LGCF vs. MDLV

Last updated Jun 6, 2026

LGCF (Themes US Cash Flow Champions ETF) and MDLV (Morgan Dempsey Large Cap Value ETF) are both Large Cap Value Equities funds. LGCF is passively managed, while MDLV is actively managed. Over the past year, LGCF returned 18.10% vs 21.31% for MDLV. A 0.74 correlation means they provide meaningful diversification when combined. LGCF charges 0.29%/yr vs 0.58%/yr for MDLV.

Performance

LGCF vs. MDLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes US Cash Flow Champions ETF (LGCF) 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, LGCF achieves a 4.45% return, which is significantly lower than MDLV's 10.74% return.

LGCF

• 1D: -0.82%
• 1M: 0.95%
• YTD: 4.45%
• 6M: 5.09%
• 1Y: 18.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDLV

• 1D: -0.18%
• 1M: 2.40%
• YTD: 10.74%
• 6M: 11.81%
• 1Y: 21.31%
• 3Y*: 12.91%
• 5Y*: —
• 10Y*: —

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

LGCF vs. MDLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LGCF Themes US Cash Flow Champions ETF	4.45%	15.71%	17.65%	2.14%
MDLV Morgan Dempsey Large Cap Value ETF	10.74%	13.30%	10.16%	1.17%

Correlation

The correlation between LGCF and MDLV is 0.72, 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	0.72
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.74

The correlation between LGCF and MDLV has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.

LGCF vs. MDLV - Sectors Allocation Comparison

Sectors	LGCF	MDLV
Financial Services	36.2%	14.9%
Energy	21.7%	14.4%
Healthcare	17.3%	7.9%
Technology	8.5%	9.3%
Consumer Cyclical	7.6%	3.9%
Consumer Defensive	2.9%	8.2%
Basic Materials	2.3%	2.6%
Communication Services	2.3%	6.4%
Industrials	1.2%	15.0%
Real Estate	-	2.2%
Utilities	-	15.2%

Return for Risk

LGCF vs. MDLV — Risk / Return Rank

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

LGCF

LGCF Risk / Return Rank: 51
LGCF Sharpe Ratio Rank: 43
LGCF Sortino Ratio Rank: 43
LGCF Omega Ratio Rank: 44
LGCF Calmar Ratio Rank: 68
LGCF Martin Ratio Rank: 58

MDLV

MDLV Risk / Return Rank: 82
MDLV Sharpe Ratio Rank: 81
MDLV Sortino Ratio Rank: 84
MDLV Omega Ratio Rank: 76
MDLV Calmar Ratio Rank: 89
MDLV Martin Ratio Rank: 83

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.

LGCF vs. MDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes US Cash Flow Champions ETF (LGCF) 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.

	LGCF	MDLV	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.44	-1.03
Sortino ratio: Return per unit of downside risk	1.98	3.56	-1.58
Omega ratio: Gain probability vs. loss probability	1.26	1.42	-0.16
Calmar ratio: Return relative to maximum drawdown	3.16	5.02	-1.86
Martin ratio: Return relative to average drawdown	9.53	15.76	-6.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGCF vs. MDLV - Sharpe Ratio Comparison

The current LGCF Sharpe Ratio is 1.41, which is lower than the MDLV Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of LGCF 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

	LGCF	MDLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	2.44	-1.03
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	1.07	+0.01

Drawdowns

LGCF vs. MDLV - Drawdown Comparison

The maximum LGCF drawdown since its inception was -16.67%, which is greater than MDLV's maximum drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for LGCF and MDLV.

Drawdown Indicators

	LGCF	MDLV	Difference
Max Drawdown Largest peak-to-trough decline	-16.67%	-10.71%	-5.96%
Max Drawdown (1Y) Largest decline over 1 year	-5.75%	-4.27%	-1.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.71%	—
Current Drawdown Current decline from peak	-0.82%	-0.61%	-0.21%
Average Drawdown Average peak-to-trough decline	-2.22%	-2.29%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.36%	+0.54%

Volatility

LGCF vs. MDLV - Volatility Comparison

Themes US Cash Flow Champions ETF (LGCF) and Morgan Dempsey Large Cap Value ETF (MDLV) have volatilities of 2.92% and 2.79%, 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

	LGCF	MDLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.79%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	6.55%	+3.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	8.76%	+4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	10.51%	+4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.16%	10.51%	+4.65%

LGCF vs. MDLV - Expense Ratio Comparison

LGCF has a 0.29% expense ratio, which is lower than MDLV's 0.58% expense ratio.

Dividends

LGCF vs. MDLV - Dividend Comparison

LGCF's dividend yield for the trailing twelve months is around 1.76%, less than MDLV's 2.79% yield.

Position	TTM	2025	2024	2023
LGCF Themes US Cash Flow Champions ETF	1.76%	1.84%	1.19%	0.00%
MDLV Morgan Dempsey Large Cap Value ETF	2.79%	3.00%	2.78%	2.35%

Frequently Asked Questions

Can I hold both LGCF and MDLV in my portfolio?

LGCF and MDLV have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGCF or MDLV?

LGCF has higher volatility (2.92%) compared to MDLV (2.79%). In terms of maximum drawdown, LGCF dropped -16.67% vs MDLV's -10.71%.

Which ETF is better, LGCF or MDLV?

On 1-year performance, MDLV leads with 21.31% vs 18.10% for LGCF. On fees, LGCF is cheaper at 0.29% per year. On volatility, MDLV has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGCF or MDLV?

Over the 1-year period, MDLV has performed better with a 21.31% return vs 18.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGCF or MDLV?

LGCF is cheaper with a 0.29% expense ratio, compared with 0.58% for MDLV.

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

MDLV has the higher dividend yield at 2.79%, compared with 1.76% for LGCF.

What is the main difference between LGCF and MDLV?

They also come from different issuers: Themes and Morgan Dempsey. Their fees differ too: 0.29% for LGCF and 0.58% for MDLV.

Which has better risk-adjusted returns?

MDLV currently has the higher Sharpe Ratio (2.44 vs 1.41), 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.