MIDE vs. SPMD
MIDE (Xtrackers S&P MidCap 400 ESG ETF) and SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) are both Mid Cap Blend Equities funds - MIDE tracks the S&P MidCap 400 ESG Index while SPMD tracks the S&P MidCap 400 Index. Both are passively managed. Over the past 5 years, MIDE returned 8.50%/yr vs 8.50%/yr for SPMD. With a 0.99 correlation, they move nearly in lockstep. MIDE charges 0.15%/yr vs 0.03%/yr for SPMD.
Performance
MIDE vs. SPMD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MIDE having a 14.24% return and SPMD slightly higher at 14.65%.
MIDE
- 1D
- -0.85%
- 1M
- 2.52%
- YTD
- 14.24%
- 6M
- 12.29%
- 1Y
- 27.07%
- 3Y*
- 16.08%
- 5Y*
- 8.50%
- 10Y*
- —
SPMD
- 1D
- -1.02%
- 1M
- 2.69%
- YTD
- 14.65%
- 6M
- 12.55%
- 1Y
- 25.12%
- 3Y*
- 16.14%
- 5Y*
- 8.50%
- 10Y*
- 11.86%
MIDE vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MIDE Xtrackers S&P MidCap 400 ESG ETF | 14.24% | 9.81% | 11.21% | 15.20% | -11.63% | 11.80% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 14.65% | 7.44% | 13.91% | 16.48% | -13.13% | 13.52% |
Correlation
The correlation between MIDE and SPMD is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.99 |
The correlation between MIDE and SPMD has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
MIDE vs. SPMD — Risk / Return Rank
MIDE
SPMD
MIDE vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P MidCap 400 ESG ETF (MIDE) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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.
| MIDE | SPMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.85 | +0.06 |
| Martin ratioReturn relative to average drawdown | 10.33 | 10.44 | -0.11 |
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Drawdowns
MIDE vs. SPMD - Drawdown Comparison
The maximum MIDE drawdown since its inception was -24.59%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for MIDE and SPMD.
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Drawdown Indicators
| MIDE | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.59% | -57.62% | +33.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -8.86% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | -24.08% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -24.08% | -0.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.86% | — |
Current DrawdownCurrent decline from peak | -0.98% | -1.13% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -8.10% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.41% | +0.22% |
Volatility
MIDE vs. SPMD - Volatility Comparison
Xtrackers S&P MidCap 400 ESG ETF (MIDE) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) have volatilities of 4.58% and 4.72%, 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.
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Volatility by Period
| MIDE | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 4.72% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 11.79% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.07% | 15.90% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 19.72% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 21.19% | -1.54% |
MIDE vs. SPMD - Expense Ratio Comparison
MIDE has a 0.15% expense ratio, which is higher than SPMD's 0.03% 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%.
Dividends
MIDE vs. SPMD - Dividend Comparison
MIDE's dividend yield for the trailing twelve months is around 1.27%, more than SPMD's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIDE Xtrackers S&P MidCap 400 ESG ETF | 1.27% | 1.52% | 1.45% | 1.36% | 1.33% | 0.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.23% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Frequently Asked Questions
With a correlation of 0.98, MIDE and SPMD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SPMD has higher volatility (4.72%) compared to MIDE (4.58%). In terms of maximum drawdown, MIDE dropped -24.59% vs SPMD's -57.62%.
On 5-year performance, SPMD leads with 8.50% vs 8.50% for MIDE. On fees, SPMD is cheaper at 0.03% per year. On volatility, MIDE has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPMD has performed better with a 8.50% return vs 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMD is cheaper with a 0.03% expense ratio, compared with 0.15% for MIDE.
MIDE has the higher dividend yield at 1.27%, compared with 1.23% for SPMD.
MIDE tracks S&P MidCap 400 ESG Index, while SPMD tracks S&P MidCap 400 Index. They also come from different issuers: Deutsche Bank and State Street. Their fees differ too: 0.15% for MIDE and 0.03% for SPMD.
MIDE currently has the higher Sharpe Ratio (1.69 vs 1.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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