IJH vs. MDY
Compare and contrast key facts about iShares Core S&P Mid-Cap ETF (IJH) and SPDR S&P MidCap 400 ETF (MDY).
IJH and MDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJH is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400 Index. It was launched on May 22, 2000. MDY is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on May 4, 1995. Both IJH and MDY 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: IJH or MDY.
Correlation
The correlation between IJH and MDY is 0.99, 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
IJH vs. MDY - Performance Comparison
Key characteristics
IJH:
0.93
MDY:
0.90
IJH:
1.38
MDY:
1.34
IJH:
1.17
MDY:
1.16
IJH:
1.84
MDY:
1.78
IJH:
5.22
MDY:
5.03
IJH:
2.87%
MDY:
2.89%
IJH:
16.08%
MDY:
16.11%
IJH:
-55.06%
MDY:
-55.33%
IJH:
-8.11%
MDY:
-8.20%
Returns By Period
The year-to-date returns for both stocks are quite close, with IJH having a 13.56% return and MDY slightly lower at 13.16%. Both investments have delivered pretty close results over the past 10 years, with IJH having a 9.63% annualized return and MDY not far behind at 9.40%.
IJH
13.56%
-3.00%
7.09%
13.46%
10.25%
9.63%
MDY
13.16%
-3.12%
6.78%
13.07%
10.02%
9.40%
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IJH vs. MDY - Expense Ratio Comparison
IJH has a 0.06% expense ratio, which is lower than MDY's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IJH vs. MDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) and SPDR S&P MidCap 400 ETF (MDY). 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
IJH vs. MDY - Dividend Comparison
IJH's dividend yield for the trailing twelve months is around 1.72%, more than MDY's 0.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJH iShares Core S&P Mid-Cap ETF | 1.72% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% | 1.34% | 1.29% |
MDY SPDR S&P MidCap 400 ETF | 0.82% | 1.21% | 1.37% | 0.96% | 1.12% | 1.34% | 1.39% | 1.18% | 1.31% | 1.35% | 1.17% | 1.07% |
Drawdowns
IJH vs. MDY - Drawdown Comparison
The maximum IJH drawdown since its inception was -55.06%, roughly equal to the maximum MDY drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for IJH and MDY. For additional features, visit the drawdowns tool.
Volatility
IJH vs. MDY - Volatility Comparison
iShares Core S&P Mid-Cap ETF (IJH) and SPDR S&P MidCap 400 ETF (MDY) have volatilities of 5.31% and 5.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.