PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MDY vs. SPY4.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

MDY vs. SPY4.DE

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P MidCap 400 ETF (MDY) and SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE).

MDY and SPY4.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPY4.DE is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400. It was launched on Jan 30, 2012. Both MDY and SPY4.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MDY vs. SPY4.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P MidCap 400 ETF (MDY) and SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

MDY vs. SPY4.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MDY
SPDR S&P MidCap 400 ETF		3.32%7.19%13.64%16.07%-13.28%24.53%13.50%25.78%-11.29%15.93%
SPY4.DE
SPDR S&P 400 US Mid Cap UCITS ETF		2.32%8.79%11.89%16.81%-13.84%24.89%12.36%26.46%-13.05%16.04%
Different Trading Currencies

MDY is traded in USD, while SPY4.DE is traded in EUR. To make them comparable, the SPY4.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MDY achieves a 3.32% return, which is significantly higher than SPY4.DE's 2.32% return. Both investments have delivered pretty close results over the past 10 years, with MDY having a 10.34% annualized return and SPY4.DE not far behind at 10.09%.

MDY

1D
0.82%
1M
-5.32%
YTD
3.32%
6M
4.62%
1Y
17.32%
3Y*
12.06%
5Y*
6.51%
10Y*
10.34%

SPY4.DE

1D
2.48%
1M
-4.15%
YTD
2.32%
6M
5.05%
1Y
17.80%
3Y*
12.12%
5Y*
6.37%
10Y*
10.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P MidCap 400 ETF

SPDR S&P 400 US Mid Cap UCITS ETF

Often compared with MDY:
MDY vs. SPYMDY vs. IJHMDY vs. SPMDMDY vs. IWMMDY vs. VOOMDY vs. VOMDY vs. XMVM
Often compared with SPY4.DE:
SPY4.DE vs. SPYSPY4.DE vs. CSPX.LSPY4.DE vs. VOOSPY4.DE vs. ^GSPCSPY4.DE vs. IJHSPY4.DE vs. URTHSPY4.DE vs. VUAG.L

MDY vs. SPY4.DE - Expense Ratio Comparison

MDY has a 0.23% expense ratio, which is lower than SPY4.DE's 0.30% expense ratio.

SPY4.DE
SPDR S&P 400 US Mid Cap UCITS ETF
MDY
SPDR S&P MidCap 400 ETF

Return for Risk

MDY vs. SPY4.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MDY
MDY Risk / Return Rank: 4646
Overall Rank
MDY Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
MDY Sortino Ratio Rank: 4545
Sortino Ratio Rank
MDY Omega Ratio Rank: 4444
Omega Ratio Rank
MDY Calmar Ratio Rank: 4747
Calmar Ratio Rank
MDY Martin Ratio Rank: 5454
Martin Ratio Rank
SPY4.DE
SPY4.DE Risk / Return Rank: 2929
Overall Rank
SPY4.DE Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
SPY4.DE Sortino Ratio Rank: 2525
Sortino Ratio Rank
SPY4.DE Omega Ratio Rank: 2525
Omega Ratio Rank
SPY4.DE Calmar Ratio Rank: 3535
Calmar Ratio Rank
SPY4.DE Martin Ratio Rank: 3535
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDY vs. SPY4.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P MidCap 400 ETF (MDY) and SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE). 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.

MDYSPY4.DEDifference

Sharpe ratio

Return per unit of total volatility

0.82

0.89

-0.06

Sortino ratio

Return per unit of downside risk

1.30

1.33

-0.03

Omega ratio

Gain probability vs. loss probability

1.18

1.18

0.00

Calmar ratio

Return relative to maximum drawdown

1.28

1.60

-0.32

Martin ratio

Return relative to average drawdown

5.46

6.57

-1.10

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDY vs. SPY4.DE - Sharpe Ratio Comparison

The current MDY Sharpe Ratio is 0.82, which is comparable to the SPY4.DE Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of MDY and SPY4.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

MDYSPY4.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.82

0.89

-0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

0.33

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.50

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.56

-0.05

Correlation

The correlation between MDY and SPY4.DE is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MDY vs. SPY4.DE - Dividend Comparison

MDY's dividend yield for the trailing twelve months is around 1.15%, while SPY4.DE has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
MDY
SPDR S&P MidCap 400 ETF		1.15%1.15%1.18%1.21%1.37%0.96%1.12%1.34%1.39%1.18%1.31%1.35%
SPY4.DE
SPDR S&P 400 US Mid Cap UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

MDY vs. SPY4.DE - Drawdown Comparison

The maximum MDY drawdown since its inception was -55.33%, which is greater than SPY4.DE's maximum drawdown of -43.13%. Use the drawdown chart below to compare losses from any high point for MDY and SPY4.DE.

Loading graphics...

Drawdown Indicators

MDYSPY4.DEDifference

Max Drawdown

Largest peak-to-trough decline

-55.33%

-42.72%

-12.61%

Max Drawdown (1Y)

Largest decline over 1 year

-14.07%

-15.98%

+1.91%

Max Drawdown (5Y)

Largest decline over 5 years

-24.03%

-29.11%

+5.08%

Max Drawdown (10Y)

Largest decline over 10 years

-42.22%

-42.72%

+0.50%

Current Drawdown

Current decline from peak

-5.36%

-7.91%

+2.55%

Average Drawdown

Average peak-to-trough decline

-7.06%

-5.91%

-1.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.29%

2.67%

+0.62%

Volatility

MDY vs. SPY4.DE - Volatility Comparison

SPDR S&P MidCap 400 ETF (MDY) has a higher volatility of 6.42% compared to SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) at 5.57%. This indicates that MDY's price experiences larger fluctuations and is considered to be riskier than SPY4.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

MDYSPY4.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.42%

5.57%

+0.85%

Volatility (6M)

Calculated over the trailing 6-month period

11.89%

10.61%

+1.28%

Volatility (1Y)

Calculated over the trailing 1-year period

21.11%

19.97%

+1.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.78%

19.37%

+0.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.17%

19.98%

+1.19%