MDY vs SCHM
State Street SPDR S&P MIDCAP 400 ETF Trust vs Schwab U.S. Mid-Cap ETF
Last updated: 2026-04-10
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.
Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund issued by Schwab that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.35%. Launched in 2011, the fund has a 15-year track record.
Quick Verdict
SCHM is significantly cheaper at 0.04% vs 0.24% expense ratio, saving you approximately $395 per $10,000 invested over 10 years. SCHM has edged ahead over the past year (34.8% vs 31.1%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
3 of top 10 holdings overlap (30% overlap in 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% |
SCHM Top Holdings
| Name | Weight |
|---|---|
| Sandisk CorporationSNDK | 2.21% |
| Ciena CorporationCIEN | 1.27% |
| Lumentum Holdings Inc.LITE | 1.14% |
| Coherent Corp.COHR | 0.98% |
| Bloom Energy CorporationBE | 0.72% |
| Tapestry, Inc.TPR | 0.60% |
| TechnipFMC plcFTI | 0.60% |
| Casey's General Stores, Inc.CASY | 0.57% |
| Texas Pacific Land CorporationTPL | 0.54% |
| Curtiss-Wright CorporationCW | 0.53% |
Which One Should You Choose?
Choose SCHM if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose SCHM if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Either works if...
you just need broad us mid cap exposure. Both are solid options — pick whichever your brokerage offers commission-free.