IVV vs MVPA
iShares Core S&P 500 ETF vs Miller Value Partners Appreciation ETF
Which is better, IVV or MVPA?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over the full window, MVPA over 1Y. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 51.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | MVPA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $850.0B | $71M |
| Dividend Yield | 1.09% | 0.51% |
| Holdings | 1,018 | 74 |
| YTD Return | +12.12%Best | +10.39% |
| 1Y Return | +12.53% | +14.07%Best |
| 3Y Return (annualized) | +21.54% | - |
| 5Y Return (annualized) | +11.93% | - |
| Volatility (annualized) | 11.8%Best | 21.4% |
| Max Drawdown | -18.8%Best | -25.9% |
| $10,000 over 2.8 years | $16,341Best | $15,229 |
| Top 10 Weight | 38.8%Best | 51.1% |
| Fund Family | iShares by BlackRock (US) | Miller Value Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Jan 30, 2024 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Jan 31, 2024 to Nov 11, 2026 (2.8 years).
IVV vs MVPA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
IVV vs MVPA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Miller Value Partners Appreciation ETF (MVPA) is an ETF from Miller Value Funds. Over the past year IVV returned +12.53% while MVPA returned +14.07%. Year to date, IVV is up 12.12% versus a gain of 10.39% for MVPA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVPA has been the more volatile fund, with annualized monthly volatility of 21.4% compared with 11.8% 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 -18.8% for IVV and -25.9% for MVPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
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 1.09% against 0.51% for MVPA.
Holdings Overlap
2.8% of IVV's money is in holdings MVPA also owns. 17.5% of MVPA's money is in holdings IVV also owns.
MVPA and IVV share little of their money.
5 positions in common, counted across the 505 positions we hold weights for in IVV and 32 in MVPA, against full books of 1,018 and 74.
What only one of them owns
Our book lists 27 positions for MVPA that do not appear in our book for IVV (82.4% of the fund), and 494 for IVV that do not appear in MVPA (96.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IVV and MVPA you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $57 a year on a $10,000 investment.
Which performed better, IVV or MVPA?
Over the past year IVV returned +12.53% vs +14.07% for MVPA, so MVPA leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MVPA?
MVPA has been the more volatile fund at 21.4% annualized versus 11.8% for IVV. Worst drawdown: IVV -18.8% vs MVPA -25.9%.
Should I hold both IVV and MVPA?
IVV and MVPA have a monthly-return correlation of 0.58, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and MVPA?
17.5% of MVPA's money is in holdings IVV also owns. 17.5% of MVPA's is in holdings IVV also owns. They hold 5 positions in common, counted across the 505 positions we hold weights for in IVV and 32 in MVPA.
Which pays a higher dividend, IVV or MVPA?
IVV yields 1.09% while MVPA yields 0.51%, so IVV currently pays the higher dividend yield.
Is MVPA better than IVV?
IVV has a lower expense ratio. IVV led over the full window, MVPA over 1Y. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 51.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.