- Issuer
- Monarch
- Inception Date
- Mar 23, 2021
- Region
- Global (Broad)
- Category
- Intermediate Core-Plus Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- Monarch Ambassador Income Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $192M
Highlights
- Avg. Volume (1M)
- 31K
- Avg. Volume Value (1M)
- $740.46K
Share Price Chart
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Performance
MAMB Performance Chart
Monarch Ambassador Income ETF (MAMB) is down 0.4% since the beginning of the year. MAMB is currently trading at $24 per share. Investors who bought $1,000 worth of MAMB shares 5 years ago would now be looking at an investment worth $1,008.
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Returns By Period
Monarch Ambassador Income ETF (MAMB) has returned -0.37% so far this year and 4.18% over the past 12 months.
Monarch Ambassador Income ETF
- 1D
- -0.45%
- 1M
- -1.94%
- 6M
- -1.83%
- YTD
- -0.37%
- 1Y
- 4.18%
- 3Y*
- 5.01%
- 5Y*
- 0.16%
- 10Y*
- —
- ALL TIME*
- 0.58%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MAMB Monthly Returns History
Based on dividend-adjusted daily data since Mar 24, 2021, MAMB's average daily return is 0.00%, while the average monthly return is +0.07%. At this rate, an investment would double in approximately 82.5 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2023 with a return of +4.9%, while the worst month was Sep 2022 at -5.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MAMB closed higher 50% of trading days. The best single day was Nov 10, 2022 with a return of +2.4%, while the worst single day was Jun 13, 2022 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.49% | 2.20% | -2.44% | 0.36% | 0.63% | -0.54% | -1.97% | -0.37% | |||||
| 2025 | 1.22% | 1.89% | 0.20% | 0.70% | -0.66% | 1.67% | -0.15% | 1.43% | 2.09% | 1.29% | 0.92% | -0.36% | 10.69% |
| 2024 | -0.41% | -1.45% | 1.40% | -2.70% | 1.79% | 0.80% | 2.70% | 1.65% | 1.65% | -2.16% | 0.62% | -2.38% | 1.32% |
| 2023 | 3.74% | -2.99% | 2.80% | 0.62% | -1.22% | -0.59% | -0.30% | -0.91% | -3.54% | -1.15% | 4.89% | 3.85% | 4.90% |
| 2022 | -2.65% | 0.11% | -1.95% | -4.21% | -0.48% | -1.02% | 1.81% | -3.39% | -4.96% | -1.42% | 4.76% | -0.07% | -13.02% |
| 2021 | -0.23% | 1.19% | 0.89% | -0.01% | 0.46% | 0.19% | -1.18% | 0.49% | -1.14% | 0.53% | 1.17% |
Benchmark Metrics
Monarch Ambassador Income ETF has an annualized alpha of -0.84%, beta of 0.12, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since March 24, 2021.
- This ETF participated in 45.71% of S&P 500 Index downside but only 21.17% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.12 may look defensive, but with R2 of 0.09 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.09 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.84%
- Beta
- 0.12
- R²
- 0.09
- Upside Capture
- 21.17%
- Downside Capture
- 45.71%
Expense Ratio
MAMB has a high expense ratio of 1.49%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MAMB ranks 34 for risk / return — above 34% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Monarch Ambassador Income ETF (MAMB) and compare them to S&P 500 Index.
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.
| MAMB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.00 | -0.71 |
| Martin ratioReturn relative to average drawdown | 3.13 | 8.49 | -5.36 |
Dividends
Dividend History
Monarch Ambassador Income ETF provided a 2.71% dividend yield over the last twelve months, with an annual payout of $0.64 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.59 | $0.47 | $0.39 | $0.20 | $0.14 |
Dividend yield | 2.71% | 2.47% | 2.11% | 1.73% | 0.92% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Monarch Ambassador Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.16 | $0.00 | $0.25 | |||||
| 2025 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.23 | $0.59 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.19 | $0.47 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.17 | $0.39 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | $0.20 |
| 2021 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.08 | $0.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Monarch Ambassador Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Monarch Ambassador Income ETF was 19.33%, occurring on Oct 20, 2022. Recovery took 746 trading sessions.
The current Monarch Ambassador Income ETF drawdown is 3.94%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.33%Oct 2022 | 1y 1mo | 2y 11mo | 4y 1moSep 2021 - Oct 2025 | Bear market2022 |
-3.94%Jul 2026 | 5mo 1d | — | 5mo 4dMar 2026 - now | — |
-2.39%Nov 2025 | 15d | 2mo 9d | 2mo 24dOct 2025 - Jan 2026 | — |
-2.31%Feb 2026 | 3d | 18d | 21dJan 2026 - Feb 2026 | — |
-1.15%Aug 2021 | 11d | 17d | 28dJul 2021 - Aug 2021 | — |
Drawdown Indicators
| MAMB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -56.78% | +37.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -9.10% | +5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -5.71% | -18.90% | +13.19% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -25.43% | +6.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.94% | -1.58% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -10.70% | +3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.14% | -0.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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