Mid cap
A share in a medium-sized listed company, between small cap and large cap.
In short
As of 8 October 2026A mid cap is a share in a medium-sized listed company. Roughly, firms worth about 2 to 10 billion US dollars count, but the limits are not official. In Germany the MDAX is the typical mid-cap index. Mid caps usually fluctuate more than large companies and less than small ones.
Mid caps are medium-sized listed companies. Roughly, firms with a market capitalization of about 2 to 10 billion US dollars count as mid caps. Every index provider draws the lines a little differently.
In Germany the MDAX is the typical mid-cap index. Mid caps are often established firms that still have room to grow. They usually move more than a large cap but less than a small cap.
Example: a company worth 5 billion euros is fairly big by German standards but a mid cap on a global scale. Many broad world ETFs hold large and mid caps but no small caps.
As of 8 October 2026 · Educational content, not investment or tax advice.