IVV vs MVPA
iShares Core S&P 500 ETF vs Miller Value Partners Appreciation ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MVPA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $907.0B | $74M | |
| Dividend Yield | 1.10% | 0.52% | |
| Holdings | 508 | 38 | |
| YTD Return | +12.71% | +13.24% | |
| 1Y Return | +21.89% | +12.79% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 21.6% | |
| Max Drawdown | -56.5% | -25.9% | |
| Fund Family | iShares by BlackRock (US) | Miller Value Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 30, 2024 |
IVV vs MVPA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Miller Value Partners Appreciation ETF (MVPA) is a ETF from Miller Value Funds. Over the past year IVV returned +21.89% while MVPA returned +12.79%. Year to date, IVV is up 12.71% versus a gain of 13.24% for MVPA.
Risk: Volatility and Drawdowns
MVPA has been the more volatile fund, with annualized monthly volatility of 21.6% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -25.9% for MVPA. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MVPA charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.52% for MVPA.
Holdings Overlap
IVV and MVPA share 6 holdings out of 533 unique holdings combined, representing a 2.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MVPA?
IVV has an expense ratio of 0.03% while MVPA charges 0.60%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or MVPA?
Over the past year IVV returned +21.89% vs +12.79% for MVPA, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.00% vs +18.93% for MVPA. Past performance does not guarantee future results.
Which is riskier, IVV or MVPA?
MVPA has been the more volatile fund at 21.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MVPA -25.9%.
Should I hold both IVV and MVPA?
IVV and MVPA have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MVPA?
IVV and MVPA share 6 common holdings with a 2.5% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, IVV or MVPA?
IVV yields 1.10% while MVPA yields 0.52%, so IVV currently pays the higher dividend yield.
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