BUSA vs. MDLV

Last updated Jun 5, 2026

BUSA (Brandes U.S. Value ETF) and MDLV (Morgan Dempsey Large Cap Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, BUSA returned 24.37% vs 21.29% for MDLV. A 0.79 correlation means they provide meaningful diversification when combined. BUSA charges 0.60%/yr vs 0.58%/yr for MDLV.

Performance

BUSA vs. MDLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes U.S. Value ETF (BUSA) and Morgan Dempsey Large Cap Value ETF (MDLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUSA achieves a 8.42% return, which is significantly lower than MDLV's 10.95% return.

BUSA

• 1D: 1.39%
• 1M: 2.61%
• YTD: 8.42%
• 6M: 10.80%
• 1Y: 24.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDLV

• 1D: 0.67%
• 1M: 2.12%
• YTD: 10.95%
• 6M: 11.88%
• 1Y: 21.29%
• 3Y*: 13.07%
• 5Y*: —
• 10Y*: —

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

BUSA vs. MDLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BUSA Brandes U.S. Value ETF	8.42%	17.56%	15.76%	10.65%
MDLV Morgan Dempsey Large Cap Value ETF	10.95%	13.30%	10.16%	9.06%

Correlation

The correlation between BUSA and MDLV is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 6, 2023	0.79

The correlation between BUSA and MDLV has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.

BUSA vs. MDLV - Sectors Allocation Comparison

Sectors	BUSA	MDLV
Healthcare	23.8%	7.9%
Financial Services	20.1%	14.9%
Technology	12.9%	9.3%
Industrials	12.4%	15.0%
Energy	7.3%	14.4%
Communication Services	5.6%	6.4%
Consumer Defensive	5.1%	8.2%
Consumer Cyclical	4.9%	3.9%
Basic Materials	4.1%	2.6%
Utilities	3.4%	15.2%
Real Estate	-	2.2%

Return for Risk

BUSA vs. MDLV — Risk / Return Rank

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

BUSA

BUSA Risk / Return Rank: 63
BUSA Sharpe Ratio Rank: 62
BUSA Sortino Ratio Rank: 64
BUSA Omega Ratio Rank: 61
BUSA Calmar Ratio Rank: 66
BUSA Martin Ratio Rank: 62

MDLV

MDLV Risk / Return Rank: 80
MDLV Sharpe Ratio Rank: 77
MDLV Sortino Ratio Rank: 81
MDLV Omega Ratio Rank: 72
MDLV Calmar Ratio Rank: 88
MDLV Martin Ratio Rank: 81

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.

BUSA vs. MDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes U.S. Value ETF (BUSA) 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.

	BUSA	MDLV	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.44	-0.38
Sortino ratio: Return per unit of downside risk	2.93	3.56	-0.63
Omega ratio: Gain probability vs. loss probability	1.36	1.42	-0.06
Calmar ratio: Return relative to maximum drawdown	3.22	5.01	-1.80
Martin ratio: Return relative to average drawdown	10.94	15.75	-4.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUSA vs. MDLV - Sharpe Ratio Comparison

The current BUSA Sharpe Ratio is 2.06, which is comparable to the MDLV Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of BUSA and MDLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BUSA	MDLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.44	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	1.08	+0.41

Drawdowns

BUSA vs. MDLV - Drawdown Comparison

The maximum BUSA drawdown since its inception was -14.19%, which is greater than MDLV's maximum drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for BUSA and MDLV.

Drawdown Indicators

	BUSA	MDLV	Difference
Max Drawdown Largest peak-to-trough decline	-14.19%	-10.71%	-3.48%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-4.27%	-3.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.71%	—
Current Drawdown Current decline from peak	0.00%	-0.42%	+0.42%
Average Drawdown Average peak-to-trough decline	-2.15%	-2.29%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	1.36%	+0.87%

Volatility

BUSA vs. MDLV - Volatility Comparison

Brandes U.S. Value ETF (BUSA) and Morgan Dempsey Large Cap Value ETF (MDLV) have volatilities of 2.79% and 2.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUSA	MDLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	2.83%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	6.58%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	8.77%	+3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	10.51%	+3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	10.51%	+3.15%

BUSA vs. MDLV - Expense Ratio Comparison

BUSA has a 0.60% expense ratio, which is higher than MDLV's 0.58% expense ratio.

Dividends

BUSA vs. MDLV - Dividend Comparison

BUSA's dividend yield for the trailing twelve months is around 1.46%, less than MDLV's 2.78% yield.

Position	TTM	2025	2024	2023
BUSA Brandes U.S. Value ETF	1.46%	1.53%	1.37%	0.22%
MDLV Morgan Dempsey Large Cap Value ETF	2.78%	3.00%	2.78%	2.35%

Frequently Asked Questions

Can I hold both BUSA and MDLV in my portfolio?

BUSA and MDLV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUSA or MDLV?

MDLV has higher volatility (2.83%) compared to BUSA (2.79%). In terms of maximum drawdown, BUSA dropped -14.19% vs MDLV's -10.71%.

Which ETF is better, BUSA or MDLV?

On 1-year performance, BUSA leads with 24.37% vs 21.29% for MDLV. On fees, MDLV is cheaper at 0.58% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUSA or MDLV?

Over the 1-year period, BUSA has performed better with a 24.37% return vs 21.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUSA or MDLV?

MDLV is cheaper with a 0.58% expense ratio, compared with 0.60% for BUSA.

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

MDLV has the higher dividend yield at 2.78%, compared with 1.46% for BUSA.

What is the main difference between BUSA and MDLV?

They also come from different issuers: Brandes and Morgan Dempsey. Their fees differ too: 0.60% for BUSA and 0.58% for MDLV.

Which has better risk-adjusted returns?

MDLV currently has the higher Sharpe Ratio (2.44 vs 2.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.