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SPMD vs. IJH
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPMD vs. IJH

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and iShares Core S&P Mid-Cap ETF (IJH).

SPMD and IJH 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. IJH is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400 Index. It was launched on May 22, 2000. Both SPMD and IJH 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. IJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and iShares Core S&P Mid-Cap ETF (IJH). The values are adjusted to include any dividend payments, if applicable.

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SPMD vs. IJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IJH
iShares Core S&P Mid-Cap ETF		2.56%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-11.19%16.26%

Returns By Period

The year-to-date returns for both stocks are quite close, with SPMD having a 2.59% return and IJH slightly lower at 2.56%. Both investments have delivered pretty close results over the past 10 years, with SPMD having a 10.73% annualized return and IJH not far behind at 10.48%.

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%

IJH

1D
2.96%
1M
-5.32%
YTD
2.56%
6M
4.23%
1Y
17.32%
3Y*
12.06%
5Y*
6.57%
10Y*
10.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Portfolio S&P 400 Mid Cap ETF

iShares Core S&P Mid-Cap ETF

Often compared with SPMD:
SPMD vs. MDYSPMD vs. VOSPMD vs. SPYSPMD vs. SCHMSPMD vs. IWRSPMD vs. IMCBSPMD vs. SCHZ
Often compared with IJH:
IJH vs. VOIJH vs. IJRIJH vs. MDYIJH vs. IJJIJH vs. IVOOIJH vs. IJKIJH vs. SCHM

SPMD vs. IJH - Expense Ratio Comparison

Both SPMD and IJH have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

SPMD
SPDR Portfolio S&P 400 Mid Cap ETF
IJH
iShares Core S&P Mid-Cap ETF

Return for Risk

SPMD vs. IJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPMD
SPMD Risk / Return Rank: 5252
Overall Rank
SPMD Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
SPMD Sortino Ratio Rank: 5151
Sortino Ratio Rank
SPMD Omega Ratio Rank: 4949
Omega Ratio Rank
SPMD Calmar Ratio Rank: 5353
Calmar Ratio Rank
SPMD Martin Ratio Rank: 5959
Martin Ratio Rank
IJH
IJH Risk / Return Rank: 5353
Overall Rank
IJH Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 5252
Sortino Ratio Rank
IJH Omega Ratio Rank: 5050
Omega Ratio Rank
IJH Calmar Ratio Rank: 5454
Calmar Ratio Rank
IJH Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPMD vs. IJH - 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 iShares Core S&P Mid-Cap ETF (IJH). 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.

SPMDIJHDifference

Sharpe ratio

Return per unit of total volatility

0.83

0.83

0.00

Sortino ratio

Return per unit of downside risk

1.30

1.30

0.00

Omega ratio

Gain probability vs. loss probability

1.18

1.18

0.00

Calmar ratio

Return relative to maximum drawdown

1.25

1.24

+0.01

Martin ratio

Return relative to average drawdown

5.41

5.37

+0.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPMD vs. IJH - Sharpe Ratio Comparison

The current SPMD Sharpe Ratio is 0.83, which is comparable to the IJH Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of SPMD and IJH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SPMDIJHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.83

0.83

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

0.33

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

0.50

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.44

-0.01

Correlation

The correlation between SPMD and IJH is 0.92, 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. IJH - Dividend Comparison

SPMD's dividend yield for the trailing twelve months is around 1.37%, more than IJH's 1.32% yield.

TTM20252024202320222021202020192018201720162015
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%
IJH
iShares Core S&P Mid-Cap ETF		1.32%1.36%1.33%1.46%1.68%1.18%1.28%1.63%1.72%1.19%1.60%1.56%

Drawdowns

SPMD vs. IJH - Drawdown Comparison

The maximum SPMD drawdown since its inception was -57.62%, roughly equal to the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for SPMD and IJH.

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Drawdown Indicators

SPMDIJHDifference

Max Drawdown

Largest peak-to-trough decline

-57.62%

-55.07%

-2.55%

Max Drawdown (1Y)

Largest decline over 1 year

-14.12%

-14.16%

+0.04%

Max Drawdown (5Y)

Largest decline over 5 years

-24.08%

-24.10%

+0.02%

Max Drawdown (10Y)

Largest decline over 10 years

-41.86%

-42.18%

+0.32%

Current Drawdown

Current decline from peak

-6.13%

-6.13%

0.00%

Average Drawdown

Average peak-to-trough decline

-8.18%

-7.61%

-0.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

3.28%

-0.01%

Volatility

SPMD vs. IJH - Volatility Comparison

SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and iShares Core S&P Mid-Cap ETF (IJH) have volatilities of 6.56% and 6.49%, 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

SPMDIJHDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.56%

6.49%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

11.95%

11.91%

+0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

21.11%

21.07%

+0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.71%

19.75%

-0.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.18%

21.16%

+0.02%