SHDG vs MPV

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

SHDG vs MPV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SHDG

$164M

Winner

MPV

$165M

Expense Ratio

SHDG

0.91%

MPV

N/A

Max Drawdown

Winner

SHDG

15.84%

MPV

58.06%

Sharpe Ratio

Winner

SHDG

1.03

MPV

0.07

5Y Beta

SHDG

0.67

Winner

MPV

0.16

5Y Dividends CAGR

SHDG

N/A

MPV

18.25%

SHDG vs MPV - Historical Returns

Returns include dividend reinvestment.

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

Winner

SHDG

+0.92%

MPV

-1.62%

Winner

SHDG

+0.55%

MPV

-10.03%

Winner

SHDG

+0.62%

MPV

-11.18%

Winner

SHDG

+12.31%

MPV

+0.85%

5Y(CAGR)

SHDG

N/A

MPV

+12.68%

10Y(CAGR)

SHDG

N/A

MPV

+9.43%

Max(CAGR)

Winner

SHDG

+14.33%

MPV

+10.30%

SHDG vs MPV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SHDG	MPV
2026	+0.54%	+2.23%
2025	+11.41%	+0.65%
2024	+20.29%	+23.57%
2023	+18.35%	+38.90%
2022	+2.56%	-8.74%
2021	N/A	+32.50%
2020	N/A	-20.48%
2019	N/A	+13.29%
2018	N/A	+12.79%
2017	N/A	+7.17%
2016	N/A	+12.36%
2015	N/A	+12.35%
2014	N/A	+11.33%
2013	N/A	-2.17%
2012	N/A	-3.05%
2011	N/A	+22.51%
2010	N/A	+24.55%
2009	N/A	+42.89%
2008	N/A	-22.37%
2007	N/A	-4.22%
2006	N/A	+17.46%
2005	N/A	+13.65%
2004	N/A	+24.17%
2003	N/A	+37.18%
2002	N/A	+10.96%
2001	N/A	-8.20%
2000	N/A	+20.22%
1999	N/A	+1.28%

SHDG vs MPV Drawdown Comparison

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

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

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

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

Correlation

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

0.95

-101

Dividend Comparison (2000 - 2026)

SHDG vs MPV dividend yield comparison.

Year	SHDG	MPV
2026	0.00%	2.23%
2025	0.50%	9.31%
2024	0.62%	9.19%
2023	1.24%	8.27%
2022	0.90%	6.98%
2021	0.00%	5.41%
2020	0.00%	6.73%
2019	0.00%	6.70%
2018	0.00%	7.18%
2017	0.00%	7.66%
2016	0.00%	7.61%
2015	0.00%	7.86%
2014	0.00%	8.16%
2013	0.00%	8.39%
2012	0.00%	7.76%
2011	0.00%	7.76%
2010	0.00%	7.20%
2009	0.00%	8.20%
2008	0.00%	11.05%
2007	0.00%	9.48%
2006	0.00%	8.10%
2005	0.00%	7.19%
2004	0.00%	8.26%
2003	0.00%	8.24%
2002	0.00%	9.15%
2001	0.00%	10.55%
2000	0.00%	9.41%