MVAL vs SPY
VanEck Morningstar Wide Moat Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | MVAL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $2M | $789.1B | |
| Dividend Yield | 1.73% | 1.01% | |
| Holdings | 42 | 505 | |
| YTD Return | +7.88% | +13.39% | |
| 1Y Return | +17.10% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 12.4% | 15.3% | |
| Max Drawdown | -19.6% | -56.5% | |
| Fund Family | VanEck | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2024 | Jan 22, 1993 |
MVAL vs SPY Performance
VanEck Morningstar Wide Moat Value ETF (MVAL) is a ETF from VanEck and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MVAL returned +17.10% while SPY returned +22.52%. Year to date, MVAL is up 7.88% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.4% for MVAL. 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 -19.6% for MVAL and -56.5% for SPY. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MVAL charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, MVAL currently yields 1.73% against 1.01% for SPY.
Holdings Overlap
MVAL and SPY share 40 holdings out of 508 unique holdings combined, representing a 8.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MVAL or SPY?
MVAL has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, MVAL or SPY?
Over the past year MVAL returned +17.10% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), MVAL annualized +11.48% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, MVAL or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.4% for MVAL. Worst drawdown: MVAL -19.6% vs SPY -56.5%.
Should I hold both MVAL and SPY?
MVAL and SPY have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MVAL and SPY?
MVAL and SPY share 40 common holdings with a 8.1% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, MVAL or SPY?
MVAL yields 1.73% while SPY yields 1.01%, so MVAL currently pays the higher dividend yield.
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