MDY — State Street SPDR S&P MIDCAP 400 ETF Trust
US Mid Cap Ranked #88 of 120 tracked ETFs · Issued by State Street Investment Management
Overview
The State Street SPDR S&P MIDCAP 400 ETF Trust, identified by the ticker MDY, operates within the US Mid Cap category managed by State Street Investment Management. This fund tracks a universe of 5 ETFs in its specific category and holds an overall rank of #88 out of 120 tracked ETFs across all sectors. It carries an ETFValuer grade of C with a score of 56.1 out of 100, reflecting its current standing relative to peers. The fund charges an expense ratio of 0.23% and offers a dividend yield of 0.99% to shareholders. With assets under management totaling $28.1 billion and a share price of $681.47, the ETF demonstrates significant investor adoption and liquidity. These metrics position the fund as a substantial vehicle within the mid-cap space despite its mid-tier overall ranking.
Short-term performance shows a decline over the last day at -0.97% and a steeper drop of -3.11% over the past week. However, the trend reverses into positive territory over longer horizons, with a 1-month return of +1.27% and a 3-month gain of +9.15%. Year-to-date returns stand at +12.03%, while the 6-month return has reached +10.57%. The 1-year return is recorded at +19.48%, and the 3-year return totals +43.41%. This pattern indicates a shift from recent short-term weakness to sustained positive momentum over the medium and long term.
The fund is assigned a Moderate volatility label and maintains a beta of 0.99, suggesting its price movements align closely with the broader market. A Sharpe ratio of 0.92 indicates the fund has generated a reasonable risk-adjusted return relative to its volatility. Despite these metrics, the maximum drawdown reached -24.03%, highlighting the potential for significant temporary losses during market downturns. The combination of a beta near 1.0 and a moderate volatility rating implies the fund generally mirrors market swings without extreme amplification. The substantial drawdown figure alongside the positive Sharpe ratio suggests that while the fund experiences notable declines, it has also delivered sufficient returns to compensate for that risk over the measured period.
AI-generated summary based on the data on this page.
Market Backdrop
10-Year Treasury Yield: 4.55% (as of 2026-07-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 16.13 (as of 2026-07-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
MDY Performance History
| Period | Return |
|---|---|
| 1-Day | -0.97% |
| 1-Week | -3.11% |
| 1-Month | +1.27% |
| 3-Month | +9.15% |
| 6-Month | +10.57% |
| YTD | +12.03% |
| 1-Year | +19.48% |
| 3-Year | +43.41% |
How MDY Compares to Other US Mid Cap ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #52 | B |
SCHM | Schwab U.S. Mid-Cap ETF | +25.82% | 0.03% | $15.3B |
| #60 | C |
VO | Vanguard Mid-Cap Index Fund ETF Shares | +15.23% | 0.03% | $224B |
| #63 | C |
IWR | iShares Russell Mid-Cap ETF | +18.64% | 0.18% | $57.0B |
| #66 | C |
IJH | iShares Core S&P Mid-Cap ETF | +19.88% | 0.05% | $124B |
| #88 | C |
MDY | State Street SPDR S&P MIDCAP 400 ETF Trust | +19.48% | 0.23% | $28.1B |