- ISIN
- US66537J8128
- Issuer
- Monarch
- Inception Date
- Mar 6, 2024
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Monarch Volume Factor Global Unconstrained Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MVFG Performance Chart
Monarch Volume Factor Global Unconstrained ETF (MVFG) is up 13.0% since the beginning of the year. MVFG is currently trading at $35 per share.
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Returns By Period
Monarch Volume Factor Global Unconstrained ETF (MVFG) has returned 13.00% so far this year and 28.96% over the past 12 months.
Monarch Volume Factor Global Unconstrained ETF
- 1D
- 0.52%
- 1M
- 3.11%
- YTD
- 13.00%
- 6M
- 16.25%
- 1Y
- 28.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
MVFG Monthly Returns History
Based on dividend-adjusted daily data since Mar 7, 2024, MVFG's average daily return is +0.07%, while the average monthly return is +1.38%. At this rate, an investment would double in approximately 4.2 years.
Historically, 71% of months were positive and 29% were negative. The best month was Jan 2026 with a return of +8.3%, while the worst month was Mar 2026 at -6.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, MVFG closed higher 54% of trading days. The best single day was Oct 13, 2025 with a return of +4.6%, while the worst single day was Nov 4, 2025 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.30% | 2.48% | -6.33% | 5.67% | 2.36% | 0.49% | 13.00% | ||||||
| 2025 | 2.84% | -3.32% | -3.30% | 3.89% | 5.10% | 3.19% | -1.07% | 6.83% | 5.70% | 2.71% | -5.23% | 2.70% | 20.98% |
| 2024 | 2.38% | -3.39% | 4.01% | 1.58% | 1.51% | 1.84% | 1.29% | -2.26% | 3.38% | -4.73% | 5.33% |
Benchmark Metrics
Monarch Volume Factor Global Unconstrained ETF has an annualized alpha of 6.16%, beta of 0.62, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since March 08, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (81.63%) than losses (70.78%) - typical of diversified or defensive assets.
- Beta of 0.62 may look defensive, but with R2 of 0.41 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 0.41 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
- 6.16%
- Beta
- 0.62
- R²
- 0.41
- Upside Capture
- 81.63%
- Downside Capture
- 70.78%
Expense Ratio
MVFG has a high expense ratio of 1.42%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MVFG ranks 42 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 Volume Factor Global Unconstrained ETF (MVFG) and compare them to S&P 500 Index.
| MVFG | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 2.39 | -0.83 |
Sortino ratioReturn per unit of downside risk | 2.14 | 3.25 | -1.11 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 3.11 | -1.22 |
Martin ratioReturn relative to average drawdown | 7.55 | 14.38 | -6.83 |
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 Volume Factor Global Unconstrained ETF provided a 1.91% dividend yield over the last twelve months, with an annual payout of $0.67 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.67 | $0.59 | $0.44 |
Dividend yield | 1.91% | 1.90% | 1.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Monarch Volume Factor Global Unconstrained 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 | $0.00 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.24 | $0.59 |
| 2024 | $0.03 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.44 |
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 Volume Factor Global Unconstrained 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 Volume Factor Global Unconstrained ETF was 15.34%, occurring on Nov 20, 2025. Recovery took 29 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 correction2025 | -15.34%Nov 2025 | 1mo 5d | 1mo 16d | 2mo 21dOct 2025 - Jan 2026 |
2025 selloff2025 | -12.19%Mar 2025 | 3mo 3d | 2mo 21d | 5mo 24dDec 2024 - Jun 2025 |
2026 pullback2026 | -9.55%Mar 2026 | 1mo 2d | 1mo 7d | 2mo 9dFeb 2026 - May 2026 |
2024 pullback2024 | -7.68%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
2024 pullback2024 | -4.57%Apr 2024 | 18d | 25d | 1mo 13dApr 2024 - May 2024 |
Drawdown Indicators
| MVFG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.34% | -56.78% | +41.44% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -9.10% | -6.24% |
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 | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -10.72% | +8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 1.97% | +1.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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