MAVF vs. MDLV

Last updated Jun 26, 2026

MAVF (Matrix Advisors Value ETF) and MDLV (Morgan Dempsey Large Cap Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, MAVF returned 28.85% vs 19.70% for MDLV. A 0.54 correlation means they provide meaningful diversification when combined. MAVF charges 0.75%/yr vs 0.58%/yr for MDLV.

Performance

MAVF vs. MDLV - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with MAVF having a 10.41% return and MDLV slightly higher at 10.54%.

MAVF

• 1D: 0.23%
• 1M: -1.08%
• YTD: 10.41%
• 6M: 8.94%
• 1Y: 28.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDLV

• 1D: 0.53%
• 1M: -0.15%
• YTD: 10.54%
• 6M: 9.98%
• 1Y: 19.70%
• 3Y*: 12.84%
• 5Y*: —
• 10Y*: —

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

MAVF vs. MDLV - Yearly Performance Comparison

	2026 (YTD)	2025
MAVF Matrix Advisors Value ETF	10.41%	18.40%
MDLV Morgan Dempsey Large Cap Value ETF	10.54%	7.08%

Correlation

The correlation between MAVF and MDLV is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Feb 24, 2025	0.54

The correlation between MAVF and MDLV has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

MAVF vs. MDLV - Sectors Allocation Comparison

Sectors	MAVF	MDLV
Technology	26.2%	10.0%
Financial Services	25.6%	14.9%
Communication Services	15.2%	6.4%
Consumer Cyclical	11.7%	4.4%
Healthcare	8.0%	7.8%
Industrials	7.4%	14.6%
Consumer Defensive	6.0%	8.3%
Basic Materials	-	2.7%
Energy	-	14.1%
Real Estate	-	2.3%
Utilities	-	14.6%

Return for Risk

MAVF vs. MDLV — Risk / Return Rank

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

MAVF

MAVF Risk / Return Rank: 67
MAVF Sharpe Ratio Rank: 71
MAVF Sortino Ratio Rank: 70
MAVF Omega Ratio Rank: 67
MAVF Calmar Ratio Rank: 61
MAVF Martin Ratio Rank: 66

MDLV

MDLV Risk / Return Rank: 81
MDLV Sharpe Ratio Rank: 79
MDLV Sortino Ratio Rank: 82
MDLV Omega Ratio Rank: 73
MDLV Calmar Ratio Rank: 89
MDLV Martin Ratio Rank: 82

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.

MAVF vs. MDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matrix Advisors Value ETF (MAVF) 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.

	MAVF	MDLV	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.22	-0.20
Sortino ratio: Return per unit of downside risk	2.78	3.19	-0.41
Omega ratio: Gain probability vs. loss probability	1.35	1.38	-0.02
Calmar ratio: Return relative to maximum drawdown	2.65	4.64	-1.99
Martin ratio: Return relative to average drawdown	10.64	14.27	-3.63

MAVF vs. MDLV - Sharpe Ratio Comparison

The current MAVF Sharpe Ratio is 2.02, which is comparable to the MDLV Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of MAVF 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

MAVF vs. MDLV - Drawdown Comparison

The maximum MAVF drawdown since its inception was -17.13%, which is greater than MDLV's maximum drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for MAVF and MDLV.

Drawdown Indicators

	MAVF	MDLV	Difference
Max Drawdown Largest peak-to-trough decline	-17.13%	-10.71%	-6.42%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-4.27%	-6.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.71%	—
Current Drawdown Current decline from peak	-1.97%	-1.57%	-0.40%
Average Drawdown Average peak-to-trough decline	-2.55%	-2.27%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	1.38%	+1.34%

Volatility

MAVF vs. MDLV - Volatility Comparison

Matrix Advisors Value ETF (MAVF) has a higher volatility of 4.92% compared to Morgan Dempsey Large Cap Value ETF (MDLV) at 2.98%. This indicates that MAVF'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

	MAVF	MDLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	2.98%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	11.25%	6.75%	+4.50%
Volatility (1Y) Calculated over the trailing 1-year period	14.34%	8.94%	+5.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.13%	10.51%	+8.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.13%	10.51%	+8.62%

MAVF vs. MDLV - Expense Ratio Comparison

MAVF has a 0.75% expense ratio, which is higher than MDLV's 0.58% expense ratio.

Dividends

MAVF vs. MDLV - Dividend Comparison

MAVF's dividend yield for the trailing twelve months is around 0.38%, less than MDLV's 2.79% yield.

Position	TTM	2025	2024	2023
MAVF Matrix Advisors Value ETF	0.38%	0.42%	0.00%	0.00%
MDLV Morgan Dempsey Large Cap Value ETF	2.79%	3.00%	2.78%	2.35%

Frequently Asked Questions

Can I hold both MAVF and MDLV in my portfolio?

MAVF and MDLV have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAVF or MDLV?

MAVF has higher volatility (4.92%) compared to MDLV (2.98%). In terms of maximum drawdown, MAVF dropped -17.13% vs MDLV's -10.71%.

Which ETF is better, MAVF or MDLV?

On 1-year performance, MAVF leads with 28.85% vs 19.70% for MDLV. On fees, MDLV is cheaper at 0.58% per year. On volatility, MDLV has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAVF or MDLV?

Over the 1-year period, MAVF has performed better with a 28.85% return vs 19.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAVF or MDLV?

MDLV is cheaper with a 0.58% expense ratio, compared with 0.75% for MAVF.

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

MDLV has the higher dividend yield at 2.79%, compared with 0.38% for MAVF.

What is the main difference between MAVF and MDLV?

They also come from different issuers: Matrix Asset Advisors and Morgan Dempsey. Their fees differ too: 0.75% for MAVF and 0.58% for MDLV.

Which has better risk-adjusted returns?

MDLV currently has the higher Sharpe Ratio (2.22 vs 2.02), 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.