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XJH vs. MDY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XJH vs. MDY

Last updated Jun 23, 2026

XJH (iShares ESG Screened S&P Mid-Cap ETF) and MDY (SPDR S&P MidCap 400 ETF) are both Mid Cap Blend Equities funds - XJH tracks the S&P MidCap 400 Sustainability Screened Index while MDY tracks the S&P MidCap 400 Index. Both are passively managed. Over the past 5 years, XJH returned 8.33%/yr vs 8.64%/yr for MDY. With a 0.99 correlation, they move nearly in lockstep. XJH charges 0.12%/yr vs 0.23%/yr for MDY.

Performance

XJH vs. MDY - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with XJH having a 15.53% return and MDY slightly higher at 15.58%.

XJH

1D
0.39%
1M
4.02%
YTD
15.53%
6M
13.02%
1Y
28.80%
3Y*
16.14%
5Y*
8.33%
10Y*
—

MDY

1D
0.41%
1M
3.71%
YTD
15.58%
6M
13.18%
1Y
27.09%
3Y*
16.19%
5Y*
8.64%
10Y*
11.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XJH vs. MDY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XJH
iShares ESG Screened S&P Mid-Cap ETF		15.53%8.12%12.27%16.74%-14.36%23.43%29.59%
MDY
SPDR S&P MidCap 400 ETF		15.58%7.19%13.64%16.07%-13.28%24.53%29.19%

Correlation

The correlation between XJH and MDY is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

Correlation (All Time)
Calculated using the full available price history since Sep 24, 2020

0.99

The correlation between XJH and MDY has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

XJH vs. MDY - Sectors Allocation Comparison

Sectors
XJH
MDY

Industrials

26.8%
24.8%

Technology

16.7%
17.4%

Financial Services

14.0%
13.3%

Healthcare

9.7%
9.1%

Consumer Cyclical

9.6%
10.7%

Real Estate

8.1%
7.4%

Basic Materials

5.0%
4.9%

Consumer Defensive

4.2%
3.4%

Energy

2.9%
5.0%

Utilities

1.5%
3.0%

Communication Services

1.1%
1.0%

Industrials

XJH
26.8%
MDY
24.8%

Technology

XJH
16.7%
MDY
17.4%

Financial Services

XJH
14.0%
MDY
13.3%

Healthcare

XJH
9.7%
MDY
9.1%

Consumer Cyclical

XJH
9.6%
MDY
10.7%

Real Estate

XJH
8.1%
MDY
7.4%

Basic Materials

XJH
5.0%
MDY
4.9%

Consumer Defensive

XJH
4.2%
MDY
3.4%

Energy

XJH
2.9%
MDY
5.0%

Utilities

XJH
1.5%
MDY
3.0%

Communication Services

XJH
1.1%
MDY
1.0%

Compare stocks, funds, or ETFs

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

iShares ESG Screened S&P Mid-Cap ETF

SPDR S&P MidCap 400 ETF

Often compared with XJH:
XJH vs. XJRXJH vs. XMMOXJH vs. NUMVXJH vs. IJHXJH vs. NUMGXJH vs. FZIPXXJH vs. SUSL
Often compared with MDY:
MDY vs. SPYMDY vs. IJHMDY vs. IWMMDY vs. SPMDMDY vs. VOMDY vs. VOOMDY vs. XMVM

Return for Risk

XJH vs. MDY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XJH
XJH Risk / Return Rank: 5656
Overall Rank
XJH Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
XJH Sortino Ratio Rank: 5454
Sortino Ratio Rank
XJH Omega Ratio Rank: 4848
Omega Ratio Rank
XJH Calmar Ratio Rank: 6262
Calmar Ratio Rank
XJH Martin Ratio Rank: 6363
Martin Ratio Rank
MDY
MDY Risk / Return Rank: 5757
Overall Rank
MDY Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
MDY Sortino Ratio Rank: 5454
Sortino Ratio Rank
MDY Omega Ratio Rank: 4949
Omega Ratio Rank
MDY Calmar Ratio Rank: 6464
Calmar Ratio Rank
MDY Martin Ratio Rank: 6363
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.

XJH vs. MDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Screened S&P Mid-Cap ETF (XJH) 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.

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.

XJHMDYDifference
Sharpe ratioReturn per unit of total volatility
1.74
1.73

+0.02

Sortino ratioReturn per unit of downside risk
2.52
2.51

+0.01

Omega ratioGain probability vs. loss probability

1.30

1.30

0.00

Calmar ratioReturn relative to maximum drawdown

3.01

3.08

-0.07

Martin ratioReturn relative to average drawdown

11.09

11.23

-0.14

XJH vs. MDY - Sharpe Ratio Comparison

The current XJH Sharpe Ratio is 1.74, which is comparable to the MDY Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of XJH and MDY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XJH vs. MDY - Drawdown Comparison

The maximum XJH drawdown since its inception was -25.07%, smaller than the maximum MDY drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for XJH and MDY.

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Drawdown Indicators

XJHMDYDifference

Max Drawdown

Largest peak-to-trough decline

-25.07%

-55.33%

+30.26%

Max Drawdown (1Y)

Largest decline over 1 year

-9.61%

-8.82%

-0.79%

Max Drawdown (3Y)

Largest decline over 3 years

-24.56%

-24.03%

-0.53%

Max Drawdown (5Y)

Largest decline over 5 years

-25.07%

-24.03%

-1.04%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.22%

—

Current Drawdown

Current decline from peak

0.00%

-0.12%

+0.12%

Average Drawdown

Average peak-to-trough decline

-6.77%

-7.02%

+0.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.60%

2.42%

+0.18%

Volatility

XJH vs. MDY - Volatility Comparison

iShares ESG Screened S&P Mid-Cap ETF (XJH) and SPDR S&P MidCap 400 ETF (MDY) have volatilities of 4.74% and 4.53%, 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

XJHMDYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.74%

4.53%

+0.21%

Volatility (6M)

Calculated over the trailing 6-month period

12.31%

11.65%

+0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

16.65%

15.80%

+0.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.96%

19.78%

+0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.87%

21.22%

-1.35%

XJH vs. MDY - Expense Ratio Comparison

XJH has a 0.12% expense ratio, which is lower than MDY's 0.23% 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%.

Dividends

XJH vs. MDY - Dividend Comparison

XJH's dividend yield for the trailing twelve months is around 1.08%, more than MDY's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
MDY
SPDR S&P MidCap 400 ETF		1.01%1.15%1.18%1.21%1.37%0.96%1.12%1.34%1.39%1.18%1.31%1.35%
XJH
iShares ESG Screened S&P Mid-Cap ETF		1.08%1.24%1.24%1.38%1.45%1.04%0.36%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.98, XJH and MDY 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.

XJH has higher volatility (4.74%) compared to MDY (4.53%). In terms of maximum drawdown, XJH dropped -25.07% vs MDY's -55.33%.

On 5-year performance, MDY leads with 8.64% vs 8.33% for XJH. On fees, XJH is cheaper at 0.12% per year. On volatility, MDY has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, MDY has performed better with a 8.64% return vs 8.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XJH is cheaper with a 0.12% expense ratio, compared with 0.23% for MDY.

XJH has the higher dividend yield at 1.08%, compared with 1.01% for MDY.

XJH tracks S&P MidCap 400 Sustainability Screened Index, while MDY tracks S&P MidCap 400 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.12% for XJH and 0.23% for MDY.

XJH currently has the higher Sharpe Ratio (1.74 vs 1.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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