TDIV vs. MPV

Last updated Jun 4, 2026

TDIV (First Trust NASDAQ Technology Dividend Index Fund) is Technology Equities fund tracking the NASDAQ Technology Dividend Index, while MPV (Barings Participation Investors) is a stock. Over the past 10 years, TDIV returned 19.34%/yr vs 9.65%/yr for MPV. At a 0.10 correlation, their price movements are largely independent.

Performance

TDIV vs. MPV - Performance Comparison

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

Returns By Period

In the year-to-date period, TDIV achieves a 30.57% return, which is significantly higher than MPV's 7.24% return. Over the past 10 years, TDIV has outperformed MPV with an annualized return of 19.34%, while MPV has yielded a comparatively lower 9.65% annualized return.

TDIV

• 1D: -1.79%
• 1M: 15.82%
• YTD: 30.57%
• 6M: 28.79%
• 1Y: 53.63%
• 3Y*: 33.27%
• 5Y*: 19.29%
• 10Y*: 19.34%

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%

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

TDIV vs. MPV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TDIV First Trust NASDAQ Technology Dividend Index Fund	30.57%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%
MPV Barings Participation Investors	7.24%	0.74%	20.52%	39.14%	-10.73%	31.93%	-21.01%	14.57%	14.84%	7.04%

Correlation

The correlation between TDIV and MPV 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	0.12
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 Aug 15, 2012	0.10

Return for Risk

TDIV vs. MPV — Risk / Return Rank

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

TDIV

TDIV Risk / Return Rank: 83
TDIV Sharpe Ratio Rank: 86
TDIV Sortino Ratio Rank: 84
TDIV Omega Ratio Rank: 80
TDIV Calmar Ratio Rank: 87
TDIV Martin Ratio Rank: 79

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

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.

TDIV vs. MPV - Risk-Adjusted Trends Comparison

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

	TDIV	MPV	Difference
Sharpe ratio: Return per unit of total volatility	2.93	0.13	+2.79
Sortino ratio: Return per unit of downside risk	3.85	0.37	+3.47
Omega ratio: Gain probability vs. loss probability	1.49	1.05	+0.44
Calmar ratio: Return relative to maximum drawdown	5.02	0.17	+4.84
Martin ratio: Return relative to average drawdown	15.64	0.47	+15.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDIV vs. MPV - Sharpe Ratio Comparison

The current TDIV Sharpe Ratio is 2.93, which is higher than the MPV Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of TDIV and MPV, 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

	TDIV	MPV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.93	0.13	+2.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.61	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	0.38	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.37	+0.51

Drawdowns

TDIV vs. MPV - Drawdown Comparison

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

Drawdown Indicators

	TDIV	MPV	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-54.02%	+22.05%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-19.76%	+9.02%
Max Drawdown (3Y) Largest decline over 3 years	-23.00%	-19.76%	-3.24%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-22.63%	-9.34%
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	-54.02%	+22.05%
Current Drawdown Current decline from peak	-1.79%	-13.96%	+12.17%
Average Drawdown Average peak-to-trough decline	-4.84%	-7.75%	+2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	7.20%	-3.76%

Volatility

TDIV vs. MPV - Volatility Comparison

First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a higher volatility of 6.86% compared to Barings Participation Investors (MPV) at 5.57%. This indicates that TDIV's price experiences larger fluctuations and is considered to be riskier than MPV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDIV	MPV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	5.57%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	20.13%	-6.22%
Volatility (1Y) Calculated over the trailing 1-year period	18.47%	25.58%	-7.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.67%	21.06%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.85%	25.81%	-4.96%

Dividends

TDIV vs. MPV - Dividend Comparison

TDIV's dividend yield for the trailing twelve months is around 1.12%, less than MPV's 8.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.12%	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 TDIV and MPV in my portfolio?

TDIV and MPV 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, TDIV or MPV?

TDIV has higher volatility (6.86%) compared to MPV (5.57%). In terms of maximum drawdown, TDIV dropped -31.97% vs MPV's -54.02%.

Which has better risk-adjusted returns?

TDIV currently has the higher Sharpe Ratio (2.93 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.