MSSS vs. MBCE

Last updated Aug 1, 2026

MSSS (Monarch Select Subsector ETF) and MBCE (Monarch Blue Chips Elite Index ETF) are both exchange-traded funds - MSSS is a Mid Cap Blend Equities fund tracking the Monarch Select Subsector Index, while MBCE is a Large Cap Growth Equities fund tracking the Monarch Blue Chips Elite Index. Both are passively managed. Their 0.29 correlation means their historical movements had little consistent relationship. MSSS charges 1.43%/yr vs 1.14%/yr for MBCE.

Performance

MSSS vs. MBCE - Performance Comparison

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

Returns By Period

MSSS

• 1D: -0.81%
• 1M: -2.45%
• 6M: 15.36%
• YTD: 17.46%
• 1Y: 24.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.60%

MBCE

• 1D: -0.27%
• 1M: -7.80%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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	$751.32K	$892.92K	$1.02M
MSSS Monarch Select Subsector ETF	$442.76K	$511.34K	$417.85K

MSSS vs. MBCE - Yearly Performance Comparison

	2026 (YTD)
MSSS Monarch Select Subsector ETF	3.54%
MBCE Monarch Blue Chips Elite Index ETF	-8.47%

Correlation

The correlation between MSSS and MBCE is 0.29, 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	0.29

Return for Risk

MSSS vs. MBCE — Risk / Return Rank

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

MSSS

MSSS Risk / Return Rank: 74
MSSS Sharpe Ratio Rank: 78
MSSS Sortino Ratio Rank: 81
MSSS Omega Ratio Rank: 73
MSSS Calmar Ratio Rank: 65
MSSS Martin Ratio Rank: 72

MBCE

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

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.

MSSS vs. MBCE - Risk-Adjusted Trends Comparison

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

	MSSS	MBCE	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.67	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.31	—	—
Martin ratio: Return relative to average drawdown	9.05	—	—

Drawdowns

MSSS vs. MBCE - Drawdown Comparison

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

Drawdown Indicators

	MSSS	MBCE	Difference
Max Drawdown Largest peak-to-trough decline	-19.14%	-17.37%	-1.77%
Max Drawdown (1Y) Largest decline over 1 year	-10.18%	—	—
Current Drawdown Current decline from peak	-2.75%	-13.03%	+10.28%
Average Drawdown Average peak-to-trough decline	-2.95%	-5.97%	+3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	—	—

Volatility

Volatility by Period

	MSSS	MBCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.16%	42.02%	-28.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	42.02%	-26.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.80%	42.02%	-26.22%

MSSS vs. MBCE - Expense Ratio Comparison

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

Dividends

MSSS vs. MBCE - Dividend Comparison

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

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 MSSS and MBCE in my portfolio?

MSSS and MBCE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSSS or MBCE?

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, MSSS or MBCE?

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

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

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

What is the main difference between MSSS and MBCE?

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