MVPA vs SCHD
Miller Value Partners Appreciation ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | MVPA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.06% | |
| AUM | $74M | $108.7B | |
| Dividend Yield | 0.52% | 3.13% | |
| Holdings | 38 | 104 | |
| YTD Return | +13.24% | +28.70% | |
| 1Y Return | +12.79% | +32.27% | |
| 3Y Return (annualized) | - | +17.27% | |
| 5Y Return (annualized) | - | +10.23% | |
| Volatility (annualized) | 21.6% | 13.7% | |
| Max Drawdown | -25.9% | -33.4% | |
| Fund Family | Miller Value Funds | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2024 | Oct 20, 2011 |
MVPA vs SCHD Performance
Miller Value Partners Appreciation ETF (MVPA) is a ETF from Miller Value Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MVPA returned +12.79% while SCHD returned +32.27%. Year to date, MVPA is up 13.24% versus a gain of 28.70% for SCHD.
Risk: Volatility and Drawdowns
MVPA has been the more volatile fund, with annualized monthly volatility of 21.6% compared with 13.7% for SCHD. 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 -33.4% for SCHD. 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MVPA charges 0.60% per year while SCHD charges 0.06%. On a $10,000 position that is $60 vs $6 annually, a gap of $54 per year that compounds over a long holding period. On income, MVPA currently yields 0.52% against 3.13% for SCHD.
Holdings Overlap
MVPA and SCHD share 1 holdings out of 133 unique holdings combined, representing a 1.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MVPA | Weight in SCHD | Difference |
|---|---|---|---|
| UPS | 4.90% | 1.95% | 2.95% |
Frequently Asked Questions
Which is cheaper, MVPA or SCHD?
MVPA has an expense ratio of 0.60% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, MVPA or SCHD?
Over the past year MVPA returned +12.79% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), MVPA annualized +18.93% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, MVPA or SCHD?
MVPA has been the more volatile fund at 21.6% annualized versus 13.7% for SCHD. Worst drawdown: MVPA -25.9% vs SCHD -33.4%.
Should I hold both MVPA and SCHD?
MVPA and SCHD have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MVPA and SCHD?
MVPA and SCHD share 1 common holdings with a 1.9% weight overlap. Combined, they hold 133 unique securities.
Which pays a higher dividend, MVPA or SCHD?
MVPA yields 0.52% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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