FLV vs. MDLV

Last updated Aug 5, 2026

FLV (American Century Focused Large Cap Value ETF) and MDLV (Morgan Dempsey Large Cap Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past 3 years, FLV returned 15.86%/yr vs 13.03%/yr for MDLV. Their correlation of 0.85 means they have usually moved in the same direction. FLV charges 0.42%/yr vs 0.58%/yr for MDLV.

Performance

FLV vs. MDLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Focused Large Cap Value ETF (FLV) 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, FLV achieves a 16.26% return, which is significantly higher than MDLV's 12.36% return.

FLV

• 1D: 1.13%
• 1M: 5.00%
• 6M: 10.48%
• YTD: 16.26%
• 1Y: 23.96%
• 3Y*: 15.86%
• 5Y*: 10.66%
• 10Y*: —
• ALL TIME*: 16.97%

MDLV

• 1D: -0.14%
• 1M: 0.84%
• 6M: 5.61%
• YTD: 12.36%
• 1Y: 19.91%
• 3Y*: 13.03%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.84%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLV American Century Focused Large Cap Value ETF	$466.37K	$491.80K	$1.09M
MDLV Morgan Dempsey Large Cap Value ETF	$189.32K	$170.50K	$194.78K

FLV vs. MDLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLV American Century Focused Large Cap Value ETF	16.26%	15.80%	11.51%	4.36%
MDLV Morgan Dempsey Large Cap Value ETF	12.36%	13.30%	10.16%	-0.14%

Correlation

The correlation between FLV and MDLV is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (All Time) Calculated using the full available price history since Apr 26, 2023	0.85

The correlation between FLV and MDLV has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

FLV vs. MDLV - Sectors Allocation Comparison

Sectors	FLV	MDLV
Financial Services	22.7%	15.4%
Healthcare	16.8%	8.6%
Consumer Defensive	12.4%	8.3%
Industrials	12.0%	15.1%
Technology	12.0%	9.6%
Energy	8.0%	13.6%
Consumer Cyclical	6.7%	4.4%
Utilities	5.2%	15.3%
Basic Materials	3.1%	2.4%
Real Estate	1.8%	1.9%
Communication Services	1.1%	5.5%

Return for Risk

FLV vs. MDLV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLV

FLV Risk / Return Rank: 84
FLV Sharpe Ratio Rank: 88
FLV Sortino Ratio Rank: 91
FLV Omega Ratio Rank: 87
FLV Calmar Ratio Rank: 79
FLV Martin Ratio Rank: 73

MDLV

MDLV Risk / Return Rank: 88
MDLV Sharpe Ratio Rank: 86
MDLV Sortino Ratio Rank: 88
MDLV Omega Ratio Rank: 82
MDLV Calmar Ratio Rank: 93
MDLV Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLV vs. MDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Focused Large Cap Value ETF (FLV) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLV	MDLV	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.20	+0.15
Sortino ratio: Return per unit of downside risk	3.46	3.19	+0.27
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	3.20	4.69	-1.49
Martin ratio: Return relative to average drawdown	10.17	14.73	-4.56

FLV vs. MDLV - Sharpe Ratio Comparison

The current FLV Sharpe Ratio is 2.34, which is comparable to the MDLV Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of FLV 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.

Drawdowns

FLV vs. MDLV - Drawdown Comparison

The maximum FLV drawdown since its inception was -15.06%, which is greater than MDLV's maximum drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for FLV and MDLV.

Drawdown Indicators

	FLV	MDLV	Difference
Max Drawdown Largest peak-to-trough decline	-15.06%	-10.71%	-4.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-4.27%	-3.26%
Max Drawdown (3Y) Largest decline over 3 years	-12.42%	-10.71%	-1.71%
Max Drawdown (5Y) Largest decline over 5 years	-15.06%	—	—
Current Drawdown Current decline from peak	0.00%	-1.33%	+1.33%
Average Drawdown Average peak-to-trough decline	-2.68%	-2.23%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	1.36%	+1.00%

Volatility

FLV vs. MDLV - Volatility Comparison

American Century Focused Large Cap Value ETF (FLV) has a higher volatility of 3.67% compared to Morgan Dempsey Large Cap Value ETF (MDLV) at 3.13%. This indicates that FLV's price experiences larger fluctuations and is considered to be riskier than MDLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLV	MDLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	3.13%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	7.94%	6.94%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	10.33%	9.13%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.72%	10.52%	+2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.23%	10.52%	+3.71%

FLV vs. MDLV - Expense Ratio Comparison

FLV has a 0.42% expense ratio, which is lower than MDLV's 0.58% expense ratio.

Dividends

FLV vs. MDLV - Dividend Comparison

FLV's dividend yield for the trailing twelve months is around 1.48%, less than MDLV's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FLV American Century Focused Large Cap Value ETF	1.48%	1.90%	2.07%	2.07%	4.98%	4.05%	0.87%
MDLV Morgan Dempsey Large Cap Value ETF	2.70%	3.00%	2.78%	2.35%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLV and MDLV in my portfolio?

FLV and MDLV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLV or MDLV?

FLV has higher volatility (3.67%) compared to MDLV (3.13%). In terms of maximum drawdown, FLV dropped -15.06% vs MDLV's -10.71%.

Which ETF is better, FLV or MDLV?

On 3-year performance, FLV leads with 15.86% vs 13.03% for MDLV. On fees, FLV is cheaper at 0.42% per year. On volatility, MDLV has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLV or MDLV?

Over the 3-year period, FLV has performed better with a 15.86% return vs 13.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLV or MDLV?

FLV is cheaper with a 0.42% expense ratio, compared with 0.58% for MDLV.

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

MDLV has the higher dividend yield at 2.70%, compared with 1.48% for FLV.

What is the main difference between FLV and MDLV?

They also come from different issuers: American Century and Morgan Dempsey. Their fees differ too: 0.42% for FLV and 0.58% for MDLV.

Which has better risk-adjusted returns?

FLV currently has the higher Sharpe Ratio (2.34 vs 2.20), 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.