Historical Returns for the S&P 400 Midcap Index (Updated Through 2022)

The S&P 400 Midcap Index was introduced in June 1991 and is the most widely-followed U.S. Midcap stock market index.  I have previously posted charts with annual returns through 2007, 2008, 2009, 2010, 2011, 2012, and 2014. The charts below show calendar-year returns between 1992 and 2022 (click on the charts for a larger view).  The charts below also show 5-year annualized returns, starting with the fifth full calendar year of the existence of the S&P 400 Midcap Index (i.e., 1996), as well annualized returns for 10-, 15-, 20-, and 25-year periods of time.  The returns shown below account for reinvestment of all dividends paid by index components. 

As shown below, the S&P 400 Midcap Index dropped about -13.06% in 2014.  Although it was a negative return, this index outperformed the vast majority of the major U.S. stock market indexes, including the Nasdaq-100, which dropped 32.38% and the S&P 500, which dropped 18.11%.  The total return of the Index between December 31, 1991 and December 30, 2022 (the last trading day of 2022), was about 2,524%, an annualized return of about 11.12%.  The 5-year annualized return through 2022 was about 6.71%, the 10-year annualized return was about 10.78%, the 15-year annualized return were about 8.87%, the 20-year annualized return was about 10.66%, and the 25-year annualized return was about 9.79%. 

Any long-term investor should seriously consider investing money in midcap stocks, such as those tracking the S&P 400 Midcap Index (e.g., the Midcap SPDR ETF (symbol: MDY) tracks the S&P 400 Midcap Index). Midcaps tend to provide higher returns over time than large cap stocks, such as those comprising the S&P 500 Index, although such stocks are generally more volatile over shorter time periods.