MDYG vs. XMVM
Compare and contrast key facts about SPDR S&P 400 Mid Cap Growth ETF (MDYG) and Invesco S&P MidCap Value with Momentum ETF (XMVM).
MDYG and XMVM 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. XMVM is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 High Momentum Value Index. It was launched on Mar 3, 2005. Both MDYG and XMVM 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 XMVM.
Performance
MDYG vs. XMVM - Performance Comparison
Returns By Period
In the year-to-date period, MDYG achieves a 22.26% return, which is significantly higher than XMVM's 20.34% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: MDYG at 10.29% and XMVM at 10.29%.
MDYG
22.26%
4.45%
8.68%
31.82%
11.93%
10.29%
XMVM
20.34%
7.00%
15.00%
31.70%
13.97%
10.29%
Key characteristics
| MDYG | XMVM | |
|---|---|---|
| Sharpe Ratio | 1.99 | 1.76 |
| Sortino Ratio | 2.76 | 2.55 |
| Omega Ratio | 1.33 | 1.31 |
| Calmar Ratio | 2.18 | 3.55 |
| Martin Ratio | 10.55 | 9.57 |
| Ulcer Index | 3.09% | 3.42% |
| Daily Std Dev | 16.39% | 18.60% |
| Max Drawdown | -59.09% | -62.83% |
| Current Drawdown | -1.29% | -1.15% |
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MDYG vs. XMVM - Expense Ratio Comparison
MDYG has a 0.15% expense ratio, which is lower than XMVM's 0.39% expense ratio.
Correlation
The correlation between MDYG and XMVM is 0.83, 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. XMVM - 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 Invesco S&P MidCap Value with Momentum ETF (XMVM). 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. XMVM - Dividend Comparison
MDYG's dividend yield for the trailing twelve months is around 0.90%, less than XMVM's 1.26% 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% |
XMVM Invesco S&P MidCap Value with Momentum ETF | 1.26% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% | 1.52% | 1.39% |
Drawdowns
MDYG vs. XMVM - Drawdown Comparison
The maximum MDYG drawdown since its inception was -59.09%, smaller than the maximum XMVM drawdown of -62.83%. Use the drawdown chart below to compare losses from any high point for MDYG and XMVM. For additional features, visit the drawdowns tool.
Volatility
MDYG vs. XMVM - Volatility Comparison
The current volatility for SPDR S&P 400 Mid Cap Growth ETF (MDYG) is 5.30%, while Invesco S&P MidCap Value with Momentum ETF (XMVM) has a volatility of 8.07%. This indicates that MDYG experiences smaller price fluctuations and is considered to be less risky than XMVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.