CVAR vs. MDYV
Compare and contrast key facts about Cultivar ETF (CVAR) and SPDR S&P 400 Mid Cap Value ETF (MDYV).
CVAR and MDYV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVAR is an actively managed fund by Cultivar. It was launched on Dec 22, 2021. MDYV is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Value Index. It was launched on Nov 8, 2005.
Performance
CVAR vs. MDYV - Performance Comparison
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CVAR vs. MDYV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CVAR Cultivar ETF | -0.40% | 14.95% | 3.12% | 11.74% | -5.03% | 0.71% |
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.05% | 7.45% | 11.48% | 15.35% | -7.19% | 1.83% |
Returns By Period
In the year-to-date period, CVAR achieves a -0.40% return, which is significantly lower than MDYV's 1.05% return.
CVAR
- 1D
- 1.10%
- 1M
- -7.18%
- YTD
- -0.40%
- 6M
- 1.93%
- 1Y
- 10.52%
- 3Y*
- 7.39%
- 5Y*
- —
- 10Y*
- —
MDYV
- 1D
- 2.37%
- 1M
- -5.21%
- YTD
- 1.05%
- 6M
- 3.03%
- 1Y
- 12.66%
- 3Y*
- 10.86%
- 5Y*
- 7.14%
- 10Y*
- 9.95%
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CVAR vs. MDYV - Expense Ratio Comparison
CVAR has a 0.87% expense ratio, which is higher than MDYV's 0.15% expense ratio.
Return for Risk
CVAR vs. MDYV — Risk / Return Rank
CVAR
MDYV
CVAR vs. MDYV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cultivar ETF (CVAR) and SPDR S&P 400 Mid Cap Value ETF (MDYV). 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.
| CVAR | MDYV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.62 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.10 | 1.01 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 0.91 | +0.11 |
Martin ratioReturn relative to average drawdown | 3.64 | 3.42 | +0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CVAR | MDYV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.62 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.40 | -0.04 |
Correlation
The correlation between CVAR and MDYV is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CVAR vs. MDYV - Dividend Comparison
CVAR's dividend yield for the trailing twelve months is around 1.53%, less than MDYV's 1.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVAR Cultivar ETF | 1.53% | 1.53% | 3.57% | 1.41% | 5.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.86% | 1.72% | 1.89% | 1.59% | 1.90% | 1.74% | 1.69% | 1.83% | 2.28% | 2.48% | 1.83% | 4.31% |
Drawdowns
CVAR vs. MDYV - Drawdown Comparison
The maximum CVAR drawdown since its inception was -19.39%, smaller than the maximum MDYV drawdown of -60.71%. Use the drawdown chart below to compare losses from any high point for CVAR and MDYV.
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Drawdown Indicators
| CVAR | MDYV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.39% | -60.71% | +41.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -14.55% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.90% | — |
Current DrawdownCurrent decline from peak | -7.18% | -7.55% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -8.68% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 3.86% | -0.89% |
Volatility
CVAR vs. MDYV - Volatility Comparison
The current volatility for Cultivar ETF (CVAR) is 3.76%, while SPDR S&P 400 Mid Cap Value ETF (MDYV) has a volatility of 5.35%. This indicates that CVAR experiences smaller price fluctuations and is considered to be less risky than MDYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVAR | MDYV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 5.35% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 11.43% | -2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 20.68% | -5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 19.57% | -3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.70% | 21.90% | -6.20% |