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ETFs

SPDR Portfolio S&P 400 Mid Cap ETF

SPMD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 08 2005
Expense Ratio
0.05%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$34,534,667
AUM
$5,914,304,965
Associated Index
S&P Midcap 400 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FICO
Fair, Isaac Corp.
0.83%
AXON
Axon Enterprise Inc
0.71%
RS
Reliance Steel & Aluminum Co.
0.70%
HUBB
Hubbell Inc.
0.63%
LSCC
Lattice Semiconductor Corp.
0.62%
BLDR
Builders Firstsource Inc
0.59%
ACM
AECOM
0.57%
CSL
Carlisle Companies Inc.
0.56%
GGG
Graco Inc.
0.56%
TTC
Toro Co.
0.55%
Invest with SPMD

What is SPMD?

The SPDR Portfolio S&P 400 Mid Cap ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P MidCap 400 Index (the "Index"). The S&P MidCap 400 provides investors with a benchmark for mid-sized companies. The index, which is distinct from the large-cap S&P 500, measures the performance of mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment.

ETFs related toSPMD

ETFs correlated to SPMD include IJH, MDY, IVOO

SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSPMD

#TSMO

Treasury and Stock Momentum

Category

Momentum, Be Risk Aware

Risk Rating

Aggressive

#BUTTERFLY

Golden Butterfly

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with SPMD using Composer

FAQ

SPMD is a US Equities ETF. The SPDR Portfolio S&P 400 Mid Cap ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P MidCap 400 Index (the "Index"). The S&P MidCap 400 provides investors with a benchmark for mid-sized companies. The index, which is distinct from the large-cap S&P 500, measures the performance of mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment.

SPMD tracks the S&P Midcap 400 Index.

No, SPMD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SPMD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPMD is -0.1155%. This is the percent change in the value of SPMD over the most recent 1-month period. The 3-month return on SPMD is -0.0459%. This is the percent change in the value of SPMD over the most recent 3-month period.

The standard deviation of SPMD for the past year is 0.2493%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPMD include MYY, MZZ, and SMDD.

ETFs correlated to SPMD include IJH, MDY, and IVOO.

ETFs that are inversely correlated to SPMD include TZA, TWM, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.