MDYV vs VYM
State Street SPDR S&P 400 Mid Cap Value ETF vs Vanguard High Dividend Yield ETF
Which is better, MDYV or VYM?
Mid Cap Value against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. MDYV is less concentrated, with 10.2% of the fund in its ten largest positions against 25.9%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.15% | 0.04%Best |
| AUM | $2.8B | $81.6B |
| Dividend Yield | 1.67% | 2.22% |
| Holdings | 299 | 613 |
| YTD Return | +9.92% | +13.75%Best |
| 1Y Return | +13.14% | +19.42%Best |
| 3Y Return (annualized) | +13.45% | +18.22%Best |
| 5Y Return (annualized) | +8.49% | +12.17%Best |
| Volatility (annualized) | 19.4% | 14.5%Best |
| Max Drawdown | -62.6% | -58.8%Best |
| $10,000 over 5 years | $15,030 | $17,758Best |
| Top 10 Weight | 10.2%Best | 25.9% |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Nov 8, 2005 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 9, 2026 (19.8 years).
MDYV vs VYM 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 19.8 years both funds cover.
MDYV vs VYM Performance
State Street SPDR S&P 400 Mid Cap Value ETF (MDYV) is an ETF from State Street Investment Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year MDYV returned +13.14% while VYM returned +19.42%. Year to date, MDYV is up 9.92% versus a gain of 13.75% for VYM.
Over three years, MDYV compounded at +13.45% per year against +18.22% for VYM; over five years the annualized figures are +8.49% and +12.17% respectively. Across the full 20-year window we track, VYM has the edge at +6.94% annualized vs +6.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MDYV has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 14.5% for VYM. 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 -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MDYV charges 0.15% per year while VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, MDYV currently yields 1.67% against 2.22% for VYM.
Holdings Overlap
48.3% of MDYV's money is in holdings VYM also owns. 4.2% of VYM's money is in holdings MDYV also owns.
The two portfolios partly overlap.
138 positions in common, counted across the 298 positions we hold weights for in MDYV and 603 in VYM, against full books of 299 and 613.
What only one of them owns
Our book lists 432 positions for VYM that do not appear in our book for MDYV (93.2% of the fund), and 155 for MDYV that do not appear in VYM (50.0%).
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.
Top Shared Holdings
| Stock | Weight in MDYV | Weight in VYM | Difference |
|---|---|---|---|
| RSReliance Steel & Aluminum Co. | 1.19% | 0.08% | 1.11% |
| OVVOvintiv Inc. | 0.94% | 0.06% | 0.88% |
| PNFPPinnacle Financial Partners In Common Stock Usd1.0 | 0.92% | 0.06% | 0.86% |
| PRPermian Resource | 0.90% | 0.06% | 0.84% |
| RGAReinsurance Group Of America Inc | 0.87% | 0.06% | 0.81% |
| UNMUnum Group | 0.75% | 0.06% | 0.69% |
| DINOHF Sinclair Corp | 0.76% | 0.04% | 0.72% |
| FNFFidelity Nationa | 0.73% | 0.05% | 0.68% |
| BWABorgWarner Inc | 0.72% | 0.06% | 0.66% |
| WBSWebster Financial Corp Preferred Stock | 0.71% | 0.05% | 0.66% |
48.3% of MDYV is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MDYV or VYM?
MDYV has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, MDYV or VYM?
Over the past year MDYV returned +13.14% vs +19.42% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), MDYV annualized +6.51% vs +6.94% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MDYV or VYM?
MDYV has been the more volatile fund at 19.4% annualized versus 14.5% for VYM. Worst drawdown: MDYV -62.6% vs VYM -58.8%.
Should I hold both MDYV and VYM?
MDYV and VYM have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between MDYV and VYM?
48.3% of MDYV's money is in holdings VYM also owns. 4.2% of VYM's is in holdings MDYV also owns. They hold 138 positions in common, counted across the 298 positions we hold weights for in MDYV and 603 in VYM.
Which pays a higher dividend, MDYV or VYM?
MDYV yields 1.67% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than MDYV?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. MDYV is less concentrated, with 10.2% of the fund in its ten largest positions against 25.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.