- Issuer
- Monarch
- Inception Date
- Mar 6, 2024
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Monarch Select Subsector Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MSSS Performance Chart
Monarch Select Subsector ETF (MSSS) is up 13.5% since the beginning of the year. MSSS is currently trading at $34 per share.
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Returns By Period
Monarch Select Subsector ETF (MSSS) has returned 13.45% so far this year and 20.74% over the past 12 months.
Monarch Select Subsector ETF
- 1D
- -0.46%
- 1M
- 5.02%
- YTD
- 13.45%
- 6M
- 12.62%
- 1Y
- 20.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
MSSS Monthly Returns History
Based on dividend-adjusted daily data since Mar 7, 2024, MSSS's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +8.9%, while the worst month was Dec 2024 at -7.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MSSS closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +9.0%, while the worst single day was Apr 4, 2025 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.82% | 4.65% | -7.10% | 8.91% | 5.42% | -0.18% | 13.45% | ||||||
| 2025 | 4.84% | -2.22% | -3.76% | -1.76% | 5.74% | 4.86% | -2.33% | 5.57% | 1.04% | -2.52% | 2.95% | -1.81% | 10.31% |
| 2024 | 1.53% | -5.27% | 3.28% | 0.15% | 8.87% | 3.65% | 2.35% | -4.15% | 7.34% | -7.57% | 9.27% |
Benchmark Metrics
Monarch Select Subsector ETF has an annualized alpha of -0.51%, beta of 0.85, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since March 08, 2024.
- This ETF participated in 129.57% of S&P 500 Index downside but only 100.75% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.51%
- Beta
- 0.85
- R²
- 0.70
- Upside Capture
- 100.75%
- Downside Capture
- 129.57%
Expense Ratio
MSSS has a high expense ratio of 1.43%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MSSS ranks 46 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Monarch Select Subsector ETF (MSSS) and compare them to S&P 500 Index.
| MSSS | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 2.39 | -0.72 |
Sortino ratioReturn per unit of downside risk | 2.46 | 3.25 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.11 | -0.97 |
Martin ratioReturn relative to average drawdown | 8.44 | 14.38 | -5.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Monarch Select Subsector ETF provided a 0.34% dividend yield over the last twelve months, with an annual payout of $0.12 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.12 | $0.06 | $0.12 |
Dividend yield | 0.34% | 0.21% | 0.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Monarch Select Subsector 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 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.06 |
| 2024 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.12 |
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 Select Subsector 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 Select Subsector ETF was 19.14%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.
The current Monarch Select Subsector ETF drawdown is 0.59%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -19.14%Apr 2025 | 4mo 7d | 4mo 7d | 8mo 14dDec 2024 - Aug 2025 |
2026 correction2026 | -10.18%Mar 2026 | 1mo 1d | 18d | 1mo 19dFeb 2026 - Apr 2026 |
2024 pullback2024 | -7.72%Apr 2024 | 18d | 2mo 23d | 3mo 11dApr 2024 - Jul 2024 |
2025 pullback2025 | -5.84%Nov 2025 | 1mo 15d | 1mo 20d | 3mo 5dOct 2025 - Jan 2026 |
2024 pullback2024 | -5.08%Oct 2024 | 10d | 25d | 1mo 5dOct 2024 - Nov 2024 |
Drawdown Indicators
| MSSS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.14% | -56.78% | +37.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.18% | -9.10% | -1.08% |
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 | -0.59% | 0.00% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -10.72% | +7.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.97% | +0.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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