MDY vs SPSM
State Street SPDR S&P MIDCAP 400 ETF Trust vs State Street SPDR Portfolio S&P 600 Small 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.
State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund issued by SPDR that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.52%. Launched in 2013, the fund has a 13-year track record.
Quick Verdict
SPSM is significantly cheaper at 0.03% vs 0.24% expense ratio, saving you approximately $415 per $10,000 invested over 10 years. Over the past year, SPSM has significantly outperformed with a 37.6% return 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
0 of top 10 holdings overlap (0% 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% |
SPSM Top Holdings
| Name | Weight |
|---|---|
| Viavi Solutions Inc.VIAV | 0.60% |
| FormFactor, Inc.FORM | 0.57% |
| Eastman Chemical CompanyEMN | 0.53% |
| Primoris Services CorporationPRIM | 0.53% |
| Element Solutions IncESI | 0.53% |
| Argan, Inc.AGX | 0.51% |
| Semtech CorporationSMTC | 0.51% |
| ESCO Technologies Inc.ESE | 0.50% |
| Match Group, Inc.MTCH | 0.49% |
| Viasat, Inc.VSAT | 0.48% |
Which One Should You Choose?
Choose SPSM if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose SPSM if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose SPSM if...
you prioritize dividend income and want higher regular distributions from your portfolio.