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SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Hits New 1-Year High – Still a Buy?Defense World · Aug 19, 2026The State Street SPDR S&P 400 Mid Cap Growth ETF strives to deliver investment performance that closely aligns with the total return of the S&P MidCap 400 Growth Index (the "Index"), excluding the impact of charges and operational costs. This Index consists of stocks chosen for their prominent growth characteristics, evaluated by metrics such as sales expansion, the earnings change to price ratio, and market momentum.