MDYG vs. VO
Compare and contrast key facts about SPDR S&P 400 Mid Cap Growth ETF (MDYG) and Vanguard Mid-Cap ETF (VO).
MDYG and VO 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. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. Both MDYG and VO 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 VO.
Key characteristics
| MDYG | VO | |
|---|---|---|
| YTD Return | 8.55% | 2.74% |
| 1Y Return | 21.78% | 15.74% |
| 3Y Return (Ann) | 2.69% | 2.40% |
| 5Y Return (Ann) | 9.93% | 9.28% |
| 10Y Return (Ann) | 9.84% | 9.44% |
| Sharpe Ratio | 1.43 | 1.19 |
| Daily Std Dev | 15.25% | 13.17% |
| Max Drawdown | -59.09% | -58.89% |
| Current Drawdown | -6.05% | -5.16% |
Correlation
The correlation between MDYG and VO is 0.92, 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.
Performance
MDYG vs. VO - Performance Comparison
In the year-to-date period, MDYG achieves a 8.55% return, which is significantly higher than VO's 2.74% return. Both investments have delivered pretty close results over the past 10 years, with MDYG having a 9.84% annualized return and VO not far behind at 9.44%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MDYG vs. VO - Expense Ratio Comparison
MDYG has a 0.15% expense ratio, which is higher than VO's 0.04% 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%.
Risk-Adjusted Performance
MDYG vs. VO - 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 Vanguard Mid-Cap ETF (VO). 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. VO - Dividend Comparison
MDYG's dividend yield for the trailing twelve months is around 1.06%, less than VO's 1.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDYG SPDR S&P 400 Mid Cap Growth ETF | 1.06% | 1.20% | 1.16% | 0.69% | 0.71% | 1.21% | 1.36% | 2.23% | 1.25% | 2.48% | 1.60% | 0.82% |
VO Vanguard Mid-Cap ETF | 1.57% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
MDYG vs. VO - Drawdown Comparison
The maximum MDYG drawdown since its inception was -59.09%, roughly equal to the maximum VO drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for MDYG and VO. For additional features, visit the drawdowns tool.
Volatility
MDYG vs. VO - Volatility Comparison
SPDR S&P 400 Mid Cap Growth ETF (MDYG) has a higher volatility of 4.41% compared to Vanguard Mid-Cap ETF (VO) at 3.74%. This indicates that MDYG's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.