The term net assets refers to the amount of capital invested into an exchange-traded fund (ETF) and is a good measure for investors to use as a gauge of relative popularity when comparing funds. Those ETFs with only a few million dollars invested are relatively under-followed and tend to be rather illiquid. On the other hand, ETFs with many millions invested tend to be held by 澳洲幸运5官方开奖结果体彩网:institutional investors and carry an added level of stability.

In this article, we'll look at the largest ETFs that focus on mid-cap stocks, ranking the funds by their net assets. This article will also focus on the similarities and differences between the mid-cap ETFs when it comes to fundamentals from 澳洲幸运5官方开奖结果体彩网:expense ratios to portfolio holdings.

iShares Core S&P Mid-Cap ETF (IJH)

The iShares Core S&P Mid-Cap ETF (IJH), with net assets of $69.5 billion, is the largest publicly traded ETF that is focused on the 澳洲幸运5官方开奖结果体彩网:mid-cap segment. The fund's managers seek to provide investors with a low-cost and tax-efficient method for gaining exposure to U.S. mid-cap stocks.

Fundamentally, the fund comprises 404 holdings and carries an expense ratio of 0.05%. The fund has a 12-month trailing 澳洲幸运5官方开奖结果体彩网:dividend yield of 1.74%. As you can see from the list of the top five holdings below, this fund has a bit more exposure toward industrials and materials relative to other mid-cap-focused funds.

• Hubbell Inc. (HUBB)
• Builders First Source Inc. (BLDR)
• Reliance Steel & Aluminum (RS)
  
• Jabil Inc. (JBL)
  
• Graco Inc. (GGG)

Vanguard Mid-Cap ETF (VO)

The Vanguard Mid-Cap ETF (VO) has net assets of $49.9 billion and carries an expense ratio of 0.04%, which is slightly below the IJH ETF discussed above. Again, this fund seeks to provide investors with low-cost exposure to U.S. mid-cap equity. The VO ETF employs a passively managed, full-replication strategy that seeks to minimize 澳洲幸运5官方开奖结果体彩网:tracking error with its CRSP U.S. Mid Cap Index benchmark.

Fundamentally, the fund comprises 341 holdings and carries a 1.68% dividend yield. Based on the top five holdings shown below, investors can expect to find a slightly greater level of exposure to sectors such as information technology and healthcare.

• Motorola Solutions Inc. (MSI)
• Dexcom Inc. (DXCM)
• Amphenol Corp. (APH)
• Arthur J Gallagher & Co. (AJG)
• Microchip Technology Inc. (MCHP)

iShares Russell Mid-Cap ETF (IWR)

The iShares Russell Mid-Cap ETF (IWR) is another targeted ETF that looks to provide U.S. investors with domestic exposure to the mid-cap segment of the market. The fund carries an expense ratio of 0.18%, which is higher than previous ETFs, but it also provides a larger view of the segment, with 814 total holdings.

With total net assets of $28.7 billion, the fund is very popular and it has a 12-month trailing dividend yield of 1.65%. Looking at the top holdings below, you'll notice that IWR's top constituents have a tilt toward sectors such as technology and energy.

• Marvell Technology Inc. (MRVL)
• Parker-Hannifin Corp (PH)
• Dexcom Inc. (DXCM)
• Amphenol Corp. (APH)
• Microchip Technology Inc. (MCHP)

SPDR S&P MidCap 400 ETF Trust (MDY)

As the name suggests, the SPDR S&P MidCap 400 ETF (MDY) seeks to track the S&P MidCap 400 Index, which is similar in nature to the iS⛎hares Core S&P Mid-Cap ETF discussed a🌱bove.

Fundamentally, the fund comprises 401 holdings with a near identical sector allocation as IJH. In the case of MDY, the fund carries a higher expense ratio of 0.23% and has total net assets of $19.43 billion.

• Hubbell Inc. (HUBB)
• Builders First Source Inc. (BLDR)
• Reliance Steel & Aluminum (RS)
• Jabil Inc. (JBL)
• Graco Inc. (GGG)

Vanguard Mid-Cap Value ETF (VOE)

With total net assets of $15 billion, the Vanguard Mid-Cap Value ETF (VOE) is a popular mid-cap-focused ETF that seeks to provide investors with targeted exposure to the U.S. mid-cap equity segment through a lens of the 澳洲幸运5官方开奖结果体彩网:value investor. This means that the fund's managers look to add posi꧃tions that are attractive from a valuation perspective compared to ♔their underlying fundamentals.

The fund has a dividend yield of 2.51%, which is slightly higher than other mid-cap ETFs mentioned and carries a relatively low expense ratio of 0.07%. Here is a look at the fund's top five holdings, which are slightly more focused on basic materials relative to the funds mentioned above.

• Arthur J Gallagher & Co. (AJG)
• Corteva Inc. (CTVA)
• PG&E Corp. (PCG)
• PACCAR Inc. (PCAR)
  
• Centene Corp. (CNC)

The Bottom Line

When investors look to gain exposure to the mid-cap segment of the market, they often turn to low-cost, targeted ETFs, such as the ones mentioned above. As of July 2023, these funds are the most popular based on net assets, which are subject to change.

Fundamentally, the holdings vary slightly depending on the underlying benchmark that the fund's managers are seeking to track, which is something to consider when choosing a mid-cap ETF as a candidate for a diversified portfolio. Mid-cap investors who want an even more targeted approach may wish to examine the top holdings of these types of ETFs as a method for identifying potential investment candidates.