MDY vs MDYV: Grades, Fees and Holdings Compared

State Street SPDR S&P MIDCAP 400 ETF Trust

MDYBNYSE Arca

State Street SPDR S&P 400 Mid Cap Value ETF

MDYVBNYSE Arca

Overlap

63.4%by weight

Expense ratio

MDYV −0.08pt a year

MDY0.23%MDYV0.15%

Avg volume · 30D

MDY 6.3×the volume

MDY636KMDYV101K

10Y return · a year

MDY +0.3pt

MDY+10.7%MDYV+10.4%

MDY vs MDYV Performance

Oct 29, 2021 – Oct 30, 2026

+39.7%MDY+48.3%MDYV

Expense ratio: MDY 0.23%; MDYV 0.15%, better
Fund size: MDY $25.8B; MDYV $2.82B
1Y total return: MDY +14.0%; MDYV +15.7%, better
Yield (12M): MDY 1.05%; MDYV 1.70%, better
Holdings: MDY 401; MDYV 298
Avg volume (30D): MDY 636K sh, better; MDYV 101K sh
NAV per share: MDY $668.72; MDYV $93.86
52W range

ETF.net Grade

Pillar letters and Scores for MDY, MDYV, with each pillar’s weight
Pillar	MDY	MDYV
Cost30% weight	F24	C51Higher
Mission25% weight	A100Higher	A98
Risk15% weight	C52	B60Higher
Tradability15% weight	A93Higher	C54
Holdings10% weight	A83Higher	C51
Durability5% weight	A76Higher	B61

Rank among S&P MidCap 400 funds

How we build Categories ›

Same Category. MDY and MDYV 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 ›

MDY ranks 4th and MDYV 5th 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
Rank 4BMDYState Street SPDR S&P MIDCAP 400 ETF TrustScore 66
Rank 5BMDYVState Street SPDR S&P 400 Mid Cap Value ETFScore 65
Rank 5BXJHiShares ESG Select Screened S&P Mid-Cap ETFScore 65

Our read on each fund

ETF.net Research

MDYBState Street SPDR S&P MIDCAP 400 ETF Trust

MDYVBState Street SPDR S&P 400 Mid Cap Value ETF

In short

MDY Launched 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.

MDYV The value half of the S&P MidCap 400: roughly 300 of the index's cheaper-looking names, sorted by rulebook rather than manager hunch. Live since 2005, and it has never pretended to be anything else.

Stated mandate

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

MDYV The Fund seeks to track the total return of an index representing medium-capitalization U.S. exchange-traded equities with value characteristics.

Why people hold it

MDY 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.

MDYV One job, and it's literal: the value sleeve of the S&P MidCap 400, tracked closely, with no manager discretion bolted on top.
0.15% a year, dead level with the median for S&P MidCap 400 funds, so the value screen arrives without a strategy-fund markup.
Running since 2005 and now a multi-billion-dollar fund spread across about 300 names, with cash paid out quarterly.

Worth knowing

MDY 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.

MDYV Plain exposure to the same parent index costs less: SPMD at 0.03%, IJH at 0.05%. The value split is what the extra buys.
Moderately traded rather than one of the volume monsters in the mid-cap aisle, which matters more the bigger the order.
By design it owns the value side and leaves the growth names of the 400 to its sibling, so it moves differently from the full index.

Full MDY profile⁠

Full MDYV profile⁠

MDY vs MDYV Holdings

How MDY and MDYV differ

Overlap by weight

63.4%

Shared holdings make up 99.8% of MDYV and 67.1% of MDY.

Level by level

Holdings296 in both63.4%
Sector11 Sectors82.0%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in MDY and MDYV, widest gap first
Sector	More in MDYMore in MDYV	MDY	MDYV
Financials	MDYV +6.9 points	15.3%	22.2%
Health Care	MDY +6.6 points	10.4%	3.8%
Technology	MDY +5.4 points	14.1%	8.7%
Industrials	MDY +5.1 points	23.2%	18.1%
Energy	MDYV +2.9 points	5.7%	8.6%
Consumer Staples	MDYV +2.0 points	3.4%	5.4%
Consumer Discretionary	MDYV +1.8 points	10.3%	12.1%
Materials	MDYV +1.8 points	5.9%	7.7%
Real Estate	MDYV +1.5 points	7.0%	8.5%
Utilities	MDYV +1.1 points	3.3%	4.4%
Communication	MDY +0.9 points	1.6%	0.7%

Country, concentration and asset class

Country by domicile

Country weights in MDY and MDYV, widest gap first
Country	More in MDYMore in MDYV	MDY	MDYV
United States	MDYV +1.0 points	98.1%	99.1%
United Kingdom	MDY +0.9 points	1.4%	0.5%
Other countries (3)	MDY +0.1 points	0.5%	0.4%

Concentration

Weight in the 10 largest Holdings

MDY7.4%
MDYV11.2%

Securities held

MDY401
MDYV296

Asset class

MDY: Equity
MDYV: Equity

Holdings

Only in MDY105
In both296
Only in MDYV0

Only in MDY

105 securities, 32.9% of MDY by weight

Okta Inc. Class A1.05%
U.S. Dollar0.95%
TechnipFMC plc0.75%
United Therapeutics Corporation0.73%
ATI Inc0.68%
nVent Electric plc0.64%
Tenet Healthcare Corporation0.62%
XPO Inc.0.61%
Roku Inc. Class A0.59%
Royal Gold Inc.0.57%
Woodward Inc.0.53%
Curtiss-Wright Corporation0.52%
ITT Inc.0.52%
Dynatrace Inc.0.50%
MACOM Technology Solutions Holdings Inc.0.50%
APi Group Corporation0.49%
Exelixis Inc.0.47%
RB Global Inc.0.47%
Toast Inc. Class A0.46%
RBC Bearings Incorporated0.45%
Talen Energy Corp0.44%
Medpace Holdings Inc.0.44%
CACI International Inc Class A0.43%
Halozyme Therapeutics Inc.0.43%
Neurocrine Biosciences Inc.0.43%
Somnigroup International Inc.0.42%
Carpenter Technology Corporation0.42%
Coeur Mining Inc.0.41%
Five Below Inc.0.39%
Jazz Pharmaceuticals Public Limited Company0.39%
Guidewire Software Inc.0.38%
Encompass Health Corporation0.37%
Penumbra Inc.0.36%
BWX Technologies Inc.0.36%
Fabrinet0.36%
Texas Roadhouse Inc.0.34%
Coca-Cola Consolidated Inc.0.34%
Elanco Animal Health Inc.0.33%
Sterling Infrastructure Inc.0.33%
SiTime Corporation0.32%
MasTec Inc.0.32%
Ensign Group Inc.0.31%
Moog Inc. Class A0.29%
Affiliated Managers Group Inc.0.29%
BrightSpring Health Services Inc.0.29%
Flowserve Corporation0.29%
New York Times Company Class A0.29%
Rambus Inc.0.28%
DigitalOcean Holdings Inc.0.28%
Tetra Tech Inc.0.28%

Only in MDYV

0 securities, 0.0% of MDYV by weight

Weight gaps

The 100 widest of 296 Holdings in both funds.

Holding weights in MDY and MDYV, widest gap first
Holding	More in MDYMore in MDYV	MDY	MDYV
Reliance Inc.RS	MDYV +0.67 points	0.64%	1.31%
US Foods Holding Corp.USFD	MDYV +0.65 points	0.64%	1.29%
Permian Resources Corporation Class APR	MDYV +0.64 points	0.61%	1.25%
TD SYNNEX CorporationSNX	MDYV +0.61 points	0.58%	1.19%
Ovintiv IncOVV	MDYV +0.59 points	0.56%	1.15%
WESCO International Inc.WCC	MDYV +0.53 points	0.51%	1.04%
SharkNinja Inc.SN	MDYV +0.51 points	0.50%	1.01%
HF Sinclair CorporationDINO	MDYV +0.52 points	0.49%	1.01%
Reinsurance Group of America IncorporatedRGA	MDYV +0.51 points	0.49%	1.00%
Jones Lang LaSalle IncorporatedJLL	MDYV +0.49 points	0.46%	0.95%
Performance Food Group CoPFGC	MDYV +0.45 points	0.44%	0.89%
Pinnacle Financial Partners Inc.PNFP	MDYV +0.45 points	0.44%	0.89%
AramarkARMK	MDYV +0.44 points	0.42%	0.86%
Annaly Capital Management Inc.NLY	MDYV +0.41 points	0.40%	0.81%
Toll Brothers Inc.TOL	MDYV +0.39 points	0.39%	0.78%
BJ's Wholesale Club Holdings Inc.BJ	MDYV +0.40 points	0.38%	0.78%
Unum GroupUNM	MDYV +0.38 points	0.38%	0.76%
Crown Holdings Inc.CCK	MDYV +0.38 points	0.36%	0.74%
Antero Resources CorporationAR	MDYV +0.38 points	0.36%	0.74%
Range Resources CorporationRRC	MDYV +0.37 points	0.36%	0.73%
Essential Utilities Inc.WTRG	MDYV +0.36 points	0.35%	0.71%
Avantor Inc.AVTR	MDYV +0.34 points	0.32%	0.66%
Arrow Electronics Inc.ARW	MDYV +0.33 points	0.32%	0.65%
First Horizon CorporationFHN	MDYV +0.33 points	0.32%	0.65%
Regal Rexnord CorporationRRX	MDYV +0.32 points	0.31%	0.63%
BorgWarner Inc.BWA	MDYV +0.32 points	0.31%	0.63%
Ally Financial IncALLY	MDYV +0.32 points	0.31%	0.63%
Watsco Inc.WSO	MDYV +0.32 points	0.31%	0.63%
Ryder System Inc.R	MDYV +0.32 points	0.31%	0.63%
Alcoa CorporationAA	MDYV +0.31 points	0.30%	0.61%
Wintrust Financial CorporationWTFC	MDYV +0.31 points	0.30%	0.61%
Molina Healthcare Inc.MOH	MDYV +0.30 points	0.30%	0.60%
SouthState Bank CorporationSSB	MDYV +0.31 points	0.29%	0.60%
Fidelity National Financial Inc. - FNF GroupFNF	MDYV +0.31 points	0.29%	0.60%
Toro CompanyTTC	MDYV +0.30 points	0.29%	0.59%
OGE Energy Corp.OGE	MDYV +0.30 points	0.29%	0.59%
Booz Allen Hamilton Holding Corporation Class ABAH	MDYV +0.30 points	0.29%	0.59%
American Homes 4 Rent Class AAMH	MDYV +0.29 points	0.29%	0.58%
Knight-Swift Transportation Holdings Inc. Class AKNX	MDYV +0.30 points	0.28%	0.58%
UMB Financial CorporationUMBF	MDYV +0.29 points	0.28%	0.57%
GameStop Corp. Class AGME	MDYV +0.29 points	0.28%	0.57%
CNH Industrial NVCNH	MDYV +0.29 points	0.28%	0.57%
Zions Bancorporation NAZION	MDYV +0.28 points	0.28%	0.56%
Owens CorningOC	MDYV +0.29 points	0.27%	0.56%
Corebridge Financial Inc.CRBG	MDYV +0.27 points	0.27%	0.54%
Saia Inc.SAIA	MDYV +0.27 points	0.26%	0.53%
Maplebear Inc.CART	MDYV +0.27 points	0.26%	0.53%
Viper Energy Inc.VNOM	MDYV +0.27 points	0.26%	0.53%
Murphy USA Inc.MUSA	MDYV +0.27 points	0.26%	0.53%
Voya Financial Inc.VOYA	MDYV +0.27 points	0.25%	0.52%
Columbia Banking System Inc.COLB	MDYV +0.26 points	0.25%	0.51%
Prosperity Bancshares Inc.(R)PB	MDYV +0.26 points	0.25%	0.51%
Darling Ingredients IncDAR	MDYV +0.26 points	0.25%	0.51%
Rexford Industrial Realty Inc.REXR	MDYV +0.26 points	0.24%	0.50%
Old National BancorpONB	MDYV +0.25 points	0.24%	0.49%
American Airlines Group Inc.AAL	MDYV +0.25 points	0.24%	0.49%
Chord Energy CorporationCHRD	MDYV +0.25 points	0.24%	0.49%
AptarGroup Inc.ATR	MDYV +0.24 points	0.24%	0.48%
UGI CorporationUGI	MDYV +0.24 points	0.24%	0.48%
Cleveland-Cliffs IncCLF	MDYV +0.24 points	0.23%	0.47%
Western Alliance BancorpWAL	MDYV +0.23 points	0.23%	0.46%
Corteva IncCTVA	MDYV +0.23 points	0.22%	0.45%
Avnet Inc.AVT	MDYV +0.22 points	0.22%	0.44%
Jefferies Financial Group Inc.JEF	MDYV +0.22 points	0.21%	0.44%
Commerce Bancshares Inc.CBSH	MDYV +0.23 points	0.21%	0.44%
PBF Energy Inc. Class APBF	MDYV +0.22 points	0.21%	0.43%
Timken CompanyTKR	MDYV +0.22 points	0.21%	0.43%
Commercial Metals CompanyCMC	MDYV +0.21 points	0.21%	0.42%
Axalta Coating Systems Ltd.AXTA	MDYV +0.21 points	0.21%	0.42%
Matador Resources CompanyMTDR	MDYV +0.21 points	0.20%	0.41%
NOV Inc.NOV	MDYV +0.20 points	0.20%	0.40%
Valley National BancorpVLY	MDYV +0.20 points	0.19%	0.39%
Southwest Gas Holdings Inc.SWX	MDYV +0.20 points	0.19%	0.39%
United Bankshares Inc.UBSI	MDYV +0.20 points	0.19%	0.39%
Lithia Motors Inc.LAD	MDYV +0.19 points	0.19%	0.38%
First American Financial CorporationFAF	MDYV +0.19 points	0.19%	0.38%
Macy's Inc.M	MDYV +0.19 points	0.19%	0.38%
F.N.B. CorporationFNB	MDYV +0.20 points	0.18%	0.38%
Terex CorporationTEX	MDYV +0.20 points	0.18%	0.38%
Science Applications International Corp.SAIC	MDYV +0.19 points	0.18%	0.37%
Fluor CorporationFLR	MDYV +0.19 points	0.18%	0.37%
Glacier Bancorp Inc.GBCI	MDYV +0.19 points	0.18%	0.37%
AGCO CorporationAGCO	MDYV +0.18 points	0.18%	0.36%
Healthcare Realty Trust Incorporated Class AHR	MDYV +0.18 points	0.18%	0.36%
Black Hills CorporationBKH	MDYV +0.18 points	0.18%	0.36%
V.F. CorporationVFC	MDYV +0.18 points	0.18%	0.36%
Ingredion IncorporatedINGR	MDYV +0.18 points	0.17%	0.35%
Sensata Technologies Holding PLCST	MDYV +0.18 points	0.17%	0.35%
RLI Corp.RLI	MDYV +0.18 points	0.17%	0.35%
Selective Insurance Group Inc.SIGI	MDYV +0.18 points	0.17%	0.35%
Lear CorporationLEA	MDYV +0.17 points	0.17%	0.34%
Murphy Oil CorporationMUR	MDYV +0.17 points	0.17%	0.34%
MKS Inc.MKSI	MDY +0.17 points	0.42%	0.25%
GXO Logistics IncGXO	MDYV +0.17 points	0.16%	0.33%
Hancock Whitney CorporationHWC	MDYV +0.17 points	0.16%	0.33%
Home BancShares Inc.HOMB	MDYV +0.17 points	0.16%	0.33%
Vornado Realty TrustVNO	MDYV +0.17 points	0.16%	0.33%
CNX Resources CorporationCNX	MDYV +0.16 points	0.16%	0.32%
DT Midstream Inc.DTM	MDY +0.16 points	0.37%	0.21%
New Jersey Resources CorporationNJR	MDYV +0.16 points	0.15%	0.31%

All 400 MDY holdings⁠All 296 MDYV 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.

MDY vs MDYV Cost

Overpaying MDY vs MDYV

$1,622

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

MDY 0.23%
$4,759
MDYV 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

MDY 0.23%
MDYV 0.15%
Overpaying

Year by year

Year	MDY	MDYV	Overpaying
10	$419	$274	$145
20	$1,630	$1,071	$559
30	$4,759	$3,137	$1,622

Expense ratio

0.23%MDY
0.15%MDYV, cheaper

MDYV0.15%MDY0.23%

0.03%0.49%

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

MDYV 5th cheapest of 11 funds

MDY 9th cheapest of 11 funds

MDY vs MDYV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): MDY 1.05%; MDYV 1.70%, better
Payout (12M): MDY $7.01; MDYV $1.59
Last payment: MDY $1.60; MDYV $0.39
Ex-dividend: MDY Sep 18, 2026; MDYV Sep 21, 2026
Paid on: MDY Oct 30, 2026; MDYV Sep 23, 2026
Frequency: MDY Quarterly; MDYV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

MDYQuarterly · 39 paymentsAll MDY payments⁠

MDYVQuarterly · 39 paymentsAll MDYV payments⁠

MDY vs MDYV Risk

Fall from peak · 5 years

MDY
MDYV

Risk facts

VolatilityStd dev, 3 years: MDY 15.1%, betterMDYV 15.8%
Return per unit of riskSharpe ratio, 3 years: MDY 0.83, betterMDYV 0.81
Worst fallMax drawdown, 5 years: MDY −24.0%MDYV −22.6%, better
Market sensitivityBeta, 5 years: MDY 1.02MDYV 0.97; Market = 1

MDY and MDYV in the news

All news⁠

New ETFs
Hotchkis & Wiley added an ETF class to its 1997 mid-cap value fund
Oct 5, 2026MDYV

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MDY vs MDYV

In short

Stated mandate

Why people hold it

Worth knowing

How MDY and MDYV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in MDY

Only in MDYV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Hotchkis & Wiley added an ETF class to its 1997 mid-cap value fund

How MDY and MDYV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in MDY

Only in MDYV

Weight gaps