MCVT vs SPY
Miller Convertible Total Return ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | MCVT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $14M | $789.1B | |
| Dividend Yield | 0.03% | 1.01% | |
| Holdings | 30 | 505 | |
| YTD Return | +15.33% | +13.75% | |
| 1Y Return | - | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -2.4% | -56.5% | |
| Fund Family | The Miller Family Of Funds | State Street Investment Management | |
| Category | Convertible | Equity | |
| Inception | Mar 24, 2026 | Jan 22, 1993 |
MCVT vs SPY Performance
Miller Convertible Total Return ETF (MCVT) is a ETF from The Miller Family Of Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, MCVT is up 15.33% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.4% for MCVT and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
MCVT charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, MCVT currently yields 0.03% against 1.01% for SPY.
Holdings Overlap
MCVT and SPY share 0 holdings out of 514 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, MCVT or SPY?
MCVT has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
What is the holdings overlap between MCVT and SPY?
MCVT and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, MCVT or SPY?
MCVT yields 0.03% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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