MVPA vs. FIXT

Last updated Jun 4, 2026

MVPA (Miller Value Partners Appreciation ETF) and FIXT (Procure Disaster Recovery Strategy ETF) are both Global Equities funds. MVPA is actively managed, while FIXT is passively managed. At a 0.28 correlation, their price movements are largely independent. MVPA charges 0.60%/yr vs 0.75%/yr for FIXT.

Performance

MVPA vs. FIXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Miller Value Partners Appreciation ETF (MVPA) and Procure Disaster Recovery Strategy ETF (FIXT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVPA achieves a -2.87% return, which is significantly lower than FIXT's 0.23% return.

MVPA

• 1D: -1.85%
• 1M: -4.89%
• YTD: -2.87%
• 6M: -4.30%
• 1Y: -2.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIXT

• 1D: -0.24%
• 1M: 0.27%
• YTD: 0.23%
• 6M: 0.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVPA vs. FIXT - Yearly Performance Comparison

	2026 (YTD)	2025
MVPA Miller Value Partners Appreciation ETF	-2.87%	-0.38%
FIXT Procure Disaster Recovery Strategy ETF	0.23%	4.58%

Correlation

The correlation between MVPA and FIXT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.28

MVPA vs. FIXT - Sectors Allocation Comparison

Sectors	MVPA	FIXT
Consumer Cyclical	31.4%	-
Financial Services	21.9%	-
Industrials	14.4%	-
Energy	12.4%	-
Communication Services	6.4%	-
Technology	5.3%	-
Real Estate	3.7%	-
Healthcare	2.5%	100.0%
Consumer Defensive	2.0%	-
Basic Materials	-	-
Utilities	-	-

Return for Risk

MVPA vs. FIXT — Risk / Return Rank

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

MVPA

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

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. FIXT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Miller Value Partners Appreciation ETF (MVPA) and Procure Disaster Recovery Strategy ETF (FIXT). 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.

	MVPA	FIXT	Difference
Sharpe ratio Return per unit of total volatility	-0.15	—	—
Sortino ratio Return per unit of downside risk	-0.09	—	—
Omega ratio Gain probability vs. loss probability	0.99	—	—
Calmar ratio Return relative to maximum drawdown	-0.19	—	—
Martin ratio Return relative to average drawdown	-0.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MVPA	FIXT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.34	-0.78

Drawdowns

MVPA vs. FIXT - Drawdown Comparison

The maximum MVPA drawdown since its inception was -25.91%, which is greater than FIXT's maximum drawdown of -3.02%. Use the drawdown chart below to compare losses from any high point for MVPA and FIXT.

Drawdown Indicators

	MVPA	FIXT	Difference
Max Drawdown Largest peak-to-trough decline	-25.91%	-3.02%	-22.89%
Max Drawdown (1Y) Largest decline over 1 year	-15.15%	—	—
Current Drawdown Current decline from peak	-12.59%	-1.88%	-10.71%
Average Drawdown Average peak-to-trough decline	-7.29%	-0.71%	-6.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.95%	—	—

Volatility

Volatility by Period

	MVPA	FIXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	3.77%	+14.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.06%	3.77%	+19.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.06%	3.77%	+19.29%

MVPA vs. FIXT - Expense Ratio Comparison

MVPA has a 0.60% expense ratio, which is lower than FIXT's 0.75% expense ratio.

Dividends

MVPA vs. FIXT - Dividend Comparison

MVPA's dividend yield for the trailing twelve months is around 0.58%, less than FIXT's 5.55% yield.

Position	TTM	2025	2024
FIXT Procure Disaster Recovery Strategy ETF	5.55%	3.24%	0.00%
MVPA Miller Value Partners Appreciation ETF	0.58%	0.56%	0.94%

Frequently Asked Questions

Can I hold both MVPA and FIXT in my portfolio?

MVPA and FIXT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVPA or FIXT?

On fees, MVPA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVPA or FIXT?

MVPA is cheaper with a 0.60% expense ratio, compared with 0.75% for FIXT.

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

FIXT has the higher dividend yield at 5.55%, compared with 0.58% for MVPA.

What is the main difference between MVPA and FIXT?

They also come from different issuers: Miller and Procure. Their fees differ too: 0.60% for MVPA and 0.75% for FIXT.