SPYvsMVPLETF Comparison
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State Street SPDR S&P 500 ETF Trust (SPY) belongs to the US Large Cap segment. Miller Value Partners Leverage ETF (MVPL) is part of the Alternatives segment. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. SPY is less expensive with a Total Expense Ratio (TER) of 0.0945%, versus 1.39% for MVPL. SPY is up 4.61% year-to-date (YTD) with -$13.90B in YTD flows. MVPL performs better with 7.24% YTD performance, and +$352K in YTD flows. Run a side-by-side ETF comparison of SPY and MVPL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SPY vs MVPL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPY MVPL | +12.55%+17.90% | +2.68%+3.97% | +4.61%+7.24% | +29.78%+49.33% | +77.82%n/a | +81.38%n/a |
| Flows | SPY MVPL | +$14.37B- | -$2.05B+$352K | -$13.90B+$352K | -$5.20B+$11M | +$52.51B- | +$73.39B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPY MVPL | +15.24%+22.87% | +12.44%+21.94% | +14.90%n/a | +16.92%n/a |
| Max drawdown | SPY MVPL | -8.87%-12.16% | -8.89%-12.70% | -18.74%n/a | -24.50%n/a |
| Max drawdown duration | SPY MVPL | 70d71d | 76d168d | 126dn/a | 708dn/a |
Trading data
SPY | MVPL | |
Last sale 4/30/2026 at 1:30 PM | $718.66 | $39.62 |
| Previous close 04/29/2026 | $711.58 | $38.76 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 29, 2026
1-year trailing difference
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MVPL
is actively managed and doesn’t replicate an indexSPY | MVPL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/30/2026 at 1:30 PM
Live
Closed
SPY | MVPL | |
|---|---|---|
| Last price | $718.66 | $39.62 |
| 1D performance | +0.99% | +2.21% |
| AuM | $728.37 B | $22.51 M |
| E/R | 0.0945% | 1.39% |
Characteristics
SPY | MVPL | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | Miller Value Funds |
| Benchmark | S&P 500 Index | - |
| N° of holdings | 478 | 478 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 22, 1993 | February 28, 2024 |
| ESG | No | No |
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Exposure
Countries
SPY
USA
96.95%
Other
3.05%
MVPL
USA
96.4%
Other
3.6%
Sectors
SPY
Information Techn.
33.93%
Financials
10.39%
Communication Ser.
10.23%
Consumer Discreti.
10.01%
Health Care
9.32%
Industrials
8.33%
Other
17.78%
MVPL
Information Techn.
33.74%
Financials
10.33%
Communication Ser.
10.17%
Consumer Discreti.
9.96%
Health Care
9.27%
Industrials
8.28%
Other
18.25%
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Diversification
SPY
Total weight of top 15 holdings out of 15
42.5%
MVPL
Total weight of top 15 holdings out of 15
42.26%
Top 15 holdings
Data as of March 31, 2026
SPY
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.91%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.42%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
MVPL
NVIDIA
7.53%
APPLE
6.62%
MICROSOFT-T
4.89%
AMAZON.COM INC
3.62%
ALPHABET INC-CL
2.98%
BROADCOM LIMITED
2.61%
ALPHABET INC-CL
2.39%
META PLATFORMS
2.22%
TESLA
1.86%
BERKSHIRE HATHWAY
1.56%
JPMORGAN CHASE
1.41%
LILLY
1.30%
EXXON
1.26%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about SPY and MVPL
How have the SPY and MVPL ETFs performed in 2026?
As of April 29, 2026, SPY is up 4.61% year-to-date (YTD), while MVPL has returned 7.24%. That puts MVPL better performer ahead so far this year.
Which ETF is attracting more investor money: SPY or MVPL?
Year-to-date, the SPY ETF saw -$13.90B in flows, compared to +$352K for MVPL.
Which ETF is more volatile: SPY or MVPL?
Over the past year, SPY had a volatility of 12.44%, while MVPL experienced 21.94%.
Which ETF is bigger: SPY or MVPL?
As of April 29, 2026, SPY holds $728.37 B in assets under management (AUM), while MVPL manages $22.51 M.
What sectors do the SPY and MVPL ETFs invest in?
SPY leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, MVPL focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the SPY ETF and MVPL ETF?
SPY top holdings include NVIDIA, APPLE and MICROSOFT-T. MVPL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPY or MVPL?
SPY holds 502 securities with 42.5% of its assets in the top 15. MVPL has 502 securities and a top 15 weight of 42.26%.
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