IVV vs MVPL
iShares Core S&P 500 ETF vs Miller Value Partners Leverage ETF
Quick Verdict
IVV has a lower expense ratio. MVPL delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MVPL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.72% | |
| AUM | $865.2B | $24M | |
| Dividend Yield | 1.09% | 0.94% | |
| Holdings | 508 | 2 | |
| YTD Return | +13.43% | +23.21% | |
| 1Y Return | +22.61% | +36.03% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 21.6% | |
| Max Drawdown | -56.5% | -25.7% | |
| Fund Family | iShares by BlackRock (US) | Miller Value Funds | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Feb 28, 2024 |
IVV vs MVPL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Miller Value Partners Leverage ETF (MVPL) is a ETF from Miller Value Funds. Over the past year IVV returned +22.61% while MVPL returned +36.03%. Year to date, IVV is up 13.43% versus a gain of 23.21% for MVPL.
Risk: Volatility and Drawdowns
MVPL 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 -25.7% for MVPL. 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while MVPL charges 1.72%. On a $10,000 position that is $3 vs $172 annually, a gap of $169 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.94% for MVPL.
Holdings Overlap
IVV and MVPL share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MVPL?
IVV has an expense ratio of 0.03% while MVPL charges 1.72%. IVV is the cheaper option. On a $10,000 investment, that is $169 per year of difference.
Which performed better, IVV or MVPL?
Over the past year IVV returned +22.61% vs +36.03% for MVPL, so MVPL leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.03% vs +30.55% for MVPL. Past performance does not guarantee future results.
Which is riskier, IVV or MVPL?
MVPL has been the more volatile fund at 21.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MVPL -25.7%.
Should I hold both IVV and MVPL?
IVV and MVPL have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and MVPL?
IVV and MVPL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or MVPL?
IVV yields 1.09% while MVPL yields 0.94%, so IVV currently pays the higher dividend yield.
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