MVPA vs. IBIC
MVPA (Miller Value Partners Appreciation ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - MVPA is a Global Equities fund actively managed by Miller, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. MVPA is actively managed, while IBIC is passively managed. Over the past year, MVPA returned -2.65% vs 4.40% for IBIC. At a correlation of -0.07, they often move in opposite directions. MVPA charges 0.60%/yr vs 0.10%/yr for IBIC.
Performance
MVPA vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, MVPA achieves a -0.81% return, which is significantly lower than IBIC's 2.37% return.
MVPA
- 1D
- -1.01%
- 1M
- 0.21%
- YTD
- -0.81%
- 6M
- -3.11%
- 1Y
- -2.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.08%
- YTD
- 2.37%
- 6M
- 2.39%
- 1Y
- 4.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVPA vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MVPA Miller Value Partners Appreciation ETF | -0.81% | -2.92% | 39.11% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.96% | 4.92% |
Correlation
The correlation between MVPA and IBIC is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024 | -0.07 |
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Return for Risk
MVPA vs. IBIC — Risk / Return Rank
MVPA
IBIC
MVPA vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Miller Value Partners Appreciation ETF (MVPA) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.09 | ||
| Sortino ratioReturn per unit of downside risk | -8.94 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.21 | -1.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 16.49 | -16.66 |
| Martin ratioReturn relative to average drawdown | -0.37 | 57.44 | -57.80 |
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Drawdowns
MVPA vs. IBIC - Drawdown Comparison
The maximum MVPA drawdown since its inception was -25.91%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for MVPA and IBIC.
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Drawdown Indicators
| MVPA | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.91% | -0.90% | -25.01% |
Max Drawdown (1Y)Largest decline over 1 year | -15.15% | -0.27% | -14.88% |
Current DrawdownCurrent decline from peak | -10.73% | -0.14% | -10.59% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -0.10% | -7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 0.08% | +7.18% |
Volatility
MVPA vs. IBIC - Volatility Comparison
Miller Value Partners Appreciation ETF (MVPA) has a higher volatility of 5.00% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.19%. This indicates that MVPA's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVPA | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 0.19% | +4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 14.07% | 0.67% | +13.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 0.89% | +17.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 1.56% | +21.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.92% | 1.56% | +21.36% |
MVPA vs. IBIC - Expense Ratio Comparison
MVPA has a 0.60% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
MVPA vs. IBIC - Dividend Comparison
MVPA's dividend yield for the trailing twelve months is around 0.56%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
MVPA Miller Value Partners Appreciation ETF | 0.56% | 0.56% | 0.94% | 0.00% |
Frequently Asked Questions
MVPA and IBIC have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVPA has higher volatility (5.00%) compared to IBIC (0.19%). In terms of maximum drawdown, MVPA dropped -25.91% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.40% vs -2.65% for MVPA. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.40% return vs -2.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.60% for MVPA.
IBIC has the higher dividend yield at 3.59%, compared with 0.56% for MVPA.
MVPA is categorized as Global Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Miller and iShares. Their fees differ too: 0.60% for MVPA and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.95 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.
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