares Factors US Mid Blend Style ETF | 16.8 | 30 | -7 | 4.9 | -0.2 |
VFMF | Vanguard U.S. Multifactor ETF | 16.8 | 19 | 4 | 6.1 | +1.0 |
TPLC | Timothy Plan US Large Cap Core ETF | 16.7 | 52 | -29 | 4.4 | -0.7 |
VTWG | Vanguard Russell 2000 Growth Index Fund | 16.3 | 15 | 8 | 0.1 | -5.0 |
IWO | iShares Russell 2000 Growth ETF | 16.2 | 24 | -1 | -0.1 | -5.2 |
TUSA | First Trust Total US Market AlphaDEX ETF | 16.2 | 70 | -47 | 4.8 | -0.3 |
PRFZ | Invesco FTSE RAFI US 1500 Small-Mid ETF | 16.1 | 39 | -16 | 3.4 | -1.7 |
SMLF | iShares Edge MSCI Multifactor USA Small-Cap ETF | 15.7 | 30 | -7 | 6.0 | +0.9 |
IWR | iShares Russell Midcap ETF | 15.7 | 19 | 4 | 4.7 | -0.4 |
FAD | First Trust Multi Cap Growth AlphaDEX Fund | 15.3 | 66 | -43 | 1.8 | -3.3 |
IWN | iShares Russell 2000 Value ETF | 15.3 | 24 | -1 | 5.0 | -0.1 |
VUSE | Vident Core US Equity Fund | 15.2 | 48 | -25 | 7.3 | +2.2 |
JKH | iShares Morningstar Mid-Cap Growth ETF | 15.1 | 30 | -7 | 1.9 | -3.2 |
USMF | WisdomTree U.S. Multifactor Fund | 15.0 | 28 | -5 | 5.4 | +0.3 |
AVUV | Avantis U.S. Small Cap Value ETF | 14.9 | 25 | -2 | 6.3 | +1.2 |
VTWV | Vanguard Russell 2000 Value Index Fund | 14.8 | 15 | 8 | 5.1 | +0.0 |
AFSM | First Trust Active Factor Small Cap ETF | 14.7 | 77 | -54 | 4.3 | -0.8 |
JHMI | John Hancock Multifactor Industrials ETF | 14.4 | 40 | -17 | 5.0 | -0.1 |
STSB | iShares Factors US Small Blend Style ETF | 14.3 | 35 | -12 | 2.9 | -2.2 |
OUSM | O'Shares FTSE Russell Small Cap Quality Dividend ETF | 14.2 | 48 | -25 | 5.5 | +0.5 |
JVAL | JPMorgan U.S. Value Factor ETF | 14.1 | 12 | 11 | 7.1 | +2.1 |
JSMD | Janus Henderson Small/Mid Cap Growth Alpha ETF | 14.0 | 30 | -7 | 4.9 | -0.2 |
TILT | Flexshares Morningstar US Market Factors Tilt Index Fund | 13.8 | 25 | -2 | 4.9 | -0.2 |
REGL | ProShares S&P MidCap 400 Dividend Aristocrats ETF | 13.7 | 41 | -18 | 5.4 | +0.3 |
FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 13.4 | 63 | -40 | 5.1 | +0.0 |
JKK | iShares Morningstar Small-Cap Growth ETF | 13.4 | 30 | -7 | 0.6 | -4.5 |
PSC | Principal U.S. Small Cap Index ETF | 13.1 | 38 | -15 | 4.6 | -0.5 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
SPDR S&P Midcap 400 ETF Trust | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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