MDYV vs QQQ
State Street SPDR S&P 400 Mid Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
MDYV has a lower expense ratio. QQQ delivered stronger 1-year returns. MDYV offers more diversification with 304 holdings.
Side-by-Side Comparison
| Metric | MDYV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.18% | |
| AUM | $2.9B | $496.3B | |
| Dividend Yield | 1.67% | 0.44% | |
| Holdings | 304 | 108 | |
| YTD Return | +12.82% | +16.64% | |
| 1Y Return | +19.66% | +27.27% | |
| 3Y Return (annualized) | +14.55% | +25.96% | |
| 5Y Return (annualized) | +9.05% | +14.54% | |
| Volatility (annualized) | 19.0% | 30.6% | |
| Max Drawdown | -62.6% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2005 | Mar 10, 1999 |
MDYV vs QQQ Performance
State Street SPDR S&P 400 Mid Cap Value ETF (MDYV) is a ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MDYV returned +19.66% while QQQ returned +27.27%. Year to date, MDYV is up 12.82% versus a gain of 16.64% for QQQ.
Over three years, MDYV compounded at +14.55% per year against +25.96% for QQQ; over five years the annualized figures are +9.05% and +14.54% respectively. Across the full 21-year window we track, QQQ has the edge at +13.03% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 19.0% for MDYV. 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 -62.6% for MDYV and -83.0% for QQQ. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MDYV charges 0.15% per year while QQQ charges 0.18%. On a $10,000 position that is $15 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, MDYV currently yields 1.67% against 0.44% for QQQ.
Holdings Overlap
MDYV and QQQ share 0 holdings out of 400 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MDYV or QQQ?
MDYV has an expense ratio of 0.15% while QQQ charges 0.18%. MDYV is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, MDYV or QQQ?
Over the past year MDYV returned +19.66% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (21 years), MDYV annualized +7.04% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, MDYV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.0% for MDYV. Worst drawdown: MDYV -62.6% vs QQQ -83.0%.
Should I hold both MDYV and QQQ?
MDYV and QQQ have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MDYV and QQQ?
MDYV and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 400 unique securities.
Which pays a higher dividend, MDYV or QQQ?
MDYV yields 1.67% while QQQ yields 0.44%, so MDYV currently pays the higher dividend yield.
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