SPMD vs. VFQY
Compare and contrast key facts about SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and Vanguard U.S. Quality Factor ETF (VFQY).
SPMD and VFQY 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. VFQY is an actively managed fund by Vanguard. It was launched on Feb 13, 2018.
Performance
SPMD vs. VFQY - Performance Comparison
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SPMD vs. VFQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -10.42% |
VFQY Vanguard U.S. Quality Factor ETF | -2.43% | 10.24% | 12.93% | 22.48% | -15.74% | 27.96% | 16.97% | 25.75% | -7.85% |
Returns By Period
In the year-to-date period, SPMD achieves a 2.59% return, which is significantly higher than VFQY's -2.43% 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%
VFQY
- 1D
- 2.08%
- 1M
- -5.12%
- YTD
- -2.43%
- 6M
- -0.44%
- 1Y
- 13.02%
- 3Y*
- 12.78%
- 5Y*
- 7.08%
- 10Y*
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SPMD vs. VFQY - Expense Ratio Comparison
SPMD has a 0.05% expense ratio, which is lower than VFQY's 0.13% 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. VFQY — Risk / Return Rank
SPMD
VFQY
SPMD vs. VFQY - 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 Vanguard U.S. Quality Factor ETF (VFQY). 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 | VFQY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.67 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.09 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.06 | +0.19 |
Martin ratioReturn relative to average drawdown | 5.41 | 4.39 | +1.02 |
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 | VFQY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.67 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.39 | -0.05 |
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 | 0.48 | -0.05 |
Correlation
The correlation between SPMD and VFQY is 0.95, 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. VFQY - Dividend Comparison
SPMD's dividend yield for the trailing twelve months is around 1.37%, more than VFQY's 1.21% 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% |
VFQY Vanguard U.S. Quality Factor ETF | 1.21% | 1.17% | 1.34% | 1.38% | 1.43% | 0.98% | 1.22% | 1.34% | 1.31% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPMD vs. VFQY - Drawdown Comparison
The maximum SPMD drawdown since its inception was -57.62%, which is greater than VFQY's maximum drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for SPMD and VFQY.
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Drawdown Indicators
| SPMD | VFQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.62% | -37.41% | -20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -12.84% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -24.08% | -25.93% | +1.85% |
Max Drawdown (10Y)Largest decline over 10 years | -41.86% | — | — |
Current DrawdownCurrent decline from peak | -6.13% | -6.91% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -6.80% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.09% | +0.18% |
Volatility
SPMD vs. VFQY - Volatility Comparison
SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a higher volatility of 6.56% compared to Vanguard U.S. Quality Factor ETF (VFQY) at 4.65%. This indicates that SPMD's price experiences larger fluctuations and is considered to be riskier than VFQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMD | VFQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 4.65% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 10.35% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 19.54% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 18.39% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 21.02% | +0.16% |