GVLU vs. MAGG

Last updated Aug 4, 2026

GVLU (Gotham 1000 Value ETF) and MAGG (Madison Aggregate Bond ETF) are both exchange-traded funds - GVLU is a Mid Cap Value Equities fund actively managed by Gotham, while MAGG is a Intermediate Core Bond fund actively managed by Madison. Both are actively managed. Over the past year, GVLU returned 26.11% vs 2.42% for MAGG. Their 0.23 correlation means their historical movements had little consistent relationship. GVLU charges 0.51%/yr vs 0.40%/yr for MAGG.

Performance

GVLU vs. MAGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham 1000 Value ETF (GVLU) and Madison Aggregate Bond ETF (MAGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GVLU achieves a 14.14% return, which is significantly higher than MAGG's -0.54% return.

GVLU

• 1D: 0.98%
• 1M: 4.56%
• 6M: 9.08%
• YTD: 14.14%
• 1Y: 26.11%
• 3Y*: 14.59%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.89%

MAGG

• 1D: 0.08%
• 1M: -1.20%
• 6M: -1.23%
• YTD: -0.54%
• 1Y: 2.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.39%

*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)
GVLU Gotham 1000 Value ETF	$115.55K	$133.52K	$132.79K
MAGG Madison Aggregate Bond ETF	$24.47K	$43.99K	$116.37K

GVLU vs. MAGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GVLU Gotham 1000 Value ETF	14.14%	11.24%	11.09%	8.89%
MAGG Madison Aggregate Bond ETF	-0.54%	7.28%	1.81%	4.39%

Correlation

The correlation between GVLU and MAGG is 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.31
Correlation (All Time) Calculated using the full available price history since Aug 29, 2023	0.23

Return for Risk

GVLU vs. MAGG — Risk / Return Rank

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

GVLU

GVLU Risk / Return Rank: 82
GVLU Sharpe Ratio Rank: 82
GVLU Sortino Ratio Rank: 87
GVLU Omega Ratio Rank: 79
GVLU Calmar Ratio Rank: 83
GVLU Martin Ratio Rank: 79

MAGG

MAGG Risk / Return Rank: 25
MAGG Sharpe Ratio Rank: 25
MAGG Sortino Ratio Rank: 25
MAGG Omega Ratio Rank: 24
MAGG Calmar Ratio Rank: 26
MAGG Martin Ratio Rank: 26

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.

GVLU vs. MAGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham 1000 Value ETF (GVLU) and Madison Aggregate Bond ETF (MAGG). 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.

	GVLU	MAGG	Difference
Sharpe ratio: Return per unit of total volatility	2.00	0.64	+1.36
Sortino ratio: Return per unit of downside risk	3.05	0.97	+2.08
Omega ratio: Gain probability vs. loss probability	1.35	1.11	+0.23
Calmar ratio: Return relative to maximum drawdown	3.22	0.85	+2.37
Martin ratio: Return relative to average drawdown	10.78	2.20	+8.58

GVLU vs. MAGG - Sharpe Ratio Comparison

The current GVLU Sharpe Ratio is 2.00, which is higher than the MAGG Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of GVLU and MAGG, 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

GVLU vs. MAGG - Drawdown Comparison

The maximum GVLU drawdown since its inception was -20.82%, which is greater than MAGG's maximum drawdown of -4.56%. Use the drawdown chart below to compare losses from any high point for GVLU and MAGG.

Drawdown Indicators

	GVLU	MAGG	Difference
Max Drawdown Largest peak-to-trough decline	-20.82%	-4.56%	-16.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-2.86%	-5.28%
Max Drawdown (3Y) Largest decline over 3 years	-20.82%	—	—
Current Drawdown Current decline from peak	-0.41%	-2.20%	+1.79%
Average Drawdown Average peak-to-trough decline	-4.05%	-1.26%	-2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	1.10%	+1.33%

Volatility

GVLU vs. MAGG - Volatility Comparison

Gotham 1000 Value ETF (GVLU) has a higher volatility of 3.92% compared to Madison Aggregate Bond ETF (MAGG) at 0.83%. This indicates that GVLU's price experiences larger fluctuations and is considered to be riskier than MAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVLU	MAGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	0.83%	+3.09%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	2.74%	+6.74%
Volatility (1Y) Calculated over the trailing 1-year period	13.17%	3.83%	+9.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	4.67%	+12.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	4.67%	+12.95%

GVLU vs. MAGG - Expense Ratio Comparison

GVLU has a 0.51% expense ratio, which is higher than MAGG's 0.40% expense ratio.

Dividends

GVLU vs. MAGG - Dividend Comparison

GVLU's dividend yield for the trailing twelve months is around 5.64%, more than MAGG's 4.89% yield.

Position	TTM	2025	2024	2023	2022
GVLU Gotham 1000 Value ETF	5.64%	6.44%	2.88%	1.62%	0.98%
MAGG Madison Aggregate Bond ETF	4.89%	4.80%	5.13%	1.49%	0.00%

Frequently Asked Questions

Can I hold both GVLU and MAGG in my portfolio?

GVLU and MAGG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GVLU or MAGG?

GVLU has higher volatility (3.92%) compared to MAGG (0.83%). In terms of maximum drawdown, GVLU dropped -20.82% vs MAGG's -4.56%.

Which ETF is better, GVLU or MAGG?

On 1-year performance, GVLU leads with 26.11% vs 2.42% for MAGG. On fees, MAGG is cheaper at 0.40% per year. On volatility, MAGG has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GVLU or MAGG?

Over the 1-year period, GVLU has performed better with a 26.11% return vs 2.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GVLU or MAGG?

MAGG is cheaper with a 0.40% expense ratio, compared with 0.51% for GVLU.

Which ETF pays a higher dividend yield, GVLU or MAGG?

GVLU has the higher dividend yield at 5.64%, compared with 4.89% for MAGG.

What is the main difference between GVLU and MAGG?

GVLU is categorized as Mid Cap Value Equities, while MAGG is Intermediate Core Bond. They also come from different issuers: Gotham and Madison. Their fees differ too: 0.51% for GVLU and 0.40% for MAGG.

Which has better risk-adjusted returns?

GVLU currently has the higher Sharpe Ratio (2.00 vs 0.64), 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.