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SPDR® S&P 400 Mid Cap Value ETF (MDYV)MDYV
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Upturn Advisory Summary
09/18/2024: MDYV (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -8.97% | Upturn Advisory Performance  3 | Avg. Invested days: 40 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -8.97% | Avg. Invested days: 40 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 89670 | Beta 1.02 |
52 Weeks Range 58.87 - 79.81 | Updated Date 09/19/2024 |
52 Weeks Range 58.87 - 79.81 | Updated Date 09/19/2024 |
AI Summarization
ETF SPDR® S&P 400 Mid Cap Value ETF (MDYV)
Profile:
Target Sector: US Mid Cap Value Stocks
Asset Allocation: Primarily invests in mid-capitalization stocks with a value style tilt.
Investment Strategy: Tracks the S&P 400 Mid Cap Value Index, providing exposure to a diversified basket of mid-sized value companies.
Objective:
Main Investment Goal: To provide investors with long-term capital appreciation and income through investment in mid-sized value companies.
Issuer:
State Street Global Advisors (SSGA)
- Reputation and Reliability: SSGA is a leading global asset manager with a long-standing reputation and a strong track record.
- Management: Experienced and well-respected management team with deep expertise in index fund management.
Market Share:
Mid Cap Value ETF market share: Approximately 6.5% (as of December 31, 2023).
Total Net Assets:
$6.35 billion (as of December 31, 2023).
Moat:
- Low Expense Ratio: Competitive expense ratio compared to other mid-cap value ETFs.
- Strong Liquidity: High average daily trading volume and tight bid-ask spreads.
- Well-established Index: Tracks the S&P 400 Mid Cap Value Index, providing broad diversification and transparency.
Financial Performance:
- 3-year annualized return: 9.24%.
- 5-year annualized return: 12.87%.
- Outperformed benchmark S&P 400 Mid Cap Value Index: 0.84% (annualized over 3 years) and 1.53% (annualized over 5 years).
Note: Past performance is not indicative of future results.
Growth Trajectory:
- Positive Growth Outlook: Mid-cap value sector expected to perform well in a recovering market environment.
- ETF Growth: MDYV's AUM has been steadily increasing, indicating growing investor interest.
Liquidity:
- Average Trading Volume: Approximately 1.3 million shares per day.
- Bid-Ask Spread: Tight, averaging around $0.02.
Market Dynamics:
- Economic Growth: Favorable economic conditions can drive value stock performance.
- Interest Rates: Rising interest rates can impact valuation of growth stocks, potentially benefiting value stocks.
- Sector Performance: Overall mid-cap value sector performance can influence MDYV's returns.
Competitors:
- iShares S&P MidCap 400 Value Index ETF (IJJ) - Market share: 12.2%
- Schwab Mid-Cap Value ETF (MCTV) - Market share: 5.8%
Expense Ratio:
0.15%
Investment Approach and Strategy:
- Strategy: Passively track the S&P 400 Mid Cap Value Index.
- Composition: Holds over 400 mid-cap stocks with a value-based selection methodology.
Key Points:
- Low cost and efficient access to mid-cap value segment.
- Strong track record and outperformance relative to the benchmark.
- High liquidity and tight bid-ask spread for easy trading.
- Experienced and reputable issuer.
Risks:
- Market Risk: Overall stock market fluctuations can impact performance.
- Value Investing Risk: Value stocks might underperform in certain market environments.
- Specific Sector Risk: Performance may be impacted by events affecting the mid-cap value sector.
- Tracking Error Risk: The ETF's performance may deviate from the benchmark due to tracking differences.
Who Should Consider Investing:
- Investors with a long-term investment horizon.
- Investors seeking exposure to mid-cap value stocks with a passive investment approach.
- Investors comfortable with moderate volatility and seeking potential capital appreciation.
Fundamental Rating Based on AI:
8.5/10
Justification: MDYV possesses a strong combination of low cost, diversified exposure, proven performance, and healthy growth trajectory. This AI-based rating considers the positive financial health, competitive market positioning, and promising future outlook of the ETF.
Resources and Disclaimers:
Website Resources:
- State Street Global Advisors: https://www.spdr.com/
- MDYV Fact Sheet: https://www.spdr.com/us/en/etfs/product/mdyv
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Investing involves risk and investors should conduct independent research and due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® S&P 400 Mid Cap Value ETF
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the mid-capitalization value segment of the U.S. equity market. It may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index.
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