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SSMG vs. MDYG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SSMG vs. MDYG

Last updated Aug 5, 2026
Documentation

SSMG (Virtus Silvant Small/Mid Growth ETF) and MDYG (SPDR S&P 400 Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. SSMG is actively managed, while MDYG is passively managed. Their correlation of 0.92 means they have usually moved in the same direction. SSMG charges 0.39%/yr vs 0.15%/yr for MDYG.

Performance

SSMG vs. MDYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Silvant Small/Mid Growth ETF (SSMG) and SPDR S&P 400 Mid Cap Growth ETF (MDYG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

SSMG

1D
3.18%
1M
-0.84%
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

MDYG

1D
2.26%
1M
0.71%
6M
14.30%
YTD
20.04%
1Y
25.55%
3Y*
15.76%
5Y*
8.17%
10Y*
11.17%
ALL TIME*
10.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

MDYG

SPDR S&P 400 Mid Cap Growth ETF
$11.95M$9.15M$9.34M

SSMG

Virtus Silvant Small/Mid Growth ETF
$5.89K$3.26K$5.76K

SSMG vs. MDYG - Yearly Performance Comparison

2026 (YTD)
SSMG
Virtus Silvant Small/Mid Growth ETF		7.79%
MDYG
SPDR S&P 400 Mid Cap Growth ETF		5.91%

Correlation

The correlation between SSMG and MDYG is 0.92, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (All Time)
Calculated using the full available price history since Apr 22, 2026

0.92

SSMG vs. MDYG - Sectors Allocation Comparison

Sectors
SSMG
MDYG

Industrials

25.8%
30.6%

Technology

25.3%
23.9%

Healthcare

18.6%
13.6%

Consumer Cyclical

9.4%
7.3%

Financial Services

8.2%
6.7%

Energy

4.5%
3.0%

Basic Materials

3.5%
4.1%

Utilities

1.5%
1.8%

Communication Services

1.4%
2.2%

Real Estate

0.7%
5.2%

Consumer Defensive

-

1.6%

Industrials

SSMG
25.8%
MDYG
30.6%

Technology

SSMG
25.3%
MDYG
23.9%

Healthcare

SSMG
18.6%
MDYG
13.6%

Consumer Cyclical

SSMG
9.4%
MDYG
7.3%

Financial Services

SSMG
8.2%
MDYG
6.7%

Energy

SSMG
4.5%
MDYG
3.0%

Basic Materials

SSMG
3.5%
MDYG
4.1%

Utilities

SSMG
1.5%
MDYG
1.8%

Communication Services

SSMG
1.4%
MDYG
2.2%

Real Estate

SSMG
0.7%
MDYG
5.2%

Consumer Defensive

SSMG

-

MDYG
1.6%

Compare stocks, funds, or ETFs

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

Virtus Silvant Small/Mid Growth ETF

SPDR S&P 400 Mid Cap Growth ETF

Often compared with SSMG:
SSMG vs. QQQNSSMG vs. VDISSMG vs. SEIXSSMG vs. TPLCSSMG vs. JHMMSSMG vs. QMIDSSMG vs. VOT
Often compared with MDYG:
MDYG vs. IMCGMDYG vs. IVOVMDYG vs. SPYGMDYG vs. VOMDYG vs. VOTMDYG vs. XMVMMDYG vs. SCHD

Return for Risk

SSMG vs. MDYG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SSMG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MDYG
MDYG Risk / Return Rank: 5858
Overall Rank
MDYG Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
MDYG Sortino Ratio Rank: 5454
Sortino Ratio Rank
MDYG Omega Ratio Rank: 4949
Omega Ratio Rank
MDYG Calmar Ratio Rank: 6666
Calmar Ratio Rank
MDYG Martin Ratio Rank: 6969
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SSMG vs. MDYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Silvant Small/Mid Growth ETF (SSMG) and SPDR S&P 400 Mid Cap Growth ETF (MDYG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SSMGMDYGDifference
Sharpe ratioReturn per unit of total volatility

—

1.43

—

Sortino ratioReturn per unit of downside risk

—

2.11

—

Omega ratioGain probability vs. loss probability

—

1.25

—

Calmar ratioReturn relative to maximum drawdown

—

2.59

—

Martin ratioReturn relative to average drawdown

—

9.52

—

SSMG vs. MDYG - Sharpe Ratio Comparison

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Drawdowns

SSMG vs. MDYG - Drawdown Comparison

The maximum SSMG drawdown since its inception was -13.72%, smaller than the maximum MDYG drawdown of -58.44%. Use the drawdown chart below to compare losses from any high point for SSMG and MDYG.

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Drawdown Indicators

SSMGMDYGDifference

Max Drawdown

Largest peak-to-trough decline

-13.72%

-58.44%

+44.72%

Max Drawdown (1Y)

Largest decline over 1 year

—

-9.91%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-25.45%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-29.26%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.27%

—

Current Drawdown

Current decline from peak

-4.83%

-1.28%

-3.55%

Average Drawdown

Average peak-to-trough decline

-3.36%

-7.98%

+4.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.69%

—

Volatility

SSMG vs. MDYG - Volatility Comparison

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Volatility by Period

SSMGMDYGDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.22%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

14.21%

—

Volatility (1Y)

Calculated over the trailing 1-year period

28.58%

17.93%

+10.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.58%

20.75%

+7.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.58%

21.09%

+7.49%

SSMG vs. MDYG - Expense Ratio Comparison

SSMG has a 0.39% expense ratio, which is higher than MDYG's 0.15% expense ratio.

Dividends

SSMG vs. MDYG - Dividend Comparison

SSMG has not paid dividends to shareholders, while MDYG's dividend yield for the trailing twelve months is around 0.57%.

PositionTTM20252024202320222021202020192018201720162015
MDYG
SPDR S&P 400 Mid Cap Growth ETF		0.57%0.75%0.87%1.20%1.16%0.69%0.71%1.21%1.36%2.23%1.25%2.51%
SSMG
Virtus Silvant Small/Mid Growth ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.92, SSMG and MDYG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, MDYG is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MDYG is cheaper with a 0.15% expense ratio, compared with 0.39% for SSMG.

MDYG has the higher dividend yield at 0.57%, compared with 0.00% for SSMG.

They also come from different issuers: Virtus and State Street. Their fees differ too: 0.39% for SSMG and 0.15% for MDYG.

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