Data as of Oct 28, 2026.
MDY vs VTIP: Differences, Returns & Fees
Over the year to Oct 28, 2026, MDY returned +12.8% to VTIP's +2.2%; 0% of their weight is in the same names.
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Net assets: $25.9bn on Oct 27, 2026 for SPDR S&P MidCap 400 ETF Trust, and $20.9bn on Sep 30, 2026 for Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares.
Pair scorecard
VTIP costs 0.20 points a year less; their one-year returns differ by 10.6 points; MDY is 1.2 times larger.
| Measure | MDY | VTIP |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.8% | +2.2% |
| Drawdown | ||
| Below its high | 6.5%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | S&P MidCap 400 Index | Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index |
| Cost and size | ||
| Expense ratio | 0.23% | 0.03% |
| Net assets, as of Sep 30, 2026 | $25.2bn | $20.9bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 7.5% | |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Oct 26, 2012 to Oct 23, 2026 · 730 weekly returnsMDY returned more: +344.1% to +35.7%. VTIP swung less: 2.3% to 18.9%. VTIP fell less at its worst: −5.5% to −39.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | MDY | VTIP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +344.1% | +35.7% | MDY | Price change plus distributions, reinvested. |
| Annualized | +11.2% | +2.2% | MDY | Total return as a yearly rate. |
| Price return | +271.8% | −2.1% | MDY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.9% | 2.3% | VTIP | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.1% | 1.7% | VTIP | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −39.7% | −5.5% | VTIP | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.56 | 0.17 | MDY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.81 | 0.22 | MDY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.28 | 0.40 | VTIP | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 730 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, MDY and VTIP hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
MDY and VTIP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MDY and VTIP do different jobs. What does each one do in a portfolio?
- What each follows. MDY follows S&P MidCap 400 Index and VTIP follows Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 MDY returned +12.8% and VTIP +2.2% with distributions reinvested, a gap of 10.6 points.
Data as of Oct 28, 2026.
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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.
VTIP
VTIP tracks an index of Short-Term Inflation-Protected Securities. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested. The prospectus expense ratio is 0.03% a year.
Questions people ask
- Which returned more over the last year, MDY or VTIP?
- In the year to Oct 28, 2026, with distributions reinvested, MDY returned +12.8% and VTIP +2.2%.
- Which is cheaper, MDY or VTIP?
- VTIP is cheaper, by 0.20 percentage points a year. That is about $20 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.
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ETFIQ, MDY against VTIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/mdy-vs-vtip
ETFIQ. (Oct 28, 2026). MDY against VTIP. Retrieved from https://etfiq.com/compare/any/mdy-vs-vtip
[MDY against VTIP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mdy-vs-vtip)
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