SPMD — State Street SPDR Portfolio S&P 400 Mid Cap ETF
US Mid Cap Ranked #200 of 458 tracked ETFs · Issued by State Street Investment Management
SPMD Price Performance — Growth of $10,000
Value of a $10,000 investment in SPMD over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
SPMD Drawdown
The "underwater" chart: SPMD's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in SPMD?
See what a lump sum in SPMD would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The State Street SPDR Portfolio S&P 400 Mid Cap ETF is a mid-cap equity fund issued by State Street Investment Management with $17.9 billion in assets. It holds a C grade and ranks seventh among 14 peers in the US Mid Cap category, placing it at number 200 across all tracked ETFs. The fund’s 0.03% expense ratio is significantly lower than the category median of 0.15%, while its 1.32% dividend yield slightly exceeds the peer average of 1.27%. Top holdings constitute 9.8% of assets, with the largest single position being State Street Global Advisors at 2.8%.
The fund has delivered a 13.29% return over the past year, narrowly outperforming the category median of 13.21%. Short-term performance shows divergence, with a -0.55% drop in the last day contrasting against a +9.08% year-to-date gain. The current price of $63.40 sits at 61.4% of its 52-week range, indicating a position closer to the upper end of recent trading levels. The ETFValuer grade has remained unchanged at C for the last 35 tracked days, based on available price history spanning three years.
With a beta of 1.00, the fund’s movements have mirrored the broader market’s volatility over the measured period. Annualized volatility of 15.09% is classified as moderate, accompanied by a Sharpe ratio of 0.55 that reflects the risk-adjusted return profile. The maximum drawdown of -24.08% highlights the peak-to-trough decline experienced during the record period. Liquidity is supported by an average daily volume of 1,644,123 shares, facilitating standard trading activity.
AI-generated summary based on the data on this page.
SPMD Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | State Street Global Advisors | 2.83% | $520M |
| 2 | Twilio Inc | 0.86% | $159M |
| 3 | Carpenter Technology Corp | 0.84% | $155M |
| 4 | MKS Inc | 0.83% | $152M |
| 5 | Curtiss-Wright Corp | 0.77% | $142M |
| 6 | Entegris Inc | 0.76% | $139M |
| 7 | nVent Electric PLC | 0.76% | $139M |
| 8 | ATI Inc | 0.74% | $136M |
| 9 | Illumina Inc | 0.73% | $135M |
| 10 | TechnipFMC PLC | 0.73% | $134M |
Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 9.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SPMD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With SPMD
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPMD's top 10 — IJH overlaps most, holding 9 of the same companies as SPMD's top 10 (7.0% of SPMD's assets).
| ETF | Name | Shared Companies | SPMD Weight | Examples |
|---|---|---|---|---|
| IJH | iShares Core S&P Mid-Cap ETF | 9 | 7.0% | Twilio Inc, Carpenter Technology Corp, MKS Inc… |
| MDYG | State Street SPDR S&P 400 Mid Cap Growth ETF | 7 | 7.5% | State Street Global Advisors, Twilio Inc, Carpenter Technology Corp… |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 6 | 4.7% | Twilio Inc, Carpenter Technology Corp, Curtiss-Wright Corp… |
| VBK | Vanguard Morningstar Small-Cap Growth ETF | 3 | 2.5% | Twilio Inc, Carpenter Technology Corp, Curtiss-Wright Corp |
| XAR | State Street SPDR S&P Aerospace & Defense ETF | 2 | 3.7% | State Street Global Advisors, Carpenter Technology Corp |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What SPMD's Fees Cost You
SPMD charges an expense ratio of 0.03% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
SPMD Dividend Income Estimator
SPMD currently yields 1.32%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
SPMD Liquidity, Domicile & Tax Treatment
Liquidity: Average daily volume is 1.6M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $17.9B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: SPMD is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
SPMD Performance History
| Period | Return |
|---|---|
| 1-Day | -0.55% |
| 1-Week | +0.03% |
| 1-Month | -0.47% |
| 3-Month | -4.46% |
| 6-Month | -0.01% |
| YTD | +9.08% |
| 1-Year | +13.29% |
| 3-Year | +61.04% |
How SPMD Compares to Other US Mid Cap ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #15 | B+ |
VOE | Vanguard Morningstar Mid-Cap Value ETF | +22.13% | 0.05% | $36.7B |
| #44 | B |
IWS | iShares Russell Mid-Cap Value ETF | +23.07% | 0.23% | $14.8B |
| #93 | B |
IWR | iShares Russell Mid-Cap ETF | +15.49% | 0.18% | $54.9B |
| #105 | B |
SCHM | Schwab U.S. Mid-Cap ETF | +18.40% | 0.03% | $14.3B |
| #112 | B |
VO | Vanguard Morningstar Mid-Cap ETF | +12.06% | 0.03% | $216B |
| #173 | C |
IJH | iShares Core S&P Mid-Cap ETF | +13.23% | 0.05% | $121B |
| #200 | C |
SPMD | State Street SPDR Portfolio S&P 400 Mid Cap ETF | +13.29% | 0.03% | $17.9B |
| #214 | C |
IJJ | iShares S&P Mid-Cap 400 Value ETF | +12.96% | 0.18% | $8.33B |
| #218 | C |
MDY | State Street SPDR S&P MIDCAP 400 ETF Trust | +12.88% | 0.23% | $25.2B |
| #224 | C |
MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | +13.13% | 0.15% | $2.66B |
| #252 | C |
IJK | iShares S&P Mid-Cap 400 Growth ETF | +13.19% | 0.16% | $10.3B |
| #277 | C |
MDYG | State Street SPDR S&P 400 Mid Cap Growth ETF | +13.23% | 0.15% | $2.79B |
| #314 | C |
VOT | Vanguard Morningstar Mid-Cap Growth ETF | -0.22% | 0.05% | $33.2B |
| #394 | D |
IWP | iShares Russell Mid-Cap Growth ETF | -5.86% | 0.23% | $19.3B |