XMMO vs FPX vs IMCG vs MDYG vs IJK
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Asset Category: U.S. Mid Cap Growth
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Long-Term Performance: 10.22% CAGR
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Correlation to U.S. Markets: 0.95
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S&P 500 Performance (US Large Cap Blend): 10.56% CAGR
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Back test timeframe: January 1972 – April 2024
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Oldest ETF back tested: iShares S&P Mid-Cap 400 Growth ETF (IJK)
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Long-Term Performance: 8.10% CAGR
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Correlation to U.S. Markets: 0.94
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S&P 500 Performance: 7.39% CAGR
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Back test timeframe: August 2000 – April 2024
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Number of ETFs available in this asset class: 36
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Number of ETFs in this asset class that are 10-years old or older: 12
U.S. Mid Cap Growth vs U.S. Large Cap Blend: January 1972 – April 2024
IJK vs SPY: August 2000 – April 2024
IJK vs SPY: July 28, 2000 – May 10, 2024
The Deep Value ETF Accumulator rankings for the 12 oldest U.S. Mid Cap Growth ETFs:
The 5 top ranked U.S. Mid Cap Growth ETFs head-to-head comparisons:
XMMO vs FPX vs IMCG vs MDYG vs IJK: June 2006 – April 2024
XMMO vs FPX vs IMCG vs MDYG vs IJK: April 13, 2006 – May 12, 2024
Stated objectives of 5 top ranked U.S. Mid Cap Growth ETFs:
XMMO – The Invesco S&P MidCap Momentum ETF (Fund) is based on the S&P Midcap 400 Momentum Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of securities with 80 securities in the S&P Midcap 400® Index having the highest “momentum scores,” which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 400® Index. The Fund and the Index are rebalanced and reconstituted semi-annually.
FPX – The First Trust US Equity Opportunities ETF (the “Fund”), formerly First Trust US IPO Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the IPOX®-100 U.S. Index. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the Index. The IPOX®-100 U.S. Index is a modified value-weighted price index measuring the performance of the top 100 companies ranked quarterly by market capitalization in the IPOX® Global Composite Index. The index utilizes a 10% capping on all constituents and includes the 100 largest, typically best performing and most liquid U.S. public offerings (“IPOs”) in the IPOX® Global Composite Index. Index constituents are selected based on quantitative initial screens. In general, eligible constituents are added on the sixth day of trading and remain eligible to be included in the Index for approximately four years. The index is reconstituted and adjusted quarterly. Systematic exposure to U.S. equity capital and private equity activity and the growth and innovativeness of the U.S. economy via a semi-passive indexing approach. Based on well researched, totally disciplined and transparent index methodology. The IPOX®-100 U.S. Index has historically captured around 85% of total market capitalization created through U.S. IPO activity during the past four years. Tilt towards mid- and large-cap stocks. Investment tool for buy-and-hold investors seeking timely and systematic IPO exposure as well as active market participants due to dynamic index properties.
IMCG – The iShares Morningstar Mid-Cap Growth ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. Exposure to mid-sized U.S. companies whose earnings are expected to grow at an above-average rate relative to the market. Targeted access to a specific category of mid-cap domestic stocks. Use to tilt your portfolio towards growth stocks.
MDYG – The SPDR® S&P 400™ Mid Cap Growth ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® MidCap 400® Growth Index (the “Index”). The Index contains stocks that exhibit the strongest growth characteristics based on: sales growth, earnings change to price ratio, and momentum. The S&P® MidCap 400® Growth Index measures the performance of the mid-capitalization growth sector in the U.S. equity market. The Index consists of those stocks in the S&P MidCap 400® Index exhibiting the strongest growth characteristics based on: (i) sales growth; (ii) earnings change to price; and (iii) momentum. The Index is market capitalization weighted.
IJK – The iShares S&P Mid-Cap 400 Growth ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. Exposure to U.S. mid-cap stocks of companies whose earnings are expected to grow at an above-average rate relative to the market. Low cost and tax efficient. Use as a complement to a portfolio’s core holdings.
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Respectfully yours, Micah McDonald, aka the Deep Value ETF Accumulator
Previous Deep Value ETF Accumulator article on U.S. Mid Cap Growth ETFs:
5 Best U.S. Mid Cap Growth ETFs to Own Long-Term: XMMO vs IMCG vs IWP vs IJK vs FAD 1.6
Disclosure: We currently own shares of IMCG and we intend to sell those shares within the next 72 hours. We into buy shares of XMMO within the next 72 hours. I am not a professional investment advisor. Please perform your own due diligence or seek the advice of a Registered Investment Advisor before investing in any security mentioned in this article. This website contains affiliate links to Google AdSense.