MDLV vs. CGDV

Last updated Jun 5, 2026

MDLV (Morgan Dempsey Large Cap Value ETF) and CGDV (Capital Group Dividend Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past 3 years, MDLV returned 13.07%/yr vs 25.65%/yr for CGDV. A 0.59 correlation means they provide meaningful diversification when combined. MDLV charges 0.58%/yr vs 0.33%/yr for CGDV.

Performance

MDLV vs. CGDV - Performance Comparison

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

Returns By Period

In the year-to-date period, MDLV achieves a 10.95% return, which is significantly lower than CGDV's 12.65% return.

MDLV

• 1D: 0.67%
• 1M: 2.12%
• YTD: 10.95%
• 6M: 11.88%
• 1Y: 21.29%
• 3Y*: 13.07%
• 5Y*: —
• 10Y*: —

CGDV

• 1D: 0.68%
• 1M: 5.08%
• YTD: 12.65%
• 6M: 13.07%
• 1Y: 31.52%
• 3Y*: 25.65%
• 5Y*: —
• 10Y*: —

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

MDLV vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MDLV Morgan Dempsey Large Cap Value ETF	10.95%	13.30%	10.16%	0.68%
CGDV Capital Group Dividend Value ETF	12.65%	25.50%	20.10%	21.09%

Correlation

The correlation between MDLV and CGDV is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023	0.59

The correlation between MDLV and CGDV shifts across timeframes, from 0.49 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

MDLV vs. CGDV - Sectors Allocation Comparison

Sectors	MDLV	CGDV
Utilities	15.2%	2.1%
Industrials	15.0%	13.2%
Financial Services	14.9%	6.8%
Energy	14.4%	3.8%
Technology	9.3%	34.1%
Consumer Defensive	8.2%	5.5%
Healthcare	7.9%	11.5%
Communication Services	6.4%	8.4%
Consumer Cyclical	3.9%	10.6%
Basic Materials	2.6%	2.9%
Real Estate	2.2%	1.1%

Return for Risk

MDLV vs. CGDV — Risk / Return Rank

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

MDLV

MDLV Risk / Return Rank: 80
MDLV Sharpe Ratio Rank: 77
MDLV Sortino Ratio Rank: 81
MDLV Omega Ratio Rank: 72
MDLV Calmar Ratio Rank: 88
MDLV Martin Ratio Rank: 81

CGDV

CGDV Risk / Return Rank: 80
CGDV Sharpe Ratio Rank: 84
CGDV Sortino Ratio Rank: 85
CGDV Omega Ratio Rank: 85
CGDV Calmar Ratio Rank: 66
CGDV Martin Ratio Rank: 80

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.

MDLV vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Dempsey Large Cap Value ETF (MDLV) and Capital Group Dividend Value ETF (CGDV). 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.

	MDLV	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.73	-0.29
Sortino ratio: Return per unit of downside risk	3.56	3.75	-0.19
Omega ratio: Gain probability vs. loss probability	1.42	1.51	-0.09
Calmar ratio: Return relative to maximum drawdown	5.01	3.25	+1.77
Martin ratio: Return relative to average drawdown	15.75	15.36	+0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDLV vs. CGDV - Sharpe Ratio Comparison

The current MDLV Sharpe Ratio is 2.44, which is comparable to the CGDV Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of MDLV and CGDV, 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

	MDLV	CGDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	2.73	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	1.25	-0.17

Drawdowns

MDLV vs. CGDV - Drawdown Comparison

The maximum MDLV drawdown since its inception was -10.71%, smaller than the maximum CGDV drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for MDLV and CGDV.

Drawdown Indicators

	MDLV	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-10.71%	-21.82%	+11.11%
Max Drawdown (1Y) Largest decline over 1 year	-4.27%	-9.75%	+5.48%
Max Drawdown (3Y) Largest decline over 3 years	-10.71%	-14.28%	+3.57%
Current Drawdown Current decline from peak	-0.42%	0.00%	-0.42%
Average Drawdown Average peak-to-trough decline	-2.29%	-3.61%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	2.06%	-0.70%

Volatility

MDLV vs. CGDV - Volatility Comparison

The current volatility for Morgan Dempsey Large Cap Value ETF (MDLV) is 2.83%, while Capital Group Dividend Value ETF (CGDV) has a volatility of 3.08%. This indicates that MDLV experiences smaller price fluctuations and is considered to be less risky than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDLV	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	3.08%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	6.58%	9.15%	-2.57%
Volatility (1Y) Calculated over the trailing 1-year period	8.77%	11.58%	-2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.51%	15.48%	-4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.51%	15.48%	-4.97%

MDLV vs. CGDV - Expense Ratio Comparison

MDLV has a 0.58% expense ratio, which is higher than CGDV's 0.33% expense ratio.

Dividends

MDLV vs. CGDV - Dividend Comparison

MDLV's dividend yield for the trailing twelve months is around 2.78%, more than CGDV's 1.16% yield.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.16%	1.29%	1.60%	1.65%	1.36%
MDLV Morgan Dempsey Large Cap Value ETF	2.78%	3.00%	2.78%	2.35%	0.00%

Frequently Asked Questions

Can I hold both MDLV and CGDV in my portfolio?

MDLV and CGDV have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDLV or CGDV?

CGDV has higher volatility (3.08%) compared to MDLV (2.83%). In terms of maximum drawdown, MDLV dropped -10.71% vs CGDV's -21.82%.

Which ETF is better, MDLV or CGDV?

On 3-year performance, CGDV leads with 25.65% vs 13.07% for MDLV. On fees, CGDV is cheaper at 0.33% per year. On volatility, MDLV has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MDLV or CGDV?

Over the 3-year period, CGDV has performed better with a 25.65% return vs 13.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MDLV or CGDV?

CGDV is cheaper with a 0.33% expense ratio, compared with 0.58% for MDLV.

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

MDLV has the higher dividend yield at 2.78%, compared with 1.16% for CGDV.

What is the main difference between MDLV and CGDV?

They also come from different issuers: Morgan Dempsey and Capital Group. Their fees differ too: 0.58% for MDLV and 0.33% for CGDV.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.73 vs 2.44), 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.