MARFX vs. SPMD
Compare and contrast key facts about BlackRock Mid-Cap Value Fund (MARFX) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD).
MARFX is managed by BlackRock. It was launched on Feb 1, 1995. 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
MARFX vs. SPMD - Performance Comparison
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MARFX vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MARFX BlackRock Mid-Cap Value Fund | -3.99% | 13.68% | 6.71% | 12.58% | -4.06% | 26.43% | 7.21% | 29.57% | -9.55% | 8.79% |
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, MARFX achieves a -3.99% return, which is significantly lower than SPMD's 2.59% return. Over the past 10 years, MARFX has underperformed SPMD with an annualized return of 9.89%, while SPMD has yielded a comparatively higher 10.73% annualized return.
MARFX
- 1D
- -0.14%
- 1M
- -8.82%
- YTD
- -3.99%
- 6M
- -1.58%
- 1Y
- 9.73%
- 3Y*
- 8.67%
- 5Y*
- 6.57%
- 10Y*
- 9.89%
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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MARFX vs. SPMD - Expense Ratio Comparison
MARFX has a 0.74% expense ratio, which is higher than SPMD's 0.05% expense ratio.
Return for Risk
MARFX vs. SPMD — Risk / Return Rank
MARFX
SPMD
MARFX vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Mid-Cap Value Fund (MARFX) 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.
| MARFX | SPMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 0.83 | -0.22 |
Sortino ratioReturn per unit of downside risk | 0.96 | 1.30 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.25 | -0.56 |
Martin ratioReturn relative to average drawdown | 2.94 | 5.41 | -2.47 |
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
| MARFX | SPMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.83 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.34 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.51 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.43 | +0.02 |
Correlation
The correlation between MARFX and SPMD is 0.88, 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
MARFX vs. SPMD - Dividend Comparison
MARFX's dividend yield for the trailing twelve months is around 11.80%, more than SPMD's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MARFX BlackRock Mid-Cap Value Fund | 11.80% | 11.33% | 7.46% | 3.70% | 4.50% | 11.16% | 2.13% | 3.95% | 8.41% | 22.19% | 5.43% | 15.72% |
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
MARFX vs. SPMD - Drawdown Comparison
The maximum MARFX drawdown since its inception was -55.39%, roughly equal to the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for MARFX and SPMD.
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Drawdown Indicators
| MARFX | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.39% | -57.62% | +2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -14.12% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -20.07% | -24.08% | +4.01% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -41.86% | -0.23% |
Current DrawdownCurrent decline from peak | -9.50% | -6.13% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -8.18% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.27% | -0.26% |
Volatility
MARFX vs. SPMD - Volatility Comparison
The current volatility for BlackRock Mid-Cap Value Fund (MARFX) is 4.17%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 6.56%. This indicates that MARFX 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
| MARFX | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 6.56% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 11.95% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.27% | 21.11% | -3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 19.71% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.00% | 21.18% | -2.18% |