EZM vs. SPMD
Compare and contrast key facts about WisdomTree U.S. MidCap Fund (EZM) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD).
EZM and SPMD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EZM is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S Mid Cap Index. It was launched on Feb 23, 2007. 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. Both EZM and SPMD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EZM or SPMD.
Key characteristics
| EZM | SPMD | |
|---|---|---|
| YTD Return | 12.24% | 16.15% |
| 1Y Return | 27.88% | 29.12% |
| 3Y Return (Ann) | 7.16% | 6.83% |
| 5Y Return (Ann) | 11.81% | 12.31% |
| 10Y Return (Ann) | 10.13% | 10.57% |
| Sharpe Ratio | 1.63 | 1.87 |
| Sortino Ratio | 2.33 | 2.62 |
| Omega Ratio | 1.28 | 1.32 |
| Calmar Ratio | 1.90 | 1.75 |
| Martin Ratio | 8.49 | 10.34 |
| Ulcer Index | 3.49% | 2.97% |
| Daily Std Dev | 18.18% | 16.38% |
| Max Drawdown | -59.58% | -57.62% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between EZM and SPMD is 0.90, 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.
Performance
EZM vs. SPMD - Performance Comparison
In the year-to-date period, EZM achieves a 12.24% return, which is significantly lower than SPMD's 16.15% return. Both investments have delivered pretty close results over the past 10 years, with EZM having a 10.13% annualized return and SPMD not far ahead at 10.57%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EZM vs. SPMD - Expense Ratio Comparison
EZM has a 0.38% expense ratio, which is higher than SPMD's 0.05% expense ratio.
Risk-Adjusted Performance
EZM vs. SPMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Fund (EZM) 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.
Dividends
EZM vs. SPMD - Dividend Comparison
EZM's dividend yield for the trailing twelve months is around 1.21%, less than SPMD's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZM WisdomTree U.S. MidCap Fund | 1.21% | 1.25% | 1.57% | 1.08% | 1.67% | 1.34% | 1.57% | 1.14% | 1.55% | 1.30% | 1.16% | 0.99% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.35% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% | 10.67% |
Drawdowns
EZM vs. SPMD - Drawdown Comparison
The maximum EZM drawdown since its inception was -59.58%, roughly equal to the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for EZM and SPMD. For additional features, visit the drawdowns tool.
Volatility
EZM vs. SPMD - Volatility Comparison
WisdomTree U.S. MidCap Fund (EZM) has a higher volatility of 3.87% compared to SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) at 3.47%. This indicates that EZM's price experiences larger fluctuations and is considered to be riskier than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.