XJH vs. SPMD
XJH (iShares ESG Screened S&P Mid-Cap ETF) and SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) are both Mid Cap Blend Equities funds - XJH tracks the S&P MidCap 400 Sustainability Screened Index while SPMD tracks the S&P MidCap 400 Index. Both are passively managed. Over the past 5 years, XJH returned 7.22%/yr vs 7.85%/yr for SPMD. With a 0.99 correlation, they move nearly in lockstep. XJH charges 0.12%/yr vs 0.05%/yr for SPMD.
Performance
XJH vs. SPMD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XJH having a 11.87% return and SPMD slightly higher at 12.33%.
XJH
- 1D
- -2.05%
- 1M
- -0.88%
- YTD
- 11.87%
- 6M
- 11.82%
- 1Y
- 24.57%
- 3Y*
- 14.70%
- 5Y*
- 7.22%
- 10Y*
- —
SPMD
- 1D
- -1.94%
- 1M
- -0.89%
- YTD
- 12.33%
- 6M
- 11.99%
- 1Y
- 23.91%
- 3Y*
- 15.12%
- 5Y*
- 7.85%
- 10Y*
- 11.15%
XJH vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XJH iShares ESG Screened S&P Mid-Cap ETF | 11.87% | 8.12% | 12.27% | 16.74% | -14.36% | 23.43% | 29.59% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 12.33% | 7.44% | 13.91% | 16.48% | -13.13% | 24.76% | 29.12% |
Correlation
The correlation between XJH and SPMD 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 25, 2020 | 0.99 |
The correlation between XJH and SPMD has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
XJH vs. SPMD — Risk / Return Rank
XJH
SPMD
XJH vs. SPMD - 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 Portfolio S&P 400 Mid Cap ETF (SPMD). 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.
| XJH | SPMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.71 | -0.14 |
| Martin ratioReturn relative to average drawdown | 9.44 | 9.94 | -0.50 |
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
| XJH | SPMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.53 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.40 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.45 | +0.29 |
Drawdowns
XJH vs. SPMD - Drawdown Comparison
The maximum XJH drawdown since its inception was -25.07%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for XJH and SPMD.
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Drawdown Indicators
| XJH | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.07% | -57.62% | +32.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -8.86% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -24.08% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | -24.08% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.86% | — |
Current DrawdownCurrent decline from peak | -2.05% | -1.94% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -8.12% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.41% | +0.20% |
Volatility
XJH vs. SPMD - Volatility Comparison
iShares ESG Screened S&P Mid-Cap ETF (XJH) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) have volatilities of 4.49% and 4.35%, 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
| XJH | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.35% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 11.53% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 15.66% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.94% | 19.71% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 21.18% | -1.29% |
XJH vs. SPMD - Expense Ratio Comparison
XJH has a 0.12% expense ratio, which is higher than SPMD's 0.05% expense ratio. However, 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. SPMD - Dividend Comparison
XJH's dividend yield for the trailing twelve months is around 1.12%, less than SPMD's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.25% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
XJH iShares ESG Screened S&P Mid-Cap ETF | 1.12% | 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 SPMD 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 (4.49%) compared to SPMD (4.35%). In terms of maximum drawdown, XJH dropped -25.07% vs SPMD's -57.62%.
On 5-year performance, SPMD leads with 7.85% vs 7.22% for XJH. On fees, SPMD is cheaper at 0.05% per year. On volatility, SPMD has been the lower-risk option at 4.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPMD has performed better with a 7.85% return vs 7.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMD is cheaper with a 0.05% expense ratio, compared with 0.12% for XJH.
SPMD has the higher dividend yield at 1.25%, compared with 1.12% for XJH.
XJH tracks S&P MidCap 400 Sustainability Screened Index, while SPMD 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 0.05% for SPMD.
SPMD currently has the higher Sharpe Ratio (1.53 vs 1.51), 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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