IJH vs SPMD: Grades, Fees and Holdings Compared

iShares Core S&P Mid-Cap ETF

IJHANYSE Arca

State Street SPDR Portfolio S&P 400 Mid Cap ETF

SPMDANYSE Arca

Overlap

98.6%by weight

Expense ratio

SPMD −0.02pt a year

IJH0.05%SPMD0.03%

Avg volume · 30D

IJH 4.0×the volume

IJH6.58MSPMD1.64M

10Y return · a year

SPMD +0.3pt

IJH+10.8%SPMD+11.1%

IJH vs SPMD Performance

Oct 29, 2021 – Oct 30, 2026

+40.1%IJH+41.5%SPMD

Expense ratio: IJH 0.05%; SPMD 0.03%, better
Fund size: IJH $123B; SPMD $18.9B
1Y total return: IJH +14.4%; SPMD +14.4%
Yield (12M): IJH 1.23%; SPMD 1.31%, better
Holdings: IJH 404; SPMD 402
Avg volume (30D): IJH 6.58M sh, better; SPMD 1.64M sh
NAV per share: IJH $73.31; SPMD $65.00
52W range

ETF.net Grade

Pillar letters and Scores for IJH, SPMD, with each pillar’s weight
Pillar	IJH	SPMD
Cost30% weight	A87	A96Higher
Mission25% weight	A100	A100
Risk15% weight	C52	C52
Tradability15% weight	A86Higher	A78
Holdings10% weight	A83	A83
Durability5% weight	A82Higher	A73

Rank among S&P MidCap 400 funds

How we build Categories ›

Same Category. IJH and SPMD are both graded against the same 11 S&P MidCap 400 funds, so their Grades compare head to head.

S&P MidCap 400⁠

Category · 11 funds

See all 11 ›

SPMD ranks 1st and IJH 2nd of 11 funds in the S&P MidCap 400 Category.

Rank 1ASPMDState Street SPDR Portfolio S&P 400 Mid Cap ETFScore 85
Rank 2AIJHiShares Core S&P Mid-Cap ETFScore 84
Rank 3AIVOOVanguard S&P Mid-Cap 400 ETFScore 71

Our read on each fund

ETF.net Research

IJHAiShares Core S&P Mid-Cap ETF

SPMDAState Street SPDR Portfolio S&P 400 Mid Cap ETF

In short

IJH The mid-cap middle child, done cheap. IJH has tracked the S&P MidCap 400 since 2000 for five basis points, and it's one of the most heavily traded ways to own roughly 400 mid-sized US companies.

SPMD Four 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.

Stated mandate

IJH The fund seeks to track the S&P MidCap 400 Index and provide exposure to mid-sized U.S. companies. It is presented as a low-cost core portfolio holding.

SPMD 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

IJH Five basis points a year, about a third of the typical cost in its S&P 400 peer group, and a fraction of MDY's 0.23% for the very same index.
Running since 2000 and among the most actively traded funds in the mid-cap aisle, with assets in the multi-billions.
The mandate is one line: hold the S&P MidCap 400, roughly 400 mid-sized US companies. No tilts, no screens, no style drift. Pays quarterly.ishares.com
iShares built it as a core building block, and it sits among the strongest implementations of this index in its peer group.ishares.com

SPMD 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

IJH It is not the cheapest seat: SPMD tracks the same index at 0.03%. Two basis points, if cost is your only tiebreaker.
Mid-caps only. No mega-cap ballast, no small caps, so this works as a sleeve beside a large-cap core rather than a whole US portfolio.
All US, all stocks. Nothing here diversifies you outside American equity markets.

SPMD 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.

Full IJH profile⁠

Full SPMD profile⁠

IJH vs SPMD Holdings

How IJH and SPMD differ

Overlap by weight

98.6%

Shared holdings make up 99.9% of SPMD and 99.8% of IJH.

Level by level

Holdings400 in both98.6%
Sector11 Sectors99.4%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in IJH and SPMD, widest gap first
Sector	More in IJHMore in SPMD	IJH	SPMD
Technology	SPMD +0.3 points	13.9%	14.2%
Industrials	IJH +0.3 points	23.4%	23.1%
Consumer Discretionary	IJH +0.2 points	10.5%	10.3%
Energy	SPMD +0.1 points	5.6%	5.7%
Real Estate	IJH +0.1 points	7.1%	7.0%
Consumer Staples	Same weight	3.3%	3.3%
Materials	SPMD +0.1 points	5.8%	5.9%
Financials	Same weight	15.3%	15.3%
Communication	Same weight	1.6%	1.6%
Utilities	Same weight	3.2%	3.2%
Health Care	Same weight	10.4%	10.4%

Country, concentration and asset class

Country by domicile

Country weights in IJH and SPMD, widest gap first
Country	More in IJHMore in SPMD	IJH	SPMD
United States	Same weight	98.2%	98.2%
United Kingdom	Same weight	1.2%	1.2%
Sweden	Same weight	0.2%	0.2%
Brazil	Same weight	0.2%	0.2%
India	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

IJH7.1%
SPMD7.1%

Securities held

IJH400
SPMD400

Asset class

IJH: Equity
SPMD: Equity

Holdings

Only in IJH0
In both400
Only in SPMD0

Only in IJH

0 securities, 0.0% of IJH by weight

Only in SPMD

0 securities, 0.0% of SPMD by weight

Weight gaps

The 100 widest of 400 Holdings in both funds.

Holding weights in IJH and SPMD, widest gap first
Holding	More in IJHMore in SPMD	IJH	SPMD
Okta Class AOKTA	SPMD +0.05 points	1.01%	1.06%
Nvent Electric PLCNVT	SPMD +0.05 points	0.59%	0.64%
Lattice SemiconductorLSCC	SPMD +0.03 points	0.39%	0.42%
Brightspring Health Services IncBTSG	IJH +0.03 points	0.33%	0.30%
Td SynnexSNX	SPMD +0.04 points	0.55%	0.59%
SemtechSMTC	SPMD +0.03 points	0.35%	0.38%
Macom Technology SolutionsMTSI	SPMD +0.03 points	0.48%	0.51%
Technipfmc PLCFTI	IJH +0.03 points	0.79%	0.76%
XpoXPO	IJH +0.03 points	0.65%	0.62%
AtiATI	SPMD +0.03 points	0.66%	0.69%
Exelixis IncEXEL	IJH +0.03 points	0.50%	0.47%
Wesco InternationalWCC	SPMD +0.03 points	0.49%	0.52%
Digitalocean HoldingsDOCN	SPMD +0.02 points	0.26%	0.28%
Rbc BearingsRBC	SPMD +0.02 points	0.43%	0.45%
Onto InnovationONTO	SPMD +0.02 points	0.29%	0.31%
SitimeSITM	SPMD +0.03 points	0.30%	0.33%
Coeur MiningCDE	SPMD +0.03 points	0.39%	0.42%
MksMKSI	SPMD +0.02 points	0.40%	0.42%
Dynatrace IncDT	SPMD +0.02 points	0.49%	0.51%
Viavi SolutionsVIAV	SPMD +0.02 points	0.22%	0.24%
Nutanix Class ANTNX	SPMD +0.02 points	0.53%	0.55%
Sterling InfrastructureSTRL	SPMD +0.02 points	0.31%	0.33%
Jazz Pharmaceuticals PLCJAZZ	IJH +0.02 points	0.41%	0.39%
Hf SinclairDINO	IJH +0.02 points	0.52%	0.50%
Formfactor IncFORM	SPMD +0.02 points	0.20%	0.22%
Mastec IncMTZ	IJH +0.02 points	0.34%	0.32%
FabrinetFN	SPMD +0.02 points	0.34%	0.36%
Booz Allen Hamilton Holding ClassBAH	IJH +0.02 points	0.31%	0.29%
Permian Resources Class APR	IJH +0.02 points	0.64%	0.62%
Carpenter TechnologyCRS	SPMD +0.02 points	0.41%	0.43%
Advanced Energy IndustriesAEIS	SPMD +0.02 points	0.26%	0.28%
RepligenRGEN	SPMD +0.02 points	0.32%	0.34%
Manhattan AssociatesMANH	IJH +0.02 points	0.42%	0.40%
Encompass HealthEHC	IJH +0.02 points	0.39%	0.37%
RambusRMBS	SPMD +0.01 points	0.27%	0.28%
Entegris IncENTG	SPMD +0.01 points	0.69%	0.70%
Curtiss WrightCW	SPMD +0.02 points	0.51%	0.53%
Bwx Technologies IncBWXT	SPMD +0.01 points	0.35%	0.36%
Cnh Industrial N.v.CNH	IJH +0.02 points	0.30%	0.28%
United TherapeuticsUTHR	IJH +0.02 points	0.75%	0.73%
OvintivOVV	IJH +0.01 points	0.58%	0.57%
Arrow ElectronicsARW	SPMD +0.01 points	0.31%	0.32%
AptargroupATR	IJH +0.01 points	0.25%	0.24%
Hecla MiningHL	SPMD +0.01 points	0.27%	0.28%
AaonAAON	SPMD +0.01 points	0.14%	0.15%
Interdigital IncIDCC	SPMD +0.02 points	0.23%	0.25%
Jones Lang LasalleJLL	IJH +0.01 points	0.48%	0.47%
BrukerBRKR	SPMD +0.01 points	0.19%	0.20%
Tenet Healthcare CorpTHC	IJH +0.01 points	0.64%	0.63%
Royal GoldRGLD	SPMD +0.01 points	0.57%	0.58%
Cubesmart ReitCUBE	IJH +0.01 points	0.26%	0.25%
Rb GlobalRBA	IJH +0.01 points	0.48%	0.47%
Globus Medical Class AGMED	SPMD +0.02 points	0.25%	0.27%
Us Foods HoldingUSFD	IJH +0.01 points	0.65%	0.64%
Molina Healthcare IncMOH	IJH +0.01 points	0.31%	0.30%
Antero ResourcesAR	IJH +0.01 points	0.38%	0.37%
Performance Food GroupPFGC	IJH +0.02 points	0.46%	0.44%
TransunionTRU	IJH +0.01 points	0.43%	0.42%
Medpace HoldingsMEDP	SPMD +0.01 points	0.43%	0.44%
Bjs Wholesale Club HoldingsBJ	IJH +0.01 points	0.40%	0.39%
WoodwardWWD	SPMD +0.02 points	0.52%	0.54%
Ttm Technologies IncTTMI	SPMD +0.02 points	0.25%	0.27%
Oshkosh CorpOSK	IJH +0.01 points	0.25%	0.24%
Jefferies Financial Group IncJEF	SPMD +0.01 points	0.21%	0.22%
Kratos Defense and Security SolutiKTOS	SPMD +0.02 points	0.22%	0.24%
AramarkARMK	SPMD +0.02 points	0.41%	0.43%
Corcept TherapeuticsCORT	SPMD +0.01 points	0.23%	0.24%
Carlisle CompaniesCSL	IJH +0.01 points	0.43%	0.42%
CognexCGNX	SPMD +0.01 points	0.28%	0.29%
Guidewire SoftwareGWRE	IJH +0.01 points	0.39%	0.38%
Hims Hers Health Class AHIMS	SPMD +0.01 points	0.17%	0.18%
Essential Utilities IncWTRG	IJH +0.01 points	0.36%	0.35%
EnersysENS	SPMD +0.01 points	0.17%	0.18%
Affiliated Managers GroupAMG	SPMD +0.01 points	0.29%	0.30%
Hanover Insurance GroupTHG	IJH +0.01 points	0.25%	0.24%
VicorVICR	SPMD +0.01 points	0.14%	0.15%
Pbf Energy Class APBF	IJH +0.01 points	0.22%	0.21%
Biomarin PharmaceuticalBMRN	IJH +0.01 points	0.33%	0.32%
Zions BancorporationZION	SPMD +0.01 points	0.27%	0.28%
Bank OzkOZK	SPMD +0.01 points	0.14%	0.15%
Range ResourcesRRC	IJH +0.01 points	0.37%	0.36%
AutonationAN	IJH +0.01 points	0.14%	0.13%
Valaris LtdVAL	IJH +0.01 points	0.20%	0.19%
Toll Brothers IncTOL	IJH +0.01 points	0.40%	0.39%
Ally Financial IncALLY	SPMD +0.01 points	0.30%	0.31%
Churchill DownsCHDN	IJH +0.01 points	0.18%	0.17%
Krystal BiotechKRYS	IJH +0.01 points	0.26%	0.25%
Regal RexnordRRX	Same weight	0.31%	0.31%
AvantorAVTR	SPMD +0.01 points	0.32%	0.33%
DocusignDOCU	IJH +0.01 points	0.46%	0.45%
SanminaSANM	SPMD +0.01 points	0.26%	0.27%
Ies IncIESC	SPMD +0.01 points	0.11%	0.12%
Reinsurance Group of AmericaRGA	Same weight	0.50%	0.50%
Sun Communities Reit IncSUI	IJH +0.01 points	0.40%	0.39%
ServiceSCI	Same weight	0.30%	0.30%
Chord EnergyCHRD	IJH +0.01 points	0.25%	0.24%
Dycom Industries IncDY	SPMD +0.01 points	0.20%	0.21%
Toast Class ATOST	Same weight	0.47%	0.47%
AerovironmentAVAV	SPMD +0.01 points	0.14%	0.15%
CraneCR	SPMD +0.01 points	0.29%	0.29%

All 407 IJH holdings⁠All 400 SPMD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IJH vs SPMD Cost

Overpaying IJH vs SPMD

$422

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

IJH 0.05%
$1,060
SPMD 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IJH 0.05%
SPMD 0.03%
Overpaying

Year by year

Year	IJH	SPMD	Overpaying
10	$92	$55	$37
20	$360	$216	$144
30	$1,060	$638	$422

Expense ratio

0.05%IJH
0.03%SPMD, cheaper

SPMD0.03%IJH0.05%

0.03%0.49%

Middle half of S&P MidCap 400 funds
Median 0.15%

SPMD cheapest of 11 funds

IJH 2nd cheapest of 11 funds

IJH vs SPMD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IJH 1.23%; SPMD 1.31%, better
Payout (12M): IJH $0.90; SPMD $0.84
Last payment: IJH $0.23; SPMD $0.23
Ex-dividend: IJH Sep 15, 2026; SPMD Sep 21, 2026
Paid on: IJH Sep 18, 2026; SPMD Sep 23, 2026
Frequency: IJH Quarterly; SPMD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IJHQuarterly · 37 paymentsAll IJH payments⁠

SPMDQuarterly · 39 paymentsAll SPMD payments⁠

IJH vs SPMD Risk

Fall from peak · 5 years

IJH
SPMD

Risk facts

VolatilityStd dev, 3 years: IJH 15.0%, betterSPMD 15.1%
Return per unit of riskSharpe ratio, 3 years: IJH 0.84SPMD 0.85, better
Worst fallMax drawdown, 5 years: IJH −24.1%SPMD −24.1%
Market sensitivityBeta, 5 years: IJH 1.03SPMD 1.02; Market = 1

IJH and SPMD in the news

All news⁠

Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026IJH
News
Independence Realty to take Centerspace in 3.800-share all-stock merger
Sep 9, 2026IJH

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