MDPL vs. IBMO

Last updated Jun 23, 2026

MDPL (Monarch Dividend Plus ETF) and IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) are both exchange-traded funds - MDPL is a Mid Cap Value Equities fund tracking the Monarch Dividend Plus Index, while IBMO is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. Both are passively managed. Over the past year, MDPL returned -2.23% vs 2.58% for IBMO. At a 0.04 correlation, their price movements are largely independent. MDPL charges 1.24%/yr vs 0.18%/yr for IBMO.

Performance

MDPL vs. IBMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Dividend Plus ETF (MDPL) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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 IBMO's 1.01% return.

MDPL

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

IBMO

• 1D: 0.04%
• 1M: 0.17%
• YTD: 1.01%
• 6M: 1.02%
• 1Y: 2.58%
• 3Y*: 2.79%
• 5Y*: 0.70%
• 10Y*: —

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

MDPL vs. IBMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MDPL Monarch Dividend Plus ETF	-7.59%	7.57%	0.42%
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF	1.01%	3.11%	1.95%

Correlation

The correlation between MDPL and IBMO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.04

Return for Risk

MDPL vs. IBMO — 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

IBMO

IBMO Risk / Return Rank: 86
IBMO Sharpe Ratio Rank: 76
IBMO Sortino Ratio Rank: 87
IBMO Omega Ratio Rank: 83
IBMO Calmar Ratio Rank: 94
IBMO Martin Ratio Rank: 91

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. IBMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Dividend Plus ETF (MDPL) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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	IBMO	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	2.35	-2.50
Sortino ratio: Return per unit of downside risk	-0.10	3.77	-3.87
Omega ratio: Gain probability vs. loss probability	0.99	1.48	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.19	6.84	-7.03
Martin ratio: Return relative to average drawdown	-0.44	20.33	-20.77

MDPL vs. IBMO - Sharpe Ratio Comparison

The current MDPL Sharpe Ratio is -0.14, which is lower than the IBMO Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of MDPL and IBMO, 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. IBMO - Drawdown Comparison

The maximum MDPL drawdown since its inception was -14.21%, roughly equal to the maximum IBMO drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for MDPL and IBMO.

Drawdown Indicators

	MDPL	IBMO	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	-14.77%	+0.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-0.38%	-11.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.86%	—
Current Drawdown Current decline from peak	-11.84%	-0.01%	-11.83%
Average Drawdown Average peak-to-trough decline	-4.43%	-2.31%	-2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.08%	0.13%	+4.95%

Volatility

MDPL vs. IBMO - Volatility Comparison

Monarch Dividend Plus ETF (MDPL) has a higher volatility of 4.94% compared to iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) at 0.22%. This indicates that MDPL's price experiences larger fluctuations and is considered to be riskier than IBMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDPL	IBMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	0.22%	+4.72%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	0.79%	+10.44%
Volatility (1Y) Calculated over the trailing 1-year period	15.66%	1.10%	+14.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	2.14%	+13.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	4.50%	+10.72%

MDPL vs. IBMO - Expense Ratio Comparison

MDPL has a 1.24% expense ratio, which is higher than IBMO's 0.18% expense ratio.

Dividends

MDPL vs. IBMO - Dividend Comparison

MDPL's dividend yield for the trailing twelve months is around 1.40%, less than IBMO's 2.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF	2.39%	2.37%	2.15%	1.65%	0.89%	0.62%	1.03%	1.01%
MDPL Monarch Dividend Plus ETF	1.40%	1.42%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MDPL and IBMO in my portfolio?

MDPL and IBMO have a correlation of -0.04, 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 IBMO?

MDPL has higher volatility (4.94%) compared to IBMO (0.22%). In terms of maximum drawdown, MDPL dropped -14.21% vs IBMO's -14.77%.

Which ETF is better, MDPL or IBMO?

On 1-year performance, IBMO leads with 2.58% vs -2.23% for MDPL. On fees, IBMO is cheaper at 0.18% per year. On volatility, IBMO has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MDPL or IBMO?

Over the 1-year period, IBMO has performed better with a 2.58% 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 IBMO?

IBMO is cheaper with a 0.18% expense ratio, compared with 1.24% for MDPL.

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

IBMO has the higher dividend yield at 2.39%, compared with 1.40% for MDPL.

What is the main difference between MDPL and IBMO?

MDPL is categorized as Mid Cap Value Equities, while IBMO is Municipal Bonds. MDPL tracks Monarch Dividend Plus Index, while IBMO tracks S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. They also come from different issuers: Monarch and iShares. Their fees differ too: 1.24% for MDPL and 0.18% for IBMO.

Which has better risk-adjusted returns?

IBMO currently has the higher Sharpe Ratio (2.35 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.