Data as of Oct 28, 2026.
DVY vs MDY: Differences, Returns & Fees
Over the year to Oct 28, 2026, DVY returned +17.1% to MDY's +12.8%; 5% of their weight is in the same names.
askIQ about this page
askIQ about DVY and MDY
Net assets on Oct 27, 2026: $23.4bn for iShares Select Dividend ETF and $25.9bn for SPDR S&P MidCap 400 ETF Trust.
Pair scorecard
MDY costs 0.15 points a year less; their one-year returns differ by 4.3 points; MDY is 1.1 times larger.
| Measure | DVY | MDY |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.1% | +12.8% |
| Drawdown | ||
| Below its high | 6.5%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Select Dividend Index | S&P MidCap 400 Index |
| Cost and size | ||
| Expense ratio | 0.38% | 0.23% |
| Net assets, as of Oct 27, 2026 | $23.4bn | $25.9bn |
| Holdings | ||
| Holdings in common | 5% | |
| Top ten holdings, share of the fund | 19.7% | 7.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 14, 2003 to Oct 23, 2026 · 1,197 weekly returnsMDY returned more: +757.3% to +622.4%. DVY swung less: 17.9% to 20.5%. MDY fell less at its worst: −54.9% to −62.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DVY | MDY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +622.4% | +757.3% | MDY | Price change plus distributions, reinvested. |
| Annualized | +9.0% | +9.8% | MDY (slight) | Total return as a yearly rate. |
| Price return | +218.6% | +547.2% | MDY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.9% | 20.5% | DVY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.8% | 14.4% | DVY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −62.0% | −54.9% | MDY | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.47 | 0.47 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 0.66 | 0.67 | Tie | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.14 | 0.18 | MDY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,197 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DVY and MDY hold 5% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
5% in common
Only in one fund ↓
Side by side
DVY and MDY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DVY and MDY do different jobs. What does each one do in a portfolio?
- What each follows. DVY follows Dow Jones U.S. Select Dividend Index and MDY follows S&P MidCap 400 Index.
- Holdings in common. 5% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 DVY returned +17.1% and MDY +12.8% with distributions reinvested, a gap of 4.3 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
DVY
DVY tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.38% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 19.7%.
MDY
MDY tracks the S&P MidCap 400. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested, against +13.2% for its benchmark, the S&P MidCap 400 Index. The prospectus expense ratio is 0.23% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 401 positions, with the top ten at 7.5%. It sat 6.5% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, DVY or MDY?
- In the year to Oct 28, 2026, with distributions reinvested, DVY returned +17.1% and MDY +12.8%.
- Which is cheaper, DVY or MDY?
- MDY is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, DVY against MDY, data as of Oct 28, 2026. https://etfiq.com/compare/any/dvy-vs-mdy
ETFIQ. (Oct 28, 2026). DVY against MDY. Retrieved from https://etfiq.com/compare/any/dvy-vs-mdy
[DVY against MDY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dvy-vs-mdy)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.