MVPA vs VTI
Miller Value Partners Appreciation ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | MVPA | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $74M | $666.9B | |
| Dividend Yield | 0.52% | 1.07% | |
| Holdings | 38 | 3,543 | |
| YTD Return | +13.24% | +13.14% | |
| 1Y Return | +12.79% | +22.35% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 21.6% | 15.3% | |
| Max Drawdown | -25.9% | -56.6% | |
| Fund Family | Miller Value Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2024 | May 24, 2001 |
MVPA vs VTI Performance
Miller Value Partners Appreciation ETF (MVPA) is a ETF from Miller Value Funds and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year MVPA returned +12.79% while VTI returned +22.35%. Year to date, MVPA is up 13.24% versus a gain of 13.14% for VTI.
Risk: Volatility and Drawdowns
MVPA has been the more volatile fund, with annualized monthly volatility of 21.6% compared with 15.3% for VTI. 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 -56.6% for VTI. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MVPA charges 0.60% per year while VTI 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 1.07% for VTI.
Holdings Overlap
MVPA and VTI share 24 holdings out of 2797 unique holdings combined, representing a 2.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MVPA or VTI?
MVPA has an expense ratio of 0.60% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, MVPA or VTI?
Over the past year MVPA returned +12.79% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (3 years), MVPA annualized +18.93% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, MVPA or VTI?
MVPA has been the more volatile fund at 21.6% annualized versus 15.3% for VTI. Worst drawdown: MVPA -25.9% vs VTI -56.6%.
Should I hold both MVPA and VTI?
MVPA and VTI have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MVPA and VTI?
MVPA and VTI share 24 common holdings with a 2.0% weight overlap. Combined, they hold 2797 unique securities.
Which pays a higher dividend, MVPA or VTI?
MVPA yields 0.52% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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