DIVZ vs MVPA
Polen Dividend Income ETF vs Miller Value Partners Appreciation ETF
Which is better, DIVZ or MVPA?
Each has led over a different period.
MVPA has a lower expense ratio. DIVZ led over 1Y, MVPA over the full window. DIVZ is less concentrated, with 49.2% of the fund in its ten largest positions against 50.0%.
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 | DIVZ | MVPA |
|---|---|---|
| Expense Ratio | 0.65% | 0.60%Best |
| AUM | $304M | $70M |
| Dividend Yield | 2.66% | 0.54% |
| Holdings | 58 | 38 |
| Volatility (annualized) | 10.9%Best | 25.9% |
| Max Drawdown | -9.3%Best | -25.9% |
| $10,000 over 1.4 years | $12,936 | $13,607Best |
| Top 10 Weight | 49.2%Best | 50.0% |
| Fund Family | TrueShares | Miller Value Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 27, 2021 | Jan 30, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 488 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DIVZ has data through Jun 13, 2025 and MVPA through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Jan 31, 2024 to Jun 13, 2025 (1.4 years).
Risk: Volatility and Drawdowns
MVPA has been the more volatile fund, with annualized monthly volatility of 25.9% compared with 10.9% for DIVZ. 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 -9.3% for DIVZ and -25.9% for MVPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DIVZ charges 0.65% per year while MVPA charges 0.60%. On a $10,000 position that is $65 vs $60 annually, a gap of $5 per year that compounds over a long holding period. On income, DIVZ currently yields 2.66% against 0.54% for MVPA.
Holdings Overlap
2.0% of DIVZ's money is in holdings MVPA also owns. 4.0% of MVPA's money is in holdings DIVZ also owns.
MVPA and DIVZ share little of their money.
1 positions in common, counted across the 30 positions we hold weights for in DIVZ and 35 in MVPA, against full books of 58 and 38.
What only one of them owns
Measured across the 30 and 35 positions we hold weights for.
DIVZ holds 28 positions MVPA does not, 95.2% of the fund.
Largest: PM 6.20%, VZ 5.83%, MPLX 5.77%, UNH 5.40%, CVX 4.92%
Top Shared Holdings
| Stock | Weight in DIVZ | Weight in MVPA | Difference |
|---|---|---|---|
| UPSUnited Parcel Service, Inc | 2.04% | 4.04% | 2.00% |
You are not choosing between two funds in isolation.
Whichever of DIVZ and MVPA 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, DIVZ or MVPA?
DIVZ has an expense ratio of 0.65% while MVPA charges 0.60%. MVPA is the cheaper option, by $5 a year on a $10,000 investment.
Which is riskier, DIVZ or MVPA?
MVPA has been the more volatile fund at 25.9% annualized versus 10.9% for DIVZ. Worst drawdown: DIVZ -9.3% vs MVPA -25.9%.
Should I hold both DIVZ and MVPA?
DIVZ and MVPA have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DIVZ and MVPA?
4.0% of MVPA's money is in holdings DIVZ also owns. 4.0% of MVPA's is in holdings DIVZ also owns. They hold 1 positions in common, counted across the 30 positions we hold weights for in DIVZ and 35 in MVPA.
Which pays a higher dividend, DIVZ or MVPA?
DIVZ yields 2.66% while MVPA yields 0.54%, so DIVZ currently pays the higher dividend yield.
Is MVPA better than DIVZ?
MVPA has a lower expense ratio. DIVZ led over 1Y, MVPA over the full window. DIVZ is less concentrated, with 49.2% of the fund in its ten largest positions against 50.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.