MPV vs SHDG

Comparison between Barings Participation Investors (MPV, ETF) and SOUNDWATCH HEDGED EQUITY ETF (SHDG, ETF).

MPV vs SHDG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MPV(ETF)	SHDG(ETF)
Net Assets	$165M	$164M
Expense Ratio	N/A	0.91%
Max Drawdown	58.06%	15.84%
Sharpe Ratio	0.07	1.03
5Y Beta	0.16	0.67
5Y Dividends CAGR	18.25%	N/A

Net Assets

Winner

MPV

$165M

SHDG

$164M

Expense Ratio

MPV

N/A

SHDG

0.91%

Max Drawdown

MPV

58.06%

Winner

SHDG

15.84%

Sharpe Ratio

MPV

0.07

Winner

SHDG

1.03

5Y Beta

Winner

MPV

0.16

SHDG

0.67

5Y Dividends CAGR

MPV

18.25%

SHDG

N/A

MPV vs SHDG - Historical Returns

Returns include dividend reinvestment.

Period	MPV	SHDG
1 month	-1.62%	+0.92%
3 months	-10.03%	+0.55%
6 months	-11.18%	+0.62%
1 year	+0.85%	+12.31%
5 years(CAGR)	+12.68%	N/A
10 years(CAGR)	+9.43%	N/A
Max(CAGR)	+10.30%	+14.33%

MPV

-1.62%

Winner

SHDG

+0.92%

MPV

-10.03%

Winner

SHDG

+0.55%

MPV

-11.18%

Winner

SHDG

+0.62%

MPV

+0.85%

Winner

SHDG

+12.31%

5Y(CAGR)

MPV

+12.68%

SHDG

N/A

10Y(CAGR)

MPV

+9.43%

SHDG

N/A

Max(CAGR)

MPV

+10.30%

Winner

SHDG

+14.33%

MPV vs SHDG - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MPV	SHDG
2026	+2.23%	+0.54%
2025	+0.65%	+11.41%
2024	+23.57%	+20.29%
2023	+38.90%	+18.35%
2022	-8.74%	+2.56%
2021	+32.50%	N/A
2020	-20.48%	N/A
2019	+13.29%	N/A
2018	+12.79%	N/A
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 SHDG Drawdown Comparison

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

The maximum drawdown for SHDG was -15.82%, occurring on Apr 8, 2025. Recovery took 105 trading sessions.

The current MPV drawdown is -14.30%. The current SHDG drawdown is -0.99%.

Rank	MPV	SHDG
#1	-54.02% Feb 7, 2020 - Aug 30, 2023	-15.82% Feb 19, 2025 - Jul 22, 2025
#2	-49.97% Mar 9, 2007 - May 13, 2010	-8.69% Jul 31, 2023 - Dec 12, 2023
#3	-21.77% Aug 28, 2001 - May 16, 2003	-6.62% Feb 2, 2026 - Mar 30, 2026
#4	-21.21% Nov 19, 1999 - Aug 21, 2000	-6.49% Jul 16, 2024 - Aug 30, 2024
#5	-19.70% Nov 26, 2025 - Dec 31, 2025	-4.63% Feb 15, 2023 - Mar 31, 2023
#6	-16.94% Aug 18, 2005 - Feb 16, 2006	-4.42% Dec 1, 2022 - Jan 26, 2023
#7	-16.94% Sep 20, 2012 - Aug 15, 2014	-3.98% Mar 27, 2024 - May 15, 2024
#8	-15.21% Feb 9, 2005 - May 27, 2005	-3.75% Aug 30, 2024 - Sep 19, 2024
#9	-13.78% Feb 20, 2025 - May 27, 2025	-3.53% Dec 16, 2024 - Feb 13, 2025
#10	-13.28% Jan 20, 2012 - Sep 19, 2012	-3.29% Oct 27, 2025 - Nov 28, 2025
#11	-12.19% Sep 12, 2016 - Sep 26, 2017	-2.51% Oct 28, 2022 - Nov 10, 2022
#12	-12.14% Aug 1, 2011 - Oct 14, 2011	-2.33% Dec 11, 2025 - Dec 23, 2025
#13	-10.76% Mar 9, 2011 - Jul 8, 2011	-1.94% Oct 8, 2025 - Oct 21, 2025
#14	-10.70% Jan 16, 2015 - May 18, 2015	-1.94% May 1, 2023 - May 18, 2023
#15	-10.32% Jul 10, 2024 - Sep 16, 2024	-1.90% Oct 18, 2024 - Nov 6, 2024

Correlation

Correlation between MPV and SHDG is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2000 - 2026)

MPV vs SHDG dividend yield comparison.

Year	MPV	SHDG
2026	2.23%	0.00%
2025	9.31%	0.50%
2024	9.19%	0.62%
2023	8.27%	1.24%
2022	6.98%	0.90%
2021	5.41%	0.00%
2020	6.73%	0.00%
2019	6.70%	0.00%
2018	7.18%	0.00%
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%