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Launched · SEC filings

State Street SPDR S&P MIDCAP 400 ETF Trust

MDYNYSE ArcaSPDRB

$672.88−5.74 (−0.85%)

As of Nov 10, 2026, 11:15 AM ET

B66/ 100

Rank 4 of 11 in S&P MidCap 400

B66/100Rank 4 of 11inS&P MidCap 400
Intraday session: down, 22 prints from 678.61 to 672.88. Range 671.38 to 676.62. Use the arrow keys to read each point.672.00674.00676.0010 AM12 PM2 PM4 PM
Expense ratio
0.23%
Fund size
$25.5B
1Y total return
+15.7%
Yield · Last 12 months
1.03%
Holdings
401
Avg volume · 30D
647K sh
52W range
low $568.21high $717.35
Launched
Filings
SEC EDGAR

The ETF.net MDY Grade

B

Score 66 out of 100

Category
S&P MidCap 400⁠
Rank
4 of 11
Six-pillar profile for MDY. Scores out of 100: Cost 24, Risk 57, Mission 100, Tradability 93, Holdings 79, Durability 76. Strongest: Mission (100). Weakest: Cost (24). Leans toward Mission.

Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F24 out of 100
    Rank 9 of 11

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 1 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A93 out of 100
    Rank 1 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A79 out of 100
    Rank 2 of 11

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A76 out of 100
    Rank 2 of 11

Our read on MDY

ETF.net Research

In short

BLaunched in 1995, MDY was the original one-ticker route into the S&P MidCap 400, and it still trades like a heavyweight. The trade-off: a fee set in an era before same-index clones charged pennies.

Stated mandate

The fund seeks to track, before expenses, the price and yield performance of the S&P MidCap 400 Index.

Why people hold it

  • A 1995 launch makes it one of the oldest ETFs on the US market, and it is still a multi-billion-dollar, actively traded way to own mid-size America.
  • Tracking is about as tight as this group gets: roughly 400 mid-size US companies, held with minimal drift from the S&P MidCap 400 Index it follows.ssga.com
  • Built as a 1940 Act unit investment trust, so it holds the index as published rather than a sample, and passes cash through to holders quarterly.

Worth knowing

  • It charges 0.23%, above the cohort median and several times what same-index options like SPMD (0.03%) and IJH (0.05%) cost. Identical index, different bill.
  • The trust structure cannot lend out holdings or reinvest dividends between quarterly payouts, small frictions that newer open-end fund structures avoid.
  • Pure mid-cap exposure, no large-cap ballast: the swings here tend to run wider than a broad S&P 500 or total-market fund.

MDY Holdings

Holdings pillarA79 out of 100Rank 2 of 11 in S&P MidCap 400
Asset class
Stocks
Holdings
401
Top-10 weight
7%
Largest holding
CASH_USD0.8%

Sectors

  • Industrials23.2%
  • Financials16.0%
  • Technology11.3%
  • Health Care11.1%
  • Consumer Discretionary11.1%
  • Real Estate7.6%
  • Materials6.1%
  • Energy5.1%
  • Consumer Staples3.5%
  • Utilities3.4%
  • Communication1.7%

Geography

  • United States98.13%
  • United Kingdom1.35%
  • Sweden0.22%
  • Brazil0.15%
  • India0.15%
The fund’s holdings, weight-ordered — page 1 of 27.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1CASH_USDU.S. Dollar0.75%192,437,020$192M1
2FTITechnipFMC plc0.74%2,968,380$188M272
3UTHRUnited Therapeutics Corporation0.71%324,655$182M276
4ATIATI Inc0.71%1,030,707$181M222
5USFDUS Foods Holding Corp.0.68%1,637,463$175M195
6THCTenet Healthcare Corporation0.68%609,462$173M236
7RGLDRoyal Gold Inc.0.67%641,329$170M196
8RSReliance Inc.0.63%386,450$161M243
9ROKURoku Inc. Class A0.63%999,527$160M132
10ROIVRoivant Sciences Ltd.0.62%4,100,572$159M171
11XPOXPO Inc.0.61%886,249$157M202
12ENTGEntegris Inc.0.58%1,156,577$148M218
13WWDWoodward Inc.0.56%446,938$142M192
14SNSharkNinja Inc.0.55%629,114$140M196
15ITTITT Inc.0.54%676,691$139M174

Showing 1–15 of 401 holdings

MDY Performance

Launched May 4, 1995

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MDY$11,574
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. MDY $11,574. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MDY. Periods over one year show the average yearly return.
PeriodMDY
Year to date+13.3%
1 month+1.3%
3 months−4.1%
1 year+15.7%
3 yearsper year+16.9%
5 yearsper year+6.4%
10 yearsper year+10.6%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MDY
YearReturn barMDY
2026 YTD+13.3%
2025+7.2%
2024+13.6%
2023+16.1%
2022−13.3%
2021+24.5%
2020+13.5%

MDY in the news

MDY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
1.03%Last 12 months
Payout per share
$7.01Last 12 months
Last payment
$1.60 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.82; Jun 16, 2017 $0.52; Sep 15, 2017 $1.45; Dec 15, 2017 $1.30; Mar 16, 2018 $0.86; Jun 15, 2018 $1.01; Sep 21, 2018 $1.06; Dec 21, 2018 $1.27; Mar 15, 2019 $0.88; Jun 21, 2019 $1.34; Sep 20, 2019 $1.37; Dec 20, 2019 $1.45; Mar 20, 2020 $1.11; Jun 19, 2020 $1.12; Sep 18, 2020 $1.03; Dec 18, 2020 $1.45; Mar 19, 2021 $0.86; Jun 18, 2021 $1.28; Sep 17, 2021 $1.31; Dec 17, 2021 $1.49; Mar 18, 2022 $1.15; Jun 17, 2022 $1.40; Sep 16, 2022 $1.83; Dec 16, 2022 $1.67; Mar 17, 2023 $1.19; Jun 16, 2023 $1.51; Sep 15, 2023 $1.55; Dec 15, 2023 $1.89; Mar 15, 2024 $1.01; Jun 21, 2024 $2.00; Sep 20, 2024 $1.65; Dec 20, 2024 $2.08; Mar 21, 2025 $1.31; Jun 20, 2025 $1.80; Sep 19, 2025 $1.62; Dec 19, 2025 $2.18; Mar 20, 2026 $1.52; Jun 18, 2026 $1.70; Sep 18, 2026 $1.60. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Oct 30, 2026$1.60
Jun 18, 2026Jul 31, 2026$1.70
Mar 20, 2026Apr 30, 2026$1.52
Dec 19, 2025Jan 30, 2026$2.18
Sep 19, 2025Oct 31, 2025$1.62
Jun 20, 2025Jul 31, 2025$1.80
Mar 21, 2025Apr 30, 2025$1.31
Dec 20, 2024Jan 31, 2025$2.08
Sep 20, 2024Oct 31, 2024$1.65
Jun 21, 2024Jul 31, 2024$2.00
Mar 15, 2024Apr 30, 2024$1.01
Dec 15, 2023Jan 31, 2024$1.89

See all 127 payments⁠

$10,000 in MDY 10 years ago paid $1,927 in dividends.⁠

MDY Risk

Risk pillarB57 out of 100Rank 1 of 11 in S&P MidCap 400
How much the fund’s monthly returns vary, scaled to a year.
15.1%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.83
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−24.0%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MDY Cost

Compare MDY and SPMD

Overpaying vs SPMD, cheapest in S&P MidCap 400

$4,121

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MDY 0.23%

    $4,759

  • SPMD 0.03% Cheapest

    $638

$10,000
30 years

Cost over time

  • MDY 0.23%
  • SPMD 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530MDY $4,759SPMD $638

Year by year

YearMDYSPMDOverpaying
10$419$55$364
20$1,630$216$1,414
30$4,759$638$4,121

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