Should State Street SPDR S&P 400 Mid Cap Value ETF (MDYV) Be on Your Investing Radar?

Core Insights - The State Street SPDR S&P 400 Mid Cap Value ETF (MDYV) is designed to provide broad exposure to the Mid Cap Value segment of the US equity market, with assets exceeding $2.47 billion, making it one of the larger ETFs in this category [1] Group 1: Investment Characteristics - Mid cap companies, with market capitalizations between $2 billion and $10 billion, offer a balance of lower risk and higher growth opportunities compared to small and large companies [2] - Value stocks typically have lower price-to-earnings and price-to-book ratios, and while they may have lower sales and earnings growth rates, they have historically outperformed growth stocks in long-term performance [3] Group 2: Cost and Performance - The ETF has an annual operating expense ratio of 0.15%, positioning it as one of the least expensive options in the market, with a 12-month trailing dividend yield of 1.79% [4] - MDYV aims to match the performance of the S&P MidCap 400 Value Index, with a year-to-date return of approximately 8.19% and a 1-year return of about 3.92% as of December 17, 2025 [7] Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising about 21% of the portfolio, followed by Industrials and Consumer Discretionary [5] - Flex Ltd accounts for approximately 1.52% of total assets, with the top 10 holdings representing about 10.73% of total assets under management [6] Group 4: Risk Assessment - MDYV has a beta of 1.03 and a standard deviation of 18.51% over the trailing three-year period, indicating it is a medium-risk investment option [8] Group 5: Alternatives - Other ETFs in the mid-cap value space include the iShares Russell Mid-Cap Value ETF (IWS) and the Vanguard Mid-Cap Value ETF (VOE), with assets of $14.30 billion and $19.86 billion respectively, and expense ratios of 0.23% and 0.07% [11]