MDYV vs SPY
State Street SPDR S&P 400 Mid Cap Value 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 | MDYV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.09% | |
| AUM | $2.8B | $789.1B | |
| Dividend Yield | 1.68% | 1.01% | |
| Holdings | 304 | 505 | |
| YTD Return | +14.46% | +14.47% | |
| 1Y Return | +19.58% | +21.96% | |
| 3Y Return (annualized) | +13.50% | +21.70% | |
| 5Y Return (annualized) | +9.02% | +13.30% | |
| Volatility (annualized) | 19.0% | 15.3% | |
| Max Drawdown | -62.6% | -56.5% | |
| Fund Family | State Street Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2005 | Jan 22, 1993 |
MDYV vs SPY Performance
State Street SPDR S&P 400 Mid Cap Value ETF (MDYV) is a ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MDYV returned +19.58% while SPY returned +21.96%. Year to date, MDYV is up 14.46% versus a gain of 14.47% for SPY.
Over three years, MDYV compounded at +13.50% per year against +21.70% for SPY; over five years the annualized figures are +9.02% and +13.30% respectively. Across the full 21-year window we track, SPY has the edge at +8.87% annualized vs +7.12%. 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 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 -62.6% for MDYV 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MDYV charges 0.15% per year while SPY charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, MDYV currently yields 1.68% against 1.01% for SPY.
Holdings Overlap
MDYV and SPY share 0 holdings out of 806 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 SPY?
MDYV has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, MDYV or SPY?
Over the past year MDYV returned +19.58% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (21 years), MDYV annualized +7.12% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, MDYV or SPY?
MDYV has been the more volatile fund at 19.0% annualized versus 15.3% for SPY. Worst drawdown: MDYV -62.6% vs SPY -56.5%.
Should I hold both MDYV and SPY?
MDYV and SPY have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MDYV and SPY?
MDYV and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 806 unique securities.
Which pays a higher dividend, MDYV or SPY?
MDYV yields 1.68% while SPY yields 1.01%, so MDYV currently pays the higher dividend yield.
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