MPV vs. ADX

Last updated Jun 4, 2026

MPV (Barings Participation Investors) is a stock, while ADX (Adams Diversified Equity Fund, Inc.) is Large Cap Growth Equities fund managed by Adams Funds. Over the past 10 years, MPV returned 9.65%/yr vs 18.25%/yr for ADX. At a 0.09 correlation, their price movements are largely independent.

Performance

MPV vs. ADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barings Participation Investors (MPV) and Adams Diversified Equity Fund, Inc. (ADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPV achieves a 7.24% return, which is significantly lower than ADX's 13.47% return. Over the past 10 years, MPV has underperformed ADX with an annualized return of 9.65%, while ADX has yielded a comparatively higher 18.25% annualized return.

MPV

• 1D: -1.54%
• 1M: -0.87%
• YTD: 7.24%
• 6M: -11.24%
• 1Y: 3.39%
• 3Y*: 20.67%
• 5Y*: 12.83%
• 10Y*: 9.65%

ADX

• 1D: -0.74%
• 1M: 6.45%
• YTD: 13.47%
• 6M: 14.75%
• 1Y: 34.07%
• 3Y*: 29.23%
• 5Y*: 17.26%
• 10Y*: 18.25%

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

MPV vs. ADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPV Barings Participation Investors	7.24%	0.74%	20.52%	39.14%	-10.73%	31.93%	-21.01%	14.57%	14.84%	7.04%
ADX Adams Diversified Equity Fund, Inc.	13.47%	26.03%	28.31%	31.49%	-19.82%	29.69%	17.28%	36.75%	-3.58%	29.61%

Correlation

The correlation between MPV and ADX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jul 3, 1989	0.09

Return for Risk

MPV vs. ADX — Risk / Return Rank

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

MPV

MPV Risk / Return Rank: 43
MPV Sharpe Ratio Rank: 45
MPV Sortino Ratio Rank: 39
MPV Omega Ratio Rank: 38
MPV Calmar Ratio Rank: 44
MPV Martin Ratio Rank: 46

ADX

ADX Risk / Return Rank: 73
ADX Sharpe Ratio Rank: 73
ADX Sortino Ratio Rank: 70
ADX Omega Ratio Rank: 59
ADX Calmar Ratio Rank: 74
ADX Martin Ratio Rank: 90

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.

MPV vs. ADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barings Participation Investors (MPV) and Adams Diversified Equity Fund, Inc. (ADX). 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.

	MPV	ADX	Difference
Sharpe ratio: Return per unit of total volatility	0.13	2.48	-2.35
Sortino ratio: Return per unit of downside risk	0.37	3.48	-3.11
Omega ratio: Gain probability vs. loss probability	1.05	1.43	-0.38
Calmar ratio: Return relative to maximum drawdown	0.17	3.37	-3.20
Martin ratio: Return relative to average drawdown	0.47	17.93	-17.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MPV vs. ADX - Sharpe Ratio Comparison

The current MPV Sharpe Ratio is 0.13, which is lower than the ADX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of MPV and ADX, 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

	MPV	ADX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	2.48	-2.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	1.00	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	1.02	-0.64
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.10	+0.27

Drawdowns

MPV vs. ADX - Drawdown Comparison

The maximum MPV drawdown since its inception was -54.02%, smaller than the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for MPV and ADX.

Drawdown Indicators

	MPV	ADX	Difference
Max Drawdown Largest peak-to-trough decline	-54.02%	-71.60%	+17.58%
Max Drawdown (1Y) Largest decline over 1 year	-19.76%	-10.16%	-9.60%
Max Drawdown (3Y) Largest decline over 3 years	-19.76%	-18.29%	-1.47%
Max Drawdown (5Y) Largest decline over 5 years	-22.63%	-25.07%	+2.44%
Max Drawdown (10Y) Largest decline over 10 years	-54.02%	-37.17%	-16.85%
Current Drawdown Current decline from peak	-13.96%	-0.74%	-13.22%
Average Drawdown Average peak-to-trough decline	-7.75%	-23.13%	+15.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.20%	1.91%	+5.29%

Volatility

MPV vs. ADX - Volatility Comparison

Barings Participation Investors (MPV) has a higher volatility of 5.57% compared to Adams Diversified Equity Fund, Inc. (ADX) at 3.68%. This indicates that MPV's price experiences larger fluctuations and is considered to be riskier than ADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPV	ADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	3.68%	+1.89%
Volatility (6M) Calculated over the trailing 6-month period	20.13%	10.70%	+9.43%
Volatility (1Y) Calculated over the trailing 1-year period	25.58%	13.81%	+11.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	17.30%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.81%	18.02%	+7.79%

Dividends

MPV vs. ADX - Dividend Comparison

MPV's dividend yield for the trailing twelve months is around 8.87%, more than ADX's 7.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADX Adams Diversified Equity Fund, Inc.	7.35%	7.93%	12.38%	7.34%	7.36%	15.35%	6.54%	9.00%	15.85%	9.18%	7.79%	7.17%
MPV Barings Participation Investors	8.87%	9.31%	9.19%	8.27%	6.98%	5.41%	6.73%	6.70%	7.18%	7.66%	7.61%	7.86%

Frequently Asked Questions

Can I hold both MPV and ADX in my portfolio?

MPV and ADX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPV or ADX?

MPV has higher volatility (5.57%) compared to ADX (3.68%). In terms of maximum drawdown, MPV dropped -54.02% vs ADX's -71.60%.

Which has better risk-adjusted returns?

ADX currently has the higher Sharpe Ratio (2.48 vs 0.13), 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.