MDPIX vs. SPY
Compare and contrast key facts about ProFunds Mid Cap Fund (MDPIX) and SPDR S&P 500 ETF (SPY).
MDPIX is managed by ProFunds. It was launched on Sep 3, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MDPIX or SPY.
Key characteristics
| MDPIX | SPY | |
|---|---|---|
| YTD Return | 8.13% | 11.58% |
| 1Y Return | 22.21% | 29.17% |
| 3Y Return (Ann) | 3.07% | 9.98% |
| 5Y Return (Ann) | 9.28% | 14.95% |
| 10Y Return (Ann) | 7.92% | 12.88% |
| Sharpe Ratio | 1.54 | 2.67 |
| Daily Std Dev | 15.78% | 11.53% |
| Max Drawdown | -57.32% | -55.19% |
| Current Drawdown | -1.15% | -0.21% |
Correlation
The correlation between MDPIX and SPY is 0.89, 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
MDPIX vs. SPY - Performance Comparison
In the year-to-date period, MDPIX achieves a 8.13% return, which is significantly lower than SPY's 11.58% return. Over the past 10 years, MDPIX has underperformed SPY with an annualized return of 7.92%, while SPY has yielded a comparatively higher 12.88% annualized return. 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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MDPIX vs. SPY - Expense Ratio Comparison
MDPIX has a 1.82% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MDPIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Mid Cap Fund (MDPIX) and SPDR S&P 500 ETF (SPY). 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
MDPIX vs. SPY - Dividend Comparison
MDPIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDPIX ProFunds Mid Cap Fund | 0.00% | 0.00% | 0.00% | 2.17% | 0.24% | 5.00% | 3.00% | 7.60% | 0.00% | 0.05% | 0.91% | 1.62% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MDPIX vs. SPY - Drawdown Comparison
The maximum MDPIX drawdown since its inception was -57.32%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MDPIX and SPY. For additional features, visit the drawdowns tool.
Volatility
MDPIX vs. SPY - Volatility Comparison
ProFunds Mid Cap Fund (MDPIX) has a higher volatility of 3.57% compared to SPDR S&P 500 ETF (SPY) at 3.40%. This indicates that MDPIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.