SPDR S&P MidCap 400 ETF (MDY) belongs to the Mid Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MDY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MDY
MDY charges 0.23% annually. There are 20 ETFs in the Mid Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Mid-Cap ETF | 0.03% | 224.00B | Jan 2004 | MDY vs VO | |
| SPDR Portfolio S&P 400 Mid Cap ETF | 0.03% | 18.27B | Nov 2005 | MDY vs SPMD | |
| iShares Morningstar Mid-Cap ETF | 0.04% | 1.66B | Jun 2004 | MDY vs IMCB | |
| Schwab US Mid-Cap ETF | 0.04% | 14.50B | Jan 2011 | MDY vs SCHM | |
| Vanguard Extended Market ETF | 0.05% | 97.70B | Dec 2001 | MDY vs VXF |
Best Risk-Adjusted Alternatives to MDY
MDY has a PortfoliosLab risk / return rank of 61. There are 40 ETFs in the Mid Cap Blend Equities category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Castellan Targeted Equity ETF | 91 | — | Jun 2025 | MDY vs CTEF | |
| Counterpoint Quantitative Equity ETF | 88 | 377.71M | Nov 2023 | MDY vs CPAI | |
| LeaderShares AlphaFactor US Core Equity ETF | 88 | 117.99M | Oct 2018 | MDY vs LSAF | |
| Invesco S&P Spin-Off ETF | 88 | 225.57M | Dec 2006 | MDY vs CSD | |
| SRH U.S. Quality ETF | 87 | 170.62M | Oct 2022 | MDY vs SRHQ |
Top Performing MDY Alternatives (YTD)
MDY is at 14.33% YTD. There are 39 ETFs in the Mid Cap Blend Equities category with higher YTD returns, going as high as 33.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Castellan Targeted Equity ETF | 33.99% | — | Jun 2025 | MDY vs CTEF | |
| Invesco S&P Spin-Off ETF | 33.33% | 225.57M | Dec 2006 | MDY vs CSD | |
| Counterpoint Quantitative Equity ETF | 26.13% | 377.71M | Nov 2023 | MDY vs CPAI | |
| Optimize Strategy Index ETF | 24.46% | 239.89M | Apr 2024 | MDY vs OPTZ | |
| GMO Domestic Resilience ETF | 21.60% | 36.00M | Sep 2025 | MDY vs DRES |
Lowest Volatility Alternatives to MDY
MDY has 15.69% 1-year volatility. There are 46 ETFs in the Mid Cap Blend Equities category with lower 1-year volatility, going as low as 9.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Dynamic Market ETF | 9.97% | 95.10M | May 2003 | MDY vs PWC | |
| Invesco Bloomberg MVP Multi-factor ETF | 9.97% | 104.10M | May 2003 | MDY vs BMVP | |
| ETC 6 Meridian Low Beta Equity Strategy ETF | 10.43% | 185.97M | May 2020 | MDY vs SIXL | |
| Indexperts Quality Earnings Focused ETF | 11.02% | 34.97M | Dec 2024 | MDY vs QIDX | |
| Xtrackers Russell US Multifactor ETF | 11.17% | 300.67M | Nov 2015 | MDY vs DEUS |
Lowest Drawdown Alternatives to MDY
MDY has a 1-year max drawdown of -8.82%. There are 30 ETFs in the Mid Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SRH U.S. Quality ETF | -6.31% | 170.62M | Oct 2022 | MDY vs SRHQ | |
| Invesco Dynamic Market ETF | -6.45% | 95.10M | May 2003 | MDY vs PWC | |
| Invesco Bloomberg MVP Multi-factor ETF | -6.45% | 104.10M | May 2003 | MDY vs BMVP | |
| WisdomTree US Multifactor Fund | -6.47% | 297.46M | Jun 2017 | MDY vs USMF | |
| ETC 6 Meridian Low Beta Equity Strategy ETF | -6.52% | 185.97M | May 2020 | MDY vs SIXL |
Other ETFs from State Street
The 10 most viewed State Street ETFs shown here include SPY, GLD, XLK and span 10 categories. AUM among these funds goes as high as $789B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 67 | 10.13% | 789.06B | Jan 1993 | MDY vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 30 | -6.25% | 130.32B | Nov 2004 | MDY vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 55 | 22.09% | 115.56B | Dec 1998 | MDY vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 43 | 10.06% | 51.09B | Sep 2000 | MDY vs SPYG | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 68 | 10.15% | 160.81B | Nov 2005 | MDY vs SPYM | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 78 | 16.95% | 8.75B | Oct 2015 | MDY vs SPYD | |
| State Street Energy Select Sector SPDR ETF | Energy Equities | 76 | 35.03% | 38.64B | Dec 1998 | MDY vs XLE | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 31 | -6.13% | 27.37B | Jun 2018 | MDY vs GLDM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 21 | 5.28% | 23.07B | Dec 1998 | MDY vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 2.08% | 47.03B | May 2007 | MDY vs BIL |
Often Compared With MDY
Investors most often compare MDY with IJH, IWM, VOO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare MDY with Any Fund or Stock
Compare MDY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MDY with funds that move differently
SPDR S&P MidCap 400 ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MDY.
Explore MDY Diversifiers