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MDLV vs. ILCV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MDLV vs. ILCV

Last updated Aug 5, 2026
Documentation

MDLV (Morgan Dempsey Large Cap Value ETF) and ILCV (iShares Morningstar Value ETF) are both Large Cap Value Equities funds. MDLV is actively managed, while ILCV is passively managed. Over the past 3 years, MDLV returned 13.22%/yr vs 18.92%/yr for ILCV. Their 0.75 correlation means they have sometimes moved together and sometimes differently. MDLV charges 0.58%/yr vs 0.04%/yr for ILCV.

Performance

MDLV vs. ILCV - Performance Comparison

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

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Returns By Period

In the year-to-date period, MDLV achieves a 12.94% return, which is significantly lower than ILCV's 14.77% return.

MDLV

1D
0.52%
1M
1.37%
6M
5.08%
YTD
12.94%
1Y
20.11%
3Y*
13.22%
5Y*
—
10Y*
—
ALL TIME*
11.01%

ILCV

1D
0.97%
1M
4.16%
6M
11.61%
YTD
14.77%
1Y
30.73%
3Y*
18.92%
5Y*
12.84%
10Y*
11.97%
ALL TIME*
8.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ILCV

iShares Morningstar Value ETF
$1.94M$2.28M$2.56M

MDLV

Morgan Dempsey Large Cap Value ETF
$186.05K$163.82K$192.99K

MDLV vs. ILCV - Yearly Performance Comparison

2026 (YTD)202520242023
MDLV
Morgan Dempsey Large Cap Value ETF		12.94%13.30%10.16%-0.14%
ILCV
iShares Morningstar Value ETF		14.77%18.79%17.03%12.42%

Correlation

The correlation between MDLV and ILCV is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.61

Correlation (3Y)
Balances recent behavior with more history.

0.74

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

0.75

The correlation between MDLV and ILCV shifts across timeframes, from 0.61 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

MDLV vs. ILCV - Sectors Allocation Comparison

Sectors
MDLV
ILCV

Financial Services

15.4%
18.3%

Utilities

15.3%
3.4%

Industrials

15.1%
6.8%

Energy

13.6%
5.5%

Technology

9.6%
22.6%

Healthcare

8.6%
12.6%

Consumer Defensive

8.3%
7.3%

Communication Services

5.5%
9.9%

Consumer Cyclical

4.4%
9.6%

Basic Materials

2.4%
2.1%

Real Estate

1.9%
1.9%

Financial Services

MDLV
15.4%
ILCV
18.3%

Utilities

MDLV
15.3%
ILCV
3.4%

Industrials

MDLV
15.1%
ILCV
6.8%

Energy

MDLV
13.6%
ILCV
5.5%

Technology

MDLV
9.6%
ILCV
22.6%

Healthcare

MDLV
8.6%
ILCV
12.6%

Consumer Defensive

MDLV
8.3%
ILCV
7.3%

Communication Services

MDLV
5.5%
ILCV
9.9%

Consumer Cyclical

MDLV
4.4%
ILCV
9.6%

Basic Materials

MDLV
2.4%
ILCV
2.1%

Real Estate

MDLV
1.9%
ILCV
1.9%

Compare stocks, funds, or ETFs

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

Morgan Dempsey Large Cap Value ETF

iShares Morningstar Value ETF

Often compared with MDLV:
MDLV vs. HDVMDLV vs. ELCVMDLV vs. DVALMDLV vs. EQINMDLV vs. VMAXMDLV vs. JHDVMDLV vs. SPLV
Often compared with ILCV:
ILCV vs. VTVILCV vs. AVLVILCV vs. FIOOXILCV vs. SCHDILCV vs. HDVILCV vs. MGVILCV vs. SPY

Return for Risk

MDLV vs. ILCV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
MDLV
MDLV Risk / Return Rank: 8787
Overall Rank
MDLV Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
MDLV Sortino Ratio Rank: 8787
Sortino Ratio Rank
MDLV Omega Ratio Rank: 8181
Omega Ratio Rank
MDLV Calmar Ratio Rank: 9393
Calmar Ratio Rank
MDLV Martin Ratio Rank: 8888
Martin Ratio Rank
ILCV
ILCV Risk / Return Rank: 9494
Overall Rank
ILCV Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
ILCV Sortino Ratio Rank: 9595
Sortino Ratio Rank
ILCV Omega Ratio Rank: 9595
Omega Ratio Rank
ILCV Calmar Ratio Rank: 9393
Calmar Ratio Rank
ILCV Martin Ratio Rank: 9494
Martin Ratio Rank
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.

MDLV vs. ILCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Dempsey Large Cap Value ETF (MDLV) and iShares Morningstar Value ETF (ILCV). 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.

MDLVILCVDifference
Sharpe ratioReturn per unit of total volatility
2.22
3.09

-0.88

Sortino ratioReturn per unit of downside risk
3.22
4.35

-1.13

Omega ratioGain probability vs. loss probability

1.38

1.57

-0.19

Calmar ratioReturn relative to maximum drawdown

4.74

4.71

+0.02

Martin ratioReturn relative to average drawdown

14.86

19.73

-4.86

MDLV vs. ILCV - Sharpe Ratio Comparison

The current MDLV Sharpe Ratio is 2.22, which is comparable to the ILCV Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of MDLV and ILCV, 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

MDLV vs. ILCV - Drawdown Comparison

The maximum MDLV drawdown since its inception was -10.71%, smaller than the maximum ILCV drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for MDLV and ILCV.

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Drawdown Indicators

MDLVILCVDifference

Max Drawdown

Largest peak-to-trough decline

-10.71%

-58.63%

+47.92%

Max Drawdown (1Y)

Largest decline over 1 year

-4.27%

-6.55%

+2.28%

Max Drawdown (3Y)

Largest decline over 3 years

-10.71%

-14.95%

+4.24%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.58%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.53%

—

Current Drawdown

Current decline from peak

-0.82%

0.00%

-0.82%

Average Drawdown

Average peak-to-trough decline

-2.23%

-9.25%

+7.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.36%

1.56%

-0.20%

Volatility

MDLV vs. ILCV - Volatility Comparison

Morgan Dempsey Large Cap Value ETF (MDLV) and iShares Morningstar Value ETF (ILCV) have volatilities of 3.17% and 3.04%, 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.

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Volatility by Period

MDLVILCVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.17%

3.04%

+0.13%

Volatility (6M)

Calculated over the trailing 6-month period

6.95%

7.43%

-0.48%

Volatility (1Y)

Calculated over the trailing 1-year period

9.12%

10.01%

-0.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.51%

14.17%

-3.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.51%

16.64%

-6.13%

MDLV vs. ILCV - Expense Ratio Comparison

MDLV has a 0.58% expense ratio, which is higher than ILCV's 0.04% expense ratio.

Dividends

MDLV vs. ILCV - Dividend Comparison

MDLV's dividend yield for the trailing twelve months is around 2.69%, more than ILCV's 1.52% yield.

PositionTTM20252024202320222021202020192018201720162015
ILCV
iShares Morningstar Value ETF		1.52%1.77%1.99%2.27%2.32%2.01%2.96%2.70%2.93%2.32%2.76%3.01%
MDLV
Morgan Dempsey Large Cap Value ETF		2.69%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

MDLV and ILCV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MDLV has higher volatility (3.17%) compared to ILCV (3.04%). In terms of maximum drawdown, MDLV dropped -10.71% vs ILCV's -58.63%.

On 3-year performance, ILCV leads with 18.92% vs 13.22% for MDLV. On fees, ILCV is cheaper at 0.04% per year. On volatility, ILCV has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, ILCV has performed better with a 18.92% return vs 13.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ILCV is cheaper with a 0.04% expense ratio, compared with 0.58% for MDLV.

MDLV has the higher dividend yield at 2.69%, compared with 1.52% for ILCV.

They also come from different issuers: Morgan Dempsey and iShares. Their fees differ too: 0.58% for MDLV and 0.04% for ILCV.

ILCV currently has the higher Sharpe Ratio (3.09 vs 2.22), 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.

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