Correlation
The correlation between BMVP and MVCAX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
BMVP vs. MVCAX
Compare and contrast key facts about Invesco Bloomberg MVP Multi-factor ETF (BMVP) and MFS Mid Cap Value Fund (MVCAX).
BMVP is a passively managed fund by Invesco that tracks the performance of the Bloomberg MVP Index. It was launched on May 1, 2003. MVCAX is managed by MFS. It was launched on Aug 31, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMVP or MVCAX.
Performance
BMVP vs. MVCAX - Performance Comparison
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Key characteristics
BMVP:
0.88
MVCAX:
0.22
BMVP:
1.25
MVCAX:
0.41
BMVP:
1.17
MVCAX:
1.05
BMVP:
0.82
MVCAX:
0.17
BMVP:
2.75
MVCAX:
0.53
BMVP:
4.51%
MVCAX:
6.84%
BMVP:
15.03%
MVCAX:
18.71%
BMVP:
-52.66%
MVCAX:
-59.47%
BMVP:
-4.48%
MVCAX:
-9.38%
Returns By Period
In the year-to-date period, BMVP achieves a 3.12% return, which is significantly higher than MVCAX's -2.12% return. Both investments have delivered pretty close results over the past 10 years, with BMVP having a 8.04% annualized return and MVCAX not far behind at 8.02%.
BMVP
3.12%
3.35%
-4.48%
11.30%
12.97%
12.19%
8.04%
MVCAX
-2.12%
5.07%
-9.28%
2.72%
6.18%
13.46%
8.02%
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BMVP vs. MVCAX - Expense Ratio Comparison
BMVP has a 0.29% expense ratio, which is lower than MVCAX's 1.02% expense ratio.
Risk-Adjusted Performance
BMVP vs. MVCAX — Risk-Adjusted Performance Rank
BMVP
MVCAX
BMVP vs. MVCAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg MVP Multi-factor ETF (BMVP) and MFS Mid Cap Value Fund (MVCAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
BMVP vs. MVCAX - Dividend Comparison
BMVP's dividend yield for the trailing twelve months is around 1.74%, less than MVCAX's 11.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMVP Invesco Bloomberg MVP Multi-factor ETF | 1.74% | 1.58% | 1.67% | 1.51% | 0.56% | 1.09% | 0.95% | 1.44% | 1.75% | 1.35% | 1.02% | 0.82% |
MVCAX MFS Mid Cap Value Fund | 11.22% | 10.99% | 2.73% | 5.22% | 5.70% | 0.80% | 2.03% | 6.36% | 3.36% | 1.18% | 4.59% | 6.61% |
Drawdowns
BMVP vs. MVCAX - Drawdown Comparison
The maximum BMVP drawdown since its inception was -52.66%, smaller than the maximum MVCAX drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for BMVP and MVCAX.
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Volatility
BMVP vs. MVCAX - Volatility Comparison
The current volatility for Invesco Bloomberg MVP Multi-factor ETF (BMVP) is 3.35%, while MFS Mid Cap Value Fund (MVCAX) has a volatility of 5.33%. This indicates that BMVP experiences smaller price fluctuations and is considered to be less risky than MVCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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