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. Their 0.71 correlation means they have sometimes moved together and sometimes differently. MDYG charges 0.15%/yr vs 0.75%/yr for BCSM.
Performance
MDYG vs. BCSM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MDYG achieves a 15.86% return, which is significantly higher than BCSM's -0.54% return.
MDYG
- 1D
- -0.08%
- 1M
- -2.79%
- 6M
- 11.45%
- YTD
- 15.86%
- 1Y
- 22.86%
- 3Y*
- 13.90%
- 5Y*
- 7.45%
- 10Y*
- 10.93%
- ALL TIME*
- 10.28%
BCSM
- 1D
- 0.84%
- 1M
- -4.71%
- 6M
- 1.30%
- YTD
- -0.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $250.36K | $184.12K | $160.54K | |
| $9.81M | $8.69M | $9.37M |
MDYG vs. BCSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MDYG SPDR S&P 400 Mid Cap Growth ETF | 15.86% | -1.08% |
BCSM Baron SMID Cap ETF | -0.54% | -2.70% |
Correlation
The correlation between MDYG and BCSM is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025 | 0.71 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | — | — |
| Martin ratioReturn relative to average drawdown | 7.90 | — | — |
Loading charts...
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.
Loading charts...
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 | -4.72% | -5.58% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -6.69% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | — | — |
Volatility
MDYG vs. BCSM - Volatility Comparison
Loading charts...
Volatility by Period
| MDYG | BCSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 19.77% | -1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 19.77% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 19.77% | +1.31% |
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 0.59%, 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 | 0.59% | 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 0.71, 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 0.59%, 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.
Find the right allocation for MDYG and BCSM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer