MVPL vs VOO
Miller Value Partners Leverage ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. MVPL delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MVPL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.72% | 0.03% | |
| AUM | $24M | $979.0B | |
| Dividend Yield | 0.94% | 1.09% | |
| Holdings | 2 | 509 | |
| YTD Return | +23.21% | +13.44% | |
| 1Y Return | +36.03% | +22.62% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 21.6% | 14.1% | |
| Max Drawdown | -25.7% | -34.3% | |
| Fund Family | Miller Value Funds | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 28, 2024 | Sep 7, 2010 |
MVPL vs VOO Performance
Miller Value Partners Leverage ETF (MVPL) is a ETF from Miller Value Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MVPL returned +36.03% while VOO returned +22.62%. Year to date, MVPL is up 23.21% versus a gain of 13.44% for VOO.
Risk: Volatility and Drawdowns
MVPL has been the more volatile fund, with annualized monthly volatility of 21.6% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.99. 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 VOO charges 0.03%. On a $10,000 position that is $172 vs $3 annually, a gap of $169 per year that compounds over a long holding period. On income, MVPL currently yields 0.94% against 1.09% for VOO.
Holdings Overlap
MVPL and VOO share 0 holdings out of 506 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 VOO?
MVPL has an expense ratio of 1.72% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $169 per year of difference.
Which performed better, MVPL or VOO?
Over the past year MVPL returned +36.03% vs +22.62% for VOO, so MVPL leads on 1-year performance. Over the longest common window we track (3 years), MVPL annualized +30.55% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, MVPL or VOO?
MVPL has been the more volatile fund at 21.6% annualized versus 14.1% for VOO. Worst drawdown: MVPL -25.7% vs VOO -34.3%.
Should I hold both MVPL and VOO?
MVPL and VOO have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between MVPL and VOO?
MVPL and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, MVPL or VOO?
MVPL yields 0.94% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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