MDYG vs. IVW
Compare and contrast key facts about SPDR S&P 400 Mid Cap Growth ETF (MDYG) and iShares S&P 500 Growth ETF (IVW).
MDYG and IVW 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. IVW is a passively managed fund by iShares that tracks the performance of the S&P 500/Citigroup Growth Index. It was launched on May 22, 2000. Both MDYG and IVW 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 IVW.
Performance
MDYG vs. IVW - Performance Comparison
Returns By Period
In the year-to-date period, MDYG achieves a 20.32% return, which is significantly lower than IVW's 32.99% return. Over the past 10 years, MDYG has underperformed IVW with an annualized return of 10.18%, while IVW has yielded a comparatively higher 14.85% annualized return.
MDYG
20.32%
1.83%
5.87%
30.51%
11.58%
10.18%
IVW
32.99%
1.66%
14.82%
37.99%
17.43%
14.85%
Key characteristics
| MDYG | IVW | |
|---|---|---|
| Sharpe Ratio | 1.84 | 2.23 |
| Sortino Ratio | 2.57 | 2.92 |
| Omega Ratio | 1.31 | 1.41 |
| Calmar Ratio | 2.01 | 2.81 |
| Martin Ratio | 9.72 | 11.78 |
| Ulcer Index | 3.09% | 3.21% |
| Daily Std Dev | 16.33% | 16.98% |
| Max Drawdown | -59.09% | -57.35% |
| Current Drawdown | -2.86% | -1.58% |
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MDYG vs. IVW - Expense Ratio Comparison
MDYG has a 0.15% expense ratio, which is lower than IVW's 0.18% expense ratio. Despite the difference, 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 IVW is 0.81, 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. IVW - 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 S&P 500 Growth ETF (IVW). 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. IVW - Dividend Comparison
MDYG's dividend yield for the trailing twelve months is around 0.92%, more than IVW's 0.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDYG SPDR S&P 400 Mid Cap Growth ETF | 0.92% | 1.19% | 1.16% | 0.69% | 0.71% | 1.21% | 1.36% | 2.23% | 1.25% | 2.48% | 1.60% | 0.82% |
IVW iShares S&P 500 Growth ETF | 0.52% | 1.03% | 0.89% | 0.46% | 0.82% | 1.63% | 1.28% | 1.30% | 1.51% | 1.51% | 1.37% | 1.45% |
Drawdowns
MDYG vs. IVW - Drawdown Comparison
The maximum MDYG drawdown since its inception was -59.09%, roughly equal to the maximum IVW drawdown of -57.35%. Use the drawdown chart below to compare losses from any high point for MDYG and IVW. For additional features, visit the drawdowns tool.
Volatility
MDYG vs. IVW - Volatility Comparison
The current volatility for SPDR S&P 400 Mid Cap Growth ETF (MDYG) is 5.18%, while iShares S&P 500 Growth ETF (IVW) has a volatility of 5.56%. This indicates that MDYG experiences smaller price fluctuations and is considered to be less risky than IVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.