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- Fund Details
SPDR® S&P MIDCAP 400 ETF Trust(MDY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MDY
09/17/2026: MDY (3-star) is currently NOT-A-BUY. Pass it for now.
SPDR® S&P MIDCAP 400 ETF Trust (MDY) provides exposure to 400 medium-sized U.S. companies by tracking the S&P MidCap 400 Index. Its main strengths include deep liquidity, reputable institutional management, and a long history of effective index tracking. MDY serves as a core portfolio holding for investors looking to capture mid-cap growth. Key risks involve market volatility and sensitivity to economic cycles, as mid-caps often underperform during significant market contractions. It is best suited for long-term investors comfortable with mid-cap risk, while those prioritizing the absolute lowest expense ratios may compare it against other industry peers.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Mid-cap stocks often offer a higher growth ceiling compared to mature large-cap equities. |
| Momentum investor | Strong fit while signal remains positive | Mid-cap indices can exhibit strong price trends during broad market rallies. |
| Value investor | Mixed fit | While mid-caps can be undervalued, this index is market-cap weighted rather than value-tilted. |
| Dividend/Income investor | Mixed fit | The fund pays dividends, but its primary focus is capital appreciation rather than high yield. |
| Low-risk investor | Weak fit | Mid-cap stocks generally carry higher volatility than large-cap or dividend-focused portfolios. |
Investor Profile
Ideal Investor Profile
Investors seeking mid-cap U.S. equity exposure who prioritize liquidity and brand reliability.
Suitability
Best for long-term investors looking to diversify their portfolio beyond large-cap stocks.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | Mid-cap stocks are typically more sensitive to market swings than large-cap indices. |
| Market risk | Medium / high | The fund is fully exposed to the fluctuations of the U.S. equity market. |
| Concentration | Low | With 400 holdings, the fund is well-diversified across various industries. |
| Tracking/expense | Low | The passive structure and efficient management keep tracking error very low. |
| Liquidity | Low | High trading volume ensures that entry and exit costs remain minimal. |
| Business/sector quality | Medium | The index excludes the largest, most established firms, focusing on mid-sized growth prospects. |
Risk Analysis
Volatility
MDY carries moderate-to-high volatility typical of mid-cap equity markets.
Market Risk
Risks include economic cycle sensitivity and sector-specific downturns that impact mid-sized businesses.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | US Mid-Cap Equities | 99.5 | Provides diversified exposure to medium-sized US companies that often bridge the gap between small-cap growth and large-cap stability. |
| Cash/collateral | Cash and Cash Equivalents | 0.5 | Represents minor residual cash held for operational purposes or pending investment. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 22.37% | Avg. Invested days 69 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 09/17/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 17, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $25.91B |
| Issuer | State Street Investment Management |
| Expense Ratio | 0.24% |
| Distribution Yield | 1.02% |
| Inception | May 4, 1995 |
Performance
| Period | Total Return |
|---|---|
| YTD | +10.93% |
| 1 Year | +12.46% |
| 3 Year | +13.67% |
| 5 Year | +7.53% |
| 10 Year | +10.55% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 11.85% |
| 3Y Volatility | 15.63% |
| 3Y Sharpe Ratio | 0.61 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
| Sustainability Rating | 2 / 5 |
| Benchmark | S&P 500 TR USD |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Small Cap | 66.64% |
| Mid Cap | 28.22% |
| Micro Cap | 2.92% |
| Large Cap | 1.12% |
Top Sectors
| Sector | Weight |
|---|---|
| Industrials | 22.22% |
| Technology | 17.07% |
| Financial Services | 13.40% |
| Healthcare | 10.77% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 16.99x |
| Portfolio P/B | 2.54x |
| Portfolio P/S | 1.48x |
| Holdings Turnover | 20.07% |
Top Holdings
| Holding | Weight |
|---|---|
| Twilio | 1.00% |
| Illumina | 0.91% |
| TechnipFMC | 0.87% |
| Everpure | 0.82% |
| Okta | 0.81% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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