What is the expense ratio of JNK vs MDY?

JNK has an expense ratio of 0.40%, while MDY has an expense ratio of 0.24%.

JNK vs MDY

State Street SPDR Bloomberg High Yield Bond ETF vs State Street SPDR S&P MIDCAP 400 ETF Trust

Last updated: 2026-04-10

JNK SPDR

State Street SPDR Bloomberg High Yield Bond ETF (JNK) is an exchange-traded fund issued by SPDR that provides exposure to below-investment-grade U.S. corporate bonds offering higher yields. It charges an above-average expense ratio of 0.40%. The fund offers a high dividend yield of 6.60%. Launched in 2007, the fund has a 19-year track record.

AUM: $6.9B ER: 0.40% Yield: 6.60% Since: Nov 28, 2007

MDY SPDR

State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) is an exchange-traded fund issued by SPDR that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a moderate expense ratio of 0.24%. The fund offers a moderate dividend yield of 1.11%. Launched in 1995, the fund has a 31-year track record.

AUM: $25.2B ER: 0.24% Yield: 1.11% Since: May 4, 1995

Quick Verdict

MDY is significantly cheaper at 0.24% vs 0.40% expense ratio, saving you approximately $311 per $10,000 invested over 10 years. Over the past year, MDY has significantly outperformed with a 31.1% return vs 4.6%. Income investors may prefer JNK for its higher yield (6.6% vs 1.1%).

Key Metrics

Metric	JNK	MDY
Expense Ratio	0.40%	0.24%
Dividend Yield	6.6%	1.1%
Fund Family	SPDR	SPDR
Category	US High Yield Bond	US Mid Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

JNK -11.4%

MDY +31.8%

Performance Comparison

Period	JNK	MDY	Difference
1 Month	+0.31%	+3.01%	-2.70%
3 Months	-1.30%	+1.74%	-3.04%
6 Months	-0.53%	+9.24%	-9.77%
YTD	-0.85%	+5.23%	-6.08%
1 Year	+4.60%	+31.12%	-26.52%
3 Years	+4.83%	+40.99%	-36.16%
5 Years	-11.39%	+31.81%	-43.20%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	JNK Fees	MDY Fees	You Save
$10,000	10 years	$786	$475	$311
$10,000	20 years	$3,334	$2,028	$1,305
$10,000	30 years	$10,601	$6,497	$4,104
$50,000	10 years	$3,932	$2,375	$1,557
$50,000	30 years	$53,003	$32,483	$20,519
$100,000	30 years	$106,005	$64,967	$41,038

Risk Metrics

Based on 5 years of daily returns

Metric	JNK	MDY
Annualized Volatility	7.7%	19.8%
Max Drawdown	-20.6%	-24.5%
Sharpe Ratio	-0.86	0.15

Dividend Comparison

Metric	JNK	MDY
Annual Dividend (per share)	$6.37	$7.12
Dividend Yield	6.61%	1.11%
Distribution Frequency	Monthly	Quarterly

Top Holdings

MDY Top Holdings

Name	Weight
TechnipFMC plcFTI	0.86%
U.S. DollarCASH_USD	0.85%
Casey's General Stores, Inc.CASY	0.84%
Flex Ltd.FLEX	0.80%
Curtiss-Wright CorporationCW	0.80%
United Therapeutics CorporationUTHR	0.75%
XPO, Inc.XPO	0.74%
Woodward, Inc.WWD	0.70%
FabrinetFN	0.65%
Royal Gold, Inc.RGLD	0.65%

Which One Should You Choose?

Choose MDY if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose MDY if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose JNK if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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