MDYV
SPDR S&P 400 Mid Cap Value ETF
SPDR Dow Jones Mid Cap Value ETF objective is to replicate as closely as possible the performance of the Dow Jones Wilshire Mid Cap Value Index. The Fund will invest its assets in the common s
US
EQUITY
Rules-Based
MANAGEMENT STYLE
3.8 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 08, 2005 |
| Assets (mns) | $3,776 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ILLUMINA INC | 1.5 % |
| REGAL BELOIT CORP | 1.5 % |
| CHESAPEAKE ENERGY CORP | 1.4 % |
| DOCUSIGN, INC. | 1.3 % |
| US FOODS HOLDING CORP. | 1.1 % |
| COHERENT CORP | 1.1 % |
| FIDELITY NATIONAL FINANCIAL, INC - FNF G | 1.0 % |
| REINSURANCE GROUP OF AMERICA | 0.9 % |
| PERFORMANCE FOOD GROUP COMPANY | 0.9 % |
| JEFFERIES FINANCIAL GROUP INC. | 0.9 % |
Constituent Breakdown
| Number of holdings | 282 |
| Herfindahl-Hirschman Index | 51 |
| Wgt avg mkt cap (mns) | $9,334 |
| Large cap (>$10bn) | 39.5% |
| Mid cap ($2-10bn) | 58.4% |
| Small cap (<$2bn) | 1.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.2 % |
 |
BRITAIN | 1.4 % |
 |
BERMUDA | 1.3 % |
 |
SINGAPORE | 0.7 % |
 |
IRELAND | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.7% | 31.9% | 14.7% | 10.9% | 12.4% | 9.9% | 9.2% | Volatility | 15.6% | 16.7% | 18.1% | 20.0% | 26.5% | 21.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 73% |
| MSCI EAFE | 1.02 | 68% |
| MSCI Emg Mkts | 0.72 | 33% |
Liquidity Measures
| Avg. volume (000) | 679 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $17,559 |
Technical Indicators
| Recent close | $80.33 |
| 30d moving avg. | $85.04 |
| Annualized volatility | 21.5% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 4.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MDYV |
Expenses vs. MDYV |
ALTAR Score™ vs. MDYV |
|---|---|---|---|---|
| MDYV | SPDR S&P 400 Mid Cap Value ETF | 97.2% | 0 bp | 0.0% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 95.4% | 0 bp | 0.0% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 63.6% | +9 bp | -0.8% |
| IJH | iShares Core S&P Mid-Cap ETF | 63.5% | -10 bp | -0.7% |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 61.9% | -12 bp | -0.7% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 61.3% | -5 bp | -0.7% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 60.9% | 0 bp | -0.3% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 59.2% | -3 bp | -0.5% |
| RWK | Invesco S&P MidCap 400 Revenue ETF | 55.6% | +24 bp | -0.1% |
| MIDE | Xtrackers S&P MidCap 400 ESG ETF | 54.5% | 0 bp | -0.2% |
Risk and Returns: MDYV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
MDYV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
MDYV
7.3%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. MDYV's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places MDYV in the 75th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MDYVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| MDYV (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MDYV | 15.0 | 6.0 | 21 |
| Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .