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.
Key characteristics
| MDYG | XMVM | |
|---|---|---|
| YTD Return | 8.54% | 1.14% |
| 1Y Return | 23.27% | 24.46% |
| 3Y Return (Ann) | 2.68% | 4.65% |
| 5Y Return (Ann) | 9.62% | 11.28% |
| 10Y Return (Ann) | 9.83% | 9.09% |
| Sharpe Ratio | 1.43 | 1.24 |
| Daily Std Dev | 15.25% | 17.44% |
| Max Drawdown | -59.09% | -62.83% |
| Current Drawdown | -6.06% | -6.54% |
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.
Performance
MDYG vs. XMVM - Performance Comparison
In the year-to-date period, MDYG achieves a 8.54% return, which is significantly higher than XMVM's 1.14% return. Over the past 10 years, MDYG has outperformed XMVM with an annualized return of 9.83%, while XMVM has yielded a comparatively lower 9.09% annualized return. 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. XMVM - Expense Ratio Comparison
MDYG has a 0.15% expense ratio, which is lower than XMVM's 0.39% expense ratio.
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 1.06%, less than XMVM's 1.47% 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% |
XMVM Invesco S&P MidCap Value with Momentum ETF | 1.47% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% | 1.53% | 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
SPDR S&P 400 Mid Cap Growth ETF (MDYG) and Invesco S&P MidCap Value with Momentum ETF (XMVM) have volatilities of 4.31% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.