MVPL vs QQQ
Miller Value Partners Leverage ETF vs Invesco QQQ Trust, Series 1
Which is better, MVPL or QQQ?
Leverage Strategy against Large Cap Growth.
QQQ has a lower expense ratio. MVPL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | MVPL | QQQ |
|---|---|---|
| Expense Ratio | 1.72% | 0.18%Best |
| AUM | $32M | $483.5B |
| Dividend Yield | 0.90% | 0.44% |
| Holdings | 2 | 107 |
| YTD Return | +20.08%Best | +17.21% |
| 1Y Return | +23.79%Best | +22.10% |
| 3Y Return (annualized) | - | +25.27% |
| 5Y Return (annualized) | - | +14.60% |
| Volatility (annualized) | 21.4% | 17.4%Best |
| Max Drawdown | -25.7% | -22.8%Best |
| $10,000 over 2.6 years | $18,953Best | $16,856 |
| Fund Family | Miller Value Funds | Invesco (US) |
| Category | Alternative | Equity |
| Style | Leverage Strategy | Large Cap Growth |
| Inception | Feb 28, 2024 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 28, 2024 to Sep 17, 2026 (2.6 years).
MVPL vs QQQ 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 2.6 years both funds cover.
MVPL vs QQQ Performance
Miller Value Partners Leverage ETF (MVPL) is an ETF from Miller Value Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MVPL returned +23.79% while QQQ returned +22.10%. Year to date, MVPL is up 20.08% versus a gain of 17.21% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVPL has been the more volatile fund, with annualized monthly volatility of 21.4% compared with 17.4% for QQQ. 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 -25.7% for MVPL and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MVPL charges 1.72% per year while QQQ charges 0.18%. On a $10,000 position that is $172 vs $18 annually, a gap of $154 per year that compounds over a long holding period. On income, MVPL currently yields 0.90% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 1 holding in MVPL and 102 in QQQ, totalling 100.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in MVPL and 102 in QQQ, against full books of 2 and 107.
You are not choosing between two funds in isolation.
Whichever of MVPL and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MVPL or QQQ?
MVPL has an expense ratio of 1.72% while QQQ charges 0.18%. QQQ is the cheaper option, by $154 a year on a $10,000 investment.
Which performed better, MVPL or QQQ?
Over the past year MVPL returned +23.79% vs +22.10% for QQQ, so MVPL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MVPL or QQQ?
MVPL has been the more volatile fund at 21.4% annualized versus 17.4% for QQQ. Worst drawdown: MVPL -25.7% vs QQQ -22.8%.
Should I hold both MVPL and QQQ?
MVPL and QQQ have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, MVPL or QQQ?
MVPL yields 0.90% while QQQ yields 0.44%, so MVPL currently pays the higher dividend yield.
Is QQQ better than MVPL?
QQQ has a lower expense ratio. MVPL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.