TMSL vs. MDY
Compare and contrast key facts about T. Rowe Price Small-Mid Cap ETF (TMSL) and SPDR S&P MidCap 400 ETF (MDY).
TMSL and MDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMSL is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. MDY is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on May 4, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMSL or MDY.
Correlation
The correlation between TMSL and MDY is 0.97, 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
TMSL vs. MDY - Performance Comparison
Key characteristics
TMSL:
1.28
MDY:
1.09
TMSL:
1.81
MDY:
1.61
TMSL:
1.23
MDY:
1.20
TMSL:
2.27
MDY:
2.02
TMSL:
5.54
MDY:
4.72
TMSL:
3.57%
MDY:
3.62%
TMSL:
15.43%
MDY:
15.65%
TMSL:
-13.22%
MDY:
-55.33%
TMSL:
-3.62%
MDY:
-5.48%
Returns By Period
In the year-to-date period, TMSL achieves a 4.64% return, which is significantly higher than MDY's 2.53% return.
TMSL
4.64%
0.54%
8.13%
16.36%
N/A
N/A
MDY
2.53%
-1.20%
5.81%
14.45%
10.27%
9.22%
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TMSL vs. MDY - Expense Ratio Comparison
TMSL has a 0.55% expense ratio, which is higher than MDY's 0.23% expense ratio.
Risk-Adjusted Performance
TMSL vs. MDY — Risk-Adjusted Performance Rank
TMSL
MDY
TMSL vs. MDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Small-Mid Cap ETF (TMSL) and SPDR S&P MidCap 400 ETF (MDY). 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
TMSL vs. MDY - Dividend Comparison
TMSL's dividend yield for the trailing twelve months is around 0.42%, less than MDY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMSL T. Rowe Price Small-Mid Cap ETF | 0.42% | 0.44% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MDY SPDR S&P MidCap 400 ETF | 1.15% | 1.18% | 1.21% | 1.37% | 0.96% | 1.12% | 1.34% | 1.39% | 1.18% | 1.31% | 1.35% | 1.17% |
Drawdowns
TMSL vs. MDY - Drawdown Comparison
The maximum TMSL drawdown since its inception was -13.22%, smaller than the maximum MDY drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for TMSL and MDY. For additional features, visit the drawdowns tool.
Volatility
TMSL vs. MDY - Volatility Comparison
The current volatility for T. Rowe Price Small-Mid Cap ETF (TMSL) is 3.42%, while SPDR S&P MidCap 400 ETF (MDY) has a volatility of 3.68%. This indicates that TMSL experiences smaller price fluctuations and is considered to be less risky than MDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.