- ISIN
- US78464A8392
- CUSIP
- 78464A839
- Issuer
- State Street
- Inception Date
- Nov 8, 2005
- Region
- North America (U.S.)
- Category
- Mid Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P MidCap 400 Value Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $3B
Share Price Chart
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Performance
MDYV Performance Chart
SPDR S&P 400 Mid Cap Value ETF (MDYV) is up 11.1% since the beginning of the year. MDYV is currently trading at $93 per share. Investors who bought $1,000 worth of MDYV shares 5 years ago would now be looking at an investment worth $1,516.
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Returns By Period
SPDR S&P 400 Mid Cap Value ETF (MDYV) has returned 11.09% so far this year and 22.24% over the past 12 months. Over the last ten years, MDYV has returned 10.84% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
SPDR S&P 400 Mid Cap Value ETF
- 1D
- 0.15%
- 1M
- 3.27%
- YTD
- 11.09%
- 6M
- 9.04%
- 1Y
- 22.24%
- 3Y*
- 14.38%
- 5Y*
- 8.68%
- 10Y*
- 10.84%
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%
MDYV Monthly Returns History
Based on dividend-adjusted daily data since Nov 15, 2005, MDYV's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +16.6%, while the worst month was Mar 2020 at -24.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MDYV closed higher 51% of trading days. The best single day was Nov 24, 2008 with a return of +14.0%, while the worst single day was Mar 16, 2020 at -13.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.11% | 2.39% | -5.21% | 7.50% | -0.07% | 2.32% | 11.09% | ||||||
| 2025 | 3.92% | -3.00% | -4.39% | -4.49% | 4.58% | 3.77% | 1.03% | 4.56% | -0.13% | -1.45% | 3.17% | 0.28% | 7.45% |
| 2024 | -3.11% | 1.83% | 5.38% | -6.00% | 4.80% | -2.06% | 7.58% | 0.65% | 1.07% | 0.09% | 8.91% | -6.86% | 11.48% |
| 2023 | 11.48% | -2.81% | -5.40% | -1.04% | -3.62% | 9.67% | 4.46% | -3.77% | -5.78% | -5.84% | 9.48% | 10.21% | 15.35% |
| 2022 | -4.11% | 1.33% | 2.23% | -6.71% | 2.09% | -9.23% | 9.17% | -2.82% | -9.46% | 11.52% | 6.34% | -5.13% | -7.19% |
| 2021 | 1.14% | 9.46% | 6.97% | 4.75% | 1.93% | -2.89% | -0.16% | 2.42% | -3.72% | 4.44% | -2.36% | 5.87% | 30.51% |
Benchmark Metrics
SPDR S&P 400 Mid Cap Value ETF has an annualized alpha of 1.62%, beta of 0.89, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since November 15, 2005.
- This ETF participated in 109.19% of S&P 500 Index downside but only 109.14% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.89 and R2 of 0.63, 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
- 1.62%
- Beta
- 0.89
- R²
- 0.63
- Upside Capture
- 109.14%
- Downside Capture
- 109.19%
Expense Ratio
MDYV has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
MDYV ranks 43 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 400 Mid Cap Value ETF (MDYV) 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.
| MDYV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.78 | -0.66 |
| Martin ratioReturn relative to average drawdown | 7.31 | 12.44 | -5.13 |
Dividends
Dividend History
SPDR S&P 400 Mid Cap Value ETF provided a 2.16% dividend yield over the last twelve months, with an annual payout of $2.01 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.01 | $1.45 | $1.51 | $1.17 | $1.23 | $1.24 | $0.94 | $1.01 | $1.01 | $1.28 | $0.86 | $1.64 |
Dividend yield | 2.16% | 1.72% | 1.89% | 1.59% | 1.90% | 1.74% | 1.69% | 1.83% | 2.28% | 2.48% | 1.83% | 4.31% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P 400 Mid Cap Value 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 | $0.38 | $0.00 | $0.00 | $0.42 | $0.80 | ||||||
| 2025 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.39 | $1.45 |
| 2024 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.48 | $1.51 |
| 2023 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.30 | $1.17 |
| 2022 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.33 | $1.23 |
| 2021 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.39 | $1.24 |
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 SPDR S&P 400 Mid Cap Value 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 400 Mid Cap Value ETF was 60.71%, occurring on Mar 6, 2009. Recovery took 525 trading sessions.
The current SPDR S&P 400 Mid Cap Value ETF drawdown is 0.81%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.71%Mar 2009 | 1y 9mo | 2y 1mo | 3y 10moJun 2007 - Apr 2011 |
COVID crash2020 | -45.90%Mar 2020 | 2mo 6d | 8mo 16d | 10mo 22dJan 2020 - Dec 2020 |
2011 bear market2011 | -25.52%Sep 2011 | 4mo 23d | 5mo 25d | 10mo 18dMay 2011 - Mar 2012 |
Rate-hike selloffLate 2018 | -22.83%Dec 2018 | 3mo 26d | 10mo 16d | 1y 2moAug 2018 - Nov 2019 |
2025 selloff2025 | -22.58%Apr 2025 | 4mo 13d | 8mo 6d | 1y 14dNov 2024 - Dec 2025 |
Drawdown Indicators
| MDYV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.71% | -56.78% | -3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -9.10% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -18.90% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | -25.43% | +2.85% |
Max Drawdown (10Y)Largest decline over 10 years | -45.90% | -33.92% | -11.98% |
Current DrawdownCurrent decline from peak | -0.81% | -1.80% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -8.60% | -10.71% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.03% | +1.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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