MYY vs. MDYG
Compare and contrast key facts about ProShares Short S&P Mid Cap400 (MYY) and SPDR S&P 400 Mid Cap Growth ETF (MDYG).
MYY and MDYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MYY is a passively managed fund by ProShares that tracks the performance of the S&P Mid Cap 400 (-100%). It was launched on Jun 19, 2006. 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. Both MYY and MDYG 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: MYY or MDYG.
Key characteristics
| MYY | MDYG | |
|---|---|---|
| YTD Return | -1.26% | 8.55% |
| 1Y Return | -9.08% | 21.78% |
| 3Y Return (Ann) | -2.98% | 2.69% |
| 5Y Return (Ann) | -12.04% | 9.93% |
| 10Y Return (Ann) | -10.95% | 9.84% |
| Sharpe Ratio | -0.57 | 1.43 |
| Daily Std Dev | 15.98% | 15.25% |
| Max Drawdown | -94.25% | -59.09% |
| Current Drawdown | -93.86% | -6.05% |
Correlation
The correlation between MYY and MDYG is -0.93. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MYY vs. MDYG - Performance Comparison
In the year-to-date period, MYY achieves a -1.26% return, which is significantly lower than MDYG's 8.55% return. Over the past 10 years, MYY has underperformed MDYG with an annualized return of -10.95%, while MDYG has yielded a comparatively higher 9.84% 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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MYY vs. MDYG - Expense Ratio Comparison
MYY has a 0.95% expense ratio, which is higher than MDYG's 0.15% expense ratio.
Risk-Adjusted Performance
MYY vs. MDYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P Mid Cap400 (MYY) and SPDR S&P 400 Mid Cap Growth ETF (MDYG). 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
MYY vs. MDYG - Dividend Comparison
MYY's dividend yield for the trailing twelve months is around 5.20%, more than MDYG's 1.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYY ProShares Short S&P Mid Cap400 | 5.20% | 5.08% | 0.40% | 0.00% | 0.05% | 1.52% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
MYY vs. MDYG - Drawdown Comparison
The maximum MYY drawdown since its inception was -94.25%, which is greater than MDYG's maximum drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for MYY and MDYG. For additional features, visit the drawdowns tool.
Volatility
MYY vs. MDYG - Volatility Comparison
ProShares Short S&P Mid Cap400 (MYY) and SPDR S&P 400 Mid Cap Growth ETF (MDYG) have volatilities of 4.23% and 4.41%, 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.