MVPL vs SCHD
MVPL vs SCHD
Miller Value Partners Leverage ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. MVPL delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | MVPL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.72% | 0.06% | |
| AUM | $24M | $103.7B | |
| Dividend Yield | 0.94% | 3.31% | |
| Holdings | 2 | 104 | |
| YTD Return | +24.23% | +24.26% | |
| 1Y Return | +38.34% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 21.7% | 13.6% | |
| Max Drawdown | -25.7% | -33.4% | |
| Fund Family | Miller Value Funds | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Feb 28, 2024 | Oct 20, 2011 |
MVPL vs SCHD Performance
Miller Value Partners Leverage ETF (MVPL) 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 MVPL returned +38.34% while SCHD returned +31.38%. Year to date, MVPL is up 24.23% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
MVPL has been the more volatile fund, with annualized monthly volatility of 21.7% compared with 13.6% 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 -25.7% for MVPL 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MVPL charges 1.72% per year while SCHD charges 0.06%. On a $10,000 position that is $172 vs $6 annually, a gap of $166 per year that compounds over a long holding period. On income, MVPL currently yields 0.94% against 3.31% for SCHD.
Holdings Overlap
MVPL and SCHD share 0 holdings out of 101 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MVPL or SCHD?
MVPL has an expense ratio of 1.72% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $166 per year of difference.
Which performed better, MVPL or SCHD?
Over the past year MVPL returned +38.34% vs +31.38% for SCHD, so MVPL leads on 1-year performance. Over the longest common window we track (2 years), MVPL annualized +31.15% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, MVPL or SCHD?
MVPL has been the more volatile fund at 21.7% annualized versus 13.6% for SCHD. Worst drawdown: MVPL -25.7% vs SCHD -33.4%.
Should I hold both MVPL and SCHD?
MVPL and SCHD have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MVPL and SCHD?
MVPL and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, MVPL or SCHD?
MVPL yields 0.94% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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