Morgan Dempsey Large Cap Value ETF (MDLV) Performance
MDLV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.6% since Dec 31, 2025
- 1 year
- +17.0% total return
- 3 years
- +15.7% a year
- Since first price
- +10.7% a year since 2023
MDLV trailing returns vs SPY, QQQ, AGG
| Period | MDLV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.8% | +3.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.9% | +0.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.3% | +4.1% | +7.8% | +8.4% | −1.5% |
| YTD | +13.6% | +11.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.0% | +13.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +54.7%+15.7%/yr | +41.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionApr 26, 2023 | +42.7%+10.7%/yr | +28.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MDLV vs SPY
From Apr 26, 2023: MDLV grew to $14,273, SPY to $19,629.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MDLV returns by calendar year
2 of 2 full years positive. Best 2025 (+13.3%), worst 2024 (+10.2%). 2026 is year to date.
MDLV annual returns table
| Year | MDLV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.6% | −6.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.3% | −10.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.2% | −7.2% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MDLV largest drawdowns
Now 1.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 28, 2025 | −10.7% | Apr 8, 2025 | Jul 3, 2025 | 39 days | 4 months |
| Apr 28, 2023 | −10.1% | Oct 27, 2023 | Jan 2, 2024 | 6 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MDLV risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +12.6% | +8.8% |
| Volatility (annualized) | 9.7% | 10.3% |
| Sharpe ratio | 0.83 | 0.44 |
| Sortino ratio | 1.30 | 0.63 |
| Best month | +6.0% | +6.0% |
| Worst month | −5.7% | −6.6% |
| Best 12 months | +24.1% | +24.1% |
| Worst 12 months | +5.5% | +3.2% |
| Positive months | 72% | 68% |
| Beta vs S&P 500 | 0.36 | — |
| Correlation with S&P 500 | 0.47 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MDLV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 31 | +3.2% | +12.1% | +24.1% | 100% |
| 3-year (a year) | 7 | +10.7% | +12.6% | +15.4% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
MDLV performance overview
Morgan Dempsey Large Cap Value ETF (MDLV) returned +17.0% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +10.7% a year, turning $10,000 into about $14,273. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −10.7%, from Feb 28, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 10.3% a year.
Related: MDLV chart, MDLV holdings, MDLV dividends, MDLV valuation. See the MDLV overview for the latest quote and fund facts.
MDLV performance FAQ
What is the MDLV return over the past year?
MDLV returned +17.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.8%.
How much would $10,000 invested in MDLV be worth?
$10,000 invested in MDLV at its first recorded close on April 26, 2023 would be worth about $14,273 on October 23, 2026 with distributions reinvested.
What was the worst year for MDLV?
The worst calendar year was 2024, with a total return of +10.2%. The best was 2025 at +13.3%.
What is the biggest drawdown of MDLV?
The largest peak-to-trough decline was −10.7% between February 28, 2025 and April 8, 2025. It recovered to the old high on July 3, 2025, 3 months after the bottom.
How volatile is MDLV?
Over the past 3 years MDLV had an annualized volatility of 9.7% and a Sharpe ratio of 0.83 (excess return over 1–3 month T-bills per unit of risk).