MDLV vs SPY
Morgan Dempsey Large Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MDLV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. MDLV is less concentrated, with 34.5% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MDLV | SPY |
|---|---|---|
| Expense Ratio | 0.58% | 0.09%Best |
| AUM | $48M | $811.2B |
| Dividend Yield | 2.67% | 0.98% |
| Holdings | 78 | 1,515 |
| YTD Return | +5.11% | +12.70%Best |
| 1Y Return | +7.18% | +15.53%Best |
| 3Y Return (annualized) | +11.99% | +22.86%Best |
| 5Y Return (annualized) | - | +13.47% |
| Volatility (annualized) | 10.7%Best | 12.5% |
| Max Drawdown | -16.6%Best | -18.8% |
| $10,000 over 3.4 years | $12,187 | $19,602Best |
| Top 10 Weight | 34.5%Best | 38.2% |
| Fund Family | Morgan Dempsey | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Apr 26, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Apr 26, 2023 to Oct 1, 2026 (3.4 years).
MDLV vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
MDLV vs SPY Performance
Morgan Dempsey Large Cap Value ETF (MDLV) is an ETF from Morgan Dempsey and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MDLV returned +7.18% while SPY returned +15.53%. Year to date, MDLV is up 5.11% versus a gain of 12.70% for SPY.
Over three years, MDLV compounded at +11.99% per year against +22.86% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.5% compared with 10.7% for MDLV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.6% for MDLV and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MDLV charges 0.58% per year while SPY charges 0.09%. On a $10,000 position that is $58 vs $9 annually, a gap of $49 per year that compounds over a long holding period. On income, MDLV currently yields 2.67% against 0.98% for SPY.
Holdings Overlap
83.8% of MDLV's money is in holdings SPY also owns. 9.6% of SPY's money is in holdings MDLV also owns.
Most of MDLV is already inside SPY. Owning both mostly buys the same companies twice.
32 positions in common, counted across the 38 positions we hold weights for in MDLV and 504 in SPY, against full books of 78 and 1,515.
What only one of them owns
Our book lists 465 positions for SPY that do not appear in our book for MDLV (89.7% of the fund), and 4 for MDLV that do not appear in SPY (12.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in MDLV | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 4.33% | 1.04% | 3.29% |
| JNJJohnson & Johnson - Common | 3.31% | 0.98% | 2.33% |
| CCitigroup Inc. | 3.74% | 0.35% | 3.39% |
| CVXChevron Corp | 3.48% | 0.60% | 2.88% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.93% | 0.66% | 2.27% |
| KOCoca Cola Co. | 3.04% | 0.52% | 2.52% |
| ETREntergy Corp. | 3.41% | 0.07% | 3.34% |
| TAT&T Inc | 3.18% | 0.28% | 2.90% |
| MRKMerck & Company Inc | 2.76% | 0.54% | 2.22% |
| WFCWells Fargo & Co. | 2.87% | 0.41% | 2.46% |
83.8% of MDLV is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MDLV or SPY?
MDLV has an expense ratio of 0.58% while SPY charges 0.09%. SPY is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, MDLV or SPY?
Over the past year MDLV returned +7.18% vs +15.53% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MDLV or SPY?
SPY has been the more volatile fund at 12.5% annualized versus 10.7% for MDLV. Worst drawdown: MDLV -16.6% vs SPY -18.8%.
Should I hold both MDLV and SPY?
MDLV and SPY have a monthly-return correlation of 0.42, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MDLV and SPY?
83.8% of MDLV's money is in holdings SPY also owns. 9.6% of SPY's is in holdings MDLV also owns. They hold 32 positions in common, counted across the 38 positions we hold weights for in MDLV and 504 in SPY.
Which pays a higher dividend, MDLV or SPY?
MDLV yields 2.67% while SPY yields 0.98%, so MDLV currently pays the higher dividend yield.
Is SPY better than MDLV?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. MDLV is less concentrated, with 34.5% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.