- ISIN
- US00777X5611
- Issuer
- Miller
- Inception Date
- Jan 30, 2024
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Value
- Assets Under Management
- $68M
Highlights
- Avg. Volume (1M)
- 1K
- Avg. Volume Value (1M)
- $36.71K
Share Price Chart
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Performance
MVPA Performance Chart
Miller Value Partners Appreciation ETF (MVPA) is up 6.5% since the beginning of the year. MVPA is currently trading at $35 per share.
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Returns By Period
Miller Value Partners Appreciation ETF (MVPA) has returned 6.46% so far this year and 7.07% over the past 12 months.
Miller Value Partners Appreciation ETF
- 1D
- -0.37%
- 1M
- 4.33%
- 6M
- 5.01%
- YTD
- 6.46%
- 1Y
- 7.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.65%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MVPA Monthly Returns History
Based on dividend-adjusted daily data since Jan 31, 2024, MVPA's average daily return is +0.07%, while the average monthly return is +1.36%. At this rate, an investment would double in approximately 4.3 years.
Historically, 52% of months were positive and 48% were negative. The best month was Feb 2024 with a return of +16.8%, while the worst month was Feb 2025 at -9.1%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MVPA closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +9.9%, while the worst single day was Apr 3, 2025 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.38% | -6.72% | -0.26% | 9.32% | -3.19% | 0.96% | 5.64% | 6.46% | |||||
| 2025 | 5.19% | -9.14% | -4.72% | -2.34% | 8.08% | 4.46% | -2.48% | 4.16% | -1.04% | -2.35% | -2.13% | 0.65% | -2.92% |
| 2024 | -1.12% | 16.78% | 12.62% | -6.44% | 3.00% | -3.14% | 8.32% | -3.89% | 3.35% | 1.35% | 11.47% | -5.72% | 39.11% |
Benchmark Metrics
Miller Value Partners Appreciation ETF has an annualized alpha of -2.16%, beta of 1.07, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since January 31, 2024.
- This ETF participated in 115.20% of S&P 500 Index downside but only 97.76% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.16% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.07 and R2 of 0.55, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.16%
- Beta
- 1.07
- R²
- 0.55
- Upside Capture
- 97.76%
- Downside Capture
- 115.20%
Expense Ratio
MVPA has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MVPA ranks 17 for risk / return — above 17% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Miller Value Partners Appreciation ETF (MVPA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MVPA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.25 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 2.00 | -1.64 |
| Martin ratioReturn relative to average drawdown | 0.76 | 8.49 | -7.73 |
Dividends
Dividend History
Miller Value Partners Appreciation ETF provided a 0.53% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.32 |
Dividend yield | 0.53% | 0.56% | 0.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Miller Value Partners Appreciation ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2024 | $0.32 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Miller Value Partners Appreciation ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Miller Value Partners Appreciation ETF was 25.91%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Miller Value Partners Appreciation ETF drawdown is 4.19%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-25.91%Apr 2025 | 1mo 19d | — | 1y 5moFeb 2025 - now | 2025 selloff2025 |
-9.67%Aug 2024 | 6d | 2mo 1d | 2mo 7dAug 2024 - Oct 2024 | — |
-8.22%Apr 2024 | 20d | 3mo 15d | 4mo 5dMar 2024 - Jul 2024 | — |
-7.94%Jan 2025 | 1mo 6d | 1mo 5d | 2mo 11dDec 2024 - Feb 2025 | — |
-4.72%Mar 2024 | 1d | 3d | 3dMar 2024 - Mar 2024 | — |
Drawdown Indicators
| MVPA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.91% | -56.78% | +30.87% |
Max Drawdown (1Y)Largest decline over 1 year | -15.15% | -9.10% | -6.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.19% | -1.58% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -7.32% | -10.70% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.31% | 2.14% | +5.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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