SPMD
SPDR Portfolio S&P 400 Mid Cap ETF
The SPDR S&P 1000 ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1000 Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
11.8 B
ASSETS UNDER MGMT
3 bp
EXPENSES
Fund Basics
| Fund sponsor | SSgA Funds Management Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 08, 2005 |
| Assets (mns) | $11,786 |
| Expense ratio | 3 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| RB GLOBAL INC | 0.7 % |
| WATSCO INC | 0.7 % |
| EMCOR GROUP INC | 0.7 % |
| INTERACTIVE BROKERS GRO-CL A | 0.7 % |
| CASEY'S GENERAL STORES INC | 0.7 % |
| FIDELITY NATIONAL FINANCIAL, INC - FNF G | 0.6 % |
| SPROUTS FARMERS MARKET INC | 0.6 % |
| GUIDEWIRE SOFTWARE INC | 0.6 % |
| CARLISLE COS INC | 0.6 % |
| BJ'S WHOLESALE CLUB HOLDINGS, INC. | 0.6 % |
Constituent Breakdown
| Number of holdings | 388 |
| Herfindahl-Hirschman Index | 33 |
| Wgt avg mkt cap (mns) | $9,025 |
| Large cap (>$10bn) | 39.4% |
| Mid cap ($2-10bn) | 59.8% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.4 % |
 |
BRITAIN | 1.2 % |
 |
BERMUDA | 1.0 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -8.7% | -0.4% | 7.0% | 4.5% | 11.6% | 5.7% | -- | 5.8% |
| Dividend Yield | 0.3% | 1.5% | 1.6% | 1.7% | 1.7% | 2.2% | -- | 3.0% |
| Total Returns | -8.4% | 1.1% | 8.6% | 6.1% | 13.3% | 7.9% | -- | 8.8% | Ann. Volatility | 29.5% | 21.5% | 19.0% | 21.0% | 21.2% | 21.4% | -- | 22.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.13 | 82% |
| MSCI EAFE | 0.97 | 64% |
| MSCI Emg Mkts | 0.66 | 30% |
Liquidity Measures
| Avg. volume (000) | 2,873 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $18,546 |
Technical Indicators
| Recent close | $49.94 |
| 30d moving avg. | $49.57 |
| Annualized volatility | 20.7% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 4.3% |
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. SPMD |
Expenses vs. SPMD |
ALTAR Score™ vs. SPMD |
|---|---|---|---|---|
| MDY | SPDR S&P Midcap 400 ETF Trust | 93.7% | +21 bp | -0.2% |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 93.7% | 0 bp | 0.0% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 93.7% | +7 bp | -0.1% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 85.7% | +12 bp | -0.2% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 84.4% | +9 bp | -0.4% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 61.4% | +14 bp | -1.8% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 61.4% | +12 bp | +1.7% |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 61.4% | +15 bp | +1.6% |
| IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 61.3% | +12 bp | -1.8% |
| MDYV | SPDR S&P 400 Mid Cap Value ETF | 61.1% | +12 bp | +1.6% |
Risk and Returns: SPMD 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/30/2025
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
SPMD
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™
SPMD
8.3%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. SPMD's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places SPMD in the 74th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPMDSELL
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 |
| SPMD (3 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPMD | 3.0 | 2.3 | 5.3 |
| Peer Avg. | 32.3 | 15.1 | 47.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .