MDPL vs. MAMB

Last updated Jul 11, 2026

MDPL (Monarch Dividend Plus ETF) and MAMB (Monarch Ambassador Income ETF) are both exchange-traded funds - MDPL is a Mid Cap Value Equities fund tracking the Monarch Dividend Plus Index, while MAMB is a Intermediate Core-Plus Bond fund tracking the Monarch Ambassador Income Index. Both are passively managed. Over the past year, MDPL returned 0.34% vs 6.90% for MAMB. At a 0.18 correlation, their price movements are largely independent. MDPL charges 1.24%/yr vs 1.49%/yr for MAMB.

Performance

MDPL vs. MAMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Dividend Plus ETF (MDPL) and Monarch Ambassador Income ETF (MAMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDPL achieves a -2.31% return, which is significantly lower than MAMB's 0.82% return.

MDPL

• 1D: 0.23%
• 1M: -0.74%
• 6M: -6.22%
• YTD: -2.31%
• 1Y: 0.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAMB

• 1D: -0.06%
• 1M: -0.84%
• 6M: -0.00%
• YTD: 0.82%
• 1Y: 6.90%
• 3Y*: 5.41%
• 5Y*: 0.42%
• 10Y*: —

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

MDPL vs. MAMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MDPL Monarch Dividend Plus ETF	-2.31%	7.57%	0.42%
MAMB Monarch Ambassador Income ETF	0.82%	10.69%	1.92%

Correlation

The correlation between MDPL and MAMB is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.18

Return for Risk

MDPL vs. MAMB — Risk / Return Rank

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

MDPL

MDPL Risk / Return Rank: 9
MDPL Sharpe Ratio Rank: 9
MDPL Sortino Ratio Rank: 8
MDPL Omega Ratio Rank: 8
MDPL Calmar Ratio Rank: 9
MDPL Martin Ratio Rank: 9

MAMB

MAMB Risk / Return Rank: 38
MAMB Sharpe Ratio Rank: 39
MAMB Sortino Ratio Rank: 36
MAMB Omega Ratio Rank: 36
MAMB Calmar Ratio Rank: 44
MAMB Martin Ratio Rank: 37

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. MAMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Dividend Plus ETF (MDPL) and Monarch Ambassador Income ETF (MAMB). 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	MAMB	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	1.13	-1.16
Sortino ratio: Return per unit of downside risk	0.07	1.58	-1.51
Omega ratio: Gain probability vs. loss probability	1.01	1.20	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.04	1.82	-1.86
Martin ratio: Return relative to average drawdown	-0.10	4.56	-4.66

MDPL vs. MAMB - Sharpe Ratio Comparison

The current MDPL Sharpe Ratio is -0.03, which is lower than the MAMB Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of MDPL and MAMB, 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. MAMB - Drawdown Comparison

The maximum MDPL drawdown since its inception was -14.21%, smaller than the maximum MAMB drawdown of -19.33%. Use the drawdown chart below to compare losses from any high point for MDPL and MAMB.

Drawdown Indicators

	MDPL	MAMB	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	-19.33%	+5.12%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-3.55%	-8.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.33%	—
Current Drawdown Current decline from peak	-6.80%	-2.80%	-4.00%
Average Drawdown Average peak-to-trough decline	-4.54%	-7.40%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.51%	1.41%	+4.10%

Volatility

MDPL vs. MAMB - Volatility Comparison

Monarch Dividend Plus ETF (MDPL) has a higher volatility of 6.12% compared to Monarch Ambassador Income ETF (MAMB) at 1.70%. This indicates that MDPL's price experiences larger fluctuations and is considered to be riskier than MAMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDPL	MAMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	1.70%	+4.42%
Volatility (6M) Calculated over the trailing 6-month period	11.95%	4.46%	+7.49%
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	5.72%	+10.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.36%	7.03%	+8.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	6.89%	+8.47%

MDPL vs. MAMB - Expense Ratio Comparison

MDPL has a 1.24% expense ratio, which is lower than MAMB's 1.49% expense ratio.

Dividends

MDPL vs. MAMB - Dividend Comparison

MDPL's dividend yield for the trailing twelve months is around 1.58%, less than MAMB's 2.68% yield.

Position	TTM	2025	2024	2023	2022	2021
MAMB Monarch Ambassador Income ETF	2.68%	2.47%	2.11%	1.73%	0.92%	0.56%
MDPL Monarch Dividend Plus ETF	1.58%	1.42%	1.02%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MDPL and MAMB in my portfolio?

MDPL and MAMB have a correlation of 0.11, 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 MAMB?

MDPL has higher volatility (6.12%) compared to MAMB (1.70%). In terms of maximum drawdown, MDPL dropped -14.21% vs MAMB's -19.33%.

Which ETF is better, MDPL or MAMB?

On 1-year performance, MAMB leads with 6.90% vs 0.34% for MDPL. On fees, MDPL is cheaper at 1.24% per year. On volatility, MAMB has been the lower-risk option at 1.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MDPL or MAMB?

Over the 1-year period, MAMB has performed better with a 6.90% return vs 0.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MDPL or MAMB?

MDPL is cheaper with a 1.24% expense ratio, compared with 1.49% for MAMB.

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

MAMB has the higher dividend yield at 2.68%, compared with 1.58% for MDPL.

What is the main difference between MDPL and MAMB?

MDPL is categorized as Mid Cap Value Equities, while MAMB is Intermediate Core-Plus Bond. MDPL tracks Monarch Dividend Plus Index, while MAMB tracks Monarch Ambassador Income Index. Their fees differ too: 1.24% for MDPL and 1.49% for MAMB.

Which has better risk-adjusted returns?

MAMB currently has the higher Sharpe Ratio (1.13 vs -0.03), 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.