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State Street SPDR S&P 400 Mid Cap Growth ETF

MDYGNYSE ArcaSPDRB

$103.70−0.95 (−0.91%)

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

Intraday session: down, 22 prints from 104.65 to 103.70. Range 103.55 to 104.53. Use the arrow keys to read each point.104.00104.20104.4010 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$2.75B
1Y total return
+15.1%
Yield · Last 12 months
0.67%
Holdings
249
Avg volume · 30D
94.8K sh
52W range
low $87.09high $113.93
Launched
Filings
SEC EDGAR

The ETF.net MDYG Grade

B

Score 59 out of 100

Rank
7 of 11
Six-pillar profile for MDYG. Scores out of 100: Cost 51, Risk 26, Mission 96, Tradability 60, Holdings 41, Durability 61. Strongest: Mission (96). Weakest: Risk (26). Leans toward Mission.

Score 59 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.
    C51 out of 100
    Rank 5 of 11
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A96 out of 100
    Rank 8 of 11
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D26 out of 100
    Rank 10 of 11
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B60 out of 100
    Rank 5 of 11
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C41 out of 100
    Rank 9 of 11
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 6 of 11

Our read on MDYG

ETF.net Research

In short

BThe growth half of the S&P MidCap 400, running since 2005. MDYG keeps the mid-cap names that score growth and leaves the value end to its sibling fund, for 0.15% a year.

Stated mandate

The fund seeks to track, before fees and expenses, the total return of the S&P MidCap 400 Growth Index.

Why people hold it

  • One job: mirror the S&P MidCap 400 Growth Index. Tracking has stayed very close to that benchmark.
  • Trading since 2005 and now a multi-billion-dollar fund from SPDR. A seasoned wrapper, not a fresh launch chasing a theme.
  • 0.15% a year sits right at the median for the S&P MidCap 400 shelf, and it buys you about 240 growth-screened mid caps rather than a short list of bets.
  • The style call is rules-based: S&P runs the growth screen and the rebalancing, so there is no manager discretion to second-guess. Cash goes out quarterly.

Worth knowing

  • Owning the full 400 costs less: SPMD charges 0.03% and IJH 0.05%. The style split is what the extra basis points buy.
  • By design this is only the growth end of the index. The value side of mid caps is absent, so results can drift from the full 400 in either direction.
  • Volume is moderate rather than heavyweight for the category, so spreads deserve a look on larger orders.

MDYG Performance

Launched Nov 8, 2005

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

MDYG$11,513
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. MDYG $11,513. 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 MDYG. Periods over one year show the average yearly return.
PeriodMDYG
Year to date+13.8%
1 month−2.1%
3 months−6.4%
1 year+15.1%
3 yearsper year+17.1%
5 yearsper year+5.5%
10 yearsper year+10.9%

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 MDYG
YearReturn barMDYG
2026 YTD+13.8%
2025+7.2%
2024+15.8%
2023+17.3%
2022−18.9%
2021+18.5%
2020+22.6%

MDYG in the news

MDYG 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.
0.67%Last 12 months
Payout per share
$0.70Last 12 months
Last payment
$0.23 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. 38 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.12; Jun 16, 2017 $0.13; Sep 15, 2017 $0.14; Dec 15, 2017 $0.77; Mar 19, 2018 $0.10; Jun 18, 2018 $0.15; Sep 24, 2018 $0.19; Dec 24, 2018 $0.19; Mar 18, 2019 $0.14; Jun 24, 2019 $0.17; Sep 23, 2019 $0.17; Dec 23, 2019 $0.21; Mar 23, 2020 $0.11; Jun 22, 2020 $0.13; Sep 21, 2020 $0.06; Dec 21, 2020 $0.19; Mar 22, 2021 $0.09; Jun 21, 2021 $0.11; Sep 20, 2021 $0.36; Mar 21, 2022 $0.13; Jun 21, 2022 $0.19; Sep 19, 2022 $0.21; Dec 19, 2022 $0.23; Mar 20, 2023 $0.17; Jun 20, 2023 $0.23; Sep 18, 2023 $0.21; Dec 18, 2023 $0.29; Mar 18, 2024 $0.13; Jun 24, 2024 $0.21; Sep 23, 2024 $0.19; Dec 23, 2024 $0.22; Mar 24, 2025 $0.15; Jun 23, 2025 $0.19; Sep 22, 2025 $0.16; Dec 22, 2025 $0.19; Mar 23, 2026 $0.13; Jun 22, 2026 $0.15; Sep 21, 2026 $0.23. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 23, 2026$0.23
Jun 22, 2026Jun 24, 2026$0.15
Mar 23, 2026Mar 25, 2026$0.13
Dec 22, 2025Dec 24, 2025$0.19
Sep 22, 2025Sep 24, 2025$0.16
Jun 23, 2025Jun 25, 2025$0.19
Mar 24, 2025Mar 26, 2025$0.15
Dec 23, 2024Dec 26, 2024$0.22
Sep 23, 2024Sep 25, 2024$0.19
Jun 24, 2024Jun 26, 2024$0.21
Mar 18, 2024Mar 21, 2024$0.13
Dec 18, 2023Dec 21, 2023$0.29

See all 83 payments⁠

$10,000 in MDYG 10 years ago paid $1,745 in dividends.⁠

MDYG Risk

How much the fund’s monthly returns vary, scaled to a year.
15.9%
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.
0.79
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.
−29.3%
Trough Jun 2022
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.
1.07
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.

MDYG Cost

Overpaying vs SPMD, cheapest in S&P MidCap 400

$2,499

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

  • MDYG 0.15%

    $3,137

  • SPMD 0.03% Cheapest

    $638

$10,000
30 years

Cost over time

  • MDYG 0.15%
  • 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$4K051015202530MDYG $3,137SPMD $638

Year by year

YearMDYGSPMDOverpaying
10$274$55$219
20$1,071$216$855
30$3,137$638$2,499

Other funds in S&P MidCap 400