MDYG vs SPMD: Grades, Fees and Holdings Compared

State Street SPDR S&P 400 Mid Cap Growth ETF

MDYGBNYSE Arca

State Street SPDR Portfolio S&P 400 Mid Cap ETF

SPMDANYSE Arca

Overlap

64.3%by weight

Expense ratio

SPMD −0.12pt a year

MDYG0.15%SPMD0.03%

Avg volume · 30D

SPMD 18.2×the volume

MDYG94.8KSPMD1.73M

10Y return · a year

SPMD +0.1pt

MDYG+10.9%SPMD+11.0%

MDYG vs SPMD Performance

Nov 9, 2021 – Nov 9, 2026

+30.9%MDYG+38.1%SPMD

Expense ratio: MDYG 0.15%; SPMD 0.03%, better
Fund size: MDYG $2.75B; SPMD $18.4B
1Y total return: MDYG +15.1%; SPMD +16.1%, better
Yield (12M): MDYG 0.67%; SPMD 1.29%, better
Holdings: MDYG 249; SPMD 402
Avg volume (30D): MDYG 94.8K sh; SPMD 1.73M sh, better
NAV per share: MDYG $101.02; SPMD $63.19
52W range

ETF.net Grade

Pillar letters and Scores for MDYG, SPMD, with each pillar’s weight
Pillar	MDYG	SPMD
Cost30% weight	C51	A96Higher
Mission25% weight	A96	A100Higher
Risk15% weight	D26	B57Higher
Tradability15% weight	B60	A81Higher
Holdings10% weight	C41	A85Higher
Durability5% weight	B61	A73Higher

Rank among S&P MidCap 400 funds

How we build Categories ›

Same Category. MDYG 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 MDYG 7th of 11 funds in the S&P MidCap 400 Category.

Rank 1ASPMDState Street SPDR Portfolio S&P 400 Mid Cap ETFScore 86
Rank 2AIJHiShares Core S&P Mid-Cap ETFScore 84
Rank 6BMDYVState Street SPDR S&P 400 Mid Cap Value ETFScore 63
Rank 7BMDYGState Street SPDR S&P 400 Mid Cap Growth ETFScore 59
Rank 8BIJJiShares S&P Mid-Cap 400 Value ETFScore 58

Our read on each fund

ETF.net Research

MDYGBState Street SPDR S&P 400 Mid Cap Growth ETF

SPMDAState Street SPDR Portfolio S&P 400 Mid Cap ETF

In short

MDYG The 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.

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

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

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

MDYG 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.

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

MDYG 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.

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 MDYG profile⁠

Full SPMD profile⁠

MDYG vs SPMD Holdings

How MDYG and SPMD differ

Overlap by weight

64.3%

Shared holdings make up 99.96% of MDYG and 65.6% of SPMD.

Level by level

Holdings247 in both64.3%
Sector11 Sectors83.2%
Countryby domicile99.1%
Asset classStocks100%

Sector

Sector weights in MDYG and SPMD, widest gap first
Sector	Gap	MDYG	SPMD
Health Care	MDYG +7.4 points	18.4%	11.1%
Financials	SPMD +6.6 points	9.4%	16.0%
Industrials	MDYG +4.9 points	28.1%	23.2%
Technology	MDYG +3.6 points	15.0%	11.3%
Energy	SPMD +2.3 points	2.8%	5.1%
Consumer Staples	SPMD +2.0 points	1.5%	3.5%
Materials	SPMD +1.9 points	4.2%	6.0%
Consumer Discretionary	SPMD +1.5 points	9.6%	11.1%
Real Estate	SPMD +1.4 points	6.2%	7.6%
Utilities	SPMD +1.2 points	2.2%	3.4%
Communication	MDYG +0.9 points	2.6%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in MDYG and SPMD, widest gap first
Country	Gap	MDYG	SPMD
United States	SPMD +0.9 points	97.4%	98.3%
United Kingdom	MDYG +0.7 points	1.8%	1.1%
Other countries (3)	MDYG +0.2 points	0.8%	0.6%

Concentration

Weight in the 10 largest Holdings

MDYG12.9%
SPMD6.7%

Securities held

MDYG247
SPMD400

Asset class

MDYG: Stocks
SPMD: Stocks

Holdings

Only in MDYG0
In both247
Only in SPMD153

Only in MDYG

0 securities, 0.0% of MDYG by weight

Only in SPMD

153 securities, 34.3% of SPMD by weight

Us Foods Holding Corp0.69%
Reliance Inc0.63%
Sharkninja Inc0.55%
Permian Resources Corp Class A0.54%
Td Synnex Corp0.52%
Reinsurance Group of America0.51%
Jones Lang Lasalle Inc0.51%
Performance Food Group Co0.51%
Ovintiv Inc0.50%
Pinnacle Financial Partners0.45%
Hf Sinclair Corp0.45%
Wesco International Inc0.43%
Toll Brothers Inc0.43%
Annaly Capital Management In0.42%
Bj’s Wholesale Club Holdings0.42%
Aramark0.41%
Crown Holdings Inc0.39%
Essential Utilities Inc0.38%
Range Resources Corp0.34%
Regal Rexnord Corp0.34%
Fidelity National Financial0.33%
Antero Resources Corp0.33%
Unum Group0.33%
First Horizon Corp0.33%
Molina Healthcare Inc0.33%
Watsco Inc0.32%
Avantor Inc0.31%
Oge Energy Corp0.31%
Ally Financial Inc0.31%
Alcoa Corp0.31%
American Homes 4 Rent A0.31%
Booz Allen Hamilton Holdings0.31%
Gamestop Corp Class A0.31%
Ryder System Inc0.30%
Wintrust Financial Corp0.30%
Southstate Bank Corp0.30%
Cnh Industrial NV0.30%
Toro Co0.30%
Borgwarner Inc0.30%
Umb Financial Corp0.29%
Owens Corning0.29%
Knight Swift Transportation0.28%
Zions Bancorp Na0.28%
Maplebear Inc0.28%
Arrow Electronics Inc0.27%
Aptargroup Inc0.27%
Voya Financial Inc0.27%
Corebridge Financial Inc0.27%
Saia Inc0.26%
Murphy Usa Inc0.26%

Weight gaps

The 100 widest of 247 Holdings in both funds.

Holding weights in MDYG and SPMD, widest gap first
Holding	Gap	MDYG	SPMD
Technipfmc PLCFTI	MDYG +0.76 points	1.50%	0.74%
United Therapeutics CorpUTHR	MDYG +0.73 points	1.45%	0.72%
Ati IncATI	MDYG +0.73 points	1.44%	0.71%
Tenet Healthcare CorpTHC	MDYG +0.69 points	1.37%	0.68%
Royal Gold IncRGLD	MDYG +0.68 points	1.35%	0.67%
Roku IncROKU	MDYG +0.64 points	1.27%	0.63%
Xpo IncXPO	MDYG +0.62 points	1.24%	0.62%
Woodward IncWWD	MDYG +0.56 points	1.12%	0.56%
Itt IncITT	MDYG +0.55 points	1.10%	0.55%
Toast Inc Class ATOST	MDYG +0.54 points	1.07%	0.53%
Rb Global IncRBA	MDYG +0.52 points	1.04%	0.52%
Exelixis IncEXEL	MDYG +0.53 points	1.04%	0.51%
Nvent Electric PLCNVT	MDYG +0.52 points	1.03%	0.51%
Curtiss Wright CorpCW	MDYG +0.52 points	1.03%	0.51%
Neurocrine Biosciences IncNBIX	MDYG +0.50 points	1.00%	0.50%
Coeur Mining IncCDE	MDYG +0.48 points	0.95%	0.47%
Api Group CorpAPG	MDYG +0.47 points	0.94%	0.47%
Jazz Pharmaceuticals PLCJAZZ	MDYG +0.47 points	0.92%	0.45%
Talen Energy CorpTLN	MDYG +0.46 points	0.91%	0.45%
Rbc Bearings IncRBC	MDYG +0.45 points	0.90%	0.45%
Somnigroup International IncSGI	MDYG +0.45 points	0.89%	0.44%
Medpace Holdings IncMEDP	MDYG +0.45 points	0.89%	0.44%
Macom Technology Solutions HMTSI	MDYG +0.44 points	0.88%	0.44%
Carpenter TechnologyCRS	MDYG +0.42 points	0.83%	0.41%
Encompass Health CorpEHC	MDYG +0.41 points	0.81%	0.40%
Caci International Inc Class ACACI	MDYG +0.41 points	0.81%	0.40%
Guidewire Software IncGWRE	MDYG +0.41 points	0.81%	0.40%
Five BelowFIVE	MDYG +0.40 points	0.80%	0.40%
Elanco Animal Health IncELAN	MDYG +0.39 points	0.77%	0.38%
Penumbra IncPEN	MDYG +0.38 points	0.76%	0.38%
Dynatrace IncDT	MDYG +0.38 points	0.75%	0.37%
Texas Roadhouse IncTXRH	MDYG +0.37 points	0.73%	0.36%
Halozyme Therapeutics IncHALO	MDYG +0.36 points	0.71%	0.35%
Coca Cola Consolidated IncCOKE	MDYG +0.36 points	0.71%	0.35%
FabrinetFN	MDYG +0.35 points	0.70%	0.35%
Brightspring Health ServicesBTSG	MDYG +0.35 points	0.69%	0.34%
Bwx Technologies IncBWXT	MDYG +0.33 points	0.66%	0.33%
Mastec IncMTZ	MDYG +0.32 points	0.65%	0.33%
Ensign Group Inc/TheENSG	MDYG +0.32 points	0.63%	0.31%
Tetra Tech IncTTEK	MDYG +0.31 points	0.62%	0.31%
Flowserve CorpFLS	MDYG +0.31 points	0.61%	0.30%
Hecla Mining CoHL	MDYG +0.29 points	0.59%	0.30%
New York Times Co ANYT	MDYG +0.30 points	0.59%	0.29%
Sitime CorpSITM	MDYG +0.29 points	0.58%	0.29%
Watts Water Technologies AWTS	MDYG +0.29 points	0.57%	0.28%
Affiliated Managers GroupAMG	MDYG +0.28 points	0.56%	0.28%
Moog Inc Class AMOG.A	MDYG +0.28 points	0.55%	0.27%
Caretrust Reit IncCTRE	MDYG +0.27 points	0.54%	0.27%
Brinker International IncEAT	MDYG +0.27 points	0.53%	0.26%
Healthequity IncHQY	MDYG +0.26 points	0.52%	0.26%
Kinsale Capital Group IncKNSL	MDYG +0.25 points	0.50%	0.25%
Arrowhead Pharmaceuticals InARWR	MDYG +0.24 points	0.49%	0.24%
Rambus IncRMBS	MDYG +0.25 points	0.49%	0.24%
Krystal Biotech IncKRYS	MDYG +0.24 points	0.48%	0.24%
Globus Medical Inc AGMED	MDYG +0.24 points	0.48%	0.24%
Advanced Energy IndustriesAEIS	MDYG +0.23 points	0.47%	0.24%
Sterling Infrastructure IncSTRL	MDYG +0.23 points	0.46%	0.23%
Firstcash Holdings IncFCFS	MDYG +0.23 points	0.45%	0.22%
Interdigital IncIDCC	MDYG +0.22 points	0.44%	0.22%
Paylocity Holding CorpPCTY	MDYG +0.22 points	0.44%	0.22%
Sanmina CorpSANM	MDYG +0.21 points	0.43%	0.22%
Spx Technologies IncSPXC	MDYG +0.22 points	0.43%	0.21%
First Industrial Realty TrFR	MDYG +0.22 points	0.43%	0.21%
Digitalocean Holdings IncDOCN	MDYG +0.21 points	0.42%	0.21%
Viavi Solutions IncVIAV	MDYG +0.21 points	0.42%	0.21%
Ttm TechnologiesTTMI	MDYG +0.21 points	0.42%	0.21%
Corcept Therapeutics IncCORT	MDYG +0.21 points	0.42%	0.21%
Qualys IncQLYS	MDYG +0.20 points	0.40%	0.20%
Kratos Defense & SecurityKTOS	MDYG +0.20 points	0.40%	0.20%
Exlservice Holdings IncEXLS	MDYG +0.19 points	0.39%	0.20%
Churchill Downs IncCHDN	MDYG +0.20 points	0.39%	0.19%
Formfactor IncFORM	MDYG +0.19 points	0.38%	0.19%
Antero Midstream CorpAM	MDYG +0.19 points	0.38%	0.19%
Dycom Industries IncDY	MDYG +0.19 points	0.38%	0.19%
Ul Solutions Inc Class AULS	MDYG +0.19 points	0.37%	0.18%
Hexcel CorpHXL	MDYG +0.19 points	0.37%	0.18%
Celsius Holdings IncCELH	MDYG +0.18 points	0.35%	0.17%
Ormat Technologies IncORA	MDYG +0.17 points	0.34%	0.17%
Appfolio Inc AAPPF	MDYG +0.16 points	0.33%	0.17%
Mks IncMKSI	MDYG +0.16 points	0.55%	0.39%
Hims & Hers Health IncHIMS	MDYG +0.17 points	0.33%	0.16%
Lincoln Electric HoldingsLECO	MDYG +0.16 points	0.61%	0.45%
Ollie’s Bargain Outlet HoldiOLLI	MDYG +0.17 points	0.33%	0.16%
Sabra Health Care Reit IncSBRA	MDYG +0.16 points	0.32%	0.16%
EnersysENS	MDYG +0.16 points	0.32%	0.16%
Newmarket CorpNEU	MDYG +0.16 points	0.32%	0.16%
Valaris LtdVAL	MDYG +0.16 points	0.32%	0.16%
Mueller Industries IncMLI	MDYG +0.16 points	0.51%	0.35%
Dt Midstream IncDTM	MDYG +0.15 points	0.50%	0.35%
Glaukos CorpGKOS	MDYG +0.16 points	0.55%	0.39%
Livanova PLCLIVN	MDYG +0.15 points	0.30%	0.15%
Dropbox Inc Class ADBX	MDYG +0.15 points	0.30%	0.15%
Nextpower IncNXT	MDYG +0.15 points	0.62%	0.47%
Option Care Health IncOPCH	MDYG +0.14 points	0.28%	0.14%
Agnc Investment CorpAGNC	MDYG +0.14 points	0.45%	0.31%
Federated Hermes IncFHI	MDYG +0.13 points	0.27%	0.14%
Travel Leisure CoTNL	MDYG +0.14 points	0.28%	0.14%
Planet Fitness Inc Class APLNT	MDYG +0.14 points	0.27%	0.13%
Sotera Health CoSHC	MDYG +0.13 points	0.27%	0.14%
Valvoline IncVVV	MDYG +0.14 points	0.27%	0.13%

All 247 MDYG 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.

MDYG vs SPMD Cost

Overpaying MDYG vs SPMD

$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%
$638

Amount$10,000

Years30 years

Cost over time

MDYG 0.15%
SPMD 0.03%
Overpaying

Year by year

Year	MDYG	SPMD	Overpaying
10	$274	$55	$219
20	$1,071	$216	$855
30	$3,137	$638	$2,499

Expense ratio

0.15%MDYG
0.03%SPMD, cheaper

SPMD0.03%MDYG0.15%

0.03%0.49%

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

SPMD cheapest of 11 funds

MDYG 5th cheapest of 11 funds

MDYG vs SPMD Dividends

Last 12 months to Nov 9, 2026

Yield (12M): MDYG 0.67%; SPMD 1.29%, better
Payout (12M): MDYG $0.70; SPMD $0.84
Last payment: MDYG $0.23; SPMD $0.23
Ex-dividend: MDYG Sep 21, 2026; SPMD Sep 21, 2026
Paid on: MDYG Sep 23, 2026; SPMD Sep 23, 2026
Frequency: MDYG Quarterly; SPMD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

MDYGQuarterly · 38 paymentsAll MDYG payments⁠

SPMDQuarterly · 39 paymentsAll SPMD payments⁠

MDYG vs SPMD Risk

Fall from peak · 5 years

MDYG
SPMD

Risk facts

VolatilityStd dev, 3 years: MDYG 15.9%SPMD 15.1%, better
Return per unit of riskSharpe ratio, 3 years: MDYG 0.79SPMD 0.85, better
Worst fallMax drawdown, 5 years: MDYG −29.3%SPMD −24.1%, better
Market sensitivityBeta, 5 years: MDYG 1.07SPMD 1.02; Market = 1

Popular comparisons

MDYGBvsIJHA
State Street SPDR S&P 400 Mid Cap Growth ETF · iShares Core S&P Mid-Cap ETF
Expense ratio
0.15% · 0.05%
Category
SPMDAvsMDYB
State Street SPDR Portfolio S&P 400 Mid Cap ETF · State Street SPDR S&P MIDCAP 400 ETF Trust
Expense ratio
0.03% · 0.23%
Category
MDYGBvsIVOOA
State Street SPDR S&P 400 Mid Cap Growth ETF · Vanguard S&P Mid-Cap 400 ETF
Expense ratio
0.15% · 0.07%
Category
SPMDAvsIJHA
State Street SPDR Portfolio S&P 400 Mid Cap ETF · iShares Core S&P Mid-Cap ETF
Expense ratio
0.03% · 0.05%
Category
MDYGBvsMDYB
State Street SPDR S&P 400 Mid Cap Growth ETF · State Street SPDR S&P MIDCAP 400 ETF Trust
Expense ratio
0.15% · 0.23%
Category
SPMDAvsIVOOA
State Street SPDR Portfolio S&P 400 Mid Cap ETF · Vanguard S&P Mid-Cap 400 ETF
Expense ratio
0.03% · 0.07%
Category