SPDR S&P MidCap 400 ETF Trust MDY is a great option for exposure to mid-cap stocks, though it has a smaller market-cap orientation than most of its peers. Its broad market-cap-weighted portfolio, profitability screens, and cost advantage are tough to beat. It earns a Morningstar Analyst Rating of Silver.
SPDR® S&P MIDCAP 400 ETF Trust MDY
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MDY outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MDY’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MDY management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of MDY’s parent organization’s priorities and whether they’re in line with investors’ interests.
A solid choice with a smaller mid-cap focus.
