MPA vs VOO
MPA vs VOO
BlackRock MuniYield Pennsylvania Quality Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MPA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.48% | 0.03% | |
| AUM | $156M | $979.0B | |
| Dividend Yield | 5.32% | 1.09% | |
| Holdings | 165 | 509 | |
| YTD Return | +2.86% | +13.80% | |
| 1Y Return | +8.57% | +23.71% | |
| 3Y Return (annualized) | +5.21% | +21.50% | |
| 5Y Return (annualized) | -2.25% | +13.44% | |
| Volatility (annualized) | 12.8% | 14.1% | |
| Max Drawdown | -54.5% | -34.3% | |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 30, 1992 | Sep 7, 2010 |
MPA vs VOO Performance
BlackRock MuniYield Pennsylvania Quality Fund (MPA) is a ETF from BlackRock, Inc. (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MPA returned +8.57% while VOO returned +23.71%. Year to date, MPA is up 2.86% versus a gain of 13.80% for VOO.
Over three years, MPA compounded at +5.21% per year against +21.50% for VOO; over five years the annualized figures are -2.25% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs +0.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.8% for MPA. 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 -54.5% for MPA and -34.3% for VOO. 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MPA charges 1.48% per year while VOO charges 0.03%. On a $10,000 position that is $148 vs $3 annually, a gap of $145 per year that compounds over a long holding period. On income, MPA currently yields 5.32% against 1.09% for VOO.
Holdings Overlap
MPA and VOO share 0 holdings out of 559 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, MPA or VOO?
MPA has an expense ratio of 1.48% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $145 per year of difference.
Which performed better, MPA or VOO?
Over the past year MPA returned +8.57% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), MPA annualized +0.19% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, MPA or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.8% for MPA. Worst drawdown: MPA -54.5% vs VOO -34.3%.
Should I hold both MPA and VOO?
MPA and VOO have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MPA and VOO?
MPA and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, MPA or VOO?
MPA yields 5.32% while VOO yields 1.09%, so MPA currently pays the higher dividend yield.
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