GARY vs. MBCE

Last updated Aug 1, 2026

GARY (Mango Growth ETF) and MBCE (Monarch Blue Chips Elite Index ETF) are both Large Cap Growth Equities funds. GARY is actively managed, while MBCE is passively managed. Their correlation of 0.93 means they have usually moved in the same direction. GARY charges 0.77%/yr vs 1.14%/yr for MBCE.

Performance

GARY vs. MBCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mango Growth ETF (GARY) and Monarch Blue Chips Elite Index ETF (MBCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GARY

• 1D: 0.88%
• 1M: -4.25%
• 6M: 15.73%
• YTD: 25.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MBCE

• 1D: -0.27%
• 1M: -7.80%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GARY Mango Growth ETF	$600.48K	$395.06K	$299.75K
MBCE Monarch Blue Chips Elite Index ETF	$751.32K	$892.92K	$1.02M

GARY vs. MBCE - Yearly Performance Comparison

	2026 (YTD)
GARY Mango Growth ETF	-4.55%
MBCE Monarch Blue Chips Elite Index ETF	-8.47%

Correlation

The correlation between GARY and MBCE is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026	0.93

Return for Risk

GARY vs. MBCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mango Growth ETF (GARY) and Monarch Blue Chips Elite Index ETF (MBCE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

GARY vs. MBCE - Drawdown Comparison

The maximum GARY drawdown since its inception was -12.67%, smaller than the maximum MBCE drawdown of -17.37%. Use the drawdown chart below to compare losses from any high point for GARY and MBCE.

Drawdown Indicators

	GARY	MBCE	Difference
Max Drawdown Largest peak-to-trough decline	-12.67%	-17.37%	+4.70%
Current Drawdown Current decline from peak	-8.40%	-13.03%	+4.63%
Average Drawdown Average peak-to-trough decline	-2.40%	-5.97%	+3.57%

Volatility

Volatility by Period

	GARY	MBCE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	42.02%	-19.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.34%	42.02%	-19.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	42.02%	-19.68%

GARY vs. MBCE - Expense Ratio Comparison

GARY has a 0.77% expense ratio, which is lower than MBCE's 1.14% expense ratio.

Dividends

GARY vs. MBCE - Dividend Comparison

GARY's dividend yield for the trailing twelve months is around 0.04%, while MBCE has not paid dividends to shareholders.

Position	TTM	2025
GARY Mango Growth ETF	0.04%	0.05%
MBCE Monarch Blue Chips Elite Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both GARY and MBCE in my portfolio?

With a correlation of 0.93, GARY and MBCE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GARY or MBCE?

On fees, GARY is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GARY or MBCE?

GARY is cheaper with a 0.77% expense ratio, compared with 1.14% for MBCE.

Which ETF pays a higher dividend yield, GARY or MBCE?

GARY has the higher dividend yield at 0.04%, compared with 0.00% for MBCE.

What is the main difference between GARY and MBCE?

They also come from different issuers: Mango and Monarch. Their fees differ too: 0.77% for GARY and 1.14% for MBCE.