IJH vs MDY
iShares Core S&P Mid-Cap ETF vs State Street SPDR S&P MIDCAP 400 ETF Trust
Which is better, IJH or MDY?
Nearly the same fund. IJH costs less.
IJH has a lower expense ratio. IJH led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. MDY is less concentrated, with 7.7% of the fund in its ten largest positions against 8.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IJH | MDY |
|---|---|---|
| Expense Ratio | 0.05%Best | 0.23% |
| AUM | $122.7B | $26.0B |
| Dividend Yield | 1.25% | 1.07% |
| Holdings | 413 | 401 |
| YTD Return | +8.87%Best | +8.68% |
| 1Y Return | +12.48%Best | +12.18% |
| 3Y Return (annualized) | +14.85%Best | +14.66% |
| 5Y Return (annualized) | +7.08%Best | +6.98% |
| Volatility (annualized) | 17.7%Tie | 17.7%Tie |
| Max Drawdown | -56.1%Best | -56.3% |
| $10,000 over 5 years | $14,078Best | $14,012 |
| Top 10 Weight | 8.0% | 7.7%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | May 22, 2000 | May 4, 1995 |
Volatility and max drawdown are measured over the window both funds cover: May 26, 2000 to Oct 14, 2026 (26.4 years).
IJH vs MDY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 26.4 years both funds cover.
IJH vs MDY Performance
iShares Core S&P Mid-Cap ETF (IJH) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) is an ETF from State Street Investment Management. Over the past year IJH returned +12.48% while MDY returned +12.18%. Year to date, IJH is up 8.87% versus a gain of 8.68% for MDY.
Over three years, IJH compounded at +14.85% per year against +14.66% for MDY; over five years the annualized figures are +7.08% and +6.98% respectively. Across the full 26-year window we track, IJH has the edge at +8.45% annualized vs +8.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IJH and MDY have been equally volatile, both at 17.7% annualized.
The deepest peak-to-trough decline in our data was -56.1% for IJH and -56.3% for MDY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IJH charges 0.05% per year while MDY charges 0.23%. On a $10,000 position that is $5 vs $23 annually, a gap of $18 per year that compounds over a long holding period. On income, IJH currently yields 1.25% against 1.07% for MDY.
Holdings Overlap
95.6% of IJH's money is in holdings MDY also owns. 94.4% of MDY's money is in holdings IJH also owns.
Most of IJH is already inside MDY. Owning both mostly buys the same companies twice.
382 positions in common, counted across the 394 positions we hold weights for in IJH and 400 in MDY, against full books of 413 and 401.
What only one of them owns
Our book lists 13 positions for MDY that do not appear in our book for IJH (3.6% of the fund), and 10 for IJH that do not appear in MDY (2.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IJH | Weight in MDY | Difference |
|---|---|---|---|
| TWLOTwilio Inc. Class A | 1.35% | 0.97% | 0.38% |
| OKTAOkta Inc (okta) | 1.03% | 0.79% | 0.24% |
| 0RMV:LNTechnipfmc Plc Ordinary Shares | 0.79% | 0.86% | 0.07% |
| NVT:IENvent Electric Plc Ordinary Shares | 0.78% | 0.74% | 0.04% |
| ATIAti Inc | 0.76% | 0.76% | 0.00% |
| ENTGEntegris, Inc. | 0.71% | 0.60% | 0.11% |
| UTHRUnited Therapeutics Corp | 0.71% | 0.59% | 0.12% |
| THCTenet Healthcare Corp Common Stock Usd 0.05 | 0.60% | 0.64% | 0.04% |
| XPOXpo Logistics Inc. | 0.61% | 0.60% | 0.01% |
| SNXSynnex Corp | 0.63% | 0.57% | 0.06% |
95.6% of IJH is already inside MDY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IJH or MDY?
IJH has an expense ratio of 0.05% while MDY charges 0.23%. IJH is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, IJH or MDY?
Over the past year IJH returned +12.48% vs +12.18% for MDY, so IJH leads on 1-year performance. Over the longest common window we track (26 years), IJH annualized +8.45% vs +8.38% for MDY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IJH or MDY?
IJH and MDY have been equally volatile, both at 17.7% annualized. Worst drawdown: IJH -56.1% vs MDY -56.3%.
Should I hold both IJH and MDY?
IJH and MDY have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IJH and MDY?
95.6% of IJH's money is in holdings MDY also owns. 94.4% of MDY's is in holdings IJH also owns. They hold 382 positions in common, counted across the 394 positions we hold weights for in IJH and 400 in MDY.
Which pays a higher dividend, IJH or MDY?
IJH yields 1.25% while MDY yields 1.07%, so IJH currently pays the higher dividend yield.
Is MDY better than IJH?
IJH has a lower expense ratio. IJH led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. MDY is less concentrated, with 7.7% of the fund in its ten largest positions against 8.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.