MDPL vs. AUSF

Last updated Jun 23, 2026

MDPL (Monarch Dividend Plus ETF) and AUSF (Global X Adaptive U.S. Factor ETF) are both Mid Cap Value Equities funds - MDPL tracks the Monarch Dividend Plus Index while AUSF tracks the Adaptive Wealth Strategies U.S. Factor Index. Both are passively managed. Over the past year, MDPL returned -2.23% vs 14.20% for AUSF. Their correlation of 0.81 suggests significant overlap in exposure. MDPL charges 1.24%/yr vs 0.27%/yr for AUSF.

Performance

MDPL vs. AUSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Dividend Plus ETF (MDPL) and Global X Adaptive U.S. Factor ETF (AUSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDPL achieves a -7.59% return, which is significantly lower than AUSF's 5.74% return.

MDPL

• 1D: -1.12%
• 1M: -6.08%
• YTD: -7.59%
• 6M: -8.10%
• 1Y: -2.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AUSF

• 1D: 0.02%
• 1M: -2.24%
• YTD: 5.74%
• 6M: 4.91%
• 1Y: 14.20%
• 3Y*: 19.47%
• 5Y*: 13.33%
• 10Y*: —

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

MDPL vs. AUSF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MDPL Monarch Dividend Plus ETF	-7.59%	7.57%	0.42%
AUSF Global X Adaptive U.S. Factor ETF	5.74%	13.69%	8.86%

Correlation

The correlation between MDPL and AUSF is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.81

The correlation between MDPL and AUSF has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

Return for Risk

MDPL vs. AUSF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDPL

MDPL Risk / Return Rank: 7
MDPL Sharpe Ratio Rank: 7
MDPL Sortino Ratio Rank: 7
MDPL Omega Ratio Rank: 7
MDPL Calmar Ratio Rank: 7
MDPL Martin Ratio Rank: 7

AUSF

AUSF Risk / Return Rank: 42
AUSF Sharpe Ratio Rank: 40
AUSF Sortino Ratio Rank: 40
AUSF Omega Ratio Rank: 37
AUSF Calmar Ratio Rank: 51
AUSF Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDPL vs. AUSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Dividend Plus ETF (MDPL) and Global X Adaptive U.S. Factor ETF (AUSF). 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.

	MDPL	AUSF	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	1.39	-1.54
Sortino ratio: Return per unit of downside risk	-0.10	2.01	-2.11
Omega ratio: Gain probability vs. loss probability	0.99	1.24	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.19	2.44	-2.63
Martin ratio: Return relative to average drawdown	-0.44	6.97	-7.41

MDPL vs. AUSF - Sharpe Ratio Comparison

The current MDPL Sharpe Ratio is -0.14, which is lower than the AUSF Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of MDPL and AUSF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MDPL vs. AUSF - Drawdown Comparison

The maximum MDPL drawdown since its inception was -14.21%, smaller than the maximum AUSF drawdown of -44.25%. Use the drawdown chart below to compare losses from any high point for MDPL and AUSF.

Drawdown Indicators

	MDPL	AUSF	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	-44.25%	+30.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-5.84%	-6.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.23%	—
Current Drawdown Current decline from peak	-11.84%	-3.24%	-8.60%
Average Drawdown Average peak-to-trough decline	-4.43%	-4.20%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.08%	2.04%	+3.04%

Volatility

MDPL vs. AUSF - Volatility Comparison

Monarch Dividend Plus ETF (MDPL) has a higher volatility of 4.94% compared to Global X Adaptive U.S. Factor ETF (AUSF) at 2.91%. This indicates that MDPL's price experiences larger fluctuations and is considered to be riskier than AUSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDPL	AUSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	2.91%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	6.91%	+4.32%
Volatility (1Y) Calculated over the trailing 1-year period	15.66%	10.27%	+5.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	13.62%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	19.03%	-3.81%

MDPL vs. AUSF - Expense Ratio Comparison

MDPL has a 1.24% expense ratio, which is higher than AUSF's 0.27% expense ratio.

Dividends

MDPL vs. AUSF - Dividend Comparison

MDPL's dividend yield for the trailing twelve months is around 1.40%, less than AUSF's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AUSF Global X Adaptive U.S. Factor ETF	2.78%	2.78%	2.63%	1.83%	2.51%	2.22%	2.95%	4.02%	1.46%
MDPL Monarch Dividend Plus ETF	1.40%	1.42%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MDPL and AUSF in my portfolio?

MDPL and AUSF have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDPL or AUSF?

MDPL has higher volatility (4.94%) compared to AUSF (2.91%). In terms of maximum drawdown, MDPL dropped -14.21% vs AUSF's -44.25%.

Which ETF is better, MDPL or AUSF?

On 1-year performance, AUSF leads with 14.20% vs -2.23% for MDPL. On fees, AUSF is cheaper at 0.27% per year. On volatility, AUSF has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MDPL or AUSF?

Over the 1-year period, AUSF has performed better with a 14.20% return vs -2.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MDPL or AUSF?

AUSF is cheaper with a 0.27% expense ratio, compared with 1.24% for MDPL.

Which ETF pays a higher dividend yield, MDPL or AUSF?

AUSF has the higher dividend yield at 2.78%, compared with 1.40% for MDPL.

What is the main difference between MDPL and AUSF?

MDPL tracks Monarch Dividend Plus Index, while AUSF tracks Adaptive Wealth Strategies U.S. Factor Index. They also come from different issuers: Monarch and Global X. Their fees differ too: 1.24% for MDPL and 0.27% for AUSF.

Which has better risk-adjusted returns?

AUSF currently has the higher Sharpe Ratio (1.39 vs -0.14), 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.