MPV vs LSAF

Comparison between Barings Participation Investors (MPV, ETF) and LEADERSHARES(R) ALPHAFACTOR(R) US CORE EQUITY ETF (LSAF, ETF).

5-Year PerformanceMPV has outperformed LSAF, delivering a return of +11.6% compared to +10.8%

MPV vs LSAF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MPV(ETF)	LSAF(ETF)
Net Assets	$161M	$161M
Expense Ratio	N/A	0.75%
Max Drawdown	58.06%	41.67%
Sharpe Ratio	-0.59	1.44
5Y Beta	0.18	0.88
P/E Ratio	N/A	22.48
Forward P/E	N/A	14.47
PEG Ratio	N/A	0.44
5Y Dividends CAGR	18.25%	21.97%
5Y EPS CAGR	N/A	13.74%
Debt to Equity	N/A	27.77%
P/S Ratio	N/A	1.20
P/B Ratio	N/A	3.30

Net Assets

MPV

$161M

LSAF

$161M

Expense Ratio

MPV

N/A

LSAF

0.75%

Max Drawdown

MPV

58.06%

Winner

LSAF

41.67%

Sharpe Ratio

MPV

-0.59

Winner

LSAF

1.44

5Y Beta

Winner

MPV

0.18

LSAF

0.88

P/E Ratio

MPV

N/A

LSAF

22.48

Forward P/E

MPV

N/A

LSAF

14.47

PEG Ratio

MPV

N/A

LSAF

0.44

5Y Dividends CAGR

MPV

18.25%

Winner

LSAF

21.97%

5Y EPS CAGR

MPV

N/A

LSAF

13.74%

Debt to Equity

MPV

N/A

LSAF

27.77%

P/S Ratio

MPV

N/A

LSAF

1.20

P/B Ratio

MPV

N/A

LSAF

3.30

MPV vs LSAF - Historical Returns

Returns include dividend reinvestment.

Period	MPV	LSAF
1 month	-9.51%	+3.97%
3 months	-10.41%	+8.34%
6 months	-17.73%	+14.05%
1 year	-11.57%	+26.64%
5 years(CAGR)	+11.61%	+10.84%
10 years(CAGR)	+8.29%	N/A
Max(CAGR)	+9.99%	+10.86%

MPV

-9.51%

Winner

LSAF

+3.97%

MPV

-10.41%

Winner

LSAF

+8.34%

MPV

-17.73%

Winner

LSAF

+14.05%

MPV

-11.57%

Winner

LSAF

+26.64%

5Y(CAGR)

Winner

MPV

+11.61%

LSAF

+10.84%

10Y(CAGR)

MPV

+8.29%

LSAF

N/A

Max(CAGR)

MPV

+9.99%

Winner

LSAF

+10.86%

MPV vs LSAF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MPV	LSAF
2026	-4.04%	+17.08%
2025	+0.65%	+11.70%
2024	+23.57%	+18.47%
2023	+38.90%	+16.95%
2022	-8.74%	-13.02%
2021	+32.50%	+24.05%
2020	-20.48%	+6.59%
2019	+13.29%	+28.51%
2018	+12.79%	-15.47%
2017	+7.17%	N/A
2016	+12.36%	N/A
2015	+12.35%	N/A
2014	+11.33%	N/A
2013	-2.17%	N/A
2012	-3.05%	N/A
2011	+22.51%	N/A
2010	+24.55%	N/A
2009	+42.89%	N/A
2008	-22.37%	N/A
2007	-4.22%	N/A
2006	+17.46%	N/A
2005	+13.65%	N/A
2004	+24.17%	N/A
2003	+37.18%	N/A
2002	+10.96%	N/A
2001	-8.20%	N/A
2000	+20.22%	N/A
1999	+1.28%	N/A

MPV vs LSAF Drawdown Comparison

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

The maximum drawdown for LSAF was -41.67%, occurring on Mar 23, 2020. Recovery took 193 trading sessions.

The current MPV drawdown is -19.55%. The current LSAF drawdown is -1.04%.

Rank	MPV	LSAF
#1	-54.02% Feb 7, 2020 - Aug 30, 2023	-41.67% Feb 12, 2020 - Nov 16, 2020
#2	-49.97% Mar 9, 2007 - May 13, 2010	-24.93% Jan 4, 2022 - Jan 22, 2024
#3	-21.77% Aug 28, 2001 - May 16, 2003	-20.74% Oct 2, 2018 - Jul 1, 2019
#4	-21.21% Nov 19, 1999 - Aug 21, 2000	-20.26% Nov 26, 2024 - Aug 22, 2025
#5	-19.70% Nov 26, 2025 - Dec 31, 2025	-7.65% Jul 16, 2024 - Aug 23, 2024
#6	-16.94% Aug 18, 2005 - Feb 16, 2006	-7.43% Jul 26, 2019 - Oct 25, 2019
#7	-16.94% Sep 20, 2012 - Aug 15, 2014	-6.99% Mar 28, 2024 - Jul 16, 2024
#8	-15.21% Feb 9, 2005 - May 27, 2005	-6.58% Feb 6, 2026 - Apr 13, 2026
#9	-13.78% Feb 20, 2025 - May 27, 2025	-6.43% Aug 30, 2021 - Nov 3, 2021
#10	-13.28% Jan 20, 2012 - Sep 19, 2012	-5.93% Nov 12, 2025 - Dec 5, 2025
#11	-12.19% Sep 12, 2016 - Sep 26, 2017	-5.90% Nov 16, 2021 - Dec 29, 2021
#12	-12.14% Aug 1, 2011 - Oct 14, 2011	-5.23% May 7, 2021 - Aug 3, 2021
#13	-10.76% Mar 9, 2011 - Jul 8, 2011	-5.10% Feb 12, 2021 - Mar 11, 2021
#14	-10.70% Jan 16, 2015 - May 18, 2015	-4.84% Aug 30, 2024 - Sep 19, 2024
#15	-10.32% Jul 10, 2024 - Sep 16, 2024	-4.62% Jan 20, 2021 - Feb 9, 2021

Correlation

Correlation between MPV and LSAF is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (2000 - 2026)

MPV vs LSAF dividend yield comparison.

Year	MPV	LSAF
2026	2.37%	0.00%
2025	9.31%	0.69%
2024	9.19%	0.42%
2023	8.27%	0.84%
2022	6.98%	0.96%
2021	5.41%	0.37%
2020	6.73%	0.53%
2019	6.70%	0.71%
2018	7.18%	0.20%
2017	7.66%	0.00%
2016	7.61%	0.00%
2015	7.86%	0.00%
2014	8.16%	0.00%
2013	8.39%	0.00%
2012	7.76%	0.00%
2011	7.76%	0.00%
2010	7.20%	0.00%
2009	8.20%	0.00%
2008	11.05%	0.00%
2007	9.48%	0.00%
2006	8.10%	0.00%
2005	7.19%	0.00%
2004	8.26%	0.00%
2003	8.24%	0.00%
2002	9.15%	0.00%
2001	10.55%	0.00%
2000	9.41%	0.00%