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ETF comparison

SPMD vs SPY

US Mid Cap vs US Large Cap.

State Street SPDR Portfolio S&P 400 Mid Cap ETF · State Street SPDR S&P 500 ETF Trust

Holdings overlap

Weighted by ISIN/CUSIP
0.1 %

2 positions appear in both funds. Buying equal dollars of SPMD and SPY would leave roughly 0.1% of each dollar exposed to the same underlying securities.

SPMD unmatched 99.7% Shared 0.1% SPY unmatched 99.8%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In SPMD only
398 positions
Shared
2 positions
In SPY only
503 positions

Side by side

SPMD

State Street SPDR Portfolio S&P 400 Mid Cap ETF

State Street · US Mid Cap

96 composite / 100
Expense ratio
0.030%
Net assets
$17.95B
TTM yield
1.32%
Top-10 conc.
7.7%
SPY

State Street SPDR S&P 500 ETF Trust

State Street · US Large Cap

88 composite / 100
Expense ratio
0.094%
Net assets
$809.22B
TTM yield
1.00%
Top-10 conc.
37.9%

Sub-score comparison

97
Cost
91
88
Tax efficiency
89
100
Liquidity
100
100
Concentration
60
—
Tracking quality
—
SPMD sub-score SPY

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SPMD is 6 bps cheaper than SPY. On a $100,000 position that's about $64/yr more in fees for SPY.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with SPMD vs SPY.

Top shared holdings

2 shared in total
# Holding In SPMD In SPY Overlap
1 Everpure Inc 0.68% 0.07% 0.07%
2 Illumina Inc 0.73% 0.06% 0.06%

Only in SPMD

398 total
  • Twilio Inc 0.86%
  • Carpenter Technology Corp 0.84%
  • MKS Inc 0.83%
  • Curtiss-Wright Corp 0.77%
  • Entegris Inc 0.76%
  • nVent Electric PLC 0.76%
  • ATI Inc 0.74%
  • TechnipFMC PLC 0.73%
  • Sterling Infrastructure Inc 0.71%
  • MasTec Inc 0.71%

Only in SPY

503 total
  • NVIDIA CORP 8.50%
  • APPLE INC 7.32%
  • MICROSOFT CORP 5.77%
  • AMAZON.COM INC 3.71%
  • ALPHABET INC CL A 3.03%
  • BROADCOM INC 2.54%
  • ALPHABET INC CL C 2.43%
  • META PLATFORMS INC CLASS A 2.41%
  • MICRON TECHNOLOGY INC 1.82%
  • TESLA INC 1.57%

Percentages are holdings overlap with the named fund.

Open SPMD or SPY at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.