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Asset Category: U.S. Mid Cap Value
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Correlation to US Markets: 0.91
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Long-Term Performance: 12.64% CAGR
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S&P 500 Performance (US Large Cap Blend): 10.66% CAGR
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Back test timeframe: January 1972 – March 2024
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Oldest ETF back tested: iShares S&P Mid-Cap 400 Value ETF (IJJ)
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Correlation to US Markets: 0.91
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Long-Term Performance: 10.19% CAGR
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S&P 500 Performance: 7.60% CAGR
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Back test timeframe: August 2000 – March 2024
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Number of ETFs available in this asset class: 40
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Number of ETFs in this asset class that are 10-years old or older: 20
U.S. Mid Cap Value vs U.S. Large Cap Blend: January 1972 – March 2024
IJJ vs SPY: August 2000 – March 2024
IJJ vs SPY: July 28, 2000 – April 22, 2024
The Deep Value ETF Accumulator rankings for the 20 oldest U.S. Mid Cap Value ETFs:
The 5 top ranked U.S. Mid Cap Value ETFs head-to-head comparisons:
SYLD vs EZM vs RWK vs RFV vs DON: June 2013 – March 2024
SYLD vs EZM vs RWK vs RFV vs DON: May 14, 2013 – April 22, 2024
Stated objectives of 5 top ranked U.S. Mid Cap Value ETFs:
SYLD – Cambria Shareholder Yield ETF focuses on high-cash distribution companies that are returning their cash to investors through three attributes – dividends, buybacks and debt paydown – collectively known as shareholder yield. Systematic strategy targeting an equal-weight portfolio of ~100 high-cash distribution companies. Historically, traded at a valuation discount versus S&P 500 Index and Morningstar Mid-Cap Value category average. Expense ratio below Morningstar Mid-Cap Value category average.
EZM – WisdomTree U.S. MidCap Fund* seeks to track the investment results of earnings-generating mid-cap companies in the U.S. equity market. Gain broad U.S. mid cap equity exposure to profitable companies. Use to complement or replace mid cap active and passive strategies with the potential for more favorable valuations.
RWK – The Invesco S&P MidCap 400 Revenue ETF (Fund) is based on the S&P MidCap 400® Revenue-Weighted Index (Index). The Fund will invest at least 90% of its total assets in securities of mid-capitalization companies in the Index. The Index is constructed using a rules-based approach that re-weights securities of the S&P MidCap 400® Index according to the revenue earned by the companies, with a maximum 5% per company weighting. The Fund and Index are rebalanced quarterly.
RFV – The Invesco S&P MidCap 400® Pure Value ETF (Fund) is based on the S&P MidCap 400® Pure Value Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index measures the performance of securities that exhibit strong value characteristics in the S&P MidCap 400® Index. Value is measured by the following risk factors: book value-to-price ratio, earnings-to-price ratio and sales-to-price ratio. The Fund and the Index are rebalanced annually.
DON – WisdomTree U.S. MidCap Dividend Fund* seeks to track the investment results of dividend-paying mid-cap companies in the U.S. equity market. Gain exposure to core U.S. mid cap equity from a broad range of dividend paying companies. Use to complement or replace midcap value or dividend oriented active and passive strategies. Use to satisfy demand for growth potential and income focus.
Thank you for taking time to read this article. If you found it useful, please share it with a friend.
Respectfully yours, Micah McDonald, aka the Deep Value ETF Accumulator