MBCE vs. GARY

Last updated Jun 6, 2026

MBCE (Monarch Blue Chips Elite Index ETF) and GARY (Mango Growth ETF) are both Large Cap Growth Equities funds. MBCE is passively managed, while GARY is actively managed. With a 1.00 correlation, they move nearly in lockstep. MBCE charges 1.14%/yr vs 0.77%/yr for GARY.

Performance

MBCE vs. GARY - Performance Comparison

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

Returns By Period

MBCE

• 1D: -5.51%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GARY

• 1D: -4.30%
• 1M: 3.59%
• YTD: 25.28%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MBCE vs. GARY - Yearly Performance Comparison

	2026 (YTD)
MBCE Monarch Blue Chips Elite Index ETF	-6.86%
GARY Mango Growth ETF	-4.16%

Correlation

The correlation between MBCE and GARY is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	1.00

Return for Risk

MBCE vs. GARY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Blue Chips Elite Index ETF (MBCE) and Mango Growth ETF (GARY). 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.

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

Sharpe Ratios by Period

	MBCE	GARY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-3.09	3.28	-6.37

Drawdowns

MBCE vs. GARY - Drawdown Comparison

The maximum MBCE drawdown since its inception was -6.86%, smaller than the maximum GARY drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for MBCE and GARY.

Drawdown Indicators

	MBCE	GARY	Difference
Max Drawdown Largest peak-to-trough decline	-6.86%	-10.28%	+3.42%
Current Drawdown Current decline from peak	-6.86%	-4.86%	-2.00%
Average Drawdown Average peak-to-trough decline	-4.15%	-1.70%	-2.45%

Volatility

Volatility by Period

	MBCE	GARY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	45.81%	20.25%	+25.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.81%	20.25%	+25.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.81%	20.25%	+25.56%

MBCE vs. GARY - Expense Ratio Comparison

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

Dividends

MBCE vs. GARY - Dividend Comparison

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

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 MBCE and GARY in my portfolio?

With a correlation of 1.00, MBCE and GARY 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, MBCE or GARY?

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, MBCE or GARY?

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

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

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

What is the main difference between MBCE and GARY?

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