MVPL vs. FCEF ETF Comparison
Comparison of Advisor Managed Portfolios Miller Value Partners Leverage ETF (MVPL) to First Trust CEF Income Opportunity ETF (FCEF)
MVPL
Advisor Managed Portfolios Miller Value Partners Leverage ETF
MVPL Description
MVPL seeks to capitalize on the S&P 500's propensity to increase in value over long time horizons by opportunistically timing use of leverage when conditions seem favorable to do so. The fund is typically invested in a single unleveraged or leveraged S&P 500 ETF at any given time, depending on signals from proprietary models used by the fund adviser. The adviser uses an adaptive, data-driven approach to determine the daily trading signal, considering factors such as price levels, price changes, valuation, correlations, interest rates, and volatility measures. On a leveraged position, the fund invests in an ETF that provides 2x the daily performance of the S&P 500 and expects to be invested for periods greater than one day. As a result, the fund will be subject to the risks of compounding and its returns during this period can materially differ from that of the underlying ETF. The fund will not invest in a combination of unleveraged and leveraged ETFs at any time. Due to its investment strategy, the fund may engage in active and frequent trading.
Grade (RS Rating)
Last Trade
$31.39
Average Daily Volume
575
1
FCEF
First Trust CEF Income Opportunity ETF
FCEF Description
The First Trust CEF Income Opportunity ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide current income with a secondary emphasis on total return. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of closed-end investment companies that are listed and traded in the United States on registered exchanges.Grade (RS Rating)
Last Trade
$21.85
Average Daily Volume
8,535
46
Performance
| Period | MVPL | FCEF |
|---|---|---|
| 30 Days | -0.90% | -1.31% |
| 60 Days | 5.23% | 0.46% |
| 90 Days | 7.67% | 3.41% |
| 12 Months | 24.67% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MVPL | Weight in FCEF | Overlap |
|---|
MVPL Overweight 1 Positions Relative to FCEF
| Symbol | Grade | Weight | |
|---|---|---|---|
| SSO | B | 99.92% |
MVPL Underweight 46 Positions Relative to FCEF
| Symbol | Grade | Weight | |
|---|---|---|---|
| ETG | C | -3.94% | |
| THQ | D | -3.45% | |
| HQH | D | -3.32% | |
| ETO | C | -3.32% | |
| HTD | C | -3.28% | |
| SOR | B | -3.2% | |
| EVT | A | -3.19% | |
| ASGI | C | -3.12% | |
| VRIG | A | -3.08% | |
| GDV | B | -2.93% | |
| TY | B | -2.51% | |
| JPC | A | -2.51% | |
| JQC | A | -2.5% | |
| UTF | C | -2.46% | |
| RNP | D | -2.38% | |
| NPFD | C | -2.27% | |
| BCAT | A | -2.27% | |
| PDO | D | -2.16% | |
| BGB | A | -2.15% | |
| CET | C | -2.08% | |
| GAM | B | -2.0% | |
| UTG | A | -1.79% | |
| JFR | A | -1.6% | |
| JRI | B | -1.52% | |
| EVG | C | -1.44% | |
| PEO | A | -1.41% | |
| PDX | A | -1.3% | |
| RA | C | -1.24% | |
| AIO | B | -1.04% | |
| QQQX | B | -1.0% | |
| NBB | D | -1.0% | |
| CII | B | -0.98% | |
| KYN | A | -0.8% | |
| WIW | C | -0.75% | |
| HIO | C | -0.75% | |
| BCX | C | -0.75% | |
| BIT | C | -0.72% | |
| BUI | C | -0.68% | |
| TPZ | A | -0.54% | |
| RMT | B | -0.53% | |
| HQL | D | -0.5% | |
| BTZ | C | -0.49% | |
| BME | D | -0.47% | |
| JLS | C | -0.47% | |
| DPG | A | -0.39% | |
| DLY | C | -0.23% |
MVPL: Top Represented Industries & Keywords
FCEF: Top Represented Industries & Keywords
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