DON vs MDY: Holdings Overlap
DONWisdomTree U.S. Midcap Dividend Fund
WisdomTree · 295 holdings · $4.1B · as of 2026-03-31
MDYState Street® SPDR® S&P MIDCAP 400® ETF Trust
State Street (SPDR) · 399 holdings · $27.1B · as of 2026-08-06
Holdings snapshots are 128 days apart (DON: 2026-03-31, MDY: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are DON and MDY?
WisdomTree U.S. Midcap Dividend Fund (DON, by WisdomTree) holds 295 positions; State Street® SPDR® S&P MIDCAP 400® ETF Trust (MDY, by State Street (SPDR)) holds 399. They have 185 holdings in common, and by portfolio weight the two funds are 39.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 39.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 185DON holds 295 · MDY holds 399
- Weight in Shared Holdings
- DON 58%·MDY 49%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in DON
110 of 295 positions (42.0% of the fund) are not held by MDY. Showing the top 30 by weight.
Sector Breakdown
| Sector | DON | MDY |
|---|---|---|
| Industrials | 17.1% | 25.9% |
| Financials | 22.3% | 16.0% |
| Information Technology | 4.2% | 15.6% |
| Consumer Discretionary | 10.2% | 11.6% |
| Health Care | 2.2% | 10.3% |
| Other Sectors | 43.7% | 25.7% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DON | +3.0% | +14.3% | +18.2% | +12.4% | +9.3% | +9.4% | 2.27% |
| MDY | +3.1% | +18.1% | +25.6% | +14.2% | +8.8% | +10.9% | 0.99% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in DON vs MDY →
Shared Holdings(185)
The top 10 shared positions account for 11% of the overlap, led by EWBC, FHN and RS.
 EWBCEast West Bancorp Inc COM | 0.50% | 0.49% | 0.49% |
|---|---|---|---|
 FHNFirst Horizon Corporation COM | 0.49% | 0.67% | 0.49% |
 RSReliance Inc COM | 0.48% | 0.58% | 0.48% |
 AAAlcoa Corporation COM | 0.46% | 0.68% | 0.46% |
 OVVOvintiv Inc COM | 0.76% | 0.45% | 0.45% |
 WPCW. P. Carey Inc COM | 0.86% | 0.44% | 0.44% |
 PRPermian Resources Corporation Class A | 1.10% | 0.44% | 0.44% |
 NYTThe New York Times Company CL A | 0.44% | 0.62% | 0.44% |
 LECOLincoln Electric Holdings Inc. COM | 0.49% | 0.42% | 0.42% |
 RPMRPM International Inc. COM | 0.48% | 0.40% | 0.40% |
 EQHEquitable Holdings Inc COM | 0.44% | 0.40% | 0.40% |
 RGLDRoyal Gold, Inc. COM | 0.39% | 0.49% | 0.39% |
 PNFPPinnacle Financial Partners Inc. COM | 0.39% | 0.44% | 0.39% |
 SCIService Corporation International COM | 0.39% | 0.64% | 0.39% |
 DTMDT Midstream Inc COMMON STOCK | 0.66% | 0.37% | 0.37% |
 CSLCarlisle Companies Incorporated | 0.37% | 0.42% | 0.37% |
 BWABorgWarner Inc. COM | 0.37% | 0.37% | 0.37% |
 FNFFidelity National Financial Inc. - FNF Group | 0.71% | 0.36% | 0.36% |
 UNMUnum Group COM | 0.48% | 0.36% | 0.36% |
 GGGGraco Inc COM | 0.35% | 0.38% | 0.35% |
 SFStifel Financial Corporation COM | 0.36% | 0.35% | 0.35% |
 WBSWebster Financial Corporation | 0.46% | 0.35% | 0.35% |
 DINOHF Sinclair Corporation | 0.78% | 0.35% | 0.35% |
 CCKCrown Holdings Inc COM | 0.35% | 0.37% | 0.35% |
 ITTITT Inc COM | 0.34% | 0.52% | 0.34% |
Frequently Asked Questions
How much do DON and MDY overlap?
DON and MDY overlap by 39.4% of portfolio weight. They share 185 holdings (DON holds 295 positions and MDY holds 399), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DON and MDY?
The two portfolios are 39.4% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of DON and MDY?
The largest positions held by both funds are EWBC, FHN, RS, AA and OVV. Together the top 10 shared positions account for 11% of the total overlap.
What does DON own that MDY doesn't?
110 positions (42.0% of DON) are unique to DON, led by APA, VTRS and BBY. In the other direction, 214 positions (55.8% of MDY) are unique to MDY.