SPMD vs. AVMC
Compare and contrast key facts about SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and Avantis U.S. Mid Cap Equity ETF (AVMC).
SPMD and AVMC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005. AVMC is an actively managed fund by Avantis. It was launched on Nov 7, 2023.
Performance
SPMD vs. AVMC - Performance Comparison
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SPMD vs. AVMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 2.59% | 7.44% | 13.91% | 15.74% |
AVMC Avantis U.S. Mid Cap Equity ETF | 2.47% | 9.98% | 16.84% | 15.39% |
Returns By Period
The year-to-date returns for both stocks are quite close, with SPMD having a 2.59% return and AVMC slightly lower at 2.47%.
SPMD
- 1D
- 2.99%
- 1M
- -5.29%
- YTD
- 2.59%
- 6M
- 4.27%
- 1Y
- 17.37%
- 3Y*
- 12.11%
- 5Y*
- 6.60%
- 10Y*
- 10.73%
AVMC
- 1D
- 2.47%
- 1M
- -5.23%
- YTD
- 2.47%
- 6M
- 4.36%
- 1Y
- 17.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SPMD vs. AVMC - Expense Ratio Comparison
SPMD has a 0.05% expense ratio, which is lower than AVMC's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SPMD vs. AVMC — Risk / Return Rank
SPMD
AVMC
SPMD vs. AVMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and Avantis U.S. Mid Cap Equity ETF (AVMC). 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.
| SPMD | AVMC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.91 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.39 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.37 | -0.11 |
Martin ratioReturn relative to average drawdown | 5.41 | 6.06 | -0.64 |
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
| SPMD | AVMC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.91 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.12 | -0.69 |
Correlation
The correlation between SPMD and AVMC is 0.98, 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
SPMD vs. AVMC - Dividend Comparison
SPMD's dividend yield for the trailing twelve months is around 1.37%, more than AVMC's 1.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.37% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
AVMC Avantis U.S. Mid Cap Equity ETF | 1.04% | 1.12% | 1.02% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPMD vs. AVMC - Drawdown Comparison
The maximum SPMD drawdown since its inception was -57.62%, which is greater than AVMC's maximum drawdown of -21.84%. Use the drawdown chart below to compare losses from any high point for SPMD and AVMC.
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Drawdown Indicators
| SPMD | AVMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.62% | -21.84% | -35.78% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -13.43% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.86% | — | — |
Current DrawdownCurrent decline from peak | -6.13% | -5.63% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -3.36% | -4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.03% | +0.24% |
Volatility
SPMD vs. AVMC - Volatility Comparison
SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a higher volatility of 6.56% compared to Avantis U.S. Mid Cap Equity ETF (AVMC) at 5.55%. This indicates that SPMD's price experiences larger fluctuations and is considered to be riskier than AVMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMD | AVMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 5.55% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 10.59% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 19.64% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 17.23% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 17.23% | +3.95% |