MAMB vs. SYSB
MAMB (Monarch Ambassador Income ETF) and SYSB (iShares Systematic Bond ETF) are both Intermediate Core-Plus Bond funds - MAMB tracks the Monarch Ambassador Income Index while SYSB tracks the BlackRock Universal Systematic Bond Index. Both are passively managed. Over the past 5 years, MAMB returned 0.66%/yr vs 1.57%/yr for SYSB. A 0.79 correlation means they provide meaningful diversification when combined. MAMB charges 1.49%/yr vs 0.25%/yr for SYSB.
Performance
MAMB vs. SYSB - Performance Comparison
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Returns By Period
In the year-to-date period, MAMB achieves a 1.59% return, which is significantly higher than SYSB's 0.43% return.
MAMB
- 1D
- -0.11%
- 1M
- 0.21%
- YTD
- 1.59%
- 6M
- 1.04%
- 1Y
- 7.54%
- 3Y*
- 5.24%
- 5Y*
- 0.66%
- 10Y*
- —
SYSB
- 1D
- 0.00%
- 1M
- 0.72%
- YTD
- 0.43%
- 6M
- 0.54%
- 1Y
- 5.08%
- 3Y*
- 6.83%
- 5Y*
- 1.57%
- 10Y*
- 2.28%
MAMB vs. SYSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MAMB Monarch Ambassador Income ETF | 1.59% | 10.69% | 1.32% | 4.90% | -13.02% | 1.17% |
SYSB iShares Systematic Bond ETF | 0.43% | 8.32% | 6.04% | 8.22% | -13.57% | 1.45% |
Correlation
The correlation between MAMB and SYSB is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.79 |
The correlation between MAMB and SYSB has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
MAMB vs. SYSB — Risk / Return Rank
MAMB
SYSB
MAMB vs. SYSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monarch Ambassador Income ETF (MAMB) and iShares Systematic Bond ETF (SYSB). 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.
| MAMB | SYSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 1.71 | +0.42 |
| Martin ratioReturn relative to average drawdown | 5.67 | 4.90 | +0.77 |
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Drawdowns
MAMB vs. SYSB - Drawdown Comparison
The maximum MAMB drawdown since its inception was -19.33%, roughly equal to the maximum SYSB drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for MAMB and SYSB.
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Drawdown Indicators
| MAMB | SYSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -18.47% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -2.99% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -7.38% | -3.08% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -18.47% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.47% | — |
Current DrawdownCurrent decline from peak | -2.06% | -1.42% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -3.27% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.04% | +0.29% |
Volatility
MAMB vs. SYSB - Volatility Comparison
Monarch Ambassador Income ETF (MAMB) has a higher volatility of 1.71% compared to iShares Systematic Bond ETF (SYSB) at 1.23%. This indicates that MAMB's price experiences larger fluctuations and is considered to be riskier than SYSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAMB | SYSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.23% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.42% | 3.20% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 3.91% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.02% | 5.64% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.91% | 4.94% | +1.97% |
MAMB vs. SYSB - Expense Ratio Comparison
MAMB has a 1.49% expense ratio, which is higher than SYSB's 0.25% expense ratio.
Dividends
MAMB vs. SYSB - Dividend Comparison
MAMB's dividend yield for the trailing twelve months is around 2.45%, less than SYSB's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAMB Monarch Ambassador Income ETF | 2.45% | 2.47% | 2.11% | 1.73% | 0.92% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYSB iShares Systematic Bond ETF | 4.60% | 4.78% | 5.04% | 4.44% | 3.27% | 1.92% | 2.57% | 3.27% | 3.61% | 2.74% | 2.92% | 2.26% |
Frequently Asked Questions
MAMB and SYSB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAMB has higher volatility (1.71%) compared to SYSB (1.23%). In terms of maximum drawdown, MAMB dropped -19.33% vs SYSB's -18.47%.
On 5-year performance, SYSB leads with 1.57% vs 0.66% for MAMB. On fees, SYSB is cheaper at 0.25% per year. On volatility, SYSB 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, SYSB has performed better with a 1.57% return vs 0.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SYSB is cheaper with a 0.25% expense ratio, compared with 1.49% for MAMB.
SYSB has the higher dividend yield at 4.60%, compared with 2.45% for MAMB.
MAMB tracks Monarch Ambassador Income Index, while SYSB tracks BlackRock Universal Systematic Bond Index. They also come from different issuers: Monarch and iShares. Their fees differ too: 1.49% for MAMB and 0.25% for SYSB.
MAMB currently has the higher Sharpe Ratio (1.32 vs 1.31), 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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