SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) 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 SPMD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPMD
SPMD charges 0.03% annually. No ETFs in the Mid Cap Blend Equities category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Mid-Cap ETF | 0.03% | 218.80B | Jan 2004 | SPMD vs VO | |
| Schwab US Mid-Cap ETF | 0.04% | 14.91B | Jan 2011 | SPMD vs SCHM | |
| iShares Morningstar Mid-Cap ETF | 0.04% | 1.64B | Jun 2004 | SPMD vs IMCB | |
| Vanguard Extended Market ETF | 0.05% | 93.70B | Dec 2001 | SPMD vs VXF | |
| iShares Core S&P Mid-Cap ETF | 0.05% | 122.37B | May 2000 | SPMD vs IJH |
Best Risk-Adjusted Alternatives to SPMD
SPMD has a PortfoliosLab risk / return rank of 49. There are 40 ETFs in the Mid Cap Blend Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Castellan Targeted Equity ETF | 94 | — | Jun 2025 | SPMD vs CTEF | |
| Invesco S&P Spin-Off ETF | 90 | 226.12M | Dec 2006 | SPMD vs CSD | |
| Optimize Strategy Index ETF | 90 | 239.89M | Apr 2024 | SPMD vs OPTZ | |
| Counterpoint Quantitative Equity ETF | 87 | 366.29M | Nov 2023 | SPMD vs CPAI | |
| iShares MSCI Peru ETF | 83 | 536.81M | Jun 2009 | SPMD vs EPU |
Top Performing SPMD Alternatives (YTD)
SPMD is at 15.20% YTD. There are 32 ETFs in the Mid Cap Blend Equities category with higher YTD returns, going as high as 40.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Spin-Off ETF | 40.12% | 226.12M | Dec 2006 | SPMD vs CSD | |
| Castellan Targeted Equity ETF | 37.77% | — | Jun 2025 | SPMD vs CTEF | |
| Optimize Strategy Index ETF | 31.67% | 239.89M | Apr 2024 | SPMD vs OPTZ | |
| Counterpoint Quantitative Equity ETF | 28.00% | 366.29M | Nov 2023 | SPMD vs CPAI | |
| Vanguard U.S. Momentum Factor ETF | 23.90% | 1.70B | Feb 2018 | SPMD vs VFMO |
Lowest Volatility Alternatives to SPMD
SPMD has 15.89% 1-year volatility. There are 50 ETFs in the Mid Cap Blend Equities category with lower 1-year volatility, going as low as 8.78%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard U.S. Minimum Volatility ETF | 8.78% | 426.50M | Feb 2018 | SPMD vs VFMV | |
| Invesco Bloomberg MVP Multi-factor ETF | 9.77% | 101.68M | May 2003 | SPMD vs BMVP | |
| Invesco Dynamic Market ETF | 9.77% | 95.10M | May 2003 | SPMD vs PWC | |
| ETC 6 Meridian Low Beta Equity Strategy ETF | 10.23% | 185.97M | May 2020 | SPMD vs SIXL | |
| Indexperts Quality Earnings Focused ETF | 11.02% | 34.97M | Dec 2024 | SPMD vs QIDX |
Lowest Drawdown Alternatives to SPMD
SPMD has a 1-year max drawdown of -8.86%. There are 34 ETFs in the Mid Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard U.S. Minimum Volatility ETF | -6.00% | 426.50M | Feb 2018 | SPMD vs VFMV | |
| RiverNorth Patriot ETF | -6.25% | 3.97M | Feb 2022 | SPMD vs FLDZ | |
| SRH U.S. Quality ETF | -6.31% | 170.62M | Oct 2022 | SPMD vs SRHQ | |
| Invesco Bloomberg MVP Multi-factor ETF | -6.45% | 101.68M | May 2003 | SPMD vs BMVP | |
| Invesco Dynamic Market ETF | -6.45% | 95.10M | May 2003 | SPMD vs PWC |
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 $783B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 67 | 11.30% | 783.21B | Jan 1993 | SPMD vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 26 | -4.87% | 132.10B | Nov 2004 | SPMD vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 68 | 29.35% | 120.59B | Dec 1998 | SPMD vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 51 | 12.75% | 52.75B | Sep 2000 | SPMD vs SPYG | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 48 | 14.21% | 7.40B | Oct 2015 | SPMD vs SPYD | |
| State Street Energy Select Sector SPDR ETF | Energy Equities | 45 | 24.89% | 36.33B | Dec 1998 | SPMD vs XLE | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 68 | 11.34% | 158.31B | Nov 2005 | SPMD vs SPYM | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 26 | -4.78% | 27.70B | Jun 2018 | SPMD vs GLDM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 29 | 7.80% | 23.51B | Dec 1998 | SPMD vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 1.88% | 46.75B | May 2007 | SPMD vs BIL |
Often Compared With SPMD
Investors most often compare SPMD with MDY, IWR, SWMCX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare SPMD with Any Fund or Stock
Compare SPMD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPMD with funds that move differently
SPDR Portfolio S&P 400 Mid Cap ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPMD.
Explore SPMD Diversifiers