MSSS vs. MAMB

Last updated Jun 4, 2026

MSSS (Monarch Select Subsector ETF) and MAMB (Monarch Ambassador Income ETF) are both exchange-traded funds - MSSS is a Mid Cap Blend Equities fund tracking the Monarch Select Subsector Index, while MAMB is a Intermediate Core-Plus Bond fund tracking the Monarch Ambassador Income Index. Both are passively managed. Over the past year, MSSS returned 19.87% vs 9.37% for MAMB. At a 0.33 correlation, their price movements are largely independent. MSSS charges 1.43%/yr vs 1.49%/yr for MAMB.

Performance

MSSS vs. MAMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Select Subsector ETF (MSSS) 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, MSSS achieves a 12.62% return, which is significantly higher than MAMB's 2.01% return.

MSSS

• 1D: -0.73%
• 1M: 4.26%
• YTD: 12.62%
• 6M: 11.81%
• 1Y: 19.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAMB

• 1D: -0.26%
• 1M: 0.63%
• YTD: 2.01%
• 6M: 1.90%
• 1Y: 9.37%
• 3Y*: 5.37%
• 5Y*: 0.72%
• 10Y*: —

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

MSSS vs. MAMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSSS Monarch Select Subsector ETF	12.62%	10.31%	9.27%
MAMB Monarch Ambassador Income ETF	2.01%	10.69%	1.78%

Correlation

The correlation between MSSS and MAMB is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.33

Return for Risk

MSSS vs. MAMB — Risk / Return Rank

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

MSSS

MSSS Risk / Return Rank: 44
MSSS Sharpe Ratio Rank: 44
MSSS Sortino Ratio Rank: 46
MSSS Omega Ratio Rank: 41
MSSS Calmar Ratio Rank: 40
MSSS Martin Ratio Rank: 48

MAMB

MAMB Risk / Return Rank: 48
MAMB Sharpe Ratio Rank: 48
MAMB Sortino Ratio Rank: 47
MAMB Omega Ratio Rank: 47
MAMB Calmar Ratio Rank: 53
MAMB Martin Ratio Rank: 46

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.

MSSS vs. MAMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Select Subsector ETF (MSSS) 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.

	MSSS	MAMB	Difference
Sharpe ratio Return per unit of total volatility	1.52	1.66	-0.13
Sortino ratio Return per unit of downside risk	2.27	2.33	-0.06
Omega ratio Gain probability vs. loss probability	1.26	1.29	-0.03
Calmar ratio Return relative to maximum drawdown	1.96	2.65	-0.69
Martin ratio Return relative to average drawdown	7.71	7.49	+0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSSS vs. MAMB - Sharpe Ratio Comparison

The current MSSS Sharpe Ratio is 1.52, which is comparable to the MAMB Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of MSSS 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.

Sharpe Ratios by Period

	MSSS	MAMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.66	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.16	+0.76

Drawdowns

MSSS vs. MAMB - Drawdown Comparison

The maximum MSSS drawdown since its inception was -19.14%, roughly equal to the maximum MAMB drawdown of -19.33%. Use the drawdown chart below to compare losses from any high point for MSSS and MAMB.

Drawdown Indicators

	MSSS	MAMB	Difference
Max Drawdown Largest peak-to-trough decline	-19.14%	-19.33%	+0.19%
Max Drawdown (1Y) Largest decline over 1 year	-10.18%	-3.55%	-6.63%
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	-1.31%	-1.65%	+0.34%
Average Drawdown Average peak-to-trough decline	-3.08%	-7.50%	+4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	1.25%	+1.33%

Volatility

MSSS vs. MAMB - Volatility Comparison

Monarch Select Subsector ETF (MSSS) has a higher volatility of 3.13% compared to Monarch Ambassador Income ETF (MAMB) at 1.72%. This indicates that MSSS'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

	MSSS	MAMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	1.72%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	9.81%	4.21%	+5.60%
Volatility (1Y) Calculated over the trailing 1-year period	13.11%	5.67%	+7.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	6.99%	+9.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.04%	6.91%	+9.13%

MSSS vs. MAMB - Expense Ratio Comparison

MSSS has a 1.43% expense ratio, which is lower than MAMB's 1.49% expense ratio.

Dividends

MSSS vs. MAMB - Dividend Comparison

MSSS's dividend yield for the trailing twelve months is around 0.34%, less than MAMB's 2.44% yield.

Position	TTM	2025	2024	2023	2022	2021
MAMB Monarch Ambassador Income ETF	2.44%	2.47%	2.11%	1.73%	0.92%	0.56%
MSSS Monarch Select Subsector ETF	0.34%	0.21%	0.42%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSSS and MAMB in my portfolio?

MSSS and MAMB have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSSS or MAMB?

MSSS has higher volatility (3.13%) compared to MAMB (1.72%). In terms of maximum drawdown, MSSS dropped -19.14% vs MAMB's -19.33%.

Which ETF is better, MSSS or MAMB?

On 1-year performance, MSSS leads with 19.87% vs 9.37% for MAMB. On fees, MSSS is cheaper at 1.43% per year. On volatility, MAMB has been the lower-risk option at 1.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSSS or MAMB?

Over the 1-year period, MSSS has performed better with a 19.87% return vs 9.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSSS or MAMB?

MSSS is cheaper with a 1.43% expense ratio, compared with 1.49% for MAMB.

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

MAMB has the higher dividend yield at 2.44%, compared with 0.34% for MSSS.

What is the main difference between MSSS and MAMB?

MSSS is categorized as Mid Cap Blend Equities, while MAMB is Intermediate Core-Plus Bond. MSSS tracks Monarch Select Subsector Index, while MAMB tracks Monarch Ambassador Income Index. Their fees differ too: 1.43% for MSSS and 1.49% for MAMB.

Which has better risk-adjusted returns?

MAMB currently has the higher Sharpe Ratio (1.66 vs 1.52), 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.