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PAYRvsMDLVETF Comparison

ETF 1

PAYR

Federated Hermes Enhanced Income ETF

This fund is part of

Options Strategies

-0.04%

Full PAYR fund page

VS

ETF 2

MDLV

Morgan Dempsey Large Cap Value ETF

This fund is part of

US Large Cap Value

-0.69%

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 Energy. In contrast, MDLV's top sector exposures are Financials, Industrials and Utilities. PAYR is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.66% for MDLV. PAYR is up 10.6% year-to-date (YTD) with +$15M in YTD flows. MDLV performs worse with 7.83% YTD performance, and +$1M 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 04/08/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PAYR MDLV	+0.59%+0.51%	+9.82%+5.95%	+10.60%+7.83%	n/a+25.04%	n/an/a	n/an/a
Flows	PAYR MDLV	+$4M-	+$15M+$925K	+$15M+$1M	-+$11M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAYR MDLV	+9.73%+9.15%	n/a+9.16%	n/an/a	n/an/a
Max drawdown	PAYR MDLV	-5.20%-4.33%	n/a-4.33%	n/an/a	n/an/a
Max drawdown duration	PAYR MDLV	38d39d	n/a39d	n/an/a	n/an/a

Trading data

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	PAYR	MDLV
Last sale 4/10/2026 at 1:30 PM	$54.50	$30.30
Previous close 04/09/2026	$54.81	$30.53
Consolidated volume 04/09/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/10/2026 at 1:30 PM

Live

Closed

	PAYR	MDLV
Last price	$54.50	$30.30
1D performance	-0.56%	-0.77%
AuM	$27.83 M	$37.90 M
E/R	0.5%	0.66%

Characteristics

	PAYR	MDLV
Management strategy	Active	Active
Provider	Federated Investment Management	Morgan Dempsey Capital Management
Benchmark	-	-
N° of holdings	39	35
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

74.28%

Canada

7.46%

Other

18.26%

MDLV

USA

89.25%

Other

10.75%

Sectors

PAYR

Financials

15.22%

Utilities

14.09%

Energy

11.98%

Real Estate

10.48%

Health Care

10.42%

Consumer Staples

9.95%

Other

27.86%

MDLV

Financials

15.37%

Industrials

14.37%

Utilities

13.72%

Energy

12.3%

Consumer Staples

8.32%

Health Care

8.21%

Other

27.71%

Diversification

PAYR

Total weight of top 15 holdings out of 15

43.89%

MDLV

Total weight of top 15 holdings out of 15

50.29%

Top 15 holdings

Data as of February 28, 2026

PAYR

CHEVRON TEXACO

3.40%

US

3.38%

TRUIST FINANCIAL CORP

3.25%

ENBRIDGE

3.18%

AMGEN-T

3.03%

CME GROUP

2.89%

PFIZER

2.89%

KIMCO REALTY REIT

2.83%

EXXON

2.83%

PROLOGIS REIT

2.82%

PNC FINL SVC

2.76%

US80105N1054

2.74%

PEPSICO U

2.67%

PHILLIP MORRIS

2.64%

TC ENERGY CORP

2.58%

MDLV

CITIGROUP

4.08%

EXXON

3.99%

CUMMINS

3.70%

AT&T

3.64%

CISCO-T

3.58%

LOCKHEED MARTIN

3.57%

ENTERGY

3.48%

WEC ENERGY GROUP INC

3.28%

CME GROUP

3.24%

JOHNSON&JOHNSON

3.16%

CHEVRON TEXACO

3.12%

COCA-COLA

2.89%

GENERAL DYNAMICS

2.87%

PEMBINA PIPELINE

2.86%

WELLS FARGO

2.83%

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 April 8, 2026, PAYR is up 10.6% year-to-date (YTD), while MDLV has returned 7.83%. That puts PAYR better performer ahead so far this year.

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

Year-to-date, the PAYR ETF saw +$15M in flows, compared to +$1M for MDLV.

Which ETF is bigger: PAYR or MDLV?

As of April 8, 2026, PAYR holds $27.83 M in assets under management (AUM), while MDLV manages $37.90 M.

What sectors do the PAYR and MDLV ETFs invest in?

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

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

PAYR top holdings include CHEVRON TEXACO, US and TRUIST FINANCIAL CORP. MDLV holds in its top three: CITIGROUP, EXXON and CUMMINS.

Which ETF is more diversified: PAYR or MDLV?

PAYR holds 43 securities with 43.89% of its assets in the top 15. MDLV has 53 securities and a top 15 weight of 50.29%.

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