BMVP vs. MVCAX

Last updated Jun 6, 2026

BMVP (Invesco Bloomberg MVP Multi-factor ETF) and MVCAX (MFS Mid Cap Value Fund) are both funds - BMVP is a Mid Cap Blend Equities fund tracking the Bloomberg MVP Index, while MVCAX is a Mid Cap Value Equities fund managed by MFS. Over the past 10 years, BMVP returned 9.36%/yr vs 9.75%/yr for MVCAX. Their correlation of 0.87 suggests significant overlap in exposure. BMVP charges 0.29%/yr vs 1.02%/yr for MVCAX.

Performance

BMVP vs. MVCAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg MVP Multi-factor ETF (BMVP) and MFS Mid Cap Value Fund (MVCAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMVP achieves a 6.50% return, which is significantly lower than MVCAX's 9.44% return. Both investments have delivered pretty close results over the past 10 years, with BMVP having a 9.36% annualized return and MVCAX not far ahead at 9.75%.

BMVP

• 1D: -0.12%
• 1M: 1.10%
• YTD: 6.50%
• 6M: 6.17%
• 1Y: 10.18%
• 3Y*: 13.68%
• 5Y*: 6.23%
• 10Y*: 9.36%

MVCAX

• 1D: 0.77%
• 1M: 1.45%
• YTD: 9.44%
• 6M: 9.31%
• 1Y: 18.66%
• 3Y*: 13.98%
• 5Y*: 7.67%
• 10Y*: 9.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMVP vs. MVCAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMVP Invesco Bloomberg MVP Multi-factor ETF	6.50%	6.15%	17.46%	19.03%	-16.01%	19.38%	8.52%	13.47%	-6.40%	20.16%
MVCAX MFS Mid Cap Value Fund	9.44%	6.09%	13.57%	12.51%	-8.96%	30.43%	4.03%	30.57%	-11.69%	13.37%

Correlation

The correlation between BMVP and MVCAX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 2, 2003	0.87

The correlation between BMVP and MVCAX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

Return for Risk

BMVP vs. MVCAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMVP

BMVP Risk / Return Rank: 31
BMVP Sharpe Ratio Rank: 31
BMVP Sortino Ratio Rank: 30
BMVP Omega Ratio Rank: 28
BMVP Calmar Ratio Rank: 33
BMVP Martin Ratio Rank: 34

MVCAX

MVCAX Risk / Return Rank: 27
MVCAX Sharpe Ratio Rank: 25
MVCAX Sortino Ratio Rank: 27
MVCAX Omega Ratio Rank: 24
MVCAX Calmar Ratio Rank: 30
MVCAX Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMVP vs. MVCAX - Risk-Adjusted Trends 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.

	BMVP	MVCAX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.38	-0.33
Sortino ratio: Return per unit of downside risk	1.57	2.06	-0.49
Omega ratio: Gain probability vs. loss probability	1.18	1.24	-0.06
Calmar ratio: Return relative to maximum drawdown	1.58	1.97	-0.38
Martin ratio: Return relative to average drawdown	4.85	6.70	-1.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BMVP vs. MVCAX - Sharpe Ratio Comparison

The current BMVP Sharpe Ratio is 1.05, which is comparable to the MVCAX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of BMVP and MVCAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BMVP	MVCAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.38	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.45	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.51	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.45	-0.34

Drawdowns

BMVP vs. MVCAX - Drawdown Comparison

The maximum BMVP drawdown since its inception was -78.13%, which is greater than MVCAX's maximum drawdown of -60.41%. Use the drawdown chart below to compare losses from any high point for BMVP and MVCAX.

Drawdown Indicators

	BMVP	MVCAX	Difference
Max Drawdown Largest peak-to-trough decline	-78.13%	-60.41%	-17.72%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-9.39%	+2.94%
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	-21.05%	+5.93%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-21.05%	-5.53%
Max Drawdown (10Y) Largest decline over 10 years	-39.45%	-42.79%	+3.34%
Current Drawdown Current decline from peak	-1.77%	0.00%	-1.77%
Average Drawdown Average peak-to-trough decline	-36.20%	-8.13%	-28.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.75%	-0.65%

Volatility

BMVP vs. MVCAX - Volatility Comparison

The current volatility for Invesco Bloomberg MVP Multi-factor ETF (BMVP) is 2.23%, while MFS Mid Cap Value Fund (MVCAX) has a volatility of 3.40%. 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.

Volatility by Period

	BMVP	MVCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.23%	3.40%	-1.17%
Volatility (6M) Calculated over the trailing 6-month period	7.22%	9.71%	-2.49%
Volatility (1Y) Calculated over the trailing 1-year period	9.74%	13.39%	-3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	17.24%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	19.26%	-0.46%

BMVP vs. MVCAX - Expense Ratio Comparison

BMVP has a 0.29% expense ratio, which is lower than MVCAX's 1.02% expense ratio.

Dividends

BMVP vs. MVCAX - Dividend Comparison

BMVP's dividend yield for the trailing twelve months is around 1.67%, less than MVCAX's 7.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMVP Invesco Bloomberg MVP Multi-factor ETF	1.67%	1.77%	1.58%	1.67%	1.51%	0.56%	1.09%	0.95%	1.44%	1.75%	1.35%	1.02%
MVCAX MFS Mid Cap Value Fund	7.50%	8.21%	10.99%	2.73%	5.22%	5.70%	0.80%	2.03%	6.36%	3.36%	0.07%	4.59%

Frequently Asked Questions

Can I hold both BMVP and MVCAX in my portfolio?

BMVP and MVCAX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMVP or MVCAX?

MVCAX has higher volatility (3.40%) compared to BMVP (2.23%). In terms of maximum drawdown, BMVP dropped -78.13% vs MVCAX's -60.41%.

Which has better risk-adjusted returns?

MVCAX currently has the higher Sharpe Ratio (1.38 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.