SPMD vs. IWR
Compare and contrast key facts about SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and iShares Russell Midcap ETF (IWR).
SPMD and IWR 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. IWR is a passively managed fund by iShares that tracks the performance of the Russell Midcap Index. It was launched on Jul 17, 2001. Both SPMD and IWR 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: SPMD or IWR.
Key characteristics
| SPMD | IWR | |
|---|---|---|
| YTD Return | 16.78% | 18.37% |
| 1Y Return | 29.43% | 31.08% |
| 3Y Return (Ann) | 4.97% | 3.75% |
| 5Y Return (Ann) | 11.64% | 11.06% |
| 10Y Return (Ann) | 9.72% | 9.89% |
| Sharpe Ratio | 1.76 | 2.30 |
| Sortino Ratio | 2.52 | 3.19 |
| Omega Ratio | 1.31 | 1.39 |
| Calmar Ratio | 2.63 | 2.04 |
| Martin Ratio | 10.24 | 13.21 |
| Ulcer Index | 2.74% | 2.29% |
| Daily Std Dev | 15.92% | 13.19% |
| Max Drawdown | -57.62% | -58.79% |
| Current Drawdown | -3.53% | -2.56% |
Correlation
The correlation between SPMD and IWR is 0.91, 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.
Performance
SPMD vs. IWR - Performance Comparison
In the year-to-date period, SPMD achieves a 16.78% return, which is significantly lower than IWR's 18.37% return. Both investments have delivered pretty close results over the past 10 years, with SPMD having a 9.72% annualized return and IWR not far ahead at 9.89%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. IWR - Expense Ratio Comparison
SPMD has a 0.05% expense ratio, which is lower than IWR's 0.19% 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%.
Risk-Adjusted Performance
SPMD vs. IWR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and iShares Russell Midcap ETF (IWR). 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
SPMD vs. IWR - Dividend Comparison
SPMD's dividend yield for the trailing twelve months is around 1.34%, more than IWR's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.34% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% | 10.67% |
IWR iShares Russell Midcap ETF | 1.25% | 1.43% | 1.59% | 1.05% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% | 1.45% | 1.31% |
Drawdowns
SPMD vs. IWR - Drawdown Comparison
The maximum SPMD drawdown since its inception was -57.62%, roughly equal to the maximum IWR drawdown of -58.79%. Use the drawdown chart below to compare losses from any high point for SPMD and IWR. For additional features, visit the drawdowns tool.
Volatility
SPMD vs. IWR - Volatility Comparison
SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a higher volatility of 5.48% compared to iShares Russell Midcap ETF (IWR) at 4.24%. This indicates that SPMD's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.