MVPA vs QQQ
Miller Value Partners Appreciation ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MVPA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.18% | |
| AUM | $74M | $496.3B | |
| Dividend Yield | 0.52% | 0.44% | |
| Holdings | 38 | 108 | |
| YTD Return | +13.68% | +16.19% | |
| 1Y Return | +9.99% | +25.22% | |
| 3Y Return (annualized) | - | +25.47% | |
| 5Y Return (annualized) | - | +14.34% | |
| Volatility (annualized) | 21.6% | 30.6% | |
| Max Drawdown | -25.9% | -83.0% | |
| Fund Family | Miller Value Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2024 | Mar 10, 1999 |
MVPA vs QQQ Performance
Miller Value Partners Appreciation ETF (MVPA) is a ETF from Miller Value Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MVPA returned +9.99% while QQQ returned +25.22%. Year to date, MVPA is up 13.68% versus a gain of 16.19% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 21.6% 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 -83.0% for QQQ. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MVPA charges 0.60% per year while QQQ charges 0.18%. On a $10,000 position that is $60 vs $18 annually, a gap of $42 per year that compounds over a long holding period. On income, MVPA currently yields 0.52% against 0.44% for QQQ.
Holdings Overlap
MVPA and QQQ share 4 holdings out of 132 unique holdings combined, representing a 3.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MVPA or QQQ?
MVPA has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, MVPA or QQQ?
Over the past year MVPA returned +9.99% vs +25.22% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), MVPA annualized +19.02% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, MVPA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 21.6% for MVPA. Worst drawdown: MVPA -25.9% vs QQQ -83.0%.
Should I hold both MVPA and QQQ?
MVPA and QQQ have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MVPA and QQQ?
MVPA and QQQ share 4 common holdings with a 3.6% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, MVPA or QQQ?
MVPA yields 0.52% while QQQ yields 0.44%, so MVPA currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.