APSGX vs. SPMD
Compare and contrast key facts about Fiera Capital Small/Mid-Cap Growth Fund (APSGX) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD).
APSGX is managed by Fiera Capital. It was launched on Jun 29, 2012. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005.
Performance
APSGX vs. SPMD - Performance Comparison
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APSGX vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APSGX Fiera Capital Small/Mid-Cap Growth Fund | -10.05% | 5.74% | 4.69% | 26.12% | -23.71% | 17.09% | 44.67% | 31.20% | -10.38% | 26.60% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 2.59% | 7.44% | 13.91% | 16.48% | -13.13% | 24.76% | 13.46% | 25.19% | -10.34% | 15.12% |
Returns By Period
In the year-to-date period, APSGX achieves a -10.05% return, which is significantly lower than SPMD's 2.59% return. Over the past 10 years, APSGX has underperformed SPMD with an annualized return of 10.02%, while SPMD has yielded a comparatively higher 10.73% annualized return.
APSGX
- 1D
- -1.00%
- 1M
- -7.75%
- YTD
- -10.05%
- 6M
- -6.97%
- 1Y
- 6.68%
- 3Y*
- 6.17%
- 5Y*
- 1.08%
- 10Y*
- 10.02%
SPMD
- 1D
- 2.99%
- 1M
- -5.29%
- YTD
- 2.59%
- 6M
- 4.27%
- 1Y
- 17.37%
- 3Y*
- 12.11%
- 5Y*
- 6.60%
- 10Y*
- 10.73%
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APSGX vs. SPMD - Expense Ratio Comparison
APSGX has a 1.05% expense ratio, which is higher than SPMD's 0.05% expense ratio.
Return for Risk
APSGX vs. SPMD — Risk / Return Rank
APSGX
SPMD
APSGX vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fiera Capital Small/Mid-Cap Growth Fund (APSGX) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| APSGX | SPMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 0.83 | -0.57 |
Sortino ratioReturn per unit of downside risk | 0.54 | 1.30 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.18 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.25 | -1.06 |
Martin ratioReturn relative to average drawdown | 0.66 | 5.41 | -4.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APSGX | SPMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.83 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.34 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.51 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.43 | +0.07 |
Correlation
The correlation between APSGX and SPMD is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
APSGX vs. SPMD - Dividend Comparison
APSGX's dividend yield for the trailing twelve months is around 2.70%, more than SPMD's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APSGX Fiera Capital Small/Mid-Cap Growth Fund | 2.70% | 2.43% | 2.91% | 2.48% | 16.83% | 11.57% | 21.15% | 11.48% | 28.25% | 0.00% | 0.28% | 1.03% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.37% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Drawdowns
APSGX vs. SPMD - Drawdown Comparison
The maximum APSGX drawdown since its inception was -35.77%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for APSGX and SPMD.
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Drawdown Indicators
| APSGX | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.77% | -57.62% | +21.85% |
Max Drawdown (1Y)Largest decline over 1 year | -13.60% | -14.12% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -33.52% | -24.08% | -9.44% |
Max Drawdown (10Y)Largest decline over 10 years | -35.77% | -41.86% | +6.09% |
Current DrawdownCurrent decline from peak | -13.30% | -6.13% | -7.17% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -8.18% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 3.27% | +0.93% |
Volatility
APSGX vs. SPMD - Volatility Comparison
The current volatility for Fiera Capital Small/Mid-Cap Growth Fund (APSGX) is 6.15%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 6.56%. This indicates that APSGX experiences smaller price fluctuations and is considered to be less risky than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APSGX | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 6.56% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 11.95% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 21.11% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 19.71% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.51% | 21.18% | +1.33% |