MDST vs SPY
Comparison between Westwood Salient Enhanced Midstream Income ETF (MDST, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
MDST vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MDST
$247M
Winner
SPY
$735B
Expense Ratio
MDST
0.80%
Winner
SPY
0.09%
Max Drawdown
Winner
MDST
16.16%
SPY
56.47%
Sharpe Ratio
MDST
1.39
Winner
SPY
1.62
5Y Beta
Winner
MDST
0.46
SPY
1.00
P/E Ratio
Winner
MDST
23.98
SPY
28.99
Forward P/E
Winner
MDST
16.53
SPY
22.37
5Y Dividends CAGR
MDST
N/A
SPY
5.43%
5Y EPS CAGR
MDST
15.65%
Winner
SPY
26.05%
Debt to Equity
MDST
N/A
SPY
32.40%
P/S Ratio
Winner
MDST
1.13
SPY
3.74
P/B Ratio
Winner
MDST
3.44
SPY
5.61
MDST vs SPY - Holdings Comparison
MDST and SPY have 5 common holdings. Overlap is 0.05%
MDST's top 25 holdings weight is 102.67%. SPY's top 25 holdings weight is 52.37%.
| Rank | MDST | SPY |
|---|---|---|
| #1 | ENBRIDGE INC (n/a) - 9.10% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | ENERGY TRANSFER LP (ET) - 8.82% | APPLE INC (AAPL) - 7.02% |
| #3 | WILLIAMS COMPANIES INC (WMB) - 8.76% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 6.95% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | DT MIDSTREAM INC ORDINARY SHARES (DTM) - 6.49% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | KINDER MORGAN INC CLASS P (KMI) - 5.74% | BROADCOM INC (AVGO) - 3.10% |
| #7 | SOUTH BOW CORP (n/a) - 5.43% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | TC ENERGY CORP (n/a) - 4.94% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | PEMBINA PIPELINE CORP (n/a) - 4.90% | TESLA INC (TSLA) - 1.89% |
| #10 | ONEOK INC (OKE) - 4.83% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | TARGA RESOURCES CORP (TRGP) - 4.67% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | PLAINS GP HOLDINGS LP CLASS A (PAGP) - 4.59% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | ANTERO MIDSTREAM CORP (AM) - 4.44% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | MPLX LP PARTNERSHIP UNITS (MPLX) - 4.38% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | CHENIERE ENERGY INC (LNG) - 4.37% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | HESS MIDSTREAM LP CLASS A (HESM) - 4.19% | INTEL CORP (INTC) - 0.90% |
| #17 | KINETIK HOLDINGS INC (KNTK) - 3.08% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | WESTERN MIDSTREAM PARTNERS LP (WES) - 2.49% | VISA INC CLASS A (V) - 0.85% |
| #19 | n/a (VG) - 1.49% | WALMART INC (WMT) - 0.81% |
| #20 | US DOLLARS (n/a) - 1.12% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | NEXTDECADE CORP (NEXT) - 0.92% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | DELEK LOGISTICS PARTNERS LP (DKL) - 0.44% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | SELECT WATER SOLUTIONS INC CLASS A (WTTR) - 0.39% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | GENESIS ENERGY LP (GEL) - 0.14% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | KMI US 06/18/26 C33 (n/a) - 0.00% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 108 | 505 |
MDST vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MDST
+1.81%
Winner
SPY
+1.90%
3M
MDST
+5.42%
Winner
SPY
+8.55%
6M
Winner
MDST
+16.47%
SPY
+8.18%
1Y
MDST
+21.20%
Winner
SPY
+25.79%
5Y(CAGR)
MDST
N/A
SPY
+13.32%
10Y(CAGR)
MDST
N/A
SPY
+15.19%
Max(CAGR)
Winner
MDST
+19.78%
SPY
+8.47%
MDST vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MDST | SPY |
|---|---|---|
| 2026 | +16.38% | +8.26% |
| 2025 | +5.61% | +18.00% |
| 2024 | +17.22% | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
MDST vs SPY Drawdown Comparison
The maximum drawdown for MDST was -14.19%, occurring on Apr 8, 2025. Recovery took 82 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MDST drawdown is -1.35%. The current SPY drawdown is -2.90%.
| Rank | MDST | SPY |
|---|---|---|
| #1 | -14.19% Apr 2, 2025 - Jul 31, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -7.50% Jan 21, 2025 - Apr 2, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -7.20% Nov 29, 2024 - Jan 14, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -6.75% Jul 31, 2025 - Dec 4, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -4.99% May 19, 2026 - May 29, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -4.30% Mar 27, 2026 - Apr 30, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -4.21% Jul 22, 2024 - Aug 19, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -3.67% Apr 9, 2024 - Apr 25, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.16% May 4, 2026 - May 13, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.11% Dec 4, 2025 - Jan 2, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.01% May 20, 2024 - Jun 24, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.73% Jan 2, 2026 - Jan 16, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.67% Sep 23, 2024 - Oct 3, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.35% Aug 30, 2024 - Sep 16, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.30% Apr 25, 2024 - May 7, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MDST and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (1999 - 2026)
MDST vs SPY dividend yield comparison.
| Year | MDST | SPY |
|---|---|---|
| 2026 | 4.56% | 0.24% |
| 2025 | 10.22% | 1.07% |
| 2024 | 6.60% | 1.21% |
| 2023 | 0.00% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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