MBCE vs. MSSS

Last updated Aug 4, 2026

MBCE (Monarch Blue Chips Elite Index ETF) and MSSS (Monarch Select Subsector ETF) are both exchange-traded funds - MBCE is a Large Cap Growth Equities fund tracking the Monarch Blue Chips Elite Index, while MSSS is a Mid Cap Blend Equities fund tracking the Monarch Select Subsector Index. Both are passively managed. Their 0.31 correlation means their historical movements had little consistent relationship. MBCE charges 1.14%/yr vs 1.43%/yr for MSSS.

Performance

MBCE vs. MSSS - Performance Comparison

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

Returns By Period

MBCE

• 1D: 1.09%
• 1M: -6.79%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MSSS

• 1D: 1.38%
• 1M: -1.10%
• 6M: 17.33%
• YTD: 19.08%
• 1Y: 26.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.20%

*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)
MBCE Monarch Blue Chips Elite Index ETF	$704.30K	$864.91K	$1.01M
MSSS Monarch Select Subsector ETF	$440.52K	$493.99K	$416.44K

MBCE vs. MSSS - Yearly Performance Comparison

	2026 (YTD)
MBCE Monarch Blue Chips Elite Index ETF	-7.47%
MSSS Monarch Select Subsector ETF	4.97%

Correlation

The correlation between MBCE and MSSS is 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026	0.31

Return for Risk

MBCE vs. MSSS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MBCE

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

MSSS

MSSS Risk / Return Rank: 76
MSSS Sharpe Ratio Rank: 81
MSSS Sortino Ratio Rank: 83
MSSS Omega Ratio Rank: 76
MSSS Calmar Ratio Rank: 68
MSSS Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MBCE vs. MSSS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Blue Chips Elite Index ETF (MBCE) and Monarch Select Subsector ETF (MSSS). 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.

	MBCE	MSSS	Difference
Sharpe ratio: Return per unit of total volatility	—	2.04	—
Sortino ratio: Return per unit of downside risk	—	3.01	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.63	—
Martin ratio: Return relative to average drawdown	—	10.28	—

Drawdowns

MBCE vs. MSSS - Drawdown Comparison

The maximum MBCE drawdown since its inception was -17.37%, smaller than the maximum MSSS drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for MBCE and MSSS.

Drawdown Indicators

	MBCE	MSSS	Difference
Max Drawdown Largest peak-to-trough decline	-17.37%	-19.14%	+1.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.18%	—
Current Drawdown Current decline from peak	-12.08%	-1.41%	-10.67%
Average Drawdown Average peak-to-trough decline	-6.11%	-2.94%	-3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.60%	—

Volatility

Volatility by Period

	MBCE	MSSS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	41.62%	13.14%	+28.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.62%	15.81%	+25.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.62%	15.81%	+25.81%

MBCE vs. MSSS - Expense Ratio Comparison

MBCE has a 1.14% expense ratio, which is lower than MSSS's 1.43% expense ratio.

Dividends

MBCE vs. MSSS - Dividend Comparison

MBCE has not paid dividends to shareholders, while MSSS's dividend yield for the trailing twelve months is around 0.28%.

Position	TTM	2025	2024
MBCE Monarch Blue Chips Elite Index ETF	0.00%	0.00%	0.00%
MSSS Monarch Select Subsector ETF	0.28%	0.21%	0.42%

Frequently Asked Questions

Can I hold both MBCE and MSSS in my portfolio?

MBCE and MSSS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MBCE or MSSS?

On fees, MBCE is cheaper at 1.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MBCE or MSSS?

MBCE is cheaper with a 1.14% expense ratio, compared with 1.43% for MSSS.

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

MSSS has the higher dividend yield at 0.28%, compared with 0.00% for MBCE.

What is the main difference between MBCE and MSSS?

MBCE is categorized as Large Cap Growth Equities, while MSSS is Mid Cap Blend Equities. MBCE tracks Monarch Blue Chips Elite Index, while MSSS tracks Monarch Select Subsector Index. Their fees differ too: 1.14% for MBCE and 1.43% for MSSS.