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IWD vs. MDLV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWD vs. MDLV

Last updated Jun 24, 2026

IWD (iShares Russell 1000 Value ETF) and MDLV (Morgan Dempsey Large Cap Value ETF) are both Large Cap Value Equities funds. IWD is passively managed, while MDLV is actively managed. Over the past 3 years, IWD returned 18.41%/yr vs 13.01%/yr for MDLV. A 0.79 correlation means they provide meaningful diversification when combined. IWD charges 0.18%/yr vs 0.58%/yr for MDLV.

Performance

IWD vs. MDLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 Value ETF (IWD) and Morgan Dempsey Large Cap Value ETF (MDLV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWD achieves a 15.35% return, which is significantly higher than MDLV's 10.68% return.

IWD

1D
-1.06%
1M
2.28%
YTD
15.35%
6M
14.66%
1Y
28.22%
3Y*
18.41%
5Y*
10.87%
10Y*
11.61%

MDLV

1D
0.74%
1M
-0.66%
YTD
10.68%
6M
10.67%
1Y
19.32%
3Y*
13.01%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWD vs. MDLV - Yearly Performance Comparison

2026 (YTD)202520242023
IWD
iShares Russell 1000 Value ETF		15.35%15.68%14.17%10.32%
MDLV
Morgan Dempsey Large Cap Value ETF		10.68%13.30%10.16%-0.14%

Correlation

The correlation between IWD and MDLV is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Apr 26, 2023

0.79

The correlation between IWD and MDLV shifts across timeframes, from 0.68 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

IWD vs. MDLV - Sectors Allocation Comparison

Sectors
IWD
MDLV

Technology

18.6%
10.0%

Financial Services

18.4%
14.9%

Industrials

12.5%
14.6%

Healthcare

10.6%
7.8%

Communication Services

8.1%
6.4%

Consumer Cyclical

7.1%
4.4%

Consumer Defensive

6.7%
8.3%

Energy

6.3%
14.1%

Utilities

4.0%
14.6%

Real Estate

3.9%
2.3%

Basic Materials

3.7%
2.7%

Technology

IWD
18.6%
MDLV
10.0%

Financial Services

IWD
18.4%
MDLV
14.9%

Industrials

IWD
12.5%
MDLV
14.6%

Healthcare

IWD
10.6%
MDLV
7.8%

Communication Services

IWD
8.1%
MDLV
6.4%

Consumer Cyclical

IWD
7.1%
MDLV
4.4%

Consumer Defensive

IWD
6.7%
MDLV
8.3%

Energy

IWD
6.3%
MDLV
14.1%

Utilities

IWD
4.0%
MDLV
14.6%

Real Estate

IWD
3.9%
MDLV
2.3%

Basic Materials

IWD
3.7%
MDLV
2.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Russell 1000 Value ETF

Morgan Dempsey Large Cap Value ETF

Often compared with IWD:
IWD vs. IWFIWD vs. VTVIWD vs. IWBIWD vs. QQQIWD vs. VONVIWD vs. IWVIWD vs. IWR
Often compared with MDLV:
MDLV vs. HDVMDLV vs. ELCVMDLV vs. DVALMDLV vs. EQINMDLV vs. SPLVMDLV vs. JHDVMDLV vs. VMAX

Return for Risk

IWD vs. MDLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWD
IWD Risk / Return Rank: 8383
Overall Rank
IWD Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
IWD Sortino Ratio Rank: 8383
Sortino Ratio Rank
IWD Omega Ratio Rank: 8080
Omega Ratio Rank
IWD Calmar Ratio Rank: 8282
Calmar Ratio Rank
IWD Martin Ratio Rank: 8686
Martin Ratio Rank
MDLV
MDLV Risk / Return Rank: 7777
Overall Rank
MDLV Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
MDLV Sortino Ratio Rank: 7777
Sortino Ratio Rank
MDLV Omega Ratio Rank: 6868
Omega Ratio Rank
MDLV Calmar Ratio Rank: 8787
Calmar Ratio Rank
MDLV Martin Ratio Rank: 7979
Martin Ratio Rank
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.

IWD vs. MDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) 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.

IWDMDLVDifference
Sharpe ratioReturn per unit of total volatility
2.52
2.18

+0.34

Sortino ratioReturn per unit of downside risk
3.52
3.14

+0.39

Omega ratioGain probability vs. loss probability

1.45

1.37

+0.08

Calmar ratioReturn relative to maximum drawdown

4.18

4.55

-0.37

Martin ratioReturn relative to average drawdown

17.32

14.09

+3.23

IWD vs. MDLV - Sharpe Ratio Comparison

The current IWD Sharpe Ratio is 2.52, which is comparable to the MDLV Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of IWD 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.

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Drawdowns

IWD vs. MDLV - Drawdown Comparison

The maximum IWD drawdown since its inception was -60.10%, which is greater than MDLV's maximum drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for IWD and MDLV.

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Drawdown Indicators

IWDMDLVDifference

Max Drawdown

Largest peak-to-trough decline

-60.10%

-10.71%

-49.39%

Max Drawdown (1Y)

Largest decline over 1 year

-6.79%

-4.27%

-2.52%

Max Drawdown (3Y)

Largest decline over 3 years

-15.71%

-10.71%

-5.00%

Max Drawdown (5Y)

Largest decline over 5 years

-19.04%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.51%

—

—

Current Drawdown

Current decline from peak

-1.16%

-1.44%

+0.28%

Average Drawdown

Average peak-to-trough decline

-8.64%

-2.27%

-6.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

1.37%

+0.26%

Volatility

IWD vs. MDLV - Volatility Comparison

iShares Russell 1000 Value ETF (IWD) has a higher volatility of 4.14% compared to Morgan Dempsey Large Cap Value ETF (MDLV) at 3.01%. This indicates that IWD'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.

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Volatility by Period

IWDMDLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.14%

3.01%

+1.13%

Volatility (6M)

Calculated over the trailing 6-month period

8.67%

6.74%

+1.93%

Volatility (1Y)

Calculated over the trailing 1-year period

11.27%

8.95%

+2.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.84%

10.52%

+4.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.28%

10.52%

+6.76%

IWD vs. MDLV - Expense Ratio Comparison

IWD has a 0.18% expense ratio, which is lower than MDLV's 0.58% expense ratio.

Dividends

IWD vs. MDLV - Dividend Comparison

IWD's dividend yield for the trailing twelve months is around 1.45%, less than MDLV's 2.79% yield.

PositionTTM20252024202320222021202020192018201720162015
IWD
iShares Russell 1000 Value ETF		1.45%1.69%1.87%2.02%2.15%1.62%2.05%2.45%2.71%2.09%2.25%2.47%
MDLV
Morgan Dempsey Large Cap Value ETF		2.79%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

IWD and MDLV have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWD has higher volatility (4.14%) compared to MDLV (3.01%). In terms of maximum drawdown, IWD dropped -60.10% vs MDLV's -10.71%.

On 3-year performance, IWD leads with 18.41% vs 13.01% for MDLV. On fees, IWD is cheaper at 0.18% per year. On volatility, MDLV has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IWD has performed better with a 18.41% return vs 13.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWD is cheaper with a 0.18% expense ratio, compared with 0.58% for MDLV.

MDLV has the higher dividend yield at 2.79%, compared with 1.45% for IWD.

They also come from different issuers: iShares and Morgan Dempsey. Their fees differ too: 0.18% for IWD and 0.58% for MDLV.

IWD currently has the higher Sharpe Ratio (2.52 vs 2.18), 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.

Portfolio Optimizer

Find the right allocation for IWD and MDLV

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