- Issuer
- Madison
- Inception Date
- Aug 14, 2023
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $61M
Highlights
- Avg. Volume (1M)
- 699
- Avg. Volume Value (1M)
- $17.45K
Share Price Chart
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Performance
DIVL Performance Chart
Madison Dividend Value ETF (DIVL) is up 11.5% since the beginning of the year. DIVL is currently trading at $25 per share.
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Returns By Period
Madison Dividend Value ETF (DIVL) has returned 11.50% so far this year and 16.48% over the past 12 months.
Madison Dividend Value ETF
- 1D
- 0.22%
- 1M
- 2.29%
- 6M
- 4.55%
- YTD
- 11.50%
- 1Y
- 16.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.67%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
DIVL Monthly Returns History
Based on dividend-adjusted daily data since Aug 15, 2023, DIVL's average daily return is +0.04%, while the average monthly return is +0.89%. At this rate, an investment would double in approximately 6.5 years.
Historically, 61% of months were positive and 39% were negative. The best month was Jan 2026 with a return of +6.7%, while the worst month was Dec 2024 at -6.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, DIVL closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +6.0%, while the worst single day was Apr 4, 2025 at -5.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.65% | 4.75% | -4.19% | 3.06% | -2.46% | -0.65% | 4.31% | 11.50% | |||||
| 2025 | 3.77% | 1.63% | -1.92% | -3.45% | 3.18% | 2.23% | 0.62% | 3.86% | 0.81% | -3.00% | 2.20% | -0.14% | 9.83% |
| 2024 | -0.50% | 2.27% | 4.21% | -5.06% | 2.30% | -1.52% | 5.50% | 2.61% | 0.84% | 0.77% | 4.37% | -6.57% | 8.81% |
| 2023 | -0.35% | -4.20% | -3.90% | 4.98% | 5.17% | 1.30% |
Benchmark Metrics
Madison Dividend Value ETF has an annualized alpha of 0.57%, beta of 0.56, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since August 15, 2023.
- This ETF participated in 67.31% of S&P 500 Index downside but only 55.53% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.56 may look defensive, but with R2 of 0.47 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.47 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.57%
- Beta
- 0.56
- R²
- 0.47
- Upside Capture
- 55.53%
- Downside Capture
- 67.31%
Expense Ratio
DIVL has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DIVL ranks 59 for risk / return — above 59% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Madison Dividend Value ETF (DIVL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DIVL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.00 | +0.25 |
| Martin ratioReturn relative to average drawdown | 6.16 | 8.49 | -2.33 |
Dividends
Dividend History
Madison Dividend Value ETF provided a 1.72% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.44 | $0.41 | $0.47 | $0.20 |
Dividend yield | 1.72% | 1.80% | 2.19% | 1.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Dividend Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.02 | $0.06 | $0.03 | $0.04 | $0.04 | $0.03 | $0.24 | |||||
| 2025 | $0.02 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.02 | $0.03 | $0.04 | $0.02 | $0.04 | $0.06 | $0.41 |
| 2024 | $0.03 | $0.05 | $0.02 | $0.04 | $0.04 | $0.06 | $0.02 | $0.03 | $0.04 | $0.04 | $0.04 | $0.08 | $0.47 |
| 2023 | $0.04 | $0.03 | $0.06 | $0.07 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Madison Dividend Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Madison Dividend Value ETF was 14.06%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.
The current Madison Dividend Value ETF drawdown is 0.99%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.06%Apr 2025 | 4mo 7d | 2mo 26d | 7mo 3dDec 2024 - Jul 2025 | 2025 selloff2025 |
-10.06%Oct 2023 | 1mo 12d | 1mo 18d | 3moSep 2023 - Dec 2023 | — |
-6.93%Mar 2026 | 17d | 4mo 10d | 4mo 27dMar 2026 - Jul 2026 | — |
-5.99%Apr 2024 | 17d | 2mo 29d | 3mo 16dApr 2024 - Jul 2024 | — |
-4.84%Nov 2025 | 1mo 20d | 21d | 2mo 11dOct 2025 - Dec 2025 | — |
Drawdown Indicators
| DIVL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.06% | -56.78% | +42.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -9.10% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.99% | -1.58% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -10.70% | +8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.14% | +0.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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