SPMD vs. EZM
Compare and contrast key facts about SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and WisdomTree U.S. MidCap Fund (EZM).
SPMD and EZM 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. EZM is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S Mid Cap Index. It was launched on Feb 23, 2007. Both SPMD and EZM 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
SPMD vs. EZM - Performance Comparison
Loading graphics...
SPMD vs. EZM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 2.59% | 7.44% | 13.91% | 16.48% | -13.13% | 24.76% | 13.46% | 25.19% | -10.34% | 15.12% |
EZM WisdomTree U.S. MidCap Fund | 0.90% | 8.42% | 10.29% | 19.69% | -12.22% | 31.00% | 5.57% | 24.48% | -12.36% | 17.37% |
Returns By Period
In the year-to-date period, SPMD achieves a 2.59% return, which is significantly higher than EZM's 0.90% return. Over the past 10 years, SPMD has outperformed EZM with an annualized return of 10.73%, while EZM has yielded a comparatively lower 9.98% annualized return.
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%
EZM
- 1D
- 2.69%
- 1M
- -4.74%
- YTD
- 0.90%
- 6M
- 2.66%
- 1Y
- 14.40%
- 3Y*
- 12.08%
- 5Y*
- 6.94%
- 10Y*
- 9.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPMD vs. EZM - Expense Ratio Comparison
SPMD has a 0.05% expense ratio, which is lower than EZM's 0.38% expense ratio.
Return for Risk
SPMD vs. EZM — Risk / Return Rank
SPMD
EZM
SPMD vs. EZM - 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 WisdomTree U.S. MidCap Fund (EZM). 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 | EZM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.69 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.14 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.03 | +0.22 |
Martin ratioReturn relative to average drawdown | 5.41 | 4.22 | +1.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SPMD | EZM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.69 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.34 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.45 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.39 | +0.04 |
Correlation
The correlation between SPMD and EZM is 0.90, 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. EZM - Dividend Comparison
SPMD's dividend yield for the trailing twelve months is around 1.37%, which matches EZM's 1.38% 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% |
EZM WisdomTree U.S. MidCap Fund | 1.38% | 1.39% | 1.22% | 1.25% | 1.57% | 1.08% | 1.67% | 1.34% | 1.57% | 1.14% | 1.55% | 1.30% |
Drawdowns
SPMD vs. EZM - Drawdown Comparison
The maximum SPMD drawdown since its inception was -57.62%, roughly equal to the maximum EZM drawdown of -59.58%. Use the drawdown chart below to compare losses from any high point for SPMD and EZM.
Loading graphics...
Drawdown Indicators
| SPMD | EZM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.62% | -59.58% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -14.50% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.08% | -23.53% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -41.86% | -47.26% | +5.40% |
Current DrawdownCurrent decline from peak | -6.13% | -6.17% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -8.33% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.54% | -0.27% |
Volatility
SPMD vs. EZM - Volatility Comparison
SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a higher volatility of 6.56% compared to WisdomTree U.S. MidCap Fund (EZM) at 5.22%. This indicates that SPMD's price experiences larger fluctuations and is considered to be riskier than EZM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SPMD | EZM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 5.22% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 11.16% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 21.04% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 20.51% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 22.37% | -1.19% |