MDYV vs. FNK
Compare and contrast key facts about SPDR S&P 400 Mid Cap Value ETF (MDYV) and First Trust Mid Cap Value AlphaDEX Fund (FNK).
MDYV and FNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MDYV is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Value Index. It was launched on Nov 8, 2005. FNK is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Mid Cap Value Index. It was launched on Apr 19, 2011. Both MDYV and FNK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MDYV vs. FNK - Performance Comparison
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MDYV vs. FNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.05% | 7.45% | 11.48% | 15.35% | -7.19% | 30.51% | 3.68% | 25.89% | -11.95% | 12.31% |
FNK First Trust Mid Cap Value AlphaDEX Fund | 3.02% | 5.65% | 6.65% | 21.03% | -7.24% | 33.60% | 1.23% | 20.56% | -14.72% | 11.81% |
Returns By Period
In the year-to-date period, MDYV achieves a 1.05% return, which is significantly lower than FNK's 3.02% return. Over the past 10 years, MDYV has outperformed FNK with an annualized return of 9.95%, while FNK has yielded a comparatively lower 9.15% annualized return.
MDYV
- 1D
- 2.37%
- 1M
- -5.21%
- YTD
- 1.05%
- 6M
- 3.03%
- 1Y
- 12.66%
- 3Y*
- 10.86%
- 5Y*
- 7.14%
- 10Y*
- 9.95%
FNK
- 1D
- 1.61%
- 1M
- -4.17%
- YTD
- 3.02%
- 6M
- 4.27%
- 1Y
- 15.07%
- 3Y*
- 11.24%
- 5Y*
- 7.47%
- 10Y*
- 9.15%
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MDYV vs. FNK - Expense Ratio Comparison
MDYV has a 0.15% expense ratio, which is lower than FNK's 0.70% expense ratio.
Return for Risk
MDYV vs. FNK — Risk / Return Rank
MDYV
FNK
MDYV vs. FNK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 Mid Cap Value ETF (MDYV) and First Trust Mid Cap Value AlphaDEX Fund (FNK). 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.
| MDYV | FNK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.69 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.13 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 0.99 | -0.09 |
Martin ratioReturn relative to average drawdown | 3.42 | 3.75 | -0.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDYV | FNK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.69 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.36 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.38 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.39 | +0.01 |
Correlation
The correlation between MDYV and FNK is 0.91, 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.
Dividends
MDYV vs. FNK - Dividend Comparison
MDYV's dividend yield for the trailing twelve months is around 1.86%, more than FNK's 1.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.86% | 1.72% | 1.89% | 1.59% | 1.90% | 1.74% | 1.69% | 1.83% | 2.28% | 2.48% | 1.83% | 4.31% |
FNK First Trust Mid Cap Value AlphaDEX Fund | 1.63% | 1.53% | 1.63% | 1.76% | 1.66% | 1.27% | 1.61% | 1.82% | 1.76% | 1.40% | 1.38% | 1.45% |
Drawdowns
MDYV vs. FNK - Drawdown Comparison
The maximum MDYV drawdown since its inception was -60.71%, which is greater than FNK's maximum drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for MDYV and FNK.
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Drawdown Indicators
| MDYV | FNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.71% | -50.70% | -10.01% |
Max Drawdown (1Y)Largest decline over 1 year | -14.55% | -15.86% | +1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | -25.16% | +2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -45.90% | -50.70% | +4.80% |
Current DrawdownCurrent decline from peak | -7.55% | -6.00% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -8.68% | -6.89% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 4.20% | -0.34% |
Volatility
MDYV vs. FNK - Volatility Comparison
SPDR S&P 400 Mid Cap Value ETF (MDYV) has a higher volatility of 5.35% compared to First Trust Mid Cap Value AlphaDEX Fund (FNK) at 4.49%. This indicates that MDYV's price experiences larger fluctuations and is considered to be riskier than FNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDYV | FNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 4.49% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 10.87% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 22.08% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 21.11% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 23.89% | -1.99% |