MVPA vs VOO
Miller Value Partners Appreciation ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | MVPA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $74M | $997.4B | |
| Dividend Yield | 0.52% | 1.08% | |
| Holdings | 38 | 509 | |
| YTD Return | +13.24% | +12.68% | |
| 1Y Return | +12.79% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 21.6% | 14.1% | |
| Max Drawdown | -25.9% | -34.3% | |
| Fund Family | Miller Value Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2024 | Sep 7, 2010 |
MVPA vs VOO Performance
Miller Value Partners Appreciation ETF (MVPA) is a ETF from Miller Value Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MVPA returned +12.79% while VOO returned +21.87%. Year to date, MVPA is up 13.24% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
MVPA has been the more volatile fund, with annualized monthly volatility of 21.6% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MVPA charges 0.60% per year while VOO charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, MVPA currently yields 0.52% against 1.08% for VOO.
Holdings Overlap
MVPA and VOO share 6 holdings out of 533 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MVPA or VOO?
MVPA has an expense ratio of 0.60% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, MVPA or VOO?
Over the past year MVPA returned +12.79% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), MVPA annualized +18.93% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, MVPA or VOO?
MVPA has been the more volatile fund at 21.6% annualized versus 14.1% for VOO. Worst drawdown: MVPA -25.9% vs VOO -34.3%.
Should I hold both MVPA and VOO?
MVPA and VOO have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MVPA and VOO?
MVPA and VOO share 6 common holdings with a 2.2% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, MVPA or VOO?
MVPA yields 0.52% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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