MDYV vs QQQ
State Street SPDR S&P 400 Mid Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, MDYV or QQQ?
Mid Cap Value against Large Cap Growth.
MDYV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. MDYV is less concentrated, with 10.5% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MDYV | QQQ |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.18% |
| AUM | $2.8B | $483.5B |
| Dividend Yield | 1.67% | 0.44% |
| Holdings | 299 | 107 |
| YTD Return | +8.25% | +17.21%Best |
| 1Y Return | +11.59% | +22.10%Best |
| 3Y Return (annualized) | +13.11% | +25.27%Best |
| 5Y Return (annualized) | +8.53% | +14.60%Best |
| Volatility (annualized) | 19.0% | 18.5%Best |
| Max Drawdown | -62.6% | -53.5%Best |
| $10,000 over 5 years | $15,057 | $19,766Best |
| Top 10 Weight | 10.5%Best | 46.5% |
| Fund Family | State Street Investment Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Growth |
| Inception | Nov 8, 2005 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 15, 2005 to Sep 17, 2026 (20.8 years).
MDYV vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 20.8 years both funds cover.
MDYV vs QQQ Performance
State Street SPDR S&P 400 Mid Cap Value ETF (MDYV) is an ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MDYV returned +11.59% while QQQ returned +22.10%. Year to date, MDYV is up 8.25% versus a gain of 17.21% for QQQ.
Over three years, MDYV compounded at +13.11% per year against +25.27% for QQQ; over five years the annualized figures are +8.53% and +14.60% respectively. Across the full 21-year window we track, QQQ has the edge at +14.96% annualized vs +6.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MDYV has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 18.5% for QQQ. 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 -53.5% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
We hold position weights for 298 holdings in MDYV and 102 in QQQ, totalling 100.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 298 positions we hold weights for in MDYV and 102 in QQQ, against full books of 299 and 107.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for MDYV (97.5% of the fund), and 292 for MDYV that do not appear in QQQ (98.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of MDYV and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $3 a year on a $10,000 investment.
Which performed better, MDYV or QQQ?
Over the past year MDYV returned +11.59% vs +22.10% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (21 years), MDYV annualized +6.80% vs +14.96% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MDYV or QQQ?
MDYV has been the more volatile fund at 19.0% annualized versus 18.5% for QQQ. Worst drawdown: MDYV -62.6% vs QQQ -53.5%.
Should I hold both MDYV and QQQ?
MDYV and QQQ have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
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.
Is QQQ better than MDYV?
MDYV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. MDYV is less concentrated, with 10.5% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.