State Street SPDR Portfolio S&P 400 Mid Cap ETF
$64.12−0.25 (−0.39%)
- Expense ratio
- 0.03%
- Fund size
- $18.2B
- 1Y return
- +13.5%
- Yield · Last 12 months
- 1.30%
- Holdings
- 400
- Volume · 30D
- 1.5M sh
- NAV per share
- $64.17
- 52W range
The ETF.net SPMD Grade
Score 85 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 96Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 55Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 77Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 86Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 73Category rank
Our read on SPMD
AFour ETFs track the S&P MidCap 400. This is the cheapest of them at 0.03%, a fraction of what the priciest wrapper on the identical 400 stocks charges. Same index, smaller toll booth.
The fund seeks to track the total return performance of the S&P MidCap 400 Index before fees and expenses, providing exposure to mid-cap U.S. equities.
Why people hold it
- 0.03% a year for the S&P MidCap 400. The other funds tracking that same index charge 0.05% (IJH), 0.07% (IVOO) and 0.23% (MDY).
- Boring done well: about 400 mid-cap US stocks, one published S&P index, and tracking measured as among the tightest in its peer group.
- A multi-billion-dollar fund that trades actively, so entering and exiting is rarely the hard part.
- Stands in the top tier of the S&P MidCap 400 wrappers we grade, driven by fee and tracking rather than any clever twist.
Worth knowing
- Mid caps swing harder than mega caps in both directions. Volatility is the softest of this fund's measured marks.
- One slice only: US mid-cap equity. No large caps, no small caps, no bonds, nothing overseas.
- Cash comes quarterly, not monthly.
SPMD Holdings
- Stocks
- 400
- 7%
- TWLO
Geography
- United States96.47%
- United Kingdom1.73%
- Bermuda0.74%
- Ireland0.44%
- Cayman Islands0.39%
- Sweden0.23%
SPMD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | SPMD |
|---|---|
| Year to date | +12.3% |
| 1 month | −4.0% |
| 3 months | −3.1% |
| 1 year | +13.5% |
| 3 years | +15.4% |
| 5 years | +8.3% |
| 10 years | +10.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPMD |
|---|---|---|
| 2026 YTD | +12.3% | |
| 2025 | +7.4% | |
| 2024 | +13.9% | |
| 2023 | +16.5% | |
| 2022 | −13.1% | |
| 2021 | +24.8% | |
| 2020 | +13.5% |
SPMD in the news
ETF.net Research hasn’t filed on SPMD yet — coverage lands here as it’s written.
SPMD Dividends
- 1.30%
- $0.84
- $0.23 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 23, 2026 | $0.23 |
| Jun 22, 2026 | Jun 24, 2026 | $0.21 |
| Mar 23, 2026 | Mar 25, 2026 | $0.18 |
| Dec 22, 2025 | Dec 24, 2025 | $0.22 |
| Sep 22, 2025 | Sep 24, 2025 | $0.20 |
| Jun 23, 2025 | Jun 25, 2025 | $0.21 |
| Mar 24, 2025 | Mar 26, 2025 | $0.18 |
| Dec 23, 2024 | Dec 26, 2024 | $0.21 |
| Sep 23, 2024 | Sep 25, 2024 | $0.20 |
| Jun 24, 2024 | Jun 26, 2024 | $0.21 |
| Mar 18, 2024 | Mar 21, 2024 | $0.16 |
| Dec 18, 2023 | Dec 21, 2023 | $0.19 |
SPMD Risk
- 15.7%
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.
- 0.63
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.
- −24.1%
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.
- 1.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPMD Cost
- The middle half of S&P MidCap 400 funds
- Median 0.15%
No S&P MidCap 400 fund charges less.