MDCP vs SPY
VictoryShares THB Mid Cap ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | MDCP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.09% | |
| AUM | $1M | $789.1B | |
| Dividend Yield | 0.28% | 1.01% | |
| Holdings | 31 | 505 | |
| YTD Return | -3.33% | +13.68% | |
| 1Y Return | -1.11% | +21.53% | |
| 3Y Return (annualized) | +5.59% | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 19.7% | 15.3% | |
| Max Drawdown | -27.5% | -56.5% | |
| Fund Family | Victory Capital Management Inc. | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 4, 2021 | Jan 22, 1993 |
MDCP vs SPY Performance
VictoryShares THB Mid Cap ETF (MDCP) is a ETF from Victory Capital Management Inc. and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MDCP returned -1.11% while SPY returned +21.53%. Year to date, MDCP is down 3.33% versus a gain of 13.68% for SPY.
Over three years, MDCP compounded at +5.59% per year against +21.44% for SPY. Across the full 4-year window we track, SPY has the edge at +8.85% annualized vs +3.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MDCP has been the more volatile fund, with annualized monthly volatility of 19.7% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -27.5% for MDCP and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MDCP charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, MDCP currently yields 0.28% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, MDCP or SPY?
MDCP has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, MDCP or SPY?
Over the past year MDCP returned -1.11% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), MDCP annualized +3.26% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, MDCP or SPY?
MDCP has been the more volatile fund at 19.7% annualized versus 15.3% for SPY. Worst drawdown: MDCP -27.5% vs SPY -56.5%.
Should I hold both MDCP and SPY?
MDCP and SPY have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, MDCP or SPY?
MDCP yields 0.28% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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