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ETF comparison

MDY vs SPY

US Mid Cap vs US Large Cap.

State Street SPDR S&P MIDCAP 400 ETF Trust · State Street SPDR S&P 500 ETF Trust

Holdings overlap

Weighted by ISIN/CUSIP
0.0 %

1 positions appear in both funds. Buying equal dollars of MDY and SPY would leave roughly 0.0% of each dollar exposed to the same underlying securities.

MDY unmatched 100.0% Shared 0.0% SPY unmatched 99.9%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In MDY only
400 positions
Shared
1 positions
In SPY only
503 positions

Side by side

MDY

State Street SPDR S&P MIDCAP 400 ETF Trust

State Street · US Mid Cap

88 composite / 100
Expense ratio
0.23%
Net assets
$25.95B
TTM yield
1.04%
Top-10 conc.
7.2%
SPY

State Street SPDR S&P 500 ETF Trust

State Street · US Large Cap

88 composite / 100
Expense ratio
0.094%
Net assets
$796.87B
TTM yield
1.01%
Top-10 conc.
37.3%

Sub-score comparison

77
Cost
91
88
Tax efficiency
88
100
Liquidity
100
100
Concentration
61
—
Tracking quality
—
MDY sub-score SPY

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SPY is 14 bps cheaper than MDY. On a $100,000 position that's about $136/yr more in fees for MDY.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with MDY vs SPY.

Top shared holdings

1 shared in total
# Holding In MDY In SPY Overlap
1 Fox Corporation Class A 0.25% 0.02% 0.02%

Only in MDY

400 total
  • U.S. Dollar 1.09%
  • ATI Inc 0.72%
  • TechnipFMC plc 0.72%
  • United Therapeutics Corporation 0.72%
  • Royal Gold Inc. 0.69%
  • US Foods Holding Corp. 0.68%
  • Tenet Healthcare Corporation 0.67%
  • Roivant Sciences Ltd. 0.63%
  • XPO Inc. 0.63%
  • Reliance Inc. 0.62%

Only in SPY

503 total
  • APPLE INC 7.86%
  • NVIDIA CORP 6.64%
  • MICROSOFT CORP 6.21%
  • AMAZON.COM INC 4.02%
  • ALPHABET INC CL A 2.60%
  • BROADCOM INC 2.33%
  • META PLATFORMS INC CLASS A 2.17%
  • ALPHABET INC CL C 2.09%
  • ELI LILLY + CO 1.73%
  • BERKSHIRE HATHAWAY INC CL B 1.64%

Percentages are holdings overlap with the named fund.

Open MDY or SPY at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.