MPV vs. USA
MPV (Barings Participation Investors) and USA (Liberty All-Star Equity Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, MPV returned 9.59%/yr vs 12.30%/yr for USA. At a 0.09 correlation, their price movements are largely independent.
Performance
MPV vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, MPV achieves a 10.71% return, which is significantly higher than USA's -3.80% return. Over the past 10 years, MPV has underperformed USA with an annualized return of 9.59%, while USA has yielded a comparatively higher 12.30% annualized return.
MPV
- 1D
- -0.75%
- 1M
- 3.85%
- YTD
- 10.71%
- 6M
- -3.38%
- 1Y
- -3.02%
- 3Y*
- 20.03%
- 5Y*
- 13.91%
- 10Y*
- 9.59%
USA
- 1D
- -1.38%
- 1M
- -1.55%
- YTD
- -3.80%
- 6M
- -3.34%
- 1Y
- -2.47%
- 3Y*
- 7.46%
- 5Y*
- 1.42%
- 10Y*
- 12.30%
MPV vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPV Barings Participation Investors | 10.71% | 0.74% | 20.52% | 39.14% | -10.73% | 31.93% | -21.01% | 14.57% | 14.84% | 7.04% |
USA Liberty All-Star Equity Fund | -3.80% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between MPV and USA is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1989 | 0.09 |
Fundamentals
MPV:
$185.18M
USA:
$1.72B
MPV:
$2.84
USA:
$1.42
MPV:
6.07
USA:
4.03
MPV:
4.85
USA:
4.79
MPV:
1.13
USA:
0.84
MPV:
$38.16M
USA:
$355.74M
MPV:
$38.32M
USA:
$329.90M
MPV:
$0.00
USA:
$305.11M
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Return for Risk
MPV vs. USA — Risk / Return Rank
MPV
USA
MPV vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings Participation Investors (MPV) and Liberty All-Star Equity Fund (USA). 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 | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.98 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.16 | +0.01 |
| Martin ratioReturn relative to average drawdown | -0.39 | -0.38 | -0.01 |
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Drawdowns
MPV vs. USA - Drawdown Comparison
The maximum MPV drawdown since its inception was -54.02%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for MPV and USA.
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Drawdown Indicators
| MPV | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | -69.15% | +15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -19.76% | -15.28% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.76% | -17.69% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -34.05% | +11.42% |
Max Drawdown (10Y)Largest decline over 10 years | -54.02% | -47.07% | -6.95% |
Current DrawdownCurrent decline from peak | -11.17% | -8.97% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -11.51% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 6.50% | +1.22% |
Volatility
MPV vs. USA - Volatility Comparison
Barings Participation Investors (MPV) has a higher volatility of 6.02% compared to Liberty All-Star Equity Fund (USA) at 4.42%. This indicates that MPV's price experiences larger fluctuations and is considered to be riskier than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPV | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 4.42% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 19.56% | 10.75% | +8.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.18% | 13.92% | +11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.18% | 20.30% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.85% | 22.59% | +3.26% |
Dividends
MPV vs. USA - Dividend Comparison
MPV's dividend yield for the trailing twelve months is around 8.59%, less than USA's 11.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPV Barings Participation Investors | 8.59% | 9.31% | 9.19% | 8.27% | 6.98% | 5.41% | 6.73% | 6.70% | 7.18% | 7.66% | 7.61% | 7.86% |
USA Liberty All-Star Equity Fund | 11.89% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Financials
MPV vs. USA - Financials Comparison
This section allows you to compare key financial metrics between Barings Participation Investors and Liberty All-Star Equity Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
MPV and USA have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPV has higher volatility (6.02%) compared to USA (4.42%). In terms of maximum drawdown, MPV dropped -54.02% vs USA's -69.15%.
MPV currently has the higher Sharpe Ratio (-0.12 vs -0.18), 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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