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PAYRvsMDLVETF Comparison

ETF 1

PAYR

Federated Hermes Enhanced Income ETF

This fund is part of

Options Strategies

+0.4%

Full PAYR fund page

VS

ETF 2

MDLV

Morgan Dempsey Large Cap Value ETF

This fund is part of

US Large Cap Value

+0.85%

Full MDLV fund page

Federated Hermes Enhanced Income ETF (PAYR) belongs to the Options Strategies segment. Morgan Dempsey Large Cap Value ETF (MDLV) is part of the US Large Cap Value segment. PAYR's top 3 sector exposures are Financials, Utilities and Real Estate. In contrast, MDLV's top sector exposures are Financials, Utilities and Industrials. PAYR is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.58% for MDLV. PAYR is up 12.1% year-to-date (YTD) with +$27M in YTD flows. MDLV performs better with 12.35% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of PAYR and MDLV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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PAYR vs MDLV performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/12/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PAYR MDLV	+3.62%+3.33%	+3.08%+5.37%	+12.10%+12.35%	n/a+20.59%	n/a+45.08%	n/an/a
Flows	PAYR MDLV	+$3M+$1M	+$17M+$1M	+$27M+$2M	-+$10M	-+$14M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAYR MDLV	+10.61%+9.28%	n/a+8.64%	n/a+10.48%	n/an/a
Max drawdown	PAYR MDLV	-3.53%-1.99%	n/a-4.33%	n/a-10.77%	n/an/a
Max drawdown duration	PAYR MDLV	61d15d	n/a74d	n/a120d	n/an/a

Trading data

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	PAYR	MDLV
Last sale 6/12/2026 at 1:30 PM	$54.61	$31.60
Previous close 06/11/2026	$54.30	$31.42
Consolidated volume 06/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	PAYR	MDLV
Last price	$54.61	$31.60
1D performance	+0.56%	+0.59%
AuM	$40.15 M	$40.75 M
E/R	0.5%	0.58%

Characteristics

	PAYR	MDLV
Management strategy	Active	Active
Provider	Federated Investment Management	Morgan Dempsey Capital Management
Benchmark	-	-
N° of holdings	40	34
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	October 7, 2025	April 26, 2023
ESG	No	No

More PAYR data on Trackinsight

More MDLV data on Trackinsight

Exposure

Countries

PAYR

USA

68.48%

Canada

7.26%

Other

24.25%

MDLV

USA

89.77%

Other

10.23%

Sectors

PAYR

Financials

15.45%

Utilities

12.24%

Real Estate

10.79%

Health Care

10.23%

Consumer Staples

9.39%

Energy

7.96%

Other

33.95%

MDLV

Utilities

13.98%

Financials

13.98%

Industrials

13.76%

Energy

12.96%

Information Techn.

8.56%

Health Care

7.5%

Other

29.26%

Diversification

PAYR

Total weight of top 15 holdings out of 15

44.4%

MDLV

Total weight of top 15 holdings out of 15

50.31%

Top 15 holdings

Data as of April 30, 2026

PAYR

US

3.65%

TRUIST FINANCIAL CORP

3.49%

PAYCHEX

3.39%

US80105N1054

3.32%

ENBRIDGE

3.30%

PNC FINL SVC

3.24%

KIMCO REALTY REIT

2.97%

PROLOGIS REIT

2.90%

PFIZER

2.87%

FIRSTENERGY

2.71%

TC ENERGY CORP

2.61%

PEPSICO U

2.56%

ABBVIE

2.54%

AMERICAN TOWER CL A REIT

2.53%

VERIZON COMMUNICATIONS

2.32%

MDLV

CITIGROUP

4.80%

CISCO-T

4.11%

EXXON

4.10%

ENTERGY

3.83%

CUMMINS

3.68%

AT&T

3.38%

WEC ENERGY GROUP INC

3.32%

CHEVRON TEXACO

3.20%

JOHNSON&JOHNSON

2.98%

CME GROUP

2.93%

PEMBINA PIPELINE

2.87%

COCA-COLA

2.80%

LOCKHEED MARTIN

2.80%

ONEOK

2.79%

INTL BUSINESS MACHINES CORP

2.72%

Frequently asked questions about PAYR and MDLV

PAYRvsMDLVETF Comparison

Federated Hermes Enhanced Income ETF

Morgan Dempsey Large Cap Value ETF

PAYR vs MDLV performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PAYR and MDLV ETFs performed in 2026?

As of June 12, 2026, PAYR is up 12.1% year-to-date (YTD), while MDLV has returned 12.35%. That puts MDLV better performer ahead so far this year.

Which ETF is attracting more investor money: PAYR or MDLV?

Year-to-date, the PAYR ETF saw +$27M in flows, compared to +$2M for MDLV.

Which ETF is bigger: PAYR or MDLV?

As of June 12, 2026, PAYR holds $40.15 M in assets under management (AUM), while MDLV manages $40.75 M.

What sectors do the PAYR and MDLV ETFs invest in?

PAYR leans toward sectors like Financials, Utilities and Real Estate. Meanwhile, MDLV focuses on Utilities, Financials and Industrials.

What are the top holdings of the PAYR ETF and MDLV ETF?

PAYR top holdings include US, TRUIST FINANCIAL CORP and PAYCHEX. MDLV holds in its top three: CITIGROUP, CISCO-T and EXXON.

Which ETF is more diversified: PAYR or MDLV?

PAYR holds 40 securities with 44.4% of its assets in the top 15. MDLV has 52 securities and a top 15 weight of 50.31%.

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