MVPA vs. BAMU

Last updated Jun 26, 2026

MVPA (Miller Value Partners Appreciation ETF) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - MVPA is a Global Equities fund actively managed by Miller, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. Both are actively managed. Over the past year, MVPA returned -2.65% vs 2.91% for BAMU. At a 0.05 correlation, their price movements are largely independent. MVPA charges 0.60%/yr vs 1.09%/yr for BAMU.

Performance

MVPA vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Miller Value Partners Appreciation ETF (MVPA) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVPA achieves a -0.81% return, which is significantly lower than BAMU's 1.24% return.

MVPA

• 1D: -1.01%
• 1M: 0.21%
• YTD: -0.81%
• 6M: -3.11%
• 1Y: -2.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAMU

• 1D: 0.04%
• 1M: 0.22%
• YTD: 1.24%
• 6M: 1.31%
• 1Y: 2.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVPA vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MVPA Miller Value Partners Appreciation ETF	-0.81%	-2.92%	39.11%
BAMU Brookstone Ultra-Short Bond ETF	1.24%	3.21%	3.85%

Correlation

The correlation between MVPA and BAMU is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.05

The correlation between MVPA and BAMU shifts across timeframes, from -0.07 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MVPA vs. BAMU — Risk / Return Rank

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

MVPA

MVPA Risk / Return Rank: 8
MVPA Sharpe Ratio Rank: 8
MVPA Sortino Ratio Rank: 7
MVPA Omega Ratio Rank: 7
MVPA Calmar Ratio Rank: 8
MVPA Martin Ratio Rank: 8

BAMU

BAMU Risk / Return Rank: 99
BAMU Sharpe Ratio Rank: 98
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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.

MVPA vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Miller Value Partners Appreciation ETF (MVPA) and Brookstone Ultra-Short Bond ETF (BAMU). 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.

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	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	5.01	-5.15
Sortino ratio: Return per unit of downside risk	-0.07	8.84	-8.91
Omega ratio: Gain probability vs. loss probability	0.99	2.43	-1.44
Calmar ratio: Return relative to maximum drawdown	-0.18	24.72	-24.90
Martin ratio: Return relative to average drawdown	-0.37	97.90	-98.26

MVPA vs. BAMU - Sharpe Ratio Comparison

The current MVPA Sharpe Ratio is -0.14, which is lower than the BAMU Sharpe Ratio of 5.01. The chart below compares the historical Sharpe Ratios of MVPA and BAMU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MVPA vs. BAMU - Drawdown Comparison

The maximum MVPA drawdown since its inception was -25.91%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for MVPA and BAMU.

Drawdown Indicators

	MVPA	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-25.91%	-0.36%	-25.55%
Max Drawdown (1Y) Largest decline over 1 year	-15.15%	-0.12%	-15.03%
Current Drawdown Current decline from peak	-10.73%	0.00%	-10.73%
Average Drawdown Average peak-to-trough decline	-7.38%	-0.02%	-7.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.26%	0.03%	+7.23%

Volatility

MVPA vs. BAMU - Volatility Comparison

Miller Value Partners Appreciation ETF (MVPA) has a higher volatility of 5.00% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.09%. This indicates that MVPA's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVPA	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	0.09%	+4.91%
Volatility (6M) Calculated over the trailing 6-month period	14.07%	0.39%	+13.68%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	0.58%	+18.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.92%	0.86%	+22.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.92%	0.86%	+22.06%

MVPA vs. BAMU - Expense Ratio Comparison

MVPA has a 0.60% expense ratio, which is lower than BAMU's 1.09% expense ratio.

Dividends

MVPA vs. BAMU - Dividend Comparison

MVPA's dividend yield for the trailing twelve months is around 0.56%, less than BAMU's 3.05% yield.

Position	TTM	2025	2024	2023
BAMU Brookstone Ultra-Short Bond ETF	3.05%	3.20%	3.97%	0.84%
MVPA Miller Value Partners Appreciation ETF	0.56%	0.56%	0.94%	0.00%

Frequently Asked Questions

Can I hold both MVPA and BAMU in my portfolio?

MVPA and BAMU have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MVPA or BAMU?

MVPA has higher volatility (5.00%) compared to BAMU (0.09%). In terms of maximum drawdown, MVPA dropped -25.91% vs BAMU's -0.36%.

Which ETF is better, MVPA or BAMU?

On 1-year performance, BAMU leads with 2.91% vs -2.65% for MVPA. On fees, MVPA is cheaper at 0.60% per year. On volatility, BAMU has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVPA or BAMU?

Over the 1-year period, BAMU has performed better with a 2.91% return vs -2.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVPA or BAMU?

MVPA is cheaper with a 0.60% expense ratio, compared with 1.09% for BAMU.

Which ETF pays a higher dividend yield, MVPA or BAMU?

BAMU has the higher dividend yield at 3.05%, compared with 0.56% for MVPA.

What is the main difference between MVPA and BAMU?

MVPA is categorized as Global Equities, while BAMU is Ultrashort Bond. They also come from different issuers: Miller and Brookstone. Their fees differ too: 0.60% for MVPA and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (5.01 vs -0.14), 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.