MVPA vs PFIX
Miller Value Partners Appreciation ETF vs Simplify Interest Rate Hedge ETF
Which is better, MVPA or PFIX?
PFIX has been ahead.
PFIX has a lower expense ratio. PFIX led over 1Y and the full window.
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 | MVPA | PFIX |
|---|---|---|
| Expense Ratio | 0.60% | 0.50%Best |
| AUM | $70M | $226M |
| Dividend Yield | 0.54% | 5.54% |
| Holdings | 38 | 30 |
| YTD Return | +4.30% | +25.43%Best |
| 1Y Return | +3.34% | +40.67%Best |
| 3Y Return (annualized) | - | +8.81% |
| 5Y Return (annualized) | - | +27.26% |
| Volatility (annualized) | 21.5%Best | 34.9% |
| Max Drawdown | -25.9%Best | -30.9% |
| $10,000 over 2.7 years | $14,339 | $16,104Best |
| Fund Family | Miller Value Funds | Simplify Exchange Traded Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 30, 2024 | May 10, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 31, 2024 to Oct 14, 2026 (2.7 years).
MVPA vs PFIX 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 2.7 years both funds cover.
MVPA vs PFIX Performance
Miller Value Partners Appreciation ETF (MVPA) is an ETF from Miller Value Funds and Simplify Interest Rate Hedge ETF (PFIX) is an ETF from Simplify Exchange Traded Funds. Over the past year MVPA returned +3.34% while PFIX returned +40.67%. Year to date, MVPA is up 4.30% versus a gain of 25.43% for PFIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PFIX has been the more volatile fund, with annualized monthly volatility of 34.9% compared with 21.5% for MVPA. 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 -25.9% for MVPA and -30.9% for PFIX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.07. They move largely independently of each other.
Fees and Cost Over Time
MVPA charges 0.60% per year while PFIX charges 0.50%. On a $10,000 position that is $60 vs $50 annually, a gap of $10 per year that compounds over a long holding period. On income, MVPA currently yields 0.54% against 5.54% for PFIX.
Holdings Overlap
We hold position weights for 35 holdings in MVPA and 1 in PFIX, totalling 99.7% and 14.2% 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 35 positions we hold weights for in MVPA and 1 in PFIX, against full books of 38 and 30.
What only one of them owns
Measured across the 35 and 1 positions we hold weights for.
PFIX holds 1 position MVPA does not, 14.2% of the fund.
Largest: SBIL 14.20%
You are not choosing between two funds in isolation.
Whichever of MVPA and PFIX 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, MVPA or PFIX?
MVPA has an expense ratio of 0.60% while PFIX charges 0.50%. PFIX is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, MVPA or PFIX?
Over the past year MVPA returned +3.34% vs +40.67% for PFIX, so PFIX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MVPA or PFIX?
PFIX has been the more volatile fund at 34.9% annualized versus 21.5% for MVPA. Worst drawdown: MVPA -25.9% vs PFIX -30.9%.
Should I hold both MVPA and PFIX?
MVPA and PFIX have a monthly-return correlation of -0.07, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MVPA or PFIX?
MVPA yields 0.54% while PFIX yields 5.54%, so PFIX currently pays the higher dividend yield.
Is PFIX better than MVPA?
PFIX has a lower expense ratio. PFIX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.