MVPA vs OPTZ
Miller Value Partners Appreciation ETF vs Optimize Strategy Index ETF
Which is better, MVPA or OPTZ?
OPTZ has been ahead.
OPTZ has a lower expense ratio. OPTZ led over 1Y and the full window. OPTZ is less concentrated, with 13.3% of the fund in its ten largest positions against 51.1%.
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 | MVPA | OPTZ |
|---|---|---|
| Expense Ratio | 0.60% | 0.25%Best |
| AUM | $71M | $247M |
| Dividend Yield | 0.51% | 0.48% |
| Holdings | 74 | 795 |
| YTD Return | +10.39% | +22.75%Best |
| 1Y Return | +14.07% | +26.76%Best |
| Volatility (annualized) | 18.1%Best | 18.7% |
| Max Drawdown | -25.9% | -25.8%Best |
| $10,000 over 2.6 years | $12,113 | $17,934Best |
| Top 10 Weight | 51.1% | 13.3%Best |
| Fund Family | Miller Value Funds | Optimize Financial |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 30, 2024 | Apr 23, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Apr 23, 2024 to Nov 11, 2026 (2.6 years).
MVPA vs OPTZ 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 2.6 years both funds cover.
MVPA vs OPTZ Performance
Miller Value Partners Appreciation ETF (MVPA) is an ETF from Miller Value Funds and Optimize Strategy Index ETF (OPTZ) is an ETF from Optimize Financial. Over the past year MVPA returned +14.07% while OPTZ returned +26.76%. Year to date, MVPA is up 10.39% versus a gain of 22.75% for OPTZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OPTZ has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 18.1% for MVPA. 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 -25.9% for MVPA and -25.8% for OPTZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MVPA charges 0.60% per year while OPTZ charges 0.25%. On a $10,000 position that is $60 vs $25 annually, a gap of $35 per year that compounds over a long holding period. On income, MVPA currently yields 0.51% against 0.48% for OPTZ.
Holdings Overlap
29.4% of MVPA's money is in holdings OPTZ also owns. 1.8% of OPTZ's money is in holdings MVPA also owns.
MVPA and OPTZ share little of their money.
9 positions in common, counted across the 32 positions we hold weights for in MVPA and 392 in OPTZ, against full books of 74 and 795.
What only one of them owns
Our book lists 376 positions for OPTZ that do not appear in our book for MVPA (96.0% of the fund), and 23 for MVPA that do not appear in OPTZ (70.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in MVPA | Weight in OPTZ | Difference |
|---|---|---|---|
| BLMNBloomin' Brands | 5.90% | 0.21% | 5.69% |
| CROXCrocs Inc | 5.21% | 0.25% | 4.96% |
| JXNJackson Financial Inc USD | 4.00% | 0.22% | 3.78% |
| CNXCConcentrix Corporation | 3.69% | 0.06% | 3.63% |
| AMPAmeriprise Financial Inc | 3.17% | 0.21% | 2.96% |
| OASChord Energy Corp | 2.33% | 0.26% | 2.07% |
| ABNBAirbnb Inc | 2.20% | 0.22% | 1.98% |
| UPBDUPBOUND GROUP INC | 1.84% | 0.21% | 1.63% |
| LADLithia Motors Inc | 1.09% | 0.20% | 0.89% |
29.4% of MVPA is already inside OPTZ.
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, MVPA or OPTZ?
MVPA has an expense ratio of 0.60% while OPTZ charges 0.25%. OPTZ is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, MVPA or OPTZ?
Over the past year MVPA returned +14.07% vs +26.76% for OPTZ, so OPTZ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MVPA or OPTZ?
OPTZ has been the more volatile fund at 18.7% annualized versus 18.1% for MVPA. Worst drawdown: MVPA -25.9% vs OPTZ -25.8%.
Should I hold both MVPA and OPTZ?
MVPA and OPTZ have a monthly-return correlation of 0.43, 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 MVPA and OPTZ?
29.4% of MVPA's money is in holdings OPTZ also owns. 1.8% of OPTZ's is in holdings MVPA also owns. They hold 9 positions in common, counted across the 32 positions we hold weights for in MVPA and 392 in OPTZ.
Which pays a higher dividend, MVPA or OPTZ?
MVPA yields 0.51% while OPTZ yields 0.48%, so MVPA currently pays the higher dividend yield.
Is OPTZ better than MVPA?
OPTZ has a lower expense ratio. OPTZ led over 1Y and the full window. OPTZ is less concentrated, with 13.3% of the fund in its ten largest positions against 51.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.