MVPL vs VTI
Miller Value Partners Leverage ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. MVPL delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | MVPL | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 1.72% | 0.03% | |
| AUM | $24M | $663.5B | |
| Dividend Yield | 0.94% | 1.07% | |
| Holdings | 2 | 3,543 | |
| YTD Return | +25.53% | +14.96% | |
| 1Y Return | +34.46% | +22.39% | |
| 3Y Return (annualized) | - | +21.51% | |
| 5Y Return (annualized) | - | +12.36% | |
| Volatility (annualized) | 21.8% | 15.4% | |
| Max Drawdown | -25.7% | -56.6% | |
| Fund Family | Miller Value Funds | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 28, 2024 | May 24, 2001 |
MVPL vs VTI Performance
Miller Value Partners Leverage ETF (MVPL) is a ETF from Miller Value Funds and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year MVPL returned +34.46% while VTI returned +22.39%. Year to date, MVPL is up 25.53% versus a gain of 14.96% for VTI.
Risk: Volatility and Drawdowns
MVPL has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 15.4% for VTI. 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 -56.6% for VTI. 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 0.98. 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 VTI 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 1.07% for VTI.
Holdings Overlap
MVPL and VTI share 0 holdings out of 2784 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 VTI?
MVPL has an expense ratio of 1.72% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $169 per year of difference.
Which performed better, MVPL or VTI?
Over the past year MVPL returned +34.46% vs +22.39% for VTI, so MVPL leads on 1-year performance. Over the longest common window we track (3 years), MVPL annualized +31.47% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, MVPL or VTI?
MVPL has been the more volatile fund at 21.8% annualized versus 15.4% for VTI. Worst drawdown: MVPL -25.7% vs VTI -56.6%.
Should I hold both MVPL and VTI?
MVPL and VTI have a monthly-return correlation of 0.98, 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 VTI?
MVPL and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2784 unique securities.
Which pays a higher dividend, MVPL or VTI?
MVPL yields 0.94% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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