MDYG vs. QQQN

Last updated Aug 2, 2026

MDYG (SPDR S&P 400 Mid Cap Growth ETF) and QQQN (VictoryShares Nasdaq Next 50 ETF) are both Mid Cap Growth Equities funds - MDYG tracks the S&P MidCap 400 Growth Index while QQQN tracks the Nasdaq Q-50 Index. Both are passively managed. MDYG charges 0.15%/yr vs 0.18%/yr for QQQN.

Performance

MDYG vs. QQQN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 400 Mid Cap Growth ETF (MDYG) and VictoryShares Nasdaq Next 50 ETF (QQQN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

QQQN

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MDYG SPDR S&P 400 Mid Cap Growth ETF	$9.81M	$8.69M	$9.37M
QQQN VictoryShares Nasdaq Next 50 ETF	$0.00	$0.00	$0.00

MDYG vs. QQQN - Yearly Performance Comparison

	2026 (YTD)
MDYG SPDR S&P 400 Mid Cap Growth ETF	11.14%
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%

MDYG vs. QQQN - Sectors Allocation Comparison

Sectors	MDYG	QQQN
Industrials	30.6%	8.7%
Technology	23.9%	47.3%
Healthcare	13.6%	19.9%
Consumer Cyclical	7.3%	13.7%
Financial Services	6.7%	-
Real Estate	5.2%	-
Basic Materials	4.1%	1.9%
Energy	3.0%	-
Communication Services	2.2%	5.5%
Utilities	1.8%	1.6%
Consumer Defensive	1.6%	1.4%

Return for Risk

MDYG vs. QQQN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MDYG

MDYG Risk / Return Rank: 54
MDYG Sharpe Ratio Rank: 48
MDYG Sortino Ratio Rank: 50
MDYG Omega Ratio Rank: 46
MDYG Calmar Ratio Rank: 61
MDYG Martin Ratio Rank: 65

QQQN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MDYG vs. QQQN - 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 VictoryShares Nasdaq Next 50 ETF (QQQN). 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	QQQN	Difference
Sharpe ratio: Return per unit of total volatility	1.19	—	—
Sortino ratio: Return per unit of downside risk	1.78	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	2.14	—	—
Martin ratio: Return relative to average drawdown	7.90	—	—

Drawdowns

MDYG vs. QQQN - Drawdown Comparison

The maximum MDYG drawdown since its inception was -58.44%, which is greater than QQQN's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MDYG and QQQN.

Drawdown Indicators

	MDYG	QQQN	Difference
Max Drawdown Largest peak-to-trough decline	-58.44%	0.00%	-58.44%
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 Drawdown Current decline from peak	-4.72%	0.00%	-4.72%
Average Drawdown Average peak-to-trough decline	-7.98%	0.00%	-7.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	—	—

Volatility

Volatility by Period

	MDYG	QQQN	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%	0.00%	+17.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.72%	0.00%	+20.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	0.00%	+21.08%

MDYG vs. QQQN - Expense Ratio Comparison

MDYG has a 0.15% expense ratio, which is lower than QQQN'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%.

Dividends

MDYG vs. QQQN - Dividend Comparison

MDYG's dividend yield for the trailing twelve months is around 0.59%, while QQQN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QQQN VictoryShares Nasdaq Next 50 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%

Frequently Asked Questions

Which ETF is better, MDYG or QQQN?

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.

Which ETF is cheaper, MDYG or QQQN?

MDYG is cheaper with a 0.15% expense ratio, compared with 0.18% for QQQN.

Which ETF pays a higher dividend yield, MDYG or QQQN?

MDYG has the higher dividend yield at 0.59%, compared with 0.00% for QQQN.

What is the main difference between MDYG and QQQN?

MDYG tracks S&P MidCap 400 Growth Index, while QQQN tracks Nasdaq Q-50 Index. They also come from different issuers: State Street and VictoryShares. Their fees differ too: 0.15% for MDYG and 0.18% for QQQN.