SPMD
State Street 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
15.8 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) | $15,785 |
| 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 +
| CIENA CORP | 1.0 % |
| REGAL BELOIT CORP | 1.0 % |
| COHERENT CORP | 0.8 % |
| LUMENTUM HOLDINGS INC | 0.7 % |
| FLEXTRONICS INTL LTD | 0.7 % |
| CURTISS-WRIGHT CORP | 0.7 % |
| CASEY'S GENERAL STORES INC | 0.7 % |
| ILLUMINA INC | 0.6 % |
| PURE STORAGE, INC. CLASS A | 0.6 % |
| UNITED THERAPEUTICS CORP | 0.6 % |
Constituent Breakdown
| Number of holdings | 382 |
| Herfindahl-Hirschman Index | 35 |
| Wgt avg mkt cap (mns) | $10,340 |
| Large cap (>$10bn) | 48.3% |
| Mid cap ($2-10bn) | 46.2% |
| Small cap (<$2bn) | 0.8% |
| Developed mkts. | 95.5% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 89.9 % |
 |
BRITAIN | 2.0 % |
 |
BERMUDA | 0.8 % |
 |
SINGAPORE | 0.7 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.9% | 5.9% | 9.0% | 10.9% | 7.5% | 8.5% | 6.3% | 6.4% |
| Dividend Yield | 1.6% | 1.6% | 1.6% | 1.7% | 1.6% | 1.8% | 3.0% | 3.0% |
| Total Returns | 7.4% | 7.4% | 10.6% | 12.5% | 9.1% | 10.4% | 9.3% | 9.4% | Ann. Volatility | 21.1% | 21.1% | 18.6% | 18.3% | 19.9% | 21.4% | 22.2% | 22.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 82% |
| MSCI EAFE | 0.98 | 58% |
| MSCI Emg Mkts | 0.86 | 51% |
Liquidity Measures
| Avg. volume (000) | 2,098 |
| ADV traded (mns) | $127 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $58.66 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.66/0.53 |
| Bollinger Bands (Upper/Lower) | $60.54/$57.48 |
| Short interest (% of AUM) | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | 94.3% | +21 bp | +6.7% |
| SPMD | State Street SPDR Portfolio S&P 400 Mid Cap ETF | 94.3% | 0 bp | +6.9% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 91.9% | +4 bp | +6.8% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 85.0% | +9 bp | +6.6% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 80.7% | +12 bp | +7.0% |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 62.3% | +15 bp | +8.5% |
| MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | 61.8% | +12 bp | +8.5% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 61.6% | +14 bp | +5.0% |
| IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 61.2% | +7 bp | +5.8% |
| MDYG | State Street SPDR S&P 400 Mid Cap Growth ETF | 60.8% | +12 bp | +5.0% |
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
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 1/12/2026
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
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
6.9%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 1045 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.2%. SPMD's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places SPMD in the 75th 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