State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is a US mid-cap ETF. As of October 28, 2026, ETF Copilot scores SPMD 4.5 out of 10 — highest on Risk (5.3), lowest on Quality (2.4). It trades at 20.2 times earnings, against its own median of 19.2. Its ten largest holdings are 7% of the fund.
What stands out in SPMD's data
U.S. mid-cap equities, weighted by market size.
Charges very little each year — more of the market's return stays with you.
An expense ratio of 0.03% is among the cheapest in the mid-cap category, well under the 0.15% median. It holds 400 stocks for broad coverage.
A core mid-cap building block that rounds out a U.S. equity allocation.
How is SPMD rated? ETF Copilot scores State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) 4.5 out of 10
As of October 28, 2026, ETF Copilot scores State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) 4.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.5 / 10
- Growth: 5.0 / 10
- Value: 4.9 / 10
- Risk: 5.3 / 10
- Quality: 2.4 / 10
- Return: 4.5 / 10
Is SPMD expensive right now? It trades at 20.2 times earnings, against its own median of 19.2
As of October 28, 2026, SPMD is more expensive than 65% of its own last 9 years.
Trailing 12 months, built from SPMD's holdings. How we calculate this →
What's inside SPMD? 16% Tech
What's inside SPMD: Size (Large 1%, Mid 91%, Small 8%); Geography (International 4%, US 96%); Tech 16.2%; AI 0.5%; Semiconductors 4.1%; Memory 0.9%.
What are SPMD's top holdings? The ten largest are 7% of the fund
Okta, Technipfmc, United Therapeutics, ATI, US Foods, Tenet Healthcare, Permian Resources, Reliance, Entegris and XPO are SPMD's largest holdings, in that order.
Less concentrated than 78% of US Mid Cap ETFs.
Half of SPMD's weight sits in its 118 largest positions, and once those weights are taken into account it behaves like 301 equally weighted holdings.
What is SPMD's expense ratio? 0.03% a year
As of October 28, 2026, SPMD charges 0.03% a year, yields 1.30% and holds $18.6B in assets across 400 positions.
| Measure | SPMD |
|---|---|
| Expense ratio | 0.03% |
| Dividend yield | 1.30% |
| Assets under management | $18.6B |
| Holdings | 400 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/spmd
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