- Issuer
- Miller
- Inception Date
- Feb 27, 2024
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $22M
Share Price Chart
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Performance
MVPL Performance Chart
Miller Value Partners Leverage ETF (MVPL) is up 16.2% since the beginning of the year. MVPL is currently trading at $42 per share.
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Returns By Period
Miller Value Partners Leverage ETF (MVPL) has returned 16.19% so far this year and 44.75% over the past 12 months.
Miller Value Partners Leverage ETF
- 1D
- -0.92%
- 1M
- -0.55%
- YTD
- 16.19%
- 6M
- 15.20%
- 1Y
- 44.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MVPL Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 2024, MVPL's average daily return is +0.12%, while the average monthly return is +2.27%. At this rate, an investment would double in approximately 2.6 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +17.0%, while the worst month was Mar 2025 at -9.9%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MVPL closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +9.7%, while the worst single day was Apr 4, 2025 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.08% | -2.25% | -6.57% | 16.97% | 10.14% | -3.27% | 16.19% | ||||||
| 2025 | 4.89% | -3.58% | -9.85% | -1.08% | 10.17% | 9.80% | 3.63% | 3.41% | 6.98% | 2.87% | -2.17% | -0.15% | 25.67% |
| 2024 | 1.20% | 5.59% | -8.64% | 8.86% | 6.88% | 1.54% | 4.04% | 3.45% | -2.82% | 9.50% | -5.83% | 24.41% |
Benchmark Metrics
Miller Value Partners Leverage ETF has an annualized alpha of 1.96%, beta of 1.51, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since February 28, 2024.
- This ETF captured 196.50% of S&P 500 Index gains and 171.50% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Beta of 1.51 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 1.96%
- Beta
- 1.51
- R²
- 0.89
- Upside Capture
- 196.50%
- Downside Capture
- 171.50%
Expense Ratio
MVPL has a high expense ratio of 1.72%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MVPL ranks 62 for risk / return — better than 62% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Miller Value Partners Leverage ETF (MVPL) 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.
| MVPL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.78 | +0.76 |
| Martin ratioReturn relative to average drawdown | 11.46 | 12.44 | -0.98 |
Dividends
Dividend History
Miller Value Partners Leverage ETF provided a 0.94% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.40 | $0.40 | $2.07 |
Dividend yield | 0.94% | 1.10% | 7.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Miller Value Partners Leverage 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2024 | $2.07 | $2.07 |
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 Leverage 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 Leverage ETF was 25.68%, occurring on Apr 8, 2025. Recovery took 56 trading sessions.
The current Miller Value Partners Leverage ETF drawdown is 3.97%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -25.68%Apr 2025 | 1mo 17d | 2mo 23d | 4mo 10dFeb 2025 - Jun 2025 |
2024 correction2024 | -14.98%Aug 2024 | 20d | 1mo 14d | 2mo 4dJul 2024 - Sep 2024 |
2026 correction2026 | -12.68%Mar 2026 | 5mo 2d | 17d | 5mo 19dOct 2025 - Apr 2026 |
2024 correction2024 | -11.12%Apr 2024 | 18d | 26d | 1mo 14dApr 2024 - May 2024 |
2025 pullback2025 | -9.07%Jan 2025 | 1mo 2d | 1mo 10d | 2mo 12dDec 2024 - Feb 2025 |
Drawdown Indicators
| MVPL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.68% | -56.78% | +31.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -9.10% | -3.58% |
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 | -3.97% | -1.80% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -10.71% | +6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 2.03% | +1.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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