Which returned more over the last year, SMMD or SPMD?

In the year to Nov 4, 2026, with distributions reinvested, SMMD returned +22.4% and SPMD +17.4%.

Which is cheaper, SMMD or SPMD?

SPMD is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do SMMD and SPMD overlap with the S&P 500?

By their latest filed holdings, 10% of SMMD and 0% of SPMD by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

SMMD vs SPMD: Differences, Returns & Fees

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Over the year to Nov 4, 2026, SMMD returned +22.4% to SPMD's +17.4%; 37% of their weight is in the same names.

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Net assets on Nov 3, 2026: $4.2bn for iShares Russell 2500 ETF and $18.9bn for State Street SPDR Portfolio S&P 400 Mid Cap ETF.

SMMD on its own →SPMD on its own →

At a glance

+22.4%

SMMD total return, 1 year

+17.4%

SPMD total return, 1 year

0.15%

SMMD expense ratio

0.03%

SPMD expense ratio

Pair scorecard

SPMD costs 0.12 points a year less; their one-year returns differ by 5.0 points; SPMD is 4.5 times larger.

SMMD vs SPMD: Differences, Returns & Fees
Measure	SMMD	SPMD
Return
Measure	SMMD	SPMD
Total return, 1 year	+22.4%	+17.4%
Drawdown
Measure	SMMD	SPMD
Below its high	5.3%, high on Aug 14, 2026	4.9%, high on Aug 14, 2026
Benchmark
Measure	SMMD	SPMD
What it tracks	Russell 2500 Index	S&P MidCap 400 Index
Cost and size
Measure	SMMD	SPMD
Expense ratio	0.15%	0.03%
Net assets, as of Nov 3, 2026	$4.2bn	$18.9bn
Holdings
Measure	SMMD	SPMD
Holdings in common	37%
Top ten holdings, share of the fund	43.4%	6.7%

Method

What they share

37%

By the books each fund has filed, SMMD and SPMD hold 37% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

37% in common

Positions both hold · largest shared weight first SMMD SPMD

ATI 0.34% 0.71%

RELIANCE STEEL & ALUMINUM 0.31% 0.66%

US FOODS HOLDING 0.31% 0.64%

TENET HEALTHCARE CORP 0.30% 0.62%

NVENT ELECTRIC PLC 0.29% 0.61%

ROKU CLASS A 0.29% 0.61%

WOODWARD 0.28% 0.57%

ROYAL GOLD 0.27% 0.57%

PERMIAN RESOURCES CLASS A 0.26% 0.58%

ROIVANT SCIENCES LTD 0.26% 0.57%

API GROUP 0.25% 0.52%

EAST WEST BANCORP 0.25% 0.53%

Only in one fund ↓

Only in SMMD

ISHARES RUSSELL 2000 ETF 40.62%

GUARDANT HEALTH 0.31%

PACKAGING CORP OF AMERICA 0.31%

VIATRIS 0.31%

NISOURCE 0.30%

SOFI TECHNOLOGIES 0.30%

AFFIRM HOLDINGS CLASS A 0.28%

SKYWORKS SOLUTIONS 0.27%

Only in SPMD

TECHNIPFMC PLC 0.76%

UNITED THERAPEUTICS CORP 0.75%

ENTEGRIS INC 0.68%

XPO INC 0.65%

CURTISS WRIGHT CORP 0.53%

RB GLOBAL INC 0.50%

TOAST INC CLASS A 0.50%

CARLISLE COS INC 0.45%

Check overlap with more funds →

Side by side

SMMD iShares Russell 2500 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 +22.4% +17.4%

Its benchmark over the same days +14.8% (IWV) +17.4% (IJH)

Gap to its benchmark +7.6 pts vs IWV 0.0 pts vs IJH

Expense ratio 0.15% 0.03%

Already in the S&P 500 10.3% 0.0%

Holdings 516 401

Net assets, as of Nov 3, 2026 $4.2bn $18.9bn

SMMD and SPMD on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

Client brief:

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About each fund

SMMD

Over the year to Nov 4, 2026 it returned +22.4% with distributions reinvested, against +14.8% for its benchmark, the Russell 3000 Index.

SMMD tracks an index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Nov 3, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 516 positions, with the top ten at 43.4%. It sat 5.3% below its high of Aug 14, 2026 on Nov 4, 2026.

SPMD

SPMD tracks an index. Over the year to Nov 4, 2026 it returned +17.4% with distributions reinvested, against +17.4% for its benchmark, the S&P MidCap 400 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Nov 3, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 401 positions, with the top ten at 6.7%. It sat 4.9% below its high of Aug 14, 2026 on Nov 4, 2026.

Questions people ask

Which returned more over the last year, SMMD or SPMD?: In the year to Nov 4, 2026, with distributions reinvested, SMMD returned +22.4% and SPMD +17.4%.
Which is cheaper, SMMD or SPMD?: SPMD is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SMMD and SPMD overlap with the S&P 500?: By their latest filed holdings, 10% of SMMD and 0% of SPMD by weight is stocks the S&P 500 already holds.

Other comparisons

FV vs SMMD CGMM vs SMMD SMMD vs VO IJH vs SMMD CGMM vs SPMD IMCB vs SPMD FTC vs SPMD FTGS vs SPMD

Where to next

SMMD on its own →SPMD on its own →Hold both: look the portfolio through →Rankings →SMMD dividend history →SMMD holdings →SPMD dividend history →SPMD holdings →Standards and sources →

Sources and dates

SMMD filings on SEC EDGAR ↗

SMMD prospectus with the expense ratio (SEC) ↗

iShares page for SMMD ↗

SPMD filings on SEC EDGAR ↗

SPMD prospectus with the expense ratio (SEC) ↗

State Street website ↗

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, SMMD against SPMD, data as of Nov 4, 2026. https://etfiq.com/compare/any/smmd-vs-spmd

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