- ISIN
- US5896192045
- CUSIP
- 589619204
- Issuer
- Meridian
- Inception Date
- Feb 10, 1994
- Category
- Mid Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MVALX Performance Chart
Meridian Contrarian Fund (MVALX) is up 11.7% since the beginning of the year. MVALX is currently trading at $45 per share. Investors who bought $1,000 worth of MVALX shares 5 years ago would now be looking at an investment worth $1,440.
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Returns By Period
Meridian Contrarian Fund (MVALX) has returned 11.73% so far this year and 22.46% over the past 12 months. Over the last ten years, MVALX has returned 12.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Meridian Contrarian Fund
- 1D
- 1.87%
- 1M
- -4.82%
- 6M
- 6.45%
- YTD
- 11.73%
- 1Y
- 22.46%
- 3Y*
- 12.17%
- 5Y*
- 7.57%
- 10Y*
- 12.56%
- ALL TIME*
- 11.12%
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%
MVALX Monthly Returns History
Based on dividend-adjusted daily data since Feb 7, 1994, MVALX's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +17.8%, while the worst month was Mar 2020 at -23.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MVALX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.2%, while the worst single day was Mar 16, 2020 at -14.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.96% | 3.94% | -7.33% | 9.74% | 3.93% | 3.24% | -6.15% | 11.73% | |||||
| 2025 | 5.03% | -8.39% | -3.96% | -1.02% | 9.55% | 7.36% | 1.70% | 2.45% | 2.42% | 3.63% | -2.08% | 0.80% | 17.43% |
| 2024 | -1.92% | 3.13% | 5.04% | -7.05% | 3.86% | -1.63% | 5.06% | 0.36% | 1.34% | -1.88% | 10.84% | -6.42% | 9.73% |
| 2023 | 8.35% | -2.67% | 0.11% | -1.27% | -0.20% | 5.72% | 4.25% | -4.48% | -5.76% | -7.24% | 8.87% | 7.84% | 12.40% |
| 2022 | -7.96% | 2.46% | 0.44% | -8.15% | 1.13% | -10.11% | 9.46% | -2.52% | -9.35% | 9.12% | 5.22% | -5.12% | -16.67% |
| 2021 | 1.70% | 9.36% | 2.37% | 4.19% | 1.78% | -0.26% | -1.55% | 1.05% | -2.88% | 5.26% | -1.84% | 5.36% | 26.66% |
Benchmark Metrics
Meridian Contrarian Fund has an annualized alpha of 3.48%, beta of 0.86, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since February 07, 1994.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (97.95%) than losses (88.31%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.48% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.86 and R2 of 0.72, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.48%
- Beta
- 0.86
- R²
- 0.72
- Upside Capture
- 97.95%
- Downside Capture
- 88.31%
Expense Ratio
MVALX has a high expense ratio of 1.12%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MVALX ranks 30 for risk / return — above 30% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Meridian Contrarian Fund (MVALX) 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.
| MVALX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.00 | -0.33 |
| Martin ratioReturn relative to average drawdown | 5.65 | 8.49 | -2.84 |
Dividends
Dividend History
Meridian Contrarian Fund provided a 11.46% dividend yield over the last twelve months, with an annual payout of $5.11 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.11 | $5.11 | $1.63 | $1.99 | $3.92 | $6.49 | $2.06 | $2.81 | $7.89 | $4.42 | $0.19 | $5.37 |
Dividend yield | 11.46% | 12.81% | 4.26% | 5.45% | 11.45% | 14.16% | 4.93% | 7.94% | 25.52% | 10.53% | 0.52% | 16.76% |
Monthly Dividends
The table displays the monthly dividend distributions for Meridian Contrarian Fund. 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.11 | $5.11 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.63 | $1.63 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.99 | $1.99 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.92 | $3.92 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.49 | $6.49 |
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 Meridian Contrarian Fund. 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 Meridian Contrarian Fund was 50.65%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.
The current Meridian Contrarian Fund drawdown is 6.15%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-50.65%Mar 2009 | 1y 7mo | 3y 5d | 4y 8moJul 2007 - Mar 2012 | Financial crisis2007–2009 |
-42.06%Mar 2020 | 1mo 1d | 6mo 23d | 7mo 24dFeb 2020 - Oct 2020 | COVID crash2020 |
-28.72%Oct 1998 | 1y 15d | 7mo | 1y 7moSep 1997 - May 1999 | — |
-25.68%Oct 2002 | 4mo 22d | 10mo 13d | 1y 3moMay 2002 - Aug 2003 | Dot-com crash2000–2002 |
-24.80%Apr 2025 | 4mo 6d | 2mo 19d | 6mo 25dDec 2024 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| MVALX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.65% | -56.78% | +6.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.53% | -9.10% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -24.80% | -18.90% | -5.90% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -25.43% | +0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -42.06% | -33.92% | -8.14% |
Current DrawdownCurrent decline from peak | -6.15% | -1.58% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -10.70% | +3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.14% | +1.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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