MDYG vs. TSCM

Last updated Jun 26, 2026

MDYG (SPDR S&P 400 Mid Cap Growth ETF) and TSCM (TimesSquare Quality Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. MDYG is passively managed, while TSCM is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. MDYG charges 0.15%/yr vs 0.55%/yr for TSCM.

Performance

MDYG vs. TSCM - 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 TimesSquare Quality Mid Cap Growth ETF (TSCM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDYG achieves a 20.08% return, which is significantly higher than TSCM's 3.38% return.

MDYG

• 1D: 0.95%
• 1M: 1.82%
• YTD: 20.08%
• 6M: 17.29%
• 1Y: 30.79%
• 3Y*: 17.92%
• 5Y*: 8.32%
• 10Y*: 12.34%

TSCM

• 1D: 0.37%
• 1M: 3.52%
• YTD: 3.38%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MDYG vs. TSCM - Yearly Performance Comparison

	2026 (YTD)	2025
MDYG SPDR S&P 400 Mid Cap Growth ETF	20.08%	-1.56%
TSCM TimesSquare Quality Mid Cap Growth ETF	3.38%	-1.32%

Correlation

The correlation between MDYG and TSCM is 0.77, 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 30, 2025	0.77

Return for Risk

MDYG vs. TSCM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDYG

MDYG Risk / Return Rank: 65
MDYG Sharpe Ratio Rank: 61
MDYG Sortino Ratio Rank: 61
MDYG Omega Ratio Rank: 57
MDYG Calmar Ratio Rank: 71
MDYG Martin Ratio Rank: 75

TSCM

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDYG vs. TSCM - 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 TimesSquare Quality Mid Cap Growth ETF (TSCM). 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	TSCM	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.50	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	3.12	—	—
Martin ratio: Return relative to average drawdown	12.38	—	—

Drawdowns

MDYG vs. TSCM - Drawdown Comparison

The maximum MDYG drawdown since its inception was -58.44%, which is greater than TSCM's maximum drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for MDYG and TSCM.

Drawdown Indicators

	MDYG	TSCM	Difference
Max Drawdown Largest peak-to-trough decline	-58.44%	-14.87%	-43.57%
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	-0.30%	-0.85%	+0.55%
Average Drawdown Average peak-to-trough decline	-8.01%	-5.71%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	—	—

Volatility

Volatility by Period

	MDYG	TSCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.62%	20.98%	-3.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.71%	20.98%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.07%	20.98%	+0.09%

MDYG vs. TSCM - Expense Ratio Comparison

MDYG has a 0.15% expense ratio, which is lower than TSCM's 0.55% expense ratio.

Dividends

MDYG vs. TSCM - Dividend Comparison

MDYG's dividend yield for the trailing twelve months is around 0.57%, while TSCM 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	0.57%	0.75%	0.87%	1.20%	1.16%	0.69%	0.71%	1.21%	1.36%	2.23%	1.25%	2.51%
TSCM TimesSquare Quality Mid Cap Growth 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

Can I hold both MDYG and TSCM in my portfolio?

MDYG and TSCM have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MDYG or TSCM?

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 TSCM?

MDYG is cheaper with a 0.15% expense ratio, compared with 0.55% for TSCM.

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

MDYG has the higher dividend yield at 0.57%, compared with 0.00% for TSCM.

What is the main difference between MDYG and TSCM?

They also come from different issuers: State Street and TimesSquare Capital Management. Their fees differ too: 0.15% for MDYG and 0.55% for TSCM.