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MDYvsQVMMETF Comparison
SPDR S&P MIDCAP 400 ETF Trust (MDY) belongs to the US Mid Cap segment. Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is part of the US Multi-Factor segment. Both ETFs have the same top 3 sector exposures: Industrials, Financials and Information Technology. MDY is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.15% for QVMM. MDY is up 3.55% year-to-date (YTD) with -$767M in YTD flows. QVMM performs worse with 2.36% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of MDY and QVMM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
MDY vs QVMM performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MDY QVMM | -4.44%-4.67% | +0.94%+0.99% | +3.55%+2.36% | +18.83%+18.61% | +47.42%+47.36% | +38.92%n/a |
| Flows | MDY QVMM | +$62M+$3M | -$243M+$3M | -$767M+$3M | -$1.70B+$168K | -$1.13B+$31M | -$2.30B- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MDY QVMM | +15.01%+14.77% | +20.79%+20.66% | +18.01%+17.89% | +19.83%n/a |
| Max drawdown | MDY QVMM | -5.36%-6.68% | -15.01%-14.90% | -23.91%-23.85% | -23.91%n/a |
| Max drawdown duration | MDY QVMM | 17d10d | 46d46d | 379d379d | 379dn/a |
MDY | QVMM | |
Last sale 3/12/2026 at 1:30 PM | $611.77 | $31.48 |
| Previous close 03/12/2026 | $624.53 | $32.08 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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MDY | QVMM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
MDY | QVMM | |
|---|---|---|
| Last price | $611.77 | $31.48 |
| 1D performance | -2.04% | -1.90% |
| AuM | $24.28 B | $383.53 M |
| E/R | 0.23% | 0.15% |
MDY | QVMM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | SPDR | Invesco |
| Benchmark | S&P MidCap 400 Index | S&P MidCap 400 Quality, Value & Momentum Top 90% Multi-factor Index |
| N° of holdings | 382 | 345 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 4, 1995 | June 30, 2021 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the MDY and QVMM ETFs performed in 2026?
As of March 11, 2026, MDY is up 3.55% year-to-date (YTD), while QVMM has returned 2.36%. That puts MDY better performer ahead so far this year.
Which ETF is attracting more investor money: MDY or QVMM?
Year-to-date, the MDY ETF saw -$767M in flows, compared to +$3M for QVMM.
Which ETF is more volatile: MDY or QVMM?
Over the past year, MDY had a volatility of 20.79%, while QVMM experienced 20.66%.
Which ETF is bigger: MDY or QVMM?
As of March 11, 2026, MDY holds $24.28 B in assets under management (AUM), while QVMM manages $383.53 M.
What sectors do the MDY and QVMM ETFs invest in?
MDY leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, QVMM focuses on Industrials, Financials and Information Technology.
What are the top holdings of the MDY ETF and QVMM ETF?
MDY top holdings include CIENA, US19247G1076 and LUMENTUM HOLDINGS. QVMM holds in its top three: CIENA, PURE STORAGE and US19247G1076.
Which ETF is more diversified: MDY or QVMM?
MDY holds 399 securities with 10.49% of its assets in the top 15. QVMM has 358 securities and a top 15 weight of 11.29%.
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