DEW vs. MDLV

Last updated Jun 5, 2026

DEW (WisdomTree Global High Dividend Fund) and MDLV (Morgan Dempsey Large Cap Value ETF) are both Large Cap Value Equities funds. DEW is passively managed, while MDLV is actively managed. Over the past 3 years, DEW returned 19.28%/yr vs 13.07%/yr for MDLV. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.58% expense ratio.

Performance

DEW vs. MDLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global High Dividend Fund (DEW) 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, DEW achieves a 12.69% return, which is significantly higher than MDLV's 10.95% return.

DEW

• 1D: 0.98%
• 1M: 1.07%
• YTD: 12.69%
• 6M: 14.16%
• 1Y: 26.94%
• 3Y*: 19.28%
• 5Y*: 10.89%
• 10Y*: 9.32%

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)

DEW vs. MDLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DEW WisdomTree Global High Dividend Fund	12.69%	22.39%	11.58%	8.40%
MDLV Morgan Dempsey Large Cap Value ETF	10.95%	13.30%	10.16%	0.68%

Correlation

The correlation between DEW and MDLV is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023	0.84

The correlation between DEW and MDLV has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

DEW vs. MDLV - Sectors Allocation Comparison

Sectors	DEW	MDLV
Financial Services	19.7%	14.9%
Energy	14.7%	14.4%
Utilities	10.8%	15.2%
Real Estate	10.8%	2.2%
Healthcare	9.5%	7.9%
Consumer Defensive	8.9%	8.2%
Industrials	4.4%	15.0%
Communication Services	4.1%	6.4%
Consumer Cyclical	3.1%	3.9%
Basic Materials	2.8%	2.6%
Technology	2.5%	9.3%

Return for Risk

DEW vs. MDLV — Risk / Return Rank

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

DEW

DEW Risk / Return Rank: 84
DEW Sharpe Ratio Rank: 86
DEW Sortino Ratio Rank: 87
DEW Omega Ratio Rank: 83
DEW Calmar Ratio Rank: 82
DEW Martin Ratio Rank: 84

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.

DEW vs. MDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global High Dividend Fund (DEW) 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.

	DEW	MDLV	Difference
Sharpe ratio: Return per unit of total volatility	2.81	2.44	+0.37
Sortino ratio: Return per unit of downside risk	3.91	3.56	+0.35
Omega ratio: Gain probability vs. loss probability	1.50	1.42	+0.08
Calmar ratio: Return relative to maximum drawdown	4.27	5.01	-0.74
Martin ratio: Return relative to average drawdown	16.82	15.75	+1.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEW vs. MDLV - Sharpe Ratio Comparison

The current DEW Sharpe Ratio is 2.81, which is comparable to the MDLV Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of DEW 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

	DEW	MDLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	2.44	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	1.08	-0.79

Drawdowns

DEW vs. MDLV - Drawdown Comparison

The maximum DEW drawdown since its inception was -65.55%, which is greater than MDLV's maximum drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for DEW and MDLV.

Drawdown Indicators

	DEW	MDLV	Difference
Max Drawdown Largest peak-to-trough decline	-65.55%	-10.71%	-54.84%
Max Drawdown (1Y) Largest decline over 1 year	-6.34%	-4.27%	-2.07%
Max Drawdown (3Y) Largest decline over 3 years	-11.80%	-10.71%	-1.09%
Max Drawdown (5Y) Largest decline over 5 years	-18.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.77%	—	—
Current Drawdown Current decline from peak	-0.33%	-0.42%	+0.09%
Average Drawdown Average peak-to-trough decline	-12.44%	-2.29%	-10.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.36%	+0.25%

Volatility

DEW vs. MDLV - Volatility Comparison

WisdomTree Global High Dividend Fund (DEW) and Morgan Dempsey Large Cap Value ETF (MDLV) have volatilities of 2.86% 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

	DEW	MDLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	2.83%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.22%	6.58%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	9.65%	8.77%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	10.51%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.53%	10.51%	+5.02%

DEW vs. MDLV - Expense Ratio Comparison

Both DEW and MDLV have an expense ratio of 0.58%.

Dividends

DEW vs. MDLV - Dividend Comparison

DEW's dividend yield for the trailing twelve months is around 3.19%, more than MDLV's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEW WisdomTree Global High Dividend Fund	3.19%	3.71%	4.02%	4.55%	3.82%	3.55%	4.10%	3.74%	4.17%	3.18%	3.42%	4.32%
MDLV Morgan Dempsey Large Cap Value ETF	2.78%	3.00%	2.78%	2.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DEW and MDLV in my portfolio?

DEW and MDLV have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEW or MDLV?

DEW has higher volatility (2.86%) compared to MDLV (2.83%). In terms of maximum drawdown, DEW dropped -65.55% vs MDLV's -10.71%.

Which ETF is better, DEW or MDLV?

On 3-year performance, DEW leads with 19.28% vs 13.07% for MDLV. Both ETFs have the same 0.58% expense ratio. 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, DEW or MDLV?

Over the 3-year period, DEW has performed better with a 19.28% return vs 13.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEW or MDLV?

DEW and MDLV have the same expense ratio: 0.58% per year.

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

DEW has the higher dividend yield at 3.19%, compared with 2.78% for MDLV.

What is the main difference between DEW and MDLV?

They also come from different issuers: WisdomTree and Morgan Dempsey.

Which has better risk-adjusted returns?

DEW currently has the higher Sharpe Ratio (2.81 vs 2.44), 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.