Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MDY vs VPU: how they differ
MDY and VPU hold 3% of their weight in the same names, and MDY returned more over the year.
SPDR S&P MidCap 400 ETF Trust and Vanguard Utilities Index Fund.
What they hold in common
By the books each fund has filed, MDY and VPU hold 3% of their money in the same securities at the same weight.
| Holding | MDY | VPU |
|---|---|---|
| TALEN ENERGY CORP | 0.48% | 0.99% |
| ESSENTIAL UTILITIES INC | 0.30% | 0.69% |
| OGE ENERGY CORP | 0.28% | 0.64% |
| IDACORP INC | 0.23% | 0.50% |
| UGI CORP | 0.20% | 0.50% |
| NATIONAL FUEL GAS COMPANY | 0.20% | 0.46% |
| ORMAT TECHNOLOGIES INC | 0.18% | 0.44% |
| PORTLAND GENERAL ELECTRIC COMPANY | 0.17% | 0.37% |
| SOUTHWEST GAS HOLDINGS INC | 0.16% | 0.35% |
| BLACK HILLS CORP | 0.16% | 0.36% |
| NEW JERSEY RESOURCES CORP | 0.16% | 0.37% |
| TXNM ENERGY INC | 0.16% | 0.38% |
| Only in MDY | Only in VPU |
|---|---|
| TWILIO INC 0.86% | NextEra Energy Inc 11.84% |
| CARPENTER TECHNOLOGY CORP 0.85% | Southern Co/The 6.70% |
| MKS INC 0.83% | Duke Energy Corp 6.31% |
| CURTISS-WRIGHT CORP 0.77% | Constellation Energy Corp 5.86% |
| ENTEGRIS INC 0.76% | American Electric Power Co Inc 4.47% |
| NVENT ELECTRIC PLC 0.76% | Sempra 3.85% |
| ATI INC 0.74% | Dominion Energy Inc 3.78% |
| ILLUMINA INC 0.73% | Vistra Corp 3.59% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
| MDY SPDR S&P MidCap 400 ETF Trust | VPU Vanguard Utilities Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | State Street | Vanguard |
| What it is | S&P MidCap 400, book from IJH | Utilities |
| Total return, 1 year | +13.0% | +2.1% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −4.5 pts | −15.4 pts |
| Expense ratio | 0.23% | 0.09% |
| Already in the S&P 500 | 0.0% | 90.1% |
| Holdings | 400 | 66 |
MDY in plain words
MDY is an index equity fund tracking the S&P MidCap 400. Over the year to Sep 11, 2026 it returned +13.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.23% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 400 positions, with the top ten at 7.7%. It sat 5.3% below its high of Aug 14, 2026 on Sep 11, 2026.
VPU in plain words
VPU is an index equity fund tracking the Utilities. Over the year to Sep 11, 2026 it returned +2.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 66 positions, with the top ten at 52.7%. It sat 9.8% below its high of Feb 27, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, MDY or VPU?
- In the year to Sep 12, 2026, with distributions reinvested, MDY returned +13.0% and VPU returned +2.1%, so MDY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MDY or VPU?
- MDY charges 0.23% a year and VPU charges 0.09%, so VPU is cheaper. Fees come from each fund's prospectus.
- How much do MDY and VPU overlap with the S&P 500?
- By their latest filed holdings, 0% of MDY and 90% of VPU by weight is stocks the S&P 500 already holds. Between the two funds, 3% of their books are the same securities at the same weight.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MDY against VPU, data as of Sep 12, 2026. https://etfiq.com/compare/any/MDY-VPU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources