BEDY vs. MDLV

Last updated Jun 4, 2026

BEDY (BNY Mellon Enhanced Dividend Income ETF) and MDLV (Morgan Dempsey Large Cap Value ETF) are both Large Cap Value Equities funds. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. BEDY charges 0.50%/yr vs 0.58%/yr for MDLV.

Performance

BEDY vs. MDLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Enhanced Dividend Income ETF (BEDY) and Morgan Dempsey Large Cap Value ETF (MDLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BEDY having a 10.40% return and MDLV slightly lower at 10.21%.

BEDY

• 1D: -0.33%
• 1M: 2.93%
• YTD: 10.40%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDLV

• 1D: -0.45%
• 1M: 1.67%
• YTD: 10.21%
• 6M: 11.06%
• 1Y: 19.98%
• 3Y*: 12.68%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEDY vs. MDLV - Yearly Performance Comparison

	2026 (YTD)	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	10.40%	1.62%
MDLV Morgan Dempsey Large Cap Value ETF	10.21%	1.13%

Correlation

The correlation between BEDY and MDLV is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.69

Return for Risk

BEDY vs. MDLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDLV

MDLV Risk / Return Rank: 75
MDLV Sharpe Ratio Rank: 71
MDLV Sortino Ratio Rank: 75
MDLV Omega Ratio Rank: 66
MDLV Calmar Ratio Rank: 85
MDLV Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BEDY vs. MDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Enhanced Dividend Income ETF (BEDY) and Morgan Dempsey Large Cap Value ETF (MDLV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BEDY	MDLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.27	1.06	+1.21

Drawdowns

BEDY vs. MDLV - Drawdown Comparison

The maximum BEDY drawdown since its inception was -6.25%, smaller than the maximum MDLV drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for BEDY and MDLV.

Drawdown Indicators

	BEDY	MDLV	Difference
Max Drawdown Largest peak-to-trough decline	-6.25%	-10.71%	+4.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.27%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.71%	—
Current Drawdown Current decline from peak	-0.33%	-1.08%	+0.75%
Average Drawdown Average peak-to-trough decline	-1.36%	-2.29%	+0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.36%	—

Volatility

Volatility by Period

	BEDY	MDLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.98%	8.76%	+3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.98%	10.52%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.98%	10.52%	+1.46%

BEDY vs. MDLV - Expense Ratio Comparison

BEDY has a 0.50% expense ratio, which is lower than MDLV's 0.58% expense ratio.

Dividends

BEDY vs. MDLV - Dividend Comparison

BEDY's dividend yield for the trailing twelve months is around 3.35%, more than MDLV's 2.80% yield.

Position	TTM	2025	2024	2023
BEDY BNY Mellon Enhanced Dividend Income ETF	3.35%	0.09%	0.00%	0.00%
MDLV Morgan Dempsey Large Cap Value ETF	2.80%	3.00%	2.78%	2.35%

Frequently Asked Questions

Can I hold both BEDY and MDLV in my portfolio?

BEDY and MDLV have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEDY or MDLV?

On fees, BEDY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEDY or MDLV?

BEDY is cheaper with a 0.50% expense ratio, compared with 0.58% for MDLV.

Which ETF pays a higher dividend yield, BEDY or MDLV?

BEDY has the higher dividend yield at 3.35%, compared with 2.80% for MDLV.

What is the main difference between BEDY and MDLV?

They also come from different issuers: BNY Mellon and Morgan Dempsey. Their fees differ too: 0.50% for BEDY and 0.58% for MDLV.