A
vs
B
Share
Compare their flowsAsk IQ about these two funds

MLRG vs SPMD: Differences, Returns & Fees

MLRG and SPMD hold 1% of their weight in the same names, and MLRG returned +15.5% over the year. Net assets on Oct 20, 2026: $1.3bn for iShares MSCI USA ETF and $18.4bn for State Street SPDR Portfolio S&P 400 Mid Cap ETF.

Ask IQ about this page

Ask IQ about MLRG and SPMD

Answers cite the figures on this page.

Both cost 0.03% a year; their one-year returns differ by 2.0 points; SPMD is 13.9 times larger.

Points (pts) are percentage points.

MLRG vs SPMD: Differences, Returns & Fees
MLRGSPMD
Expense ratio0.03%0.03%
Net assets$1.3bn$18.4bn
Total return, 1 year+15.5%+13.5%
What it tracksMSCI USA IndexS&P MidCap 400 Index
Holdings in common1%
Top ten holdings, share of the fund37.8%7.1%
Below its high6.8%, high on Aug 14, 2026

Holdings in common uses holdings dated Oct 19, 2026.

+15.5%
MLRG total return, 1 year
+13.5%
SPMD total return, 1 year
0.03%
MLRG expense ratio
0.03%
SPMD expense ratio

Get MLRG and SPMD fund flows by email, every Monday.

Plus the Friday ETF note. Confirm from the link that arrives, and unsubscribe in one click. See Privacy.

Client brief · page 1 of 2Report BR-5D1BCB7012

MLRG and SPMD are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. MLRG follows MSCI USA Index and SPMD follows S&P MidCap 400 Index.
  2. Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 19, 2026).
  3. One-year total return. Over 1 year to Oct 20, 2026 MLRG returned +15.5% and SPMD +13.5% with distributions reinvested, a gap of 2.0 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

Take this comparison to a client

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.

What they hold in common

By the books each fund has filed, MLRG and SPMD hold 1% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.

half

1% in common

Positions both hold, largest shared weight first
Holding MLRG SPMD
OKTA CLASS A 0.05% 0.93%
ATI 0.04% 0.76%
TECHNIPFMC PLC 0.04% 0.81%
CARPENTER TECHNOLOGY 0.03% 0.55%
CURTISS WRIGHT 0.03% 0.54%
ENTEGRIS INC 0.03% 0.65%
NVENT ELECTRIC PLC 0.03% 0.68%
RELIANCE STEEL & ALUMINUM 0.03% 0.63%
ROIVANT SCIENCES LTD 0.03% 0.56%
UNITED THERAPEUTICS 0.03% 0.69%
XPO 0.03% 0.64%
ANNALY CAPITAL MANAGEMENT REIT 0.02% 0.40%
Only in MLRG
APPLE 7.59%
NVIDIA 7.52%
MICROSOFT 5.68%
AMAZON.COM INC 3.83%
ALPHABET CLASS A 3.04%
ALPHABET CLASS C 2.40%
META PLATFORMS CLASS A 2.34%
BROADCOM INC 2.28%
Only in SPMD
US FOODS HOLDING CORP 0.64%
TENET HEALTHCARE CORP 0.63%
PERMIAN RESOURCES CORP CL A 0.61%
ROKU INC 0.61%
ROYAL GOLD INC 0.59%
TD SYNNEX CORP 0.59%
WOODWARD INC 0.57%
OVINTIV INC 0.57%

Check overlap with more funds →

On the same fields

MLRG
iShares MSCI USA ETF
SPMD
State Street SPDR Portfolio S&P 400 Mid Cap ETF
Where it sits Stock ETF Stock ETF
Issuer iShares State Street
What it is Tracks an index Tracks an index
Total return, 1 year +15.5% +13.5%
Its benchmark over the same days +15.4% (PBUS) +13.4% (IJH)
Gap to its benchmark +0.2 pts vs PBUS +0.1 pts vs IJH
Expense ratio 0.03% 0.03%
Already in the S&P 500 95.6% 0.0%
Holdings 515 401
Net assets $1.3bn $18.4bn
Former ticker ILCB none

MLRG and SPMD on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About MLRG

MLRG tracks an index. Over the year to Oct 20, 2026 it returned +15.5% with distributions reinvested, against +15.4% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 19, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 515 positions, with the top ten at 37.8%.

About SPMD

SPMD tracks an index. Over the year to Oct 20, 2026 it returned +13.5% with distributions reinvested, against +13.4% for its benchmark, the S&P MidCap 400 Index. By its holdings published by its issuer for Oct 19, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 401 positions, with the top ten at 7.1%. It sat 6.8% below its high of Aug 14, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, MLRG or SPMD?
In the year to Oct 20, 2026, with distributions reinvested, MLRG returned +15.5% and SPMD +13.5%.
Which is cheaper, MLRG or SPMD?
Neither: MLRG and SPMD both charge 0.03% a year. Fees come from each fund's prospectus.
How much do MLRG and SPMD overlap with the S&P 500?
By their latest filed holdings, 96% of MLRG and 0% of SPMD by weight is stocks the S&P 500 already holds.
Other comparisons
MLRG vs SCHMMLRG vs VXFIJK vs MLRGFMDE vs MLRGFTC vs SPMDFLQM vs SPMDIMCB vs SPMDSPMD vs VFMO
MLRG on its own →SPMD on its own →Hold both: look the portfolio through →Rankings →MLRG dividend history →MLRG holdings →SPMD dividend history →SPMD holdings →Standards and sources →
Where these figures came from
MLRG filings on SEC EDGAR ↗MLRG prospectus with the expense ratio (SEC) ↗iShares page for MLRG ↗SPMD filings on SEC EDGAR ↗SPMD prospectus with the expense ratio (SEC) ↗State Street website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, MLRG against SPMD, data as of Oct 20, 2026. https://etfiq.com/compare/any/mlrg-vs-spmd

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.