MDY vs. DEUS

Last updated Aug 2, 2026

MDY (SPDR S&P MidCap 400 ETF) and DEUS (Xtrackers Russell US Multifactor ETF) are both Mid Cap Blend Equities funds - MDY tracks the S&P MidCap 400 Index while DEUS tracks the Russell 1000 Comprehensive Factor Index. Both are passively managed. Over the past 10 years, MDY returned 10.79%/yr vs 11.33%/yr for DEUS. Their correlation of 0.90 means they have usually moved in the same direction. MDY charges 0.23%/yr vs 0.17%/yr for DEUS.

Performance

MDY vs. DEUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P MidCap 400 ETF (MDY) and Xtrackers Russell US Multifactor ETF (DEUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDY achieves a 14.33% return, which is significantly lower than DEUS's 15.12% return. Over the past 10 years, MDY has underperformed DEUS with an annualized return of 10.79%, while DEUS has yielded a comparatively higher 11.33% annualized return.

MDY

• 1D: -0.13%
• 1M: -1.06%
• 6M: 9.90%
• YTD: 14.33%
• 1Y: 22.39%
• 3Y*: 12.71%
• 5Y*: 8.19%
• 10Y*: 10.79%
• ALL TIME*: 11.29%

DEUS

• 1D: -0.21%
• 1M: 1.31%
• 6M: 10.90%
• YTD: 15.12%
• 1Y: 21.03%
• 3Y*: 14.88%
• 5Y*: 9.89%
• 10Y*: 11.33%
• ALL TIME*: 11.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DEUS Xtrackers Russell US Multifactor ETF	$618.40K	$852.23K	$985.08K
MDY SPDR S&P MidCap 400 ETF	$420.06M	$401.19M	$471.25M

MDY vs. DEUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDY SPDR S&P MidCap 400 ETF	14.33%	7.19%	13.64%	16.07%	-13.28%	24.53%	13.50%	25.78%	-11.29%	15.93%
DEUS Xtrackers Russell US Multifactor ETF	15.12%	10.41%	14.33%	14.73%	-11.18%	26.31%	8.81%	28.80%	-9.16%	20.20%

Correlation

The correlation between MDY and DEUS is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Nov 24, 2015	0.90

The correlation between MDY and DEUS has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

MDY vs. DEUS - Sectors Allocation Comparison

Sectors	MDY	DEUS
Industrials	21.7%	18.7%
Technology	15.3%	10.5%
Financial Services	14.3%	13.8%
Consumer Cyclical	10.2%	11.1%
Healthcare	10.2%	12.9%
Real Estate	7.6%	5.6%
Basic Materials	6.9%	4.1%
Energy	5.2%	5.2%
Consumer Defensive	3.2%	7.5%
Utilities	2.9%	7.4%
Communication Services	1.5%	3.2%

Return for Risk

MDY vs. DEUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MDY

MDY Risk / Return Rank: 61
MDY Sharpe Ratio Rank: 56
MDY Sortino Ratio Rank: 59
MDY Omega Ratio Rank: 54
MDY Calmar Ratio Rank: 68
MDY Martin Ratio Rank: 69

DEUS

DEUS Risk / Return Rank: 80
DEUS Sharpe Ratio Rank: 78
DEUS Sortino Ratio Rank: 81
DEUS Omega Ratio Rank: 75
DEUS Calmar Ratio Rank: 80
DEUS Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MDY vs. DEUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P MidCap 400 ETF (MDY) and Xtrackers Russell US Multifactor ETF (DEUS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MDY	DEUS	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.79	-0.47
Sortino ratio: Return per unit of downside risk	1.98	2.65	-0.67
Omega ratio: Gain probability vs. loss probability	1.24	1.31	-0.08
Calmar ratio: Return relative to maximum drawdown	2.34	2.92	-0.58
Martin ratio: Return relative to average drawdown	8.48	11.25	-2.77

MDY vs. DEUS - Sharpe Ratio Comparison

The current MDY Sharpe Ratio is 1.32, which is comparable to the DEUS Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of MDY and DEUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MDY vs. DEUS - Drawdown Comparison

The maximum MDY drawdown since its inception was -55.33%, which is greater than DEUS's maximum drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for MDY and DEUS.

Drawdown Indicators

	MDY	DEUS	Difference
Max Drawdown Largest peak-to-trough decline	-55.33%	-40.47%	-14.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-6.83%	-1.99%
Max Drawdown (3Y) Largest decline over 3 years	-24.03%	-16.69%	-7.34%
Max Drawdown (5Y) Largest decline over 5 years	-24.03%	-20.89%	-3.14%
Max Drawdown (10Y) Largest decline over 10 years	-42.22%	-40.47%	-1.75%
Current Drawdown Current decline from peak	-2.42%	-1.53%	-0.89%
Average Drawdown Average peak-to-trough decline	-7.00%	-4.28%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	1.77%	+0.67%

Volatility

MDY vs. DEUS - Volatility Comparison

SPDR S&P MidCap 400 ETF (MDY) has a higher volatility of 3.45% compared to Xtrackers Russell US Multifactor ETF (DEUS) at 3.09%. This indicates that MDY's price experiences larger fluctuations and is considered to be riskier than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDY	DEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	3.09%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	8.23%	+3.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.69%	11.17%	+4.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.69%	15.49%	+4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.14%	17.95%	+3.19%

MDY vs. DEUS - Expense Ratio Comparison

MDY has a 0.23% expense ratio, which is higher than DEUS's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MDY vs. DEUS - Dividend Comparison

MDY's dividend yield for the trailing twelve months is around 1.02%, less than DEUS's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEUS Xtrackers Russell US Multifactor ETF	1.38%	1.59%	1.36%	1.49%	1.74%	1.14%	1.61%	1.65%	1.77%	1.31%	2.75%	0.00%
MDY SPDR S&P MidCap 400 ETF	1.02%	1.15%	1.18%	1.21%	1.37%	0.96%	1.12%	1.34%	1.39%	1.18%	1.31%	1.35%

Frequently Asked Questions

Can I hold both MDY and DEUS in my portfolio?

MDY and DEUS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDY or DEUS?

MDY has higher volatility (3.45%) compared to DEUS (3.09%). In terms of maximum drawdown, MDY dropped -55.33% vs DEUS's -40.47%.

Which ETF is better, MDY or DEUS?

On 10-year performance, DEUS leads with 11.33% vs 10.79% for MDY. On fees, DEUS is cheaper at 0.17% per year. On volatility, DEUS has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MDY or DEUS?

Over the 10-year period, DEUS has performed better with a 11.33% return vs 10.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MDY or DEUS?

DEUS is cheaper with a 0.17% expense ratio, compared with 0.23% for MDY.

Which ETF pays a higher dividend yield, MDY or DEUS?

DEUS has the higher dividend yield at 1.38%, compared with 1.02% for MDY.

What is the main difference between MDY and DEUS?

MDY tracks S&P MidCap 400 Index, while DEUS tracks Russell 1000 Comprehensive Factor Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.23% for MDY and 0.17% for DEUS.

Which has better risk-adjusted returns?

DEUS currently has the higher Sharpe Ratio (1.79 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.