MVAL vs SPY
VanEck Morningstar Wide Moat Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MVAL or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 40.1%.
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 | MVAL | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | $2M | $804.7B |
| Dividend Yield | 1.58% | 0.98% |
| Holdings | 46 | 505 |
| YTD Return | +2.42% | +12.22%Best |
| 1Y Return | +9.33% | +16.97%Best |
| 3Y Return (annualized) | - | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 12.7% | 12.1%Best |
| Max Drawdown | -19.6% | -18.8%Best |
| $10,000 over 2.5 years | $12,310 | $15,039Best |
| Top 10 Weight | 40.1% | 37.8%Best |
| Fund Family | VanEck | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Mar 26, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Mar 28, 2024 to Sep 17, 2026 (2.5 years).
MVAL vs SPY 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 2.5 years both funds cover.
MVAL vs SPY Performance
VanEck Morningstar Wide Moat Value ETF (MVAL) is an ETF from VanEck and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MVAL returned +9.33% while SPY returned +16.97%. Year to date, MVAL is up 2.42% versus a gain of 12.22% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVAL has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 12.1% for SPY. 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
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 1.58% against 0.98% for SPY.
Holdings Overlap
92.3% of MVAL's money is in holdings SPY also owns. 11.6% of SPY's money is in holdings MVAL also owns.
Most of MVAL is already inside SPY. Owning both mostly buys the same companies twice.
41 positions in common, counted across the 45 positions we hold weights for in MVAL and 504 in SPY, against full books of 46 and 505.
What only one of them owns
Measured across the 45 and 504 positions we hold weights for.
SPY holds 456 positions MVAL does not, 87.8% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, AMZN 3.79%, GOOGL 2.99%, AVGO 2.66%
Top Shared Holdings
| Stock | Weight in MVAL | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 3.30% | 5.66% | 2.36% |
| BMYBristol-Myers Squibb Co. | 4.89% | 0.21% | 4.68% |
| DHRDanaher Corporation | 4.53% | 0.20% | 4.33% |
| ZBHZimmer Biomet Holdings | 4.60% | 0.03% | 4.57% |
| KVUEKenvue Inc | 4.40% | 0.05% | 4.35% |
| BFBBrown-Forman Corp-Class B | 4.28% | 0.01% | 4.27% |
| CLXClorox Co. | 3.80% | 0.02% | 3.78% |
| STZConstellation Brands Inc Common Stock Usd 0.01 | 3.77% | 0.03% | 3.74% |
| GEHCGe Healthcare Technologies Inc | 3.70% | 0.05% | 3.65% |
| METAMeta Platforms Inc | 1.25% | 1.93% | 0.68% |
92.3% of MVAL is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $41 a year on a $10,000 investment.
Which performed better, MVAL or SPY?
Over the past year MVAL returned +9.33% vs +16.97% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MVAL or SPY?
MVAL has been the more volatile fund at 12.7% annualized versus 12.1% for SPY. Worst drawdown: MVAL -19.6% vs SPY -18.8%.
Should I hold both MVAL and SPY?
MVAL and SPY have a monthly-return correlation of 0.57, 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 MVAL and SPY?
92.3% of MVAL's money is in holdings SPY also owns. 11.6% of SPY's is in holdings MVAL also owns. They hold 41 positions in common, counted across the 45 positions we hold weights for in MVAL and 504 in SPY.
Which pays a higher dividend, MVAL or SPY?
MVAL yields 1.58% while SPY yields 0.98%, so MVAL currently pays the higher dividend yield.
Is SPY better than MVAL?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 40.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.