MVPA vs WTV: Grades, Fees and Holdings Compared

Miller Value Partners Appreciation ETF

MVPAFNYSE

WisdomTree U.S. Value Fund

WTVANYSE Arca

Overlap

4.0%by weight

Expense ratio

WTV −0.48pt a year

MVPA0.60%WTV0.12%

Avg volume · 30D

WTV 178.1×the volume

MVPA940WTV167K

MVPA vs WTV Performance

Oct 31, 2025 – Oct 30, 2026

+7.3%MVPA+20.9%WTV

Expense ratio: MVPA 0.60%; WTV 0.12%, better
Fund size: MVPA $72M; WTV $3.33B
1Y total return: MVPA +7.3%; WTV +20.9%, better
Yield (12M): MVPA 0.51%; WTV 2.00%, better
Holdings: MVPA 33; WTV 126
Avg volume (30D): MVPA 940 sh; WTV 167K sh, better
NAV per share: MVPA $36.45; WTV $106.90
52W range

ETF.net Grade

Pillar letters and Scores for MVPA, WTV, with each pillar’s weight
Pillar	MVPA	WTV
Cost30% weight	D25	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	F6	B56Higher
Tradability15% weight	F11	A89Higher
Holdings10% weight	D34	A84Higher
Durability5% weight	C41	A90Higher

Rank among US Active Value funds

How we build Categories ›

Same Category. MVPA and WTV are both graded against the same 64 US Active Value funds, so their Grades compare head to head.

US Active Value⁠

Category · 64 funds

See all 64 ›

WTV ranks 1st and MVPA 62nd of 64 funds in the US Active Value Category.

Rank 1AAVLVAvantis U.S. Large Cap Value ETFScore 86
Rank 1AWTVWisdomTree U.S. Value FundScore 86
Rank 3ASEIVSEI QiM U.S. Large Cap Value Active ETFScore 85
Rank 61FZIGThe Acquirers FundScore 21
Rank 62FMVPAMiller Value Partners Appreciation ETFScore 20
Rank 63FLOPPGabelli Love Our Planet & People ETFScore 17

Our read on each fund

ETF.net Research

MVPAFMiller Value Partners Appreciation ETF

WTVAWisdomTree U.S. Value Fund

In short

MVPA A boutique stock-picker's take on value: no index to hug, just a capital-appreciation mandate and a manager's judgment, in an ETF wrapper since 2024. You pay active-manager pricing for the privilege.

WTV Most value funds shop for low price tags. WTV shops for cash coming back to shareholders: dividends plus net buybacks, filtered for quality and profitability. Actively run, priced like an index fund at 0.12%.

Stated mandate

MVPA The Fund seeks capital appreciation.

WTV The fund seeks income and capital appreciation through primarily U.S. equities selected for high total shareholder yield and favorable relative quality characteristics.

Why people hold it

MVPA Genuinely active. The stated objective is plain capital appreciation, so the manager picks stocks rather than tracking a rules-based value screen.
At 0.60%, the fee sits a whisker above the 0.55% median for active value funds. Boutique active management, priced near the middle of that pack.
Appreciation-first by design. Distributions come once or twice a year at most, not monthly. This is a growth-of-capital mandate, not an income one.

WTV Charges 0.12% a year, under a quarter of the 0.55% typical for active US value funds, and less than every same-benchmark rival in its group (JAVA 0.44%, CGVV 0.33%, TEQI 0.54%).
"Value" here means cash returned: dividend yield plus net buyback yield, with quality and profitability screens, rather than a plain low price-to-book sort.wisdomtree.com
About 160 US stocks, a multi-billion-dollar asset base, and a live track record dating to 2007. Distributions land quarterly.

Worth knowing

MVPA That 0.60% is four to five times what the top-rated systematic value funds charge (WTV at 0.12%, AVLV at 0.15%). The stock picking has to earn that gap back.
Thinly traded. Limit orders matter here, and a large order can push the price around more than it would in a household-name value ETF.
Launched in 2024, so the record is short, and price swings have run wider than those of the typical fund in its value peer group.

WTV Full equity with no downside cushion, and a value tilt that can lean into a handful of sectors. Risk is the least polished part of the profile.
Rules-based active, not an index tracker, so results can diverge from the Russell 1000 Value in either direction.
Buybacks supply much of the shareholder yield, and companies can scale repurchases back more easily than they cut dividends.wisdomtree.com

Full MVPA profile⁠

Full WTV profile⁠

MVPA vs WTV Holdings

How MVPA and WTV differ

Overlap by weight

4.0%

Shared holdings make up 16.7% of MVPA and 4.0% of WTV.

Level by level

Holdings6 in both4.0%
Sector11 Sectors73.6%
Countryby domicile96.1%
Asset classEquity100%

Sector

Sector weights in MVPA and WTV, widest gap first
Sector	More in MVPAMore in WTV	MVPA	WTV
Consumer Discretionary	MVPA +19.9 points	26.2%	6.3%
Health Care	WTV +6.1 points	3.0%	9.1%
Energy	MVPA +4.9 points	12.8%	7.9%
Financials	WTV +4.8 points	17.0%	21.8%
Utilities	WTV +4.6 points	0.0%	4.6%
Technology	WTV +2.9 points	16.5%	19.4%
Materials	WTV +2.8 points	0.0%	2.8%
Consumer Staples	WTV +2.4 points	6.0%	8.4%
Industrials	MVPA +1.5 points	9.9%	8.4%
Real Estate	WTV +1.5 points	2.5%	4.0%
Communication	WTV +1.4 points	6.1%	7.5%

Country, concentration and asset class

Country by domicile

Country weights in MVPA and WTV, widest gap first
Country	More in MVPAMore in WTV	MVPA	WTV
Brazil	MVPA +3.9 points	3.9%	0.0%
United States	WTV +3.4 points	96.1%	99.5%
Sweden	WTV +0.5 points	0.0%	0.5%

Concentration

Weight in the 10 largest Holdings

MVPA51.3%
WTV21.1%

Securities held

MVPA32
WTV124

Asset class

MVPA: Equity
WTV: Equity

Holdings

Only in MVPA26
In both6
Only in WTV118

Only in MVPA

26 securities, 83.2% of MVPA by weight

Crescent Energy Co7.45%
Bloomin Brands Inc6.27%
Crocs Inc6.19%
H&R Block Inc4.93%
Lincoln National Corp4.61%
Microstrategy Inc.4.54%
United Parcel Service-Cl B4.40%
Figure Technology Solutions Inc Ordinary Shares-Class A4.36%
Concentrix Corp4.22%
Jackson Financial Inc4.08%
Coty Inc4.08%
Mercadolibre Inc3.87%
Chord Energy Corp2.93%
Citi Trends Inc2.58%
Cto Realty Growth Inc2.48%
Quad/Graphics Inc2.31%
Upbound Group Inc2.21%
Alliance Resource Partners L.p.2.09%
Airbnb Inc-Class A2.07%
Resideo Technologies Inc1.89%
Perdoceo Education Corp1.75%
SHIFT4 Payments Inc1.62%
Build-A-Bear Workshop Inc1.02%
Vroom Inc0.63%
Jeld-Wen Holding Inc0.61%
Vroom Inc Warrants<0.01%

Only in WTV

118 securities, 95.8% of WTV by weight

Nvidia Corp3.20%
Berkshire Hathaway Inc2.73%
Chevron Corp2.48%
Salesforce Inc2.23%
Target Corp1.88%
Merck & Co Inc/NJ1.78%
Thermo Fisher Scientific Inc1.78%
Newmont Mining Corp1.74%
Cisco Systems Inc1.74%
Citigroup Inc1.54%
Southwest Airlines Co1.52%
Altria Group Inc1.39%
ConocoPhillips1.33%
Adobe Inc1.28%
Ryder System Inc1.25%
UnitedHealth Group Inc1.20%
Coca-Cola Consolidated Inc1.18%
priceline.com Inc1.17%
Morgan Stanley1.13%
Verizon Communications Inc1.12%
NetFlix Inc1.09%
Healthpeak Properties Inc1.07%
Exxonmobil Holdings Corp1.04%
Halliburton Co1.02%
Zoom Video Communications-A1.01%
Molson Coors Beverage Co1.01%
Affiliated Managers Group Inc1.00%
Regions Financial Corp0.98%
Cigna Corp0.98%
Rexford Industrial Realty Inc0.98%
Match Group Inc0.96%
Qualcomm Inc0.95%
Dell Technologies -C0.94%
Edison International0.92%
Pfizer Inc0.89%
HCA Healthcare Inc0.88%
Paycom Software Inc0.88%
AT&T Inc0.88%
Kraft Foods Inc0.86%
Valero Energy Corp0.85%
Phillips 660.85%
Franklin Resources Inc0.83%
Becton Dickinson and Co0.82%
Travelers Cos Inc/The0.80%
Booz Allen Hamilton Holding Co0.79%
Kroger Co/The0.79%
Progressive Corp/The0.78%
Bank of New York Mellon Corp0.78%
Cognizant Technology Solutions0.75%
Darden Restaurants Inc0.74%

Weight gaps

All 6 Holdings in both funds, largest gap first.

Holding weights in MVPA and WTV, widest gap first
Holding	More in MVPAMore in WTV	MVPA	WTV
Meta Platforms Inc-Class AMETA	MVPA +3.05 points	4.31%	1.26%
Maplebear IncCART	MVPA +2.81 points	3.60%	0.79%
Viatris IncVTRS	MVPA +2.52 points	3.03%	0.51%
Ameriprise Financial IncAMP	MVPA +2.50 points	3.10%	0.60%
Pinterest IncPINS	MVPA +1.23 points	1.58%	0.35%
Lithia Motors IncLAD	MVPA +0.54 points	1.08%	0.54%

All 32 MVPA holdings⁠All 157 WTV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MVPA vs WTV Cost

Overpaying MVPA vs WTV

$9,297

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

MVPA 0.60%
$11,817
WTV 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

MVPA 0.60%
WTV 0.12%
Overpaying

Year by year

Year	MVPA	WTV	Overpaying
10	$1,076	$220	$856
20	$4,116	$859	$3,257
30	$11,817	$2,520	$9,297

Expense ratio

0.60%MVPA
0.12%WTV, cheaper

WTV0.12%MVPA0.60%

0.12%1.25%

Middle half of US Active Value funds
Median 0.54%

WTV cheapest of 64 funds

MVPA 47th cheapest of 64 funds

MVPA vs WTV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): MVPA 0.51%; WTV 2.00%, better
Payout (12M): MVPA $0.19; WTV $2.14
Last payment: MVPA $0.19; WTV $0.55
Ex-dividend: MVPA Dec 18, 2025; WTV Sep 25, 2026
Paid on: MVPA Dec 19, 2025; WTV Sep 29, 2026
Frequency: MVPA Irregular; WTV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

MVPAIrregular · 2 paymentsAll MVPA payments⁠

WTVQuarterly · 43 paymentsAll WTV payments⁠

MVPA vs WTV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: MVPA 21.5%since Feb 2024WTV 13.7%
Return per unit of riskSharpe ratio, 3 years: MVPA 0.58since Feb 2024WTV 1.33
Worst fallMax drawdown, 5 years: MVPA −25.9%since Jan 2024WTV −19.3%
Market sensitivityBeta, 5 years: MVPA 1.11WTV 0.94; Market = 1

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