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S&P Mid Cap 400 Index

Performance

^MID Performance Chart

S&P Mid Cap 400 Index (^MID) is up 15.2% since the beginning of the year. ^MID is currently trading at $3,807 per share. Investors who bought $1,000 worth of ^MID shares 5 years ago would now be looking at an investment worth $1,422.


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S&P 500 Index

Returns By Period

S&P Mid Cap 400 Index (^MID) has returned 15.17% so far this year and 25.83% over the past 12 months. Over the last ten years, ^MID has returned 10.08% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


S&P Mid Cap 400 Index

1D
0.40%
1M
3.63%
YTD
15.17%
6M
12.66%
1Y
25.83%
3Y*
14.82%
5Y*
7.30%
10Y*
10.08%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^MID Monthly Returns History

Based on dividend-adjusted daily data since Jan 2, 1981, ^MID's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +14.8%, while the worst month was Oct 1987 at -23.9%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, ^MID closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -13.8%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.99%4.02%-5.56%7.80%2.34%2.19%15.17%
20253.78%-4.44%-5.68%-2.32%5.25%3.38%1.56%3.26%0.29%-0.53%1.92%-0.10%5.90%
2024-1.77%5.80%5.39%-6.08%4.26%-1.77%5.73%-0.21%0.98%-0.77%8.66%-7.29%12.20%
20239.14%-1.95%-3.41%-0.87%-3.36%8.96%4.05%-3.04%-5.42%-5.42%8.33%8.50%14.45%
2022-7.27%0.99%1.21%-7.18%0.58%-9.78%10.75%-3.25%-9.36%10.42%5.95%-5.72%-14.48%
20211.45%6.67%4.53%4.44%0.08%-1.15%0.28%1.83%-4.09%5.82%-3.06%4.92%23.21%

Benchmark Metrics

S&P Mid Cap 400 Index has an annualized alpha of 2.27%, beta of 0.93, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since January 02, 1981.

  • This index captured 107.65% of S&P 500 Index gains and 100.82% of its losses - amplifying both gains and losses, but participating more in upside than downside.
  • This index generated an annualized alpha of 2.27% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
  • With beta of 0.93 and R2 of 0.79, this index moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

Alpha
2.27%
Beta
0.93
0.79
Upside Capture
107.65%
Downside Capture
100.82%

Return for Risk

Risk / Return Rank

^MID ranks 61 for risk / return — better than 61% of indices on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


^MID Risk / Return Rank: 6161
Overall Rank
^MID Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
^MID Sortino Ratio Rank: 5656
Sortino Ratio Rank
^MID Omega Ratio Rank: 5252
Omega Ratio Rank
^MID Calmar Ratio Rank: 7474
Calmar Ratio Rank
^MID Martin Ratio Rank: 7070
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for S&P Mid Cap 400 Index (^MID) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


^MIDBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.38

Sortino ratioReturn per unit of downside risk

-0.36

Omega ratioGain probability vs. loss probability

1.29

1.37

-0.08

Calmar ratioReturn relative to maximum drawdown

2.90

2.78

+0.11

Martin ratioReturn relative to average drawdown

10.41

12.44

-2.03

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the S&P Mid Cap 400 Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the S&P Mid Cap 400 Index was 56.32%, occurring on Mar 9, 2009. Recovery took 469 trading sessions.

The current S&P Mid Cap 400 Index drawdown is 0.04%.


Related event

Drawdown

Fall

Recovery

Underwater

Financial crisis2007–2009
-56.32%Mar 2009
1y 7mo1y 10mo
3y 6moJul 2007 - Jan 2011
COVID crash2020
-42.14%Mar 2020
1mo 1d7mo 22d
8mo 23dFeb 2020 - Nov 2020
Black Monday1987
-32.78%Oct 1987
2mo 2d1y 6mo
1y 8moAug 1987 - Apr 1989
Dot-com crash2000–2002
-32.25%Oct 2002
5mo 25d1y 25d
1y 6moApr 2002 - Nov 2003
1998 bear market1998
-27.51%Oct 1998
5mo 18d2mo 24d
8mo 12dApr 1998 - Dec 1998

Drawdown Indicators


^MIDBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-56.32%

-56.78%

+0.46%

Max Drawdown (1Y)

Largest decline over 1 year

-8.96%

-9.10%

+0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-24.46%

-18.90%

-5.56%

Max Drawdown (5Y)

Largest decline over 5 years

-24.46%

-25.43%

+0.97%

Max Drawdown (10Y)

Largest decline over 10 years

-42.14%

-33.92%

-8.22%

Current Drawdown

Current decline from peak

-0.04%

-1.80%

+1.76%

Average Drawdown

Average peak-to-trough decline

-7.12%

-10.71%

+3.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.03%

+0.46%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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Add S&P Mid Cap 400 Index to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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