MDYG vs. BCSM
MDYG (SPDR S&P 400 Mid Cap Growth ETF) and BCSM (Baron SMID Cap ETF) are both Mid Cap Growth Equities funds. MDYG is passively managed, while BCSM is actively managed. A 0.75 correlation means they provide meaningful diversification when combined. MDYG charges 0.15%/yr vs 0.75%/yr for BCSM.
Performance
MDYG vs. BCSM - Performance Comparison
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Returns By Period
In the year-to-date period, MDYG achieves a 20.44% return, which is significantly higher than BCSM's -1.36% return.
MDYG
- 1D
- 0.58%
- 1M
- 4.15%
- YTD
- 20.44%
- 6M
- 17.53%
- 1Y
- 32.56%
- 3Y*
- 18.32%
- 5Y*
- 8.79%
- 10Y*
- 12.05%
BCSM
- 1D
- -0.50%
- 1M
- 2.30%
- YTD
- -1.36%
- 6M
- -3.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MDYG vs. BCSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MDYG SPDR S&P 400 Mid Cap Growth ETF | 20.44% | -1.08% |
BCSM Baron SMID Cap ETF | -1.36% | -2.70% |
Correlation
The correlation between MDYG and BCSM is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025 | 0.75 |
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Return for Risk
MDYG vs. BCSM — Risk / Return Rank
MDYG
BCSM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MDYG vs. BCSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 Mid Cap Growth ETF (MDYG) and Baron SMID Cap ETF (BCSM). 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.
| MDYG | BCSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | — | — |
| Martin ratioReturn relative to average drawdown | 13.10 | — | — |
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Drawdowns
MDYG vs. BCSM - Drawdown Comparison
The maximum MDYG drawdown since its inception was -58.44%, which is greater than BCSM's maximum drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for MDYG and BCSM.
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Drawdown Indicators
| MDYG | BCSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.44% | -17.45% | -40.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -25.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.27% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.76% | +5.76% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -7.23% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | — | — |
Volatility
MDYG vs. BCSM - Volatility Comparison
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Volatility by Period
| MDYG | BCSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 20.56% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.70% | 20.56% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 20.56% | +0.54% |
MDYG vs. BCSM - Expense Ratio Comparison
MDYG has a 0.15% expense ratio, which is lower than BCSM's 0.75% expense ratio.
Dividends
MDYG vs. BCSM - Dividend Comparison
MDYG's dividend yield for the trailing twelve months is around 0.74%, while BCSM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCSM Baron SMID Cap 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% |
MDYG SPDR S&P 400 Mid Cap Growth ETF | 0.74% | 0.75% | 0.87% | 1.20% | 1.16% | 0.69% | 0.71% | 1.21% | 1.36% | 2.23% | 1.25% | 2.51% |
Frequently Asked Questions
MDYG and BCSM have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MDYG is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MDYG is cheaper with a 0.15% expense ratio, compared with 0.75% for BCSM.
MDYG has the higher dividend yield at 0.74%, compared with 0.00% for BCSM.
They also come from different issuers: State Street and Baron Capital. Their fees differ too: 0.15% for MDYG and 0.75% for BCSM.
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