- Issuer
- Monarch
- Inception Date
- Mar 6, 2024
- Category
- Mid Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Monarch Dividend Plus Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
MDPL Performance Chart
Monarch Dividend Plus ETF (MDPL) is down 7.6% since the beginning of the year. MDPL is currently trading at $25 per share.
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Returns By Period
Monarch Dividend Plus ETF (MDPL) has returned -7.59% so far this year and -2.23% over the past 12 months.
Monarch Dividend Plus ETF
- 1D
- -1.12%
- 1M
- -6.08%
- YTD
- -7.59%
- 6M
- -8.10%
- 1Y
- -2.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MDPL Monthly Returns History
Based on dividend-adjusted daily data since Mar 7, 2024, MDPL's average daily return is 0.00%, while the average monthly return is +0.06%. At this rate, an investment would double in approximately 96.3 years.
Historically, 50% of months were positive and 50% were negative. The best month was Jul 2024 with a return of +6.8%, while the worst month was Dec 2024 at -8.2%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, MDPL closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +5.9%, while the worst single day was Apr 4, 2025 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.83% | -1.21% | -4.65% | 3.87% | -1.20% | -6.11% | -7.59% | ||||||
| 2025 | 1.46% | 1.68% | 0.96% | -3.09% | -0.11% | 2.58% | -1.42% | 6.39% | -2.48% | -3.10% | 2.16% | 2.72% | 7.57% |
| 2024 | 3.84% | -5.31% | 2.56% | -2.59% | 6.83% | -0.17% | 1.17% | -2.27% | 5.57% | -8.15% | 0.42% |
Benchmark Metrics
Monarch Dividend Plus ETF has an annualized alpha of -8.14%, beta of 0.53, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since March 07, 2024.
- This ETF participated in 110.44% of S&P 500 Index downside but only 37.57% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.53 may look defensive, but with R2 of 0.31 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 0.31 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -8.14%
- Beta
- 0.53
- R²
- 0.31
- Upside Capture
- 37.57%
- Downside Capture
- 110.44%
Expense Ratio
MDPL has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MDPL ranks 7 for risk / return — in the bottom 7% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Monarch Dividend Plus ETF (MDPL) 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.
| MDPL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 2.78 | -2.97 |
| Martin ratioReturn relative to average drawdown | -0.44 | 12.44 | -12.88 |
Dividends
Dividend History
Monarch Dividend Plus ETF provided a 1.40% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.35 | $0.38 | $0.26 |
Dividend yield | 1.40% | 1.42% | 1.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Monarch Dividend Plus 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 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.16 | $0.38 |
| 2024 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.26 |
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 Dividend Plus 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 Dividend Plus ETF was 14.21%, occurring on Apr 8, 2025. Recovery took 94 trading sessions.
The current Monarch Dividend Plus ETF drawdown is 11.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -14.21%Apr 2025 | 4mo 7d | 4mo 16d | 8mo 23dDec 2024 - Aug 2025 |
2026 correction2026 | -11.84%Jun 2026 | 5mo 7d | — | 5mo 8dJan 2026 - now |
2025 pullback2025 | -8.88%Nov 2025 | 2mo 27d | 1mo 17d | 4mo 14dAug 2025 - Jan 2026 |
2024 pullback2024 | -6.77%Jul 2024 | 3mo 9d | 20d | 3mo 29dApr 2024 - Jul 2024 |
2024 pullback2024 | -6.26%Aug 2024 | 6d | 1mo 13d | 1mo 19dAug 2024 - Sep 2024 |
Drawdown Indicators
| MDPL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.21% | -56.78% | +42.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -9.10% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.84% | -1.80% | -10.04% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -10.71% | +6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 2.03% | +3.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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