- ISIN
- US78464A8475
- CUSIP
- 78464A847
- Issuer
- State Street
- Inception Date
- Nov 8, 2005
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P MidCap 400 Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $18B
Share Price Chart
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Performance
SPMD Performance Chart
SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is up 15.8% since the beginning of the year. SPMD is currently trading at $67 per share. Investors who bought $1,000 worth of SPMD shares 5 years ago would now be looking at an investment worth $1,533.
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Returns By Period
SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has returned 15.83% so far this year and 27.54% over the past 12 months. Over the last ten years, SPMD has returned 11.98% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
SPDR Portfolio S&P 400 Mid Cap ETF
- 1D
- 0.44%
- 1M
- 3.74%
- YTD
- 15.83%
- 6M
- 13.38%
- 1Y
- 27.54%
- 3Y*
- 16.54%
- 5Y*
- 8.92%
- 10Y*
- 11.98%
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%
SPMD Monthly Returns History
Based on dividend-adjusted daily data since Nov 15, 2005, SPMD's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 63% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +16.7%, while the worst month was Oct 2008 at -20.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SPMD closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.6%, while the worst single day was Mar 16, 2020 at -14.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.04% | 4.12% | -5.29% | 7.75% | 2.51% | 2.22% | 15.83% | ||||||
| 2025 | 3.71% | -4.21% | -5.47% | -2.42% | 5.51% | 3.62% | 1.60% | 3.37% | 0.48% | -0.49% | 2.11% | 0.03% | 7.44% |
| 2024 | -1.72% | 5.76% | 5.67% | -5.96% | 4.43% | -1.67% | 5.89% | -0.17% | 1.20% | -0.73% | 8.95% | -7.17% | 13.91% |
| 2023 | 9.29% | -1.85% | -3.25% | -0.75% | -3.14% | 9.11% | 4.16% | -2.97% | -5.21% | -5.30% | 8.51% | 8.69% | 16.48% |
| 2022 | -7.22% | 1.08% | 1.40% | -7.15% | 0.80% | -9.65% | 10.91% | -3.11% | -9.16% | 10.45% | 6.15% | -5.62% | -13.13% |
| 2021 | 1.53% | 6.68% | 4.86% | 4.41% | 0.19% | -1.03% | 0.32% | 1.98% | -3.97% | 5.87% | -2.95% | 5.10% | 24.76% |
Benchmark Metrics
SPDR Portfolio S&P 400 Mid Cap ETF has an annualized alpha of 1.39%, beta of 0.99, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since November 15, 2005.
- This ETF captured 110.75% of S&P 500 Index gains and 106.97% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 0.99 and R2 of 0.76, 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
- 1.39%
- Beta
- 0.99
- R²
- 0.76
- Upside Capture
- 110.75%
- Downside Capture
- 106.97%
Expense Ratio
SPMD has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
SPMD ranks 57 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 Portfolio S&P 400 Mid Cap ETF (SPMD) 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.
| SPMD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 2.78 | +0.34 |
| Martin ratioReturn relative to average drawdown | 11.45 | 12.44 | -0.99 |
Dividends
Dividend History
SPDR Portfolio S&P 400 Mid Cap ETF provided a 1.53% dividend yield over the last twelve months, with an annual payout of $1.02 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 | $1.02 | $0.80 | $0.78 | $0.72 | $0.70 | $0.62 | $0.53 | $0.57 | $0.55 | $0.66 | $0.63 | $1.36 |
Dividend yield | 1.53% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Portfolio S&P 400 Mid Cap 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 | $0.18 | $0.00 | $0.00 | $0.21 | $0.40 | ||||||
| 2025 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.22 | $0.80 |
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.21 | $0.78 |
| 2023 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.72 |
| 2022 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.17 | $0.70 |
| 2021 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.11 | $0.62 |
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 Portfolio S&P 400 Mid Cap 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 Portfolio S&P 400 Mid Cap ETF was 57.62%, occurring on Mar 9, 2009. Recovery took 446 trading sessions.
The current SPDR Portfolio S&P 400 Mid Cap ETF drawdown is 0.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -57.62%Mar 2009 | 1y 7mo | 1y 9mo | 3y 4moJul 2007 - Dec 2010 |
COVID crash2020 | -41.86%Mar 2020 | 1mo 1d | 7mo 21d | 8mo 22dFeb 2020 - Nov 2020 |
2011 bear market2011 | -27.47%Oct 2011 | 5mo 5d | 5mo 13d | 10mo 18dMay 2011 - Mar 2012 |
2016 bear market2016 | -25.00%Feb 2016 | 7mo 23d | 9mo 7d | 1y 4moJun 2015 - Nov 2016 |
Rate-hike selloffLate 2018 | -24.32%Dec 2018 | 3mo 26d | 12mo | 1y 3moAug 2018 - Dec 2019 |
Drawdown Indicators
| SPMD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.62% | -56.78% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -9.10% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -24.08% | -18.90% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -24.08% | -25.43% | +1.35% |
Max Drawdown (10Y)Largest decline over 10 years | -41.86% | -33.92% | -7.94% |
Current DrawdownCurrent decline from peak | -0.11% | -1.80% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -10.71% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.03% | +0.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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