- ISIN
- US78467Y1073
- CUSIP
- 78467Y107
- Issuer
- State Street
- Inception Date
- May 4, 1995
- Region
- North America (U.S.)
- Category
- Small Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P MidCap 400 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $26B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MDY Performance Chart
SPDR S&P MidCap 400 ETF (MDY) is up 14.0% since the beginning of the year. MDY is currently trading at $686 per share. Investors who bought $1,000 worth of MDY shares 5 years ago would now be looking at an investment worth $1,474.
Loading charts...
Returns By Period
SPDR S&P MidCap 400 ETF (MDY) has returned 14.02% so far this year and 26.67% over the past 12 months. Over the last ten years, MDY has returned 11.05% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
SPDR S&P MidCap 400 ETF
- 1D
- 0.90%
- 1M
- 3.28%
- YTD
- 14.02%
- 6M
- 15.05%
- 1Y
- 26.67%
- 3Y*
- 15.81%
- 5Y*
- 8.07%
- 10Y*
- 11.05%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
MDY Monthly Returns History
Based on dividend-adjusted daily data since May 4, 1995, MDY's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 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 2008 at -22.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MDY closed higher 54% of trading days. The best single day was Oct 28, 2008 with a return of +11.5%, while the worst single day was Mar 16, 2020 at -13.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.03% | 4.02% | -5.29% | 7.69% | 2.48% | 0.81% | 14.02% | ||||||
| 2025 | 3.70% | -4.21% | -5.48% | -2.38% | 5.36% | 3.57% | 1.61% | 3.39% | 0.41% | -0.51% | 2.11% | 0.00% | 7.19% |
| 2024 | -1.74% | 5.91% | 5.58% | -6.05% | 4.48% | -1.67% | 5.80% | -0.14% | 1.06% | -0.71% | 8.89% | -7.17% | 13.64% |
| 2023 | 9.25% | -1.86% | -3.18% | -0.80% | -3.21% | 9.15% | 4.06% | -2.96% | -5.26% | -5.28% | 8.39% | 8.63% | 16.07% |
| 2022 | -7.27% | 1.12% | 1.27% | -7.06% | 0.75% | -9.65% | 10.92% | -3.17% | -9.18% | 10.48% | 6.02% | -5.53% | -13.28% |
| 2021 | 1.44% | 6.78% | 4.85% | 4.31% | 0.24% | -1.09% | 0.28% | 2.01% | -4.01% | 5.88% | -3.01% | 5.15% | 24.53% |
Benchmark Metrics
SPDR S&P MidCap 400 ETF has an annualized alpha of 2.43%, beta of 1.03, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since May 05, 1995.
- This ETF captured 110.86% of S&P 500 Index gains and 100.46% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 2.43% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.03 and R2 of 0.81, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.43%
- Beta
- 1.03
- R²
- 0.81
- Upside Capture
- 110.86%
- Downside Capture
- 100.46%
Expense Ratio
MDY has an expense ratio of 0.23%, which is considered low.
Return for Risk
Risk / Return Rank
MDY ranks 53 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR S&P MidCap 400 ETF (MDY) and compare them to S&P 500 Index.
| MDY | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 2.39 | -0.66 |
Sortino ratioReturn per unit of downside risk | 2.52 | 3.25 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.43 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 3.04 | 3.11 | -0.08 |
Martin ratioReturn relative to average drawdown | 11.07 | 14.38 | -3.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
SPDR S&P MidCap 400 ETF provided a 1.04% dividend yield over the last twelve months, with an annual payout of $7.12 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.12 | $6.91 | $6.74 | $6.15 | $6.05 | $4.95 | $4.71 | $5.04 | $4.20 | $4.09 | $3.94 | $3.44 |
Dividend yield | 1.04% | 1.15% | 1.18% | 1.21% | 1.37% | 0.96% | 1.12% | 1.34% | 1.39% | 1.18% | 1.31% | 1.35% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P MidCap 400 ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $1.52 | $0.00 | $0.00 | $0.00 | $1.52 | ||||||
| 2025 | $0.00 | $0.00 | $1.31 | $0.00 | $0.00 | $1.80 | $0.00 | $0.00 | $1.62 | $0.00 | $0.00 | $2.18 | $6.91 |
| 2024 | $0.00 | $0.00 | $1.01 | $0.00 | $0.00 | $2.00 | $0.00 | $0.00 | $1.65 | $0.00 | $0.00 | $2.08 | $6.74 |
| 2023 | $0.00 | $0.00 | $1.19 | $0.00 | $0.00 | $1.51 | $0.00 | $0.00 | $1.55 | $0.00 | $0.00 | $1.89 | $6.15 |
| 2022 | $0.00 | $0.00 | $1.15 | $0.00 | $0.00 | $1.40 | $0.00 | $0.00 | $1.83 | $0.00 | $0.00 | $1.67 | $6.05 |
| 2021 | $0.00 | $0.00 | $0.86 | $0.00 | $0.00 | $1.28 | $0.00 | $0.00 | $1.31 | $0.00 | $0.00 | $1.49 | $4.95 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR S&P MidCap 400 ETF. 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 SPDR S&P MidCap 400 ETF was 55.33%, occurring on Mar 9, 2009. Recovery took 441 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.33%Mar 2009 | 1y 7mo | 1y 9mo | 3y 4moJul 2007 - Dec 2010 |
COVID crash2020 | -42.22%Mar 2020 | 1mo 1d | 7mo 21d | 8mo 22dFeb 2020 - Nov 2020 |
Dot-com crash2000–2002 | -32.04%Oct 2002 | 5mo 25d | 1y 4d | 1y 5moApr 2002 - Oct 2003 |
1998 bear market1998 | -27.72%Oct 1998 | 5mo 18d | 2mo 24d | 8mo 12dApr 1998 - Dec 1998 |
2011 bear market2011 | -26.19%Oct 2011 | 5mo 4d | 5mo 25d | 10mo 29dMay 2011 - Mar 2012 |
Drawdown Indicators
| MDY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -56.78% | +1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -9.10% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -24.03% | -18.90% | -5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.03% | -25.43% | +1.40% |
Max Drawdown (10Y)Largest decline over 10 years | -42.22% | -33.92% | -8.30% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -10.72% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.97% | +0.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MDY
Add SPDR S&P MidCap 400 ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MDY