SPDR Portfolio Mid Cap ETFFind Ratings Reports
- Last Ratings Update:01/31/2018
- Price as of 01/31/2018 :$34.27
- Net Assets:$74.1 Million
- Peer Rank:314 of 378
- Investment Rating:D
We rate SPDR Portfolio Mid Cap ETF at D. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The SPDR Portfolio Mid Cap ETF has returned an annual rate of 9.96% since inception. More recently, the fund has generated a total return of 12.60% in the last five years, 9.73% in the last three years, and 14.42% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 78% of them. It has also outpaced 70% of its competitors on a three year basis and 55% of them over the last year for the period ending 1/31/2018. On a year to date basis, SPMD has returned 0.96%.
Downside risk has been above average. SPMD has a draw down risk of -65.98%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 12.8%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 1/31/2018, the fund was trading at a price of $34.27, which is 2.3% below its 52-week high of $35.09 and 2.5% above its 52-week low of $33.43.
Low expense ratio helps performance. On total assets of $74.10 million, SPMD maintains a low expense ratio compared to its Growth - Domestic peers of just 0.10% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As SPMD is an exchange traded fund, it has no front end or back end load.
The SPDR Portfolio Mid Cap ETF is managed by Michael J. Feehily at SSgA Funds Management Inc. This fund is one of 127 SSgA Funds Management Inc exchange-traded funds launched since 12/16/1998 that we track.