DIVN vs. MDLV
DIVN (Horizon Dividend Income ETF) and MDLV (Morgan Dempsey Large Cap Value ETF) are both Large Cap Value Equities funds. A 0.80 correlation means they provide meaningful diversification when combined. DIVN charges 0.70%/yr vs 0.58%/yr for MDLV.
Performance
DIVN vs. MDLV - Performance Comparison
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Returns By Period
In the year-to-date period, DIVN achieves a 11.87% return, which is significantly higher than MDLV's 10.21% return.
DIVN
- 1D
- 0.21%
- 1M
- 3.29%
- YTD
- 11.87%
- 6M
- 11.53%
- 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*
- —
DIVN vs. MDLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DIVN Horizon Dividend Income ETF | 11.87% | 7.95% |
MDLV Morgan Dempsey Large Cap Value ETF | 10.21% | 7.53% |
Correlation
The correlation between DIVN and MDLV is 0.80, 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 Jun 27, 2025 | 0.80 |
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Return for Risk
DIVN vs. MDLV — Risk / Return Rank
DIVN
MDLV
DIVN vs. MDLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Dividend Income ETF (DIVN) 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.
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Sharpe Ratios by Period
| DIVN | 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 | 2.13 | 1.06 | +1.07 |
Drawdowns
DIVN vs. MDLV - Drawdown Comparison
The maximum DIVN drawdown since its inception was -5.55%, smaller than the maximum MDLV drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for DIVN and MDLV.
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Drawdown Indicators
| DIVN | MDLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.55% | -10.71% | +5.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.27% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.71% | — |
Current DrawdownCurrent decline from peak | -0.63% | -1.08% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -2.29% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.36% | — |
Volatility
DIVN vs. MDLV - Volatility Comparison
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Volatility by Period
| DIVN | 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 | 10.56% | 8.76% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 10.52% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 10.52% | +0.04% |
DIVN vs. MDLV - Expense Ratio Comparison
DIVN has a 0.70% expense ratio, which is higher than MDLV's 0.58% expense ratio.
Dividends
DIVN vs. MDLV - Dividend Comparison
DIVN's dividend yield for the trailing twelve months is around 3.12%, more than MDLV's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DIVN Horizon Dividend Income ETF | 3.12% | 1.47% | 0.00% | 0.00% |
MDLV Morgan Dempsey Large Cap Value ETF | 2.80% | 3.00% | 2.78% | 2.35% |
Frequently Asked Questions
DIVN and MDLV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MDLV is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MDLV is cheaper with a 0.58% expense ratio, compared with 0.70% for DIVN.
DIVN has the higher dividend yield at 3.12%, compared with 2.80% for MDLV.
They also come from different issuers: Horizon and Morgan Dempsey. Their fees differ too: 0.70% for DIVN and 0.58% for MDLV.
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