MPV vs BCV

Comparison between Barings Participation Investors (MPV, ETF) and Bancroft Fund Ltd (BCV, ETF).

5-Year PerformanceMPV has outperformed BCV, delivering a return of +13.9% compared to +4.3%

MPV vs BCV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MPV(ETF)	BCV(ETF)
Net Assets	$161M	$161M
Max Drawdown	58.06%	62.21%
Sharpe Ratio	0.10	1.82
5Y Beta	0.17	0.62
5Y Dividends CAGR	18.25%	-12.02%

Net Assets

MPV

$161M

Winner

BCV

$161M

Max Drawdown

Winner

MPV

58.06%

BCV

62.21%

Sharpe Ratio

MPV

0.10

Winner

BCV

1.82

5Y Beta

Winner

MPV

0.17

BCV

0.62

5Y Dividends CAGR

Winner

MPV

18.25%

BCV

-12.02%

MPV vs BCV - Historical Returns

Returns include dividend reinvestment.

Period	MPV	BCV
1 month	+4.82%	+2.16%
3 months	-5.25%	+14.61%
6 months	-8.05%	+15.36%
1 year	-1.27%	+46.18%
5 years(CAGR)	+13.90%	+4.31%
10 years(CAGR)	+9.85%	+12.22%
Max(CAGR)	+10.48%	+8.39%

Winner

MPV

+4.82%

BCV

+2.16%

MPV

-5.25%

Winner

BCV

+14.61%

MPV

-8.05%

Winner

BCV

+15.36%

MPV

-1.27%

Winner

BCV

+46.18%

5Y(CAGR)

Winner

MPV

+13.90%

BCV

+4.31%

10Y(CAGR)

MPV

+9.85%

Winner

BCV

+12.22%

Max(CAGR)

Winner

MPV

+10.48%

BCV

+8.39%

MPV vs BCV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MPV	BCV
2026	+6.97%	+17.77%
2025	+0.65%	+33.29%
2024	+23.57%	+21.50%
2023	+38.90%	+5.09%
2022	-8.74%	-33.62%
2021	+32.50%	+1.57%
2020	-20.48%	+29.50%
2019	+13.29%	+48.88%
2018	+12.79%	-4.43%
2017	+7.17%	+12.32%
2016	+12.36%	+20.80%
2015	+12.35%	-0.15%
2014	+11.33%	+11.53%
2013	-2.17%	+15.57%
2012	-3.05%	+10.67%
2011	+22.51%	-8.09%
2010	+24.55%	+16.93%
2009	+42.89%	+42.37%
2008	-22.37%	-38.16%
2007	-4.22%	+14.11%
2006	+17.46%	+15.79%
2005	+13.65%	+0.64%
2004	+24.17%	+5.81%
2003	+37.18%	+7.03%
2002	+10.96%	-8.72%
2001	-8.20%	+15.46%
2000	+20.22%	+13.42%
1999	+1.28%	+6.32%

MPV vs BCV Drawdown Comparison

The maximum drawdown for MPV was -54.02%, occurring on Mar 23, 2020. Recovery took 896 trading sessions.

The maximum drawdown for BCV was -50.83%, occurring on Oct 10, 2008. Recovery took 797 trading sessions.

The current MPV drawdown is -10.32%. The current BCV drawdown is -4.92%.

Rank	MPV	BCV
#1	-54.02% Feb 7, 2020 - Aug 30, 2023	-50.83% Oct 29, 2007 - Dec 28, 2010
#2	-49.97% Mar 9, 2007 - May 13, 2010	-48.78% Feb 12, 2021 - Nov 3, 2025
#3	-21.77% Aug 28, 2001 - May 16, 2003	-42.22% Feb 12, 2020 - Aug 3, 2020
#4	-21.21% Nov 19, 1999 - Aug 21, 2000	-23.28% Aug 29, 2001 - Feb 3, 2006
#5	-19.70% Nov 26, 2025 - Dec 31, 2025	-21.05% Jun 26, 2015 - Jul 22, 2016
#6	-16.94% Aug 18, 2005 - Feb 16, 2006	-20.04% May 2, 2011 - Jan 9, 2013
#7	-16.94% Sep 20, 2012 - Aug 15, 2014	-18.15% Sep 26, 2018 - Feb 6, 2019
#8	-15.21% Feb 9, 2005 - May 27, 2005	-13.39% Jul 16, 2007 - Oct 1, 2007
#9	-13.78% Feb 20, 2025 - May 27, 2025	-12.27% Feb 7, 2001 - May 14, 2001
#10	-13.28% Jan 20, 2012 - Sep 19, 2012	-11.76% Jan 28, 2026 - Apr 27, 2026
#11	-12.19% Sep 12, 2016 - Sep 26, 2017	-10.81% Sep 7, 2000 - Jan 25, 2001
#12	-12.14% Aug 1, 2011 - Oct 14, 2011	-10.69% Sep 5, 2014 - Feb 12, 2015
#13	-10.76% Mar 9, 2011 - Jul 8, 2011	-10.57% Nov 3, 2025 - Jan 15, 2026
#14	-10.70% Jan 16, 2015 - May 18, 2015	-10.46% Jan 26, 2018 - Aug 27, 2018
#15	-10.32% Jul 10, 2024 - Sep 16, 2024	-9.79% Apr 5, 2000 - Jul 7, 2000

Correlation

Correlation between MPV and BCV is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (1999 - 2026)

MPV vs BCV dividend yield comparison.

Year	MPV	BCV
2026	2.13%	1.37%
2025	9.31%	5.93%
2024	9.19%	7.23%
2023	8.27%	8.01%
2022	6.98%	7.81%
2021	5.41%	15.63%
2020	6.73%	10.35%
2019	6.70%	6.59%
2018	7.18%	12.88%
2017	7.66%	5.33%
2016	7.61%	6.27%
2015	7.86%	9.81%
2014	8.16%	2.50%
2013	8.39%	3.01%
2012	7.76%	3.52%
2011	7.76%	3.62%
2010	7.20%	3.94%
2009	8.20%	4.83%
2008	11.05%	7.39%
2007	9.48%	14.53%
2006	8.10%	6.52%
2005	7.19%	4.17%
2004	8.26%	3.65%
2003	8.24%	3.80%
2002	9.15%	4.47%
2001	10.55%	7.08%
2000	9.41%	21.69%
1999	0.00%	15.11%