MVPA vs VYM
Miller Value Partners Appreciation ETF vs Vanguard High Dividend Yield ETF
Which is better, MVPA or VYM?
VYM has been ahead.
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 48.5%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.60% | 0.04%Best |
| AUM | $68M | $83.1B |
| Dividend Yield | 0.50% | 2.22% |
| Holdings | 38 | 608 |
| YTD Return | +3.60% | +10.00%Best |
| 1Y Return | -0.45% | +13.75%Best |
| 3Y Return (annualized) | - | +18.81% |
| 5Y Return (annualized) | - | +11.63% |
| Volatility (annualized) | 21.5% | 10.7%Best |
| Max Drawdown | -25.9% | -14.5%Best |
| $10,000 over 2.7 years | $14,302 | $15,016Best |
| Top 10 Weight | 48.5% | 26.1%Best |
| Fund Family | Miller Value Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 30, 2024 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 31, 2024 to Oct 2, 2026 (2.7 years).
MVPA vs VYM 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 2.7 years both funds cover.
MVPA vs VYM Performance
Miller Value Partners Appreciation ETF (MVPA) is an ETF from Miller Value Funds and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year MVPA returned -0.45% while VYM returned +13.75%. Year to date, MVPA is up 3.60% versus a gain of 10.00% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVPA has been the more volatile fund, with annualized monthly volatility of 21.5% compared with 10.7% for VYM. 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MVPA charges 0.60% per year while VYM charges 0.04%. On a $10,000 position that is $60 vs $4 annually, a gap of $56 per year that compounds over a long holding period. On income, MVPA currently yields 0.50% against 2.22% for VYM.
Holdings Overlap
27.5% of MVPA's money is in holdings VYM also owns. 0.7% of VYM's money is in holdings MVPA also owns.
MVPA and VYM share little of their money.
The two holdings books were reported 46 days apart, MVPA as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
8 positions in common, counted across the 36 positions we hold weights for in MVPA and 557 in VYM, against full books of 38 and 608.
What only one of them owns
Our book lists 521 positions for VYM that do not appear in our book for MVPA (96.4% of the fund), and 28 for MVPA that do not appear in VYM (72.3%).
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 VYM | Difference |
|---|---|---|---|
| LNCLincoln National Corp. | 4.81% | 0.03% | 4.78% |
| UPSUnited Parcel Service, Inc | 4.08% | 0.32% | 3.76% |
| JXNJackson Financial Inc USD | 4.08% | 0.03% | 4.05% |
| BFHBread Financial Holdings, Inc. | 3.62% | 0.02% | 3.60% |
| AMPAmeriprise Financial Inc | 3.41% | 0.20% | 3.21% |
| VTRSViatris Inc. | 2.60% | 0.08% | 2.52% |
| CNXCConcentrix Corporation | 2.51% | 0.00% | 2.51% |
| OASChord Energy Corp | 2.39% | 0.03% | 2.36% |
27.5% of MVPA is already inside VYM.
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 VYM?
MVPA has an expense ratio of 0.60% while VYM charges 0.04%. VYM is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, MVPA or VYM?
Over the past year MVPA returned -0.45% vs +13.75% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MVPA or VYM?
MVPA has been the more volatile fund at 21.5% annualized versus 10.7% for VYM. Worst drawdown: MVPA -25.9% vs VYM -14.5%.
Should I hold both MVPA and VYM?
MVPA and VYM have a monthly-return correlation of 0.65, 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 VYM?
27.5% of MVPA's money is in holdings VYM also owns. 0.7% of VYM's is in holdings MVPA also owns. They hold 8 positions in common, counted across the 36 positions we hold weights for in MVPA and 557 in VYM.
Which pays a higher dividend, MVPA or VYM?
MVPA yields 0.50% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than MVPA?
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 48.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.