MDYG vs. IMCG
Compare and contrast key facts about SPDR S&P 400 Mid Cap Growth ETF (MDYG) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
MDYG and IMCG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MDYG is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Growth Index. It was launched on Nov 8, 2005. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. Both MDYG and IMCG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MDYG or IMCG.
Performance
MDYG vs. IMCG - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with MDYG having a 22.26% return and IMCG slightly higher at 23.11%. Over the past 10 years, MDYG has underperformed IMCG with an annualized return of 10.29%, while IMCG has yielded a comparatively higher 12.26% annualized return.
MDYG
22.26%
4.45%
8.68%
31.82%
11.93%
10.29%
IMCG
23.11%
6.52%
15.64%
34.18%
13.88%
12.26%
Key characteristics
| MDYG | IMCG | |
|---|---|---|
| Sharpe Ratio | 1.99 | 2.44 |
| Sortino Ratio | 2.76 | 3.33 |
| Omega Ratio | 1.33 | 1.41 |
| Calmar Ratio | 2.18 | 1.64 |
| Martin Ratio | 10.55 | 12.70 |
| Ulcer Index | 3.09% | 2.73% |
| Daily Std Dev | 16.39% | 14.20% |
| Max Drawdown | -59.09% | -58.96% |
| Current Drawdown | -1.29% | 0.00% |
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MDYG vs. IMCG - Expense Ratio Comparison
MDYG has a 0.15% expense ratio, which is higher than IMCG's 0.06% 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%.
Correlation
The correlation between MDYG and IMCG 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.
Risk-Adjusted Performance
MDYG vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 Mid Cap Growth ETF (MDYG) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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
MDYG vs. IMCG - Dividend Comparison
MDYG's dividend yield for the trailing twelve months is around 0.90%, more than IMCG's 0.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDYG SPDR S&P 400 Mid Cap Growth ETF | 0.90% | 1.19% | 1.16% | 0.69% | 0.71% | 1.21% | 1.36% | 2.23% | 1.25% | 2.48% | 1.60% | 0.82% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.76% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
MDYG vs. IMCG - Drawdown Comparison
The maximum MDYG drawdown since its inception was -59.09%, roughly equal to the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for MDYG and IMCG. For additional features, visit the drawdowns tool.
Volatility
MDYG vs. IMCG - Volatility Comparison
SPDR S&P 400 Mid Cap Growth ETF (MDYG) has a higher volatility of 5.30% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.59%. This indicates that MDYG's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.