MAMB vs. BND
MAMB (Monarch Ambassador Income ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - MAMB is a Intermediate Core-Plus Bond fund tracking the Monarch Ambassador Income Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 5 years, MAMB returned 0.72%/yr vs 0.09%/yr for BND. Their correlation of 0.89 suggests significant overlap in exposure. MAMB charges 1.49%/yr vs 0.03%/yr for BND.
Performance
MAMB vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, MAMB achieves a 2.01% return, which is significantly higher than BND's 0.27% return.
MAMB
- 1D
- -0.26%
- 1M
- 0.63%
- YTD
- 2.01%
- 6M
- 1.90%
- 1Y
- 9.37%
- 3Y*
- 5.37%
- 5Y*
- 0.72%
- 10Y*
- —
BND
- 1D
- -0.19%
- 1M
- 0.27%
- YTD
- 0.27%
- 6M
- 0.12%
- 1Y
- 5.11%
- 3Y*
- 3.96%
- 5Y*
- 0.09%
- 10Y*
- 1.58%
MAMB vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MAMB Monarch Ambassador Income ETF | 2.01% | 10.69% | 1.32% | 4.90% | -13.02% | 1.46% |
BND Vanguard Total Bond Market ETF | 0.27% | 7.08% | 1.38% | 5.65% | -13.11% | 1.52% |
Correlation
The correlation between MAMB and BND is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021 | 0.89 |
The correlation between MAMB and BND has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.
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Return for Risk
MAMB vs. BND — Risk / Return Rank
MAMB
BND
MAMB vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monarch Ambassador Income ETF (MAMB) and Vanguard Total Bond Market ETF (BND). 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.
| MAMB | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 1.36 | +0.30 |
Sortino ratioReturn per unit of downside risk | 2.33 | 2.03 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.65 | 1.92 | +0.73 |
Martin ratioReturn relative to average drawdown | 7.49 | 5.80 | +1.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAMB | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.36 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.01 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.59 | -0.42 |
Drawdowns
MAMB vs. BND - Drawdown Comparison
The maximum MAMB drawdown since its inception was -19.33%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for MAMB and BND.
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Drawdown Indicators
| MAMB | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -18.58% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -2.68% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -7.38% | -5.92% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -17.91% | -1.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.65% | -2.37% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -3.06% | -4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.88% | +0.37% |
Volatility
MAMB vs. BND - Volatility Comparison
Monarch Ambassador Income ETF (MAMB) has a higher volatility of 1.72% compared to Vanguard Total Bond Market ETF (BND) at 1.23%. This indicates that MAMB's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAMB | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.23% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 2.66% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 3.78% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.99% | 6.02% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.91% | 5.53% | +1.38% |
MAMB vs. BND - Expense Ratio Comparison
MAMB has a 1.49% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
MAMB vs. BND - Dividend Comparison
MAMB's dividend yield for the trailing twelve months is around 2.44%, less than BND's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.97% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
MAMB Monarch Ambassador Income ETF | 2.44% | 2.47% | 2.11% | 1.73% | 0.92% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAMB and BND have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAMB has higher volatility (1.72%) compared to BND (1.23%). In terms of maximum drawdown, MAMB dropped -19.33% vs BND's -18.58%.
On 5-year performance, MAMB leads with 0.72% vs 0.09% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MAMB has performed better with a 0.72% return vs 0.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 1.49% for MAMB.
BND has the higher dividend yield at 3.97%, compared with 2.44% for MAMB.
MAMB is categorized as Intermediate Core-Plus Bond, while BND is Total Bond Market. MAMB tracks Monarch Ambassador Income Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: Monarch and Vanguard. Their fees differ too: 1.49% for MAMB and 0.03% for BND.
MAMB currently has the higher Sharpe Ratio (1.66 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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