ETF Versus

MDY vs VTV

State Street SPDR S&P MIDCAP 400 ETF Trust vs Vanguard Value Index Fund ETF Shares

Last updated: 2026-04-02

MDY State Street

State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) is an exchange-traded fund issued by State Street 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 1.15%. Launched in 1995, the fund has a 31-year track record.

AUM: $24.2B ER: 0.24% Yield: 1.15% Since: 1995-05-04
VTV Vanguard

Vanguard Value Index Fund ETF Shares (VTV) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 2.02%. Launched in 2004, the fund has a 22-year track record.

AUM: $217.8B ER: 0.04% Yield: 2.02% Since: 2004-01-30

Quick Verdict

VTV is significantly cheaper at 0.04% vs 0.24% expense ratio, saving you approximately $395 per $10,000 invested over 10 years. Both funds have delivered similar 1-year returns (13.9% vs 13.7%), tracking closely. Income investors may prefer VTV for its higher yield (2.0% vs 1.1%).

Key Metrics

Metric MDY VTV
Expense Ratio 0.24% 0.04%
Dividend Yield 1.1% 2.0%
Fund Family State Street Vanguard
Category US Mid Cap US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

80 96 112 128 144 160 2021-04 2022-06 2023-10 2024-12 2026-04
MDY +27.8%
VTV +47.9%

Performance Comparison

Period MDY VTV Difference
1 Month -4.04% -3.57% -0.47%
3 Months +1.57% +2.16% -0.59%
6 Months +3.21% +5.15% -1.94%
YTD +1.57% +2.16% -0.59%
1 Year +13.95% +13.67% +0.28%
3 Years +35.56% +41.47% -5.91%
5 Years +27.83% +47.89% -20.06%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period MDY Fees VTV Fees You Save
$10,000 10 years $475 $80 $395
$10,000 20 years $2,028 $344 $1,684
$10,000 30 years $6,497 $1,112 $5,385
$50,000 10 years $2,375 $399 $1,976
$50,000 30 years $32,483 $5,560 $26,923
$100,000 30 years $64,967 $11,121 $53,846

Risk Metrics

Based on 5 years of daily returns

Metric MDY VTV
Annualized Volatility 19.8% 13.9%
Max Drawdown -24.5% -18.1%
Sharpe Ratio 0.12 0.31

Dividend Comparison

Metric MDY VTV
Annual Dividend (per share) $7.12 $3.97
Dividend Yield 1.15% 2.02%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

MDY Top Holdings

NameWeight
Ciena Corp102.57%
Coherent Corp90.18%
Lumentum Holdings Inc81.25%
Flex Ltd69.47%
Twilio Inc67.05%
United Therapeutics Corp65.23%
Pure Storage Inc65.05%
Casey's General Stores Inc63.89%
Curtiss-Wright Corp63.20%
Illumina Inc62.31%

VTV Top Holdings

NameWeight
JPMorgan Chase & Co355.90%
Berkshire Hathaway Inc331.62%
Exxon Mobil Corp214.47%
Johnson & Johnson210.71%
Walmart Inc206.46%
AbbVie Inc170.66%
Bank of America Corp147.71%
Home Depot Inc/The144.77%
Procter & Gamble Co/The141.52%
Micron Technology Inc135.73%

Which One Should You Choose?

Choose VTV if...

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

Choose VTV if...

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

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