MDY vs SPY
Comparison between S&P MidCap 400 ETF (MDY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MDY, delivering a return of +13.3% compared to +7.3%
MDY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MDY
$24B
Winner
SPY
$652B
Expense Ratio
MDY
0.23%
Winner
SPY
0.09%
Max Drawdown
Winner
MDY
56.26%
SPY
56.47%
Sharpe Ratio
MDY
1.41
Winner
SPY
2.07
5Y Beta
Winner
MDY
0.99
SPY
1.00
P/E Ratio
Winner
MDY
24.58
SPY
28.24
Forward P/E
Winner
MDY
16.58
SPY
21.85
5Y Dividends CAGR
Winner
MDY
8.61%
SPY
5.43%
5Y EPS CAGR
MDY
12.56%
Winner
SPY
25.79%
Debt to Equity
MDY
56.25%
Winner
SPY
22.35%
P/S Ratio
Winner
MDY
1.57
SPY
3.55
P/B Ratio
Winner
MDY
2.66
SPY
5.29
MDY vs SPY - Holdings Comparison
MDY and SPY have 2 common holdings. Overlap is 0.05%
MDY's top 25 holdings weight is 16.05%. SPY's top 25 holdings weight is 51.32%.
| Rank | MDY | SPY |
|---|---|---|
| #1 | TECHNIPFMC PLC (n/a) - 0.88% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | CASEY'S GENERAL STORES INC (CASY) - 0.85% | APPLE INC (AAPL) - 6.48% |
| #3 | UNITED THERAPEUTICS CORP (UTHR) - 0.80% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | CURTISS-WRIGHT CORP (CW) - 0.79% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | FLEX LTD (FLEX) - 0.75% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | XPO INC (XPO) - 0.71% | BROADCOM INC (AVGO) - 3.09% |
| #7 | WOODWARD INC (WWD) - 0.67% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | ROYAL GOLD INC (RGLD) - 0.65% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | US FOODS HOLDING CORP (USFD) - 0.64% | TESLA INC (TSLA) - 1.73% |
| #10 | BURLINGTON STORES INC (BURL) - 0.63% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | MASTEC INC (MTZ) - 0.62% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | ATI INC (ATI) - 0.62% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | CARPENTER TECHNOLOGY CORP (CRS) - 0.61% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | TWILIO INC CLASS A (TWLO) - 0.60% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | NVENT ELECTRIC PLC (NVT) - 0.60% | WALMART INC (WMT) - 0.91% |
| #16 | ILLUMINA INC (ILMN) - 0.59% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | BWX TECHNOLOGIES INC (BWXT) - 0.59% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | FABRINET (FN) - 0.59% | VISA INC CLASS A (V) - 0.85% |
| #19 | EVERPURE INC CLASS A (P) - 0.58% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | ENTEGRIS INC (ENTG) - 0.56% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | NEXTPOWER INC-CL A (n/a) - 0.56% | INTEL CORP (INTC) - 0.65% |
| #22 | RB GLOBAL INC (RBA) - 0.56% | NETFLIX INC (NFLX) - 0.64% |
| #23 | ALCOA CORP (AA) - 0.54% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | RBC BEARINGS INC (RBC) - 0.54% | CHEVRON CORP (CVX) - 0.58% |
| #25 | TENET HEALTHCARE CORP (THC) - 0.52% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 400 | 505 |
MDY vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MDY
+4.90%
Winner
SPY
+9.11%
3M
MDY
+3.24%
Winner
SPY
+6.59%
6M
Winner
MDY
+14.61%
SPY
+10.56%
1Y
MDY
+26.74%
Winner
SPY
+32.04%
5Y(CAGR)
MDY
+7.31%
Winner
SPY
+13.35%
10Y(CAGR)
MDY
+11.26%
Winner
SPY
+15.49%
Max(CAGR)
Winner
MDY
+10.00%
SPY
+8.50%
MDY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MDY | SPY |
|---|---|---|
| 2026 | +10.74% | +8.27% |
| 2025 | +7.44% | +18.00% |
| 2024 | +14.00% | +25.59% |
| 2023 | +16.64% | +26.72% |
| 2022 | -13.53% | -18.64% |
| 2021 | +26.53% | +30.52% |
| 2020 | +13.37% | +17.28% |
| 2019 | +26.23% | +31.09% |
| 2018 | -12.12% | -5.24% |
| 2017 | +15.30% | +20.78% |
| 2016 | +22.01% | +13.59% |
| 2015 | -2.35% | +1.31% |
| 2014 | +10.67% | +14.56% |
| 2013 | +29.47% | +29.00% |
| 2012 | +16.51% | +14.17% |
| 2011 | -3.32% | +0.85% |
| 2010 | +24.20% | +13.14% |
| 2009 | +33.95% | +22.67% |
| 2008 | -36.01% | -36.25% |
| 2007 | +6.68% | +5.32% |
| 2006 | +8.55% | +13.85% |
| 2005 | +13.72% | +5.32% |
| 2004 | +15.51% | +10.75% |
| 2003 | +31.04% | +24.18% |
| 2002 | -14.53% | -22.42% |
| 2001 | +3.12% | -10.13% |
| 2000 | +18.83% | -8.84% |
| 1999 | +10.57% | +8.61% |
MDY vs SPY Drawdown Comparison
The maximum drawdown for MDY was -55.34%, occurring on Mar 9, 2009. Recovery took 857 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MDY drawdown is -0.83%.
| Rank | MDY | SPY |
|---|---|---|
| #1 | -55.34% Jul 13, 2007 - Dec 6, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -42.21% Feb 20, 2020 - Nov 9, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -32.04% Apr 16, 2002 - Oct 13, 2003 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.20% Apr 29, 2011 - Mar 26, 2012 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.60% Sep 7, 2000 - Apr 10, 2002 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -24.04% Nov 25, 2024 - Dec 10, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -23.79% Nov 16, 2021 - Feb 12, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -23.16% Aug 29, 2018 - Nov 26, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -19.27% Jun 23, 2015 - Jul 11, 2016 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.95% Mar 24, 2000 - Jun 2, 2000 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -12.52% May 8, 2006 - Dec 4, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -11.12% Mar 26, 2012 - Sep 7, 2012 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.55% Jul 1, 2014 - Nov 21, 2014 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.49% Apr 5, 2004 - Nov 4, 2004 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.69% Jan 26, 2018 - Jun 6, 2018 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MDY and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
MDY vs SPY dividend yield comparison.
| Year | MDY | SPY |
|---|---|---|
| 2026 | 0.22% | 0.24% |
| 2025 | 1.15% | 1.07% |
| 2024 | 1.18% | 1.21% |
| 2023 | 1.21% | 1.40% |
| 2022 | 1.37% | 1.65% |
| 2021 | 0.96% | 1.20% |
| 2020 | 1.12% | 1.52% |
| 2019 | 1.34% | 1.75% |
| 2018 | 1.39% | 2.04% |
| 2017 | 1.18% | 1.80% |
| 2016 | 1.31% | 2.03% |
| 2015 | 1.35% | 2.06% |
| 2014 | 1.17% | 1.87% |
| 2013 | 1.07% | 1.81% |
| 2012 | 1.14% | 2.18% |
| 2011 | 1.07% | 2.05% |
| 2010 | 0.91% | 1.80% |
| 2009 | 1.22% | 1.95% |
| 2008 | 1.87% | 3.02% |
| 2007 | 1.18% | 1.85% |
| 2006 | 1.18% | 1.73% |
| 2005 | 1.04% | 1.73% |
| 2004 | 0.87% | 1.82% |
| 2003 | 0.82% | 1.47% |
| 2002 | 0.91% | 1.70% |
| 2001 | 0.77% | 1.25% |
| 2000 | 0.82% | 1.15% |
| 1999 | 2.69% | 0.24% |
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