MVPL vs SPY
Miller Value Partners Leverage ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MVPL or SPY?
Leverage Strategy against Large Cap Blend.
SPY has a lower expense ratio. MVPL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99.
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 | SPY |
|---|---|---|
| Expense Ratio | 1.72% | 0.09%Best |
| AUM | $32M | $804.7B |
| Dividend Yield | 0.90% | 0.98% |
| Holdings | 2 | 505 |
| YTD Return | +20.08%Best | +12.22% |
| 1Y Return | +23.79%Best | +16.97% |
| 3Y Return (annualized) | - | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 21.4% | 12.0%Best |
| Max Drawdown | -25.7% | -18.8%Best |
| $10,000 over 2.6 years | $18,953Best | $15,647 |
| Fund Family | Miller Value Funds | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Leverage Strategy | Large Cap Blend |
| Inception | Feb 28, 2024 | Jan 22, 1993 |
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 SPY 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 SPY Performance
Miller Value Partners Leverage ETF (MVPL) is an ETF from Miller Value Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MVPL returned +23.79% while SPY returned +16.97%. Year to date, MVPL is up 20.08% versus a gain of 12.22% for SPY.
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 12.0% for SPY. 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. 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 SPY charges 0.09%. On a $10,000 position that is $172 vs $9 annually, a gap of $163 per year that compounds over a long holding period. On income, MVPL currently yields 0.90% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in MVPL and 504 in SPY, 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 504 in SPY, against full books of 2 and 505.
You are not choosing between two funds in isolation.
Whichever of MVPL and SPY 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 SPY?
MVPL has an expense ratio of 1.72% while SPY charges 0.09%. SPY is the cheaper option, by $163 a year on a $10,000 investment.
Which performed better, MVPL or SPY?
Over the past year MVPL returned +23.79% vs +16.97% for SPY, 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 SPY?
MVPL has been the more volatile fund at 21.4% annualized versus 12.0% for SPY. Worst drawdown: MVPL -25.7% vs SPY -18.8%.
Should I hold both MVPL and SPY?
MVPL and SPY have a monthly-return correlation of 0.99, 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 SPY?
MVPL yields 0.90% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than MVPL?
SPY has a lower expense ratio. MVPL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.