SPDR S&P MidCap 400 ETF (MDY): Historical Returns

Data Source: from September 1995 to January 2024 (~28 years)
Consolidated Returns as of 31 January 2024
Category: Stocks
SPDR S&P MidCap 400 ETF (MDY) ETF
ETF • LIVE PERFORMANCE (USD currency)
1.74%
January 2024

In the last 20 Years, the SPDR S&P MidCap 400 ETF (MDY) ETF obtained a 9.27% compound annual return, with a 17.80% standard deviation.

Table of contents
The first official book of
How to build wealth
with Lazy Portfolios and Passive Investing Strategies
Choose a goal
Employ the best metrics to evaluate it
Join the passive investing strategy
Discover new asset allocations in USD and EUR,
in addition to the lazy portfolios on the website.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Mid Cap
  • Style: Blend
  • Region: North America
  • Country: U.S.

Investment Returns as of Jan 31, 2024

The SPDR S&P MidCap 400 ETF (MDY) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
SPDR S&P MIDCAP 400 ETF (MDY) ETF
Consolidated returns as of 31 January 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jan 31, 2024
  1 Day Time ET(*) Feb 2024 1M 6M 1Y 5Y 10Y 20Y MAX
(~28Y)
SPDR S&P MidCap 400 ETF (MDY) ETF n.a. n.a. -1.74 0.76 4.08 9.66 8.98 9.27 10.52
US Inflation Adjusted return -2.04 -0.89 0.94 5.28 6.03 6.53 7.81
Returns over 1 year are annualized | Available data source: since Sep 1995
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Current inflation (annualized) is 1Y: 3.11% , 5Y: 4.16% , 10Y: 2.79% , 20Y: 2.57%

In 2023, the SPDR S&P MidCap 400 ETF (MDY) ETF granted a 1.05% dividend yield. If you are interested in getting periodic income, please refer to the SPDR S&P MidCap 400 ETF (MDY) ETF: Dividend Yield page.

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 2004, now would be worth 5.89$, with a total return of 489.40% (9.27% annualized).

The Inflation Adjusted Capital now would be 3.55$, with a net total return of 254.57% (6.53% annualized).
An investment of 1$, since September 1995, now would be worth 17.14$, with a total return of 1613.99% (10.52% annualized).

The Inflation Adjusted Capital now would be 8.46$, with a net total return of 746.25% (7.81% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of SPDR S&P MidCap 400 ETF (MDY) ETF, updated as of 31 January 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
SPDR S&P MIDCAP 400 ETF (MDY) ETF
Advanced Metrics
Data Source: 1 September 1995 - 31 January 2024 (~28 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y MAX
(~28Y)
Investment Return (%) -1.74 15.70 0.76 4.08 6.48 9.66 8.98 9.27 10.52
Infl. Adjusted Return (%) details -2.04 14.90 -0.89 0.94 0.78 5.28 6.03 6.53 7.81
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.57 2.51
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Deepest Drawdown Depth (%) -12.92 -21.63 -29.63 -29.63 -49.73 -49.73
Start to Recovery (# months) details 5 24 11 11 43 43
Start (yyyy mm) 2023 08 2022 01 2020 01 2020 01 2007 06 2007 06
Start to Bottom (# months) 3 9 3 3 21 21
Bottom (yyyy mm) 2023 10 2022 09 2020 03 2020 03 2009 02 2009 02
Bottom to End (# months) 2 15 8 8 22 22
End (yyyy mm) 2023 12 2023 12 2020 11 2020 11 2010 12 2010 12
Longest Drawdown Depth (%) -8.76
same as
deepest
-21.63 -21.63
same as
deepest

same as
deepest
Start to Recovery (# months) details 6 24 24
Start (yyyy mm) 2023 02 2022 01 2022 01 2022 01 2007 06 2007 06
Start to Bottom (# months) 4 9 9 9 21 21
Bottom (yyyy mm) 2023 05 2022 09 2022 09 2022 09 2009 02 2009 02
Bottom to End (# months) 2 15 15 15 22 22
End (yyyy mm) 2023 07 2023 12 2023 12 2023 12 2010 12 2010 12
Longest negative period (# months) details 10 32 32 44 62 107
Period Start (yyyy mm) 2023 02 2021 03 2021 03 2016 08 2004 02 2000 04
Period End (yyyy mm) 2023 11 2023 10 2023 10 2020 03 2009 03 2009 02
Annualized Return (%) -2.99 -0.86 -0.86 -0.67 -2.53 -0.16
Deepest Drawdown Depth (%) -13.74 -26.04 -29.50 -29.50 -51.14 -51.14
Start to Recovery (# months) details 5 33* 11 11 45 45
Start (yyyy mm) 2023 08 2021 05 2020 01 2020 01 2007 06 2007 06
Start to Bottom (# months) 3 17 3 3 21 21
Bottom (yyyy mm) 2023 10 2022 09 2020 03 2020 03 2009 02 2009 02
Bottom to End (# months) 2 16 8 8 24 24
End (yyyy mm) 2023 12 - 2020 11 2020 11 2011 02 2011 02
Longest Drawdown Depth (%) -9.67
same as
deepest
-26.04 -26.04
same as
deepest

same as
deepest
Start to Recovery (# months) details 6 33* 33*
Start (yyyy mm) 2023 02 2021 05 2021 05 2021 05 2007 06 2007 06
Start to Bottom (# months) 4 17 17 17 21 21
Bottom (yyyy mm) 2023 05 2022 09 2022 09 2022 09 2009 02 2009 02
Bottom to End (# months) 2 16 16 16 24 24
End (yyyy mm) 2023 07 - - - 2011 02 2011 02
Longest negative period (# months) details 10 35* 35 67 70 122
Period Start (yyyy mm) 2023 02 2021 03 2020 12 2014 09 2005 12 1999 01
Period End (yyyy mm) 2023 11 2024 01 2023 10 2020 03 2011 09 2009 02
Annualized Return (%) -5.88 -1.31 -1.53 -0.03 -0.07 -0.08
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y MAX
Standard Deviation (%) 18.12 19.74 21.86 18.06 17.80 18.02
Sharpe Ratio -0.06 0.22 0.36 0.43 0.45 0.36
Sortino Ratio -0.09 0.32 0.49 0.59 0.59 0.48
Ulcer Index 5.64 8.87 9.05 7.30 11.28 10.60
Ratio: Return / Standard Deviation 0.23 0.33 0.44 0.50 0.52 0.58
Ratio: Return / Deepest Drawdown 0.32 0.30 0.33 0.30 0.19 0.21
% Positive Months details 33% 52% 60% 63% 62% 61%
Positive Months 4 19 36 76 150 211
Negative Months 8 17 24 44 90 130
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Best 10 Years Return (%) - Annualized 8.98 16.97 16.97
Worst 10 Years Return (%) - Annualized 6.69 3.31
Best 10 Years Return (%) - Annualized 6.03 14.94 14.94
Worst 10 Years Return (%) - Annualized 4.71 0.70
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Over the latest 20Y
Best Rolling Return (%) - Annualized 83.23 30.86 26.46 16.97 9.27
Worst Rolling Return (%) - Annualized -42.24 -15.51 -4.62 6.69
% Positive Periods 74% 86% 98% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 70.10 25.01 16.28 10.24 8.46
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 4.14 6.07
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 78.56 27.81 23.90 14.94 6.53
Worst Rolling Return (%) - Annualized -42.25 -17.31 -7.07 4.71
% Positive Periods 67% 85% 93% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 70.10 25.01 16.28 10.24 8.46
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 4.14 6.07
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Sep 1995 - Jan 2024)
Best Rolling Return (%) - Annualized 83.23 30.86 26.46 16.97 11.71
Worst Rolling Return (%) - Annualized -42.24 -15.51 -4.62 3.31 6.67
% Positive Periods 75% 88% 98% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 70.10 25.01 16.28 10.24 6.95
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.98 4.30
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 78.56 27.81 23.90 14.94 9.33
Worst Rolling Return (%) - Annualized -42.25 -17.31 -7.07 0.70 4.50
% Positive Periods 70% 87% 94% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 70.10 25.01 16.28 10.24 6.95
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.98 4.30
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Jan 31, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of SPDR S&P MidCap 400 ETF (MDY) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

SPDR S&P MIDCAP 400 ETF (MDY) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs MDY
Asset Class 1 Year 5 Years 10 Years Since
Sep 1995
VTI
US Total Stock Market
0.89
0.95
0.94
0.94
SPY
US Large Cap
0.85
0.93
0.92
0.91
IJR
US Small Cap
0.97
0.97
0.97
0.94
VNQ
US REITs
0.93
0.85
0.77
0.67
QQQ
US Technology
0.59
0.78
0.77
0.76
PFF
Preferred Stocks
0.79
0.79
0.73
0.46
EFA
EAFE Stocks
0.84
0.89
0.83
0.81
VT
World All Countries
0.89
0.95
0.92
0.89
EEM
Emerging Markets
0.76
0.74
0.68
0.75
VGK
Europe
0.84
0.88
0.81
0.79
VPL
Pacific
0.82
0.86
0.81
0.70
FLLA
Latin America
0.87
0.74
0.57
0.68
BND
US Total Bond Market
0.64
0.44
0.33
0.12
TLT
Long Term Treasuries
0.71
0.08
0.02
-0.15
BIL
US Cash
0.34
-0.13
-0.10
-0.03
TIP
TIPS
0.54
0.53
0.44
0.19
LQD
Invest. Grade Bonds
0.70
0.61
0.53
0.30
HYG
High Yield Bonds
0.79
0.86
0.81
0.69
CWB
US Convertible Bonds
0.93
0.86
0.86
0.88
BNDX
International Bonds
0.57
0.48
0.38
0.17
EMB
Emerg. Market Bonds
0.86
0.75
0.64
0.58
GLD
Gold
0.00
0.16
0.06
0.09
DBC
Commodities
0.19
0.54
0.47
0.40

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

SPDR S&P MIDCAP 400 ETF (MDY) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 February 2004 - 31 January 2024 (20 Years)
Data Source: 1 September 1995 - 31 January 2024 (~28 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-49.73% Jun 2007 Feb 2009 21 Dec 2010 22 43 22.61
-29.63% Jan 2020 Mar 2020 3 Nov 2020 8 11 12.92
-22.52% May 2011 Sep 2011 5 Nov 2012 14 19 8.36
-21.63% Jan 2022 Sep 2022 9 Dec 2023 15 24 10.73
-18.16% Sep 2018 Dec 2018 4 Nov 2019 11 15 7.39
-12.64% Jun 2015 Jan 2016 8 Jul 2016 6 14 6.08
-7.47% May 2006 Jul 2006 3 Nov 2006 4 7 4.66
-5.10% Mar 2005 Apr 2005 2 May 2005 1 3 2.65
-4.61% Jul 2004 Aug 2004 2 Nov 2004 3 5 2.82
-4.54% Sep 2014 Sep 2014 1 Nov 2014 2 3 2.34
-4.43% Feb 2018 Feb 2018 1 May 2018 3 4 3.06
-4.39% Jul 2014 Jul 2014 1 Aug 2014 1 2 2.53
-4.00% Sep 2021 Sep 2021 1 Oct 2021 1 2 2.31
-3.86% Aug 2013 Aug 2013 1 Sep 2013 1 2 2.23
-3.62% Apr 2004 Apr 2004 1 Jun 2004 2 3 1.90
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 79 3.1 Months 32.78%
 
DD = 0% 32.78%
 
0% < DD <= -5% 67 3.6 Months 27.80%
 
DD <= -5% 60.58%
 
-5% < DD <= -10% 40 6.0 Months 16.60%
 
DD <= -10% 77.18%
 
-10% < DD <= -15% 29 8.3 Months 12.03%
 
DD <= -15% 89.21%
 
-15% < DD <= -20% 8 30.1 Months 3.32%
 
DD <= -20% 92.53%
 
-20% < DD <= -25% 5 48.2 Months 2.07%
 
DD <= -25% 94.61%
 
-25% < DD <= -30% 4 60.3 Months 1.66%
 
DD <= -30% 96.27%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 96.27%
 
-35% < DD <= -40% 4 60.3 Months 1.66%
 
DD <= -40% 97.93%
 
-40% < DD <= -45% 3 80.3 Months 1.24%
 
DD <= -45% 99.17%
 
-45% < DD <= -50% 2 120.5 Months 0.83%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-51.14% Jun 2007 Feb 2009 21 Feb 2011 24 45 24.32
-29.50% Jan 2020 Mar 2020 3 Nov 2020 8 11 12.74
-26.04% May 2021 Sep 2022 17 in progress 16 33 13.81
-23.38% May 2011 Sep 2011 5 Jan 2013 16 21 8.93
-18.52% Sep 2018 Dec 2018 4 Dec 2019 12 16 7.85
-13.12% Apr 2015 Jan 2016 10 Jul 2016 6 16 6.13
-8.47% May 2006 Jul 2006 3 Nov 2006 4 7 5.39
-5.74% Mar 2005 Apr 2005 2 Jun 2005 2 4 2.69
-5.36% Aug 2005 Oct 2005 3 Nov 2005 1 4 2.70
-4.92% Apr 2004 Aug 2004 5 Nov 2004 3 8 2.92
-4.69% Feb 2018 Feb 2018 1 Jul 2018 5 6 2.83
-4.55% Sep 2014 Sep 2014 1 Nov 2014 2 3 2.35
-4.49% Jul 2014 Jul 2014 1 Aug 2014 1 2 2.59
-4.09% Aug 2013 Aug 2013 1 Sep 2013 1 2 2.36
-3.71% Sep 2016 Oct 2016 2 Nov 2016 1 3 1.90
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 63 3.8 Months 26.14%
 
DD = 0% 26.14%
 
0% < DD <= -5% 73 3.3 Months 30.29%
 
DD <= -5% 56.43%
 
-5% < DD <= -10% 34 7.1 Months 14.11%
 
DD <= -10% 70.54%
 
-10% < DD <= -15% 29 8.3 Months 12.03%
 
DD <= -15% 82.57%
 
-15% < DD <= -20% 16 15.1 Months 6.64%
 
DD <= -20% 89.21%
 
-20% < DD <= -25% 10 24.1 Months 4.15%
 
DD <= -25% 93.36%
 
-25% < DD <= -30% 6 40.2 Months 2.49%
 
DD <= -30% 95.85%
 
-30% < DD <= -35% 1 241.0 Months 0.41%
 
DD <= -35% 96.27%
 
-35% < DD <= -40% 3 80.3 Months 1.24%
 
DD <= -40% 97.51%
 
-40% < DD <= -45% 3 80.3 Months 1.24%
 
DD <= -45% 98.76%
 
-45% < DD <= -50% 2 120.5 Months 0.83%
 
DD <= -50% 99.59%
 
-50% < DD <= -55% 1 241.0 Months 0.41%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-49.73% Jun 2007 Feb 2009 21 Dec 2010 22 43 22.61
-29.63% Jan 2020 Mar 2020 3 Nov 2020 8 11 12.92
-26.19% May 1998 Aug 1998 4 Dec 1998 4 8 11.68
-24.52% Apr 2002 Sep 2002 6 Oct 2003 13 19 15.28
-22.52% May 2011 Sep 2011 5 Nov 2012 14 19 8.36
-21.63% Jan 2022 Sep 2022 9 Dec 2023 15 24 10.73
-19.83% Sep 2000 Sep 2001 13 Mar 2002 6 19 8.69
-18.16% Sep 2018 Dec 2018 4 Nov 2019 11 15 7.39
-12.64% Jun 2015 Jan 2016 8 Jul 2016 6 14 6.08
-8.24% Jul 1999 Sep 1999 3 Nov 1999 2 5 4.46
-7.98% Jun 1996 Jul 1996 2 Sep 1996 2 4 3.92
-7.47% May 2006 Jul 2006 3 Nov 2006 4 7 4.66
-7.30% Jan 1999 Feb 1999 2 Apr 1999 2 4 4.11
-5.15% Feb 1997 Mar 1997 2 May 1997 2 4 2.68
-5.10% Mar 2005 Apr 2005 2 May 2005 1 3 2.65
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 112 3.1 Months 32.75%
 
DD = 0% 32.75%
 
0% < DD <= -5% 99 3.5 Months 28.95%
 
DD <= -5% 61.70%
 
-5% < DD <= -10% 56 6.1 Months 16.37%
 
DD <= -10% 78.07%
 
-10% < DD <= -15% 35 9.8 Months 10.23%
 
DD <= -15% 88.30%
 
-15% < DD <= -20% 16 21.4 Months 4.68%
 
DD <= -20% 92.98%
 
-20% < DD <= -25% 10 34.2 Months 2.92%
 
DD <= -25% 95.91%
 
-25% < DD <= -30% 5 68.4 Months 1.46%
 
DD <= -30% 97.37%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 97.37%
 
-35% < DD <= -40% 4 85.5 Months 1.17%
 
DD <= -40% 98.54%
 
-40% < DD <= -45% 3 114.0 Months 0.88%
 
DD <= -45% 99.42%
 
-45% < DD <= -50% 2 171.0 Months 0.58%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-51.14% Jun 2007 Feb 2009 21 Feb 2011 24 45 24.32
-29.50% Jan 2020 Mar 2020 3 Nov 2020 8 11 12.74
-28.15% Sep 2000 Feb 2003 30 Nov 2003 9 39 15.06
-26.74% May 1998 Aug 1998 4 Dec 1998 4 8 12.16
-26.04% May 2021 Sep 2022 17 in progress 16 33 13.81
-23.38% May 2011 Sep 2011 5 Jan 2013 16 21 8.93
-18.52% Sep 2018 Dec 2018 4 Dec 2019 12 16 7.85
-13.12% Apr 2015 Jan 2016 10 Jul 2016 6 16 6.13
-9.23% Jul 1999 Sep 1999 3 Dec 1999 3 6 4.73
-8.47% May 2006 Jul 2006 3 Nov 2006 4 7 5.39
-8.33% Jun 1996 Jul 1996 2 Sep 1996 2 4 4.16
-7.47% Jan 1999 Feb 1999 2 Apr 1999 2 4 4.25
-5.74% Mar 2005 Apr 2005 2 Jun 2005 2 4 2.69
-5.39% Feb 1997 Mar 1997 2 May 1997 2 4 2.85
-5.36% Aug 2005 Oct 2005 3 Nov 2005 1 4 2.70
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 92 3.7 Months 26.90%
 
DD = 0% 26.90%
 
0% < DD <= -5% 100 3.4 Months 29.24%
 
DD <= -5% 56.14%
 
-5% < DD <= -10% 54 6.3 Months 15.79%
 
DD <= -10% 71.93%
 
-10% < DD <= -15% 38 9.0 Months 11.11%
 
DD <= -15% 83.04%
 
-15% < DD <= -20% 21 16.3 Months 6.14%
 
DD <= -20% 89.18%
 
-20% < DD <= -25% 16 21.4 Months 4.68%
 
DD <= -25% 93.86%
 
-25% < DD <= -30% 11 31.1 Months 3.22%
 
DD <= -30% 97.08%
 
-30% < DD <= -35% 1 342.0 Months 0.29%
 
DD <= -35% 97.37%
 
-35% < DD <= -40% 3 114.0 Months 0.88%
 
DD <= -40% 98.25%
 
-40% < DD <= -45% 3 114.0 Months 0.88%
 
DD <= -45% 99.12%
 
-45% < DD <= -50% 2 171.0 Months 0.58%
 
DD <= -50% 99.71%
 
-50% < DD <= -55% 1 342.0 Months 0.29%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

SPDR S&P MIDCAP 400 ETF (MDY) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 February 2004 - 31 January 2024 (20 Years)
Data Source: 1 September 1995 - 31 January 2024 (~28 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -42.24 03/2008
02/2009
0.57$ -4.80 0.95$ 11.36 1.11$ 25.78 1.25$ 83.23 04/2020
03/2021
1.83$ 4.08 25.76%
2Y -25.82 03/2007
02/2009
0.55$ -1.42 0.97$ 10.06 1.21$ 19.26 1.42$ 48.00 03/2009
02/2011
2.19$ 3.12 17.97%
3Y -15.51 03/2006
02/2009
0.60$ 2.26 1.06$ 10.47 1.34$ 16.54 1.58$ 30.86 03/2009
02/2012
2.24$ 6.48 13.17%
5Y -4.62 03/2004
02/2009
0.78$ 3.59 1.19$ 8.56 1.50$ 14.82 1.99$ 26.46 03/2009
02/2014
3.23$ 9.66 1.66%
7Y 4.65 04/2013
03/2020
1.37$ 7.26 1.63$ 9.71 1.91$ 13.52 2.42$ 18.19 04/2009
03/2016
3.22$ 8.50 0.00%
10Y 6.69 02/2006
01/2016
1.91$ 8.54 2.26$ 10.14 2.62$ 12.52 3.25$ 16.97 03/2009
02/2019
4.79$ 8.98 0.00%
15Y 6.68 04/2005
03/2020
2.63$ 8.16 3.24$ 9.33 3.81$ 10.13 4.25$ 13.41 02/2009
01/2024
6.60$ 13.41 0.00%
20Y 9.27 02/2004
01/2024
5.89$ 9.27 5.89$ 9.27 5.89$ 9.27 5.89$ 9.27 02/2004
01/2024
5.89$ 9.27 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -42.25 03/2008
02/2009
0.57$ -8.02 0.91$ 9.28 1.09$ 23.45 1.23$ 78.56 04/2020
03/2021
1.78$ 0.94 32.31%
2Y -27.31 03/2007
02/2009
0.52$ -4.11 0.91$ 7.76 1.16$ 16.80 1.36$ 44.90 03/2009
02/2011
2.09$ -1.53 23.04%
3Y -17.31 03/2006
02/2009
0.56$ 0.65 1.01$ 8.18 1.26$ 14.13 1.48$ 27.81 03/2009
02/2012
2.08$ 0.78 14.15%
5Y -7.07 03/2004
02/2009
0.69$ 1.40 1.07$ 6.55 1.37$ 13.17 1.85$ 23.90 03/2009
02/2014
2.92$ 5.28 6.63%
7Y 2.57 10/2004
09/2011
1.19$ 4.69 1.37$ 7.33 1.64$ 11.61 2.15$ 16.33 03/2009
02/2016
2.88$ 4.84 0.00%
10Y 4.71 11/2013
10/2023
1.58$ 6.39 1.85$ 7.83 2.12$ 10.61 2.74$ 14.94 03/2009
02/2019
4.02$ 6.03 0.00%
15Y 4.64 04/2005
03/2020
1.97$ 5.90 2.36$ 7.03 2.77$ 7.87 3.11$ 10.58 02/2009
01/2024
4.51$ 10.58 0.00%
20Y 6.53 02/2004
01/2024
3.54$ 6.53 3.54$ 6.53 3.54$ 6.53 3.54$ 6.53 02/2004
01/2024
3.54$ 6.53 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -42.24 03/2008
02/2009
0.57$ -5.20 0.94$ 12.05 1.12$ 27.96 1.27$ 83.23 04/2020
03/2021
1.83$ 4.08 24.55%
2Y -25.82 03/2007
02/2009
0.55$ -0.77 0.98$ 12.55 1.26$ 21.31 1.47$ 48.00 03/2009
02/2011
2.19$ 3.12 16.35%
3Y -15.51 03/2006
02/2009
0.60$ 2.85 1.08$ 11.15 1.37$ 18.29 1.65$ 30.86 03/2009
02/2012
2.24$ 6.48 11.11%
5Y -4.62 03/2004
02/2009
0.78$ 4.30 1.23$ 9.29 1.55$ 15.33 2.03$ 26.46 03/2009
02/2014
3.23$ 9.66 1.77%
7Y -0.61 03/2002
02/2009
0.95$ 7.26 1.63$ 9.83 1.92$ 12.62 2.29$ 18.19 04/2009
03/2016
3.22$ 8.50 0.78%
10Y 3.31 03/1999
02/2009
1.38$ 7.13 1.99$ 9.91 2.57$ 13.06 3.41$ 16.97 03/2009
02/2019
4.79$ 8.98 0.00%
15Y 6.68 04/2005
03/2020
2.63$ 8.50 3.40$ 9.48 3.88$ 10.86 4.69$ 13.41 02/2009
01/2024
6.60$ 13.41 0.00%
20Y 6.67 04/2000
03/2020
3.63$ 9.07 5.67$ 10.01 6.74$ 10.79 7.76$ 11.71 09/1998
08/2018
9.16$ 9.27 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -42.25 03/2008
02/2009
0.57$ -7.49 0.92$ 10.28 1.10$ 25.79 1.25$ 78.56 04/2020
03/2021
1.78$ 0.94 29.39%
2Y -27.31 03/2007
02/2009
0.52$ -3.46 0.93$ 9.42 1.19$ 18.39 1.40$ 44.90 03/2009
02/2011
2.09$ -1.53 20.13%
3Y -17.31 03/2006
02/2009
0.56$ 0.73 1.02$ 8.57 1.27$ 15.64 1.54$ 27.81 03/2009
02/2012
2.08$ 0.78 12.75%
5Y -7.07 03/2004
02/2009
0.69$ 1.79 1.09$ 7.04 1.40$ 13.25 1.86$ 23.90 03/2009
02/2014
2.92$ 5.28 5.32%
7Y -3.11 03/2002
02/2009
0.80$ 4.55 1.36$ 7.19 1.62$ 10.51 2.01$ 16.33 03/2009
02/2016
2.88$ 4.84 2.71%
10Y 0.70 03/1999
02/2009
1.07$ 4.71 1.58$ 7.52 2.06$ 10.46 2.70$ 14.94 03/2009
02/2019
4.02$ 6.03 0.00%
15Y 4.64 04/2005
03/2020
1.97$ 6.19 2.46$ 7.12 2.80$ 8.29 3.30$ 10.58 02/2009
01/2024
4.51$ 10.58 0.00%
20Y 4.50 04/2000
03/2020
2.40$ 6.67 3.63$ 7.62 4.34$ 8.38 4.99$ 9.33 09/1998
08/2018
5.95$ 6.53 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the SPDR S&P MidCap 400 ETF (MDY) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in SPDR S&P MidCap 400 ETF (MDY) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
-0.19
40%
0.19
60%
-3.57
40%
2.89
60%
-0.61
60%
1.38
60%
4.17
100%
-0.96
40%
-3.72
20%
2.87
80%
5.72
80%
3.50
80%
Best 9.3
2023
6.8
2021
4.9
2021
14.0
2020
7.2
2020
8.8
2023
10.9
2022
3.5
2020
3.1
2019
10.5
2022
14.3
2020
8.6
2023
Worst -7.3
2022
-9.4
2020
-20.2
2020
-7.1
2022
-8.1
2019
-9.6
2022
0.3
2021
-4.1
2019
-9.2
2022
-5.3
2023
-3.0
2021
-5.5
2022
Monthly Seasonality over the period Oct 1995 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.71
50%
1.03
70%
-0.71
60%
1.31
50%
0.61
70%
1.22
70%
2.34
90%
-0.33
50%
-2.41
20%
1.34
70%
4.65
90%
0.52
70%
Best 10.3
2019
6.8
2021
8.5
2016
14.0
2020
7.2
2020
8.8
2023
10.9
2022
5.1
2014
3.9
2017
10.5
2022
14.3
2020
8.6
2023
Worst -7.3
2022
-9.4
2020
-20.2
2020
-7.1
2022
-8.1
2019
-9.6
2022
-4.4
2014
-5.7
2015
-9.2
2022
-9.6
2018
-3.0
2021
-11.3
2018
Monthly Seasonality over the period Oct 1995 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.45
48%
0.90
61%
1.08
71%
2.48
64%
0.88
64%
0.03
57%
0.84
57%
-0.51
54%
-0.55
48%
1.10
66%
3.03
83%
1.91
69%
Best 10.3
2019
7.8
1998
8.5
2016
14.8
2009
8.6
2003
8.8
2023
10.9
2022
10.8
2000
12.5
1998
13.6
2011
14.3
2020
11.4
1998
Worst -7.3
2022
-9.4
2009
-20.2
2020
-7.1
2022
-8.1
2019
-9.6
2022
-9.5
2002
-20.0
1998
-12.4
2001
-21.5
2008
-9.5
2008
-11.3
2018
Monthly Seasonality over the period Oct 1995 - Jan 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the SPDR S&P MidCap 400 ETF (MDY) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

SPDR S&P MIDCAP 400 ETF (MDY) ETF
Monthly Returns Distribution
Data Source: 1 February 2004 - 31 January 2024 (20 Years)
Data Source: 1 September 1995 - 31 January 2024 (~28 years)
150 Positive Months (63%) - 90 Negative Months (38%)
211 Positive Months (62%) - 130 Negative Months (38%)
Swipe left to see all data
(Scroll down to see all data)
Analyze your Portfolio: Backtest Now!
Explore historical data since 1871 and fine-tune your investment strategy for better results.