State Street SPDR Portfolio S&P 400 Mid Cap ETF

SPMD

Market cap $16.5B

The State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is rated a buy, with expectations to deliver 20% in price return in 2026. SPMD's returns are likely to be driven by rate cuts, economic stability, and robust earnings growth. The ETF offers diversified sector exposure, strong earnings growth prospects above 15% for the next 3–5 years, and a portfolio weighted toward industrials, financials, and technology.

The SPDR Portfolio S&P 400 Mid Cap ETF ( NYSEARCA:SPMD ) provides diversified access to mid-cap American companies through a low-cost structure with a 0.03% expense ratio.

Looking for broad exposure to the Mid Cap Blend segment of the US equity market? You should consider the State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD), a passively managed exchange traded fund launched on November 8, 2005.

Launched on November 8, 2005, the State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is a passively managed exchange traded fund designed to provide a broad exposure to the Mid Cap Blend segment of the US equity market.

Designed to provide broad exposure to the Mid Cap Blend segment of the US equity market, the SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is a passively managed exchange traded fund launched on November 8, 2005.

Many have said that midcap stocks are a “sweet spot” of market capitalization. They deliver both growth potential — typically associated with smaller companies — and profitability — usually seen in larger companies.

Looking for broad exposure to the Mid Cap Blend segment of the US equity market? You should consider the SPDR Portfolio S&P 400 Mid Cap ETF (SPMD), a passively managed exchange traded fund launched on 11/08/2005.

I assign a hold rating on SPMD due to short-term macroeconomic risks and likely underperformance versus large-cap funds in the coming months. Mid-cap exposure is structurally defensive, but SPMD's more modest tech allocation limits its ability to benefit from the supporting market driver that AI hype represents. Tariffs, weakening demand, higher inflation, and a softening labor market present near-term headwinds, potentially impacting mid-cap performance more than large caps.

Looking for broad exposure to the Mid Cap Blend segment of the US equity market? You should consider the SPDR Portfolio S&P 400 Mid Cap ETF (SPMD), a passively managed exchange traded fund launched on 11/08/2005.

Mid-caps offer a unique balance between growth and stability, diversification benefits and potential for undervalued opportunities.