MPV vs. TDIV

Last updated Jul 11, 2026

MPV (Barings Participation Investors) is a stock, while TDIV (First Trust NASDAQ Technology Dividend Index Fund) is Technology Equities fund tracking the NASDAQ Technology Dividend Index. Over the past 10 years, MPV returned 8.69%/yr vs 17.74%/yr for TDIV. At a 0.11 correlation, their price movements are largely independent.

Performance

MPV vs. TDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barings Participation Investors (MPV) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPV achieves a 2.55% return, which is significantly lower than TDIV's 19.14% return. Over the past 10 years, MPV has underperformed TDIV with an annualized return of 8.69%, while TDIV has yielded a comparatively higher 17.74% annualized return.

MPV

• 1D: -1.79%
• 1M: -8.18%
• 6M: -12.11%
• YTD: 2.55%
• 1Y: -12.09%
• 3Y*: 16.97%
• 5Y*: 11.86%
• 10Y*: 8.69%

TDIV

• 1D: -0.01%
• 1M: -1.68%
• 6M: 15.59%
• YTD: 19.14%
• 1Y: 26.95%
• 3Y*: 27.29%
• 5Y*: 16.85%
• 10Y*: 17.74%

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

MPV vs. TDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPV Barings Participation Investors	2.55%	0.74%	20.52%	39.14%	-10.73%	31.93%	-21.01%	14.57%	14.84%	7.04%
TDIV First Trust NASDAQ Technology Dividend Index Fund	19.14%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%

Correlation

The correlation between MPV and TDIV is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Aug 14, 2012	0.11

Return for Risk

MPV vs. TDIV — Risk / Return Rank

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

MPV

MPV Risk / Return Rank: 22
MPV Sharpe Ratio Rank: 25
MPV Sortino Ratio Rank: 23
MPV Omega Ratio Rank: 23
MPV Calmar Ratio Rank: 25
MPV Martin Ratio Rank: 12

TDIV

TDIV Risk / Return Rank: 45
TDIV Sharpe Ratio Rank: 47
TDIV Sortino Ratio Rank: 44
TDIV Omega Ratio Rank: 43
TDIV Calmar Ratio Rank: 50
TDIV Martin Ratio Rank: 43

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. TDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barings Participation Investors (MPV) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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.

	MPV	TDIV	Difference
Sharpe ratio: Return per unit of total volatility	-0.43	1.31	-1.74
Sortino ratio: Return per unit of downside risk	-0.46	1.82	-2.29
Omega ratio: Gain probability vs. loss probability	0.94	1.23	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.55	2.03	-2.58
Martin ratio: Return relative to average drawdown	-1.31	5.62	-6.93

MPV vs. TDIV - Sharpe Ratio Comparison

The current MPV Sharpe Ratio is -0.43, which is lower than the TDIV Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of MPV and TDIV, 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

MPV vs. TDIV - Drawdown Comparison

The maximum MPV drawdown since its inception was -54.02%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for MPV and TDIV.

Drawdown Indicators

	MPV	TDIV	Difference
Max Drawdown Largest peak-to-trough decline	-54.02%	-31.97%	-22.05%
Max Drawdown (1Y) Largest decline over 1 year	-19.76%	-13.01%	-6.75%
Max Drawdown (3Y) Largest decline over 3 years	-19.76%	-23.00%	+3.24%
Max Drawdown (5Y) Largest decline over 5 years	-22.63%	-31.97%	+9.34%
Max Drawdown (10Y) Largest decline over 10 years	-54.02%	-31.97%	-22.05%
Current Drawdown Current decline from peak	-17.72%	-10.39%	-7.33%
Average Drawdown Average peak-to-trough decline	-7.76%	-4.87%	-2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.24%	4.69%	+3.55%

Volatility

MPV vs. TDIV - Volatility Comparison

Barings Participation Investors (MPV) and First Trust NASDAQ Technology Dividend Index Fund (TDIV) have volatilities of 7.17% and 6.90%, 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

	MPV	TDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.17%	6.90%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	17.42%	15.98%	+1.44%
Volatility (1Y) Calculated over the trailing 1-year period	24.97%	20.17%	+4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.26%	21.03%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.88%	20.95%	+4.93%

Dividends

MPV vs. TDIV - Dividend Comparison

MPV's dividend yield for the trailing twelve months is around 9.28%, more than TDIV's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPV Barings Participation Investors	9.28%	9.31%	9.19%	8.27%	6.98%	5.41%	6.73%	6.70%	7.18%	7.66%	7.61%	7.86%
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.32%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%

Frequently Asked Questions

Can I hold both MPV and TDIV in my portfolio?

MPV and TDIV have a correlation of 0.20, 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 TDIV?

MPV has higher volatility (7.17%) compared to TDIV (6.90%). In terms of maximum drawdown, MPV dropped -54.02% vs TDIV's -31.97%.

Which has better risk-adjusted returns?

TDIV currently has the higher Sharpe Ratio (1.31 vs -0.43), 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.