- 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
Highlights
- Avg. Volume (1M)
- 19K
- Avg. Volume Value (1M)
- $505.53K
Share Price Chart
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Performance
MDPL Performance Chart
Monarch Dividend Plus ETF (MDPL) is up 5.2% since the beginning of the year. MDPL is currently trading at $28 per share.
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Returns By Period
Monarch Dividend Plus ETF (MDPL) has returned 5.23% so far this year and 11.80% over the past 12 months.
Monarch Dividend Plus ETF
- 1D
- 0.54%
- 1M
- 7.88%
- 6M
- 3.35%
- YTD
- 5.23%
- 1Y
- 11.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.49%
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%
MDPL Monthly Returns History
Based on dividend-adjusted daily data since Mar 7, 2024, MDPL's average daily return is +0.03%, while the average monthly return is +0.53%. At this rate, an investment would double in approximately 10.9 years.
Historically, 52% of months were positive and 48% were negative. The best month was Jul 2026 with a return of +13.3%, 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% | -5.66% | 13.33% | 5.23% | |||||
| 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 -2.10%, beta of 0.50, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since March 07, 2024.
- This ETF participated in 60.57% of S&P 500 Index downside but only 37.57% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.50 may look defensive, but with R2 of 0.26 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 0.26 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
- -2.10%
- Beta
- 0.50
- R²
- 0.26
- Upside Capture
- 37.57%
- Downside Capture
- 60.57%
Expense Ratio
MDPL has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MDPL ranks 28 for risk / return — above 28% 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 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 | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.00 | -1.11 |
| Martin ratioReturn relative to average drawdown | 1.99 | 8.49 | -6.50 |
Dividends
Dividend History
Monarch Dividend Plus ETF provided a 1.46% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.41 | $0.38 | $0.26 |
Dividend yield | 1.46% | 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 | $0.09 | $0.00 | $0.16 | |||||
| 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 1.23%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.21%Apr 2025 | 4mo 7d | 4mo 16d | 8mo 23dDec 2024 - Aug 2025 | 2025 selloff2025 |
-12.38%Jun 2026 | 5mo 10d | 1mo 3d | 6mo 13dJan 2026 - Jul 2026 | — |
-8.88%Nov 2025 | 2mo 27d | 1mo 17d | 4mo 14dAug 2025 - Jan 2026 | — |
-6.77%Jul 2024 | 3mo 9d | 20d | 3mo 29dApr 2024 - Jul 2024 | — |
-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 | -12.38% | -9.10% | -3.28% |
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 | -1.23% | -1.58% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -10.70% | +6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 2.14% | +3.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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