MSSS vs. USMF

Last updated Jun 4, 2026

MSSS (Monarch Select Subsector ETF) and USMF (WisdomTree US Multifactor Fund) are both Mid Cap Blend Equities funds - MSSS tracks the Monarch Select Subsector Index while USMF tracks the WisdomTree US Multifactor Index. Both are passively managed. Over the past year, MSSS returned 19.87% vs 6.28% for USMF. Their correlation of 0.81 suggests significant overlap in exposure. MSSS charges 1.43%/yr vs 0.28%/yr for USMF.

Performance

MSSS vs. USMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Select Subsector ETF (MSSS) and WisdomTree US Multifactor Fund (USMF). 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 USMF's 4.36% return.

MSSS

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

USMF

• 1D: -0.56%
• 1M: 3.76%
• YTD: 4.36%
• 6M: 4.80%
• 1Y: 6.28%
• 3Y*: 14.13%
• 5Y*: 7.67%
• 10Y*: —

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

MSSS vs. USMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSSS Monarch Select Subsector ETF	12.62%	10.31%	9.27%
USMF WisdomTree US Multifactor Fund	4.36%	4.60%	10.37%

Correlation

The correlation between MSSS and USMF is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.81

The correlation between MSSS and USMF has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

Return for Risk

MSSS vs. USMF — 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

USMF

USMF Risk / Return Rank: 19
USMF Sharpe Ratio Rank: 18
USMF Sortino Ratio Rank: 17
USMF Omega Ratio Rank: 17
USMF Calmar Ratio Rank: 22
USMF Martin Ratio Rank: 23

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. USMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Select Subsector ETF (MSSS) and WisdomTree US Multifactor Fund (USMF). 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	USMF	Difference
Sharpe ratio Return per unit of total volatility	1.52	0.58	+0.94
Sortino ratio Return per unit of downside risk	2.27	0.89	+1.38
Omega ratio Gain probability vs. loss probability	1.26	1.10	+0.16
Calmar ratio Return relative to maximum drawdown	1.96	0.98	+0.98
Martin ratio Return relative to average drawdown	7.71	2.93	+4.78
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. USMF - Sharpe Ratio Comparison

The current MSSS Sharpe Ratio is 1.52, which is higher than the USMF Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of MSSS and USMF, 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	USMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	0.58	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.63	+0.29

Drawdowns

MSSS vs. USMF - Drawdown Comparison

The maximum MSSS drawdown since its inception was -19.14%, smaller than the maximum USMF drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for MSSS and USMF.

Drawdown Indicators

	MSSS	USMF	Difference
Max Drawdown Largest peak-to-trough decline	-19.14%	-36.24%	+17.10%
Max Drawdown (1Y) Largest decline over 1 year	-10.18%	-6.47%	-3.71%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.10%	—
Current Drawdown Current decline from peak	-1.31%	-0.56%	-0.75%
Average Drawdown Average peak-to-trough decline	-3.08%	-4.16%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.15%	+0.43%

Volatility

MSSS vs. USMF - Volatility Comparison

Monarch Select Subsector ETF (MSSS) has a higher volatility of 3.13% compared to WisdomTree US Multifactor Fund (USMF) at 2.30%. This indicates that MSSS's price experiences larger fluctuations and is considered to be riskier than USMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSSS	USMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	2.30%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	9.81%	7.43%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.11%	10.79%	+2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	14.27%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.04%	16.97%	-0.93%

MSSS vs. USMF - Expense Ratio Comparison

MSSS has a 1.43% expense ratio, which is higher than USMF's 0.28% expense ratio.

Dividends

MSSS vs. USMF - Dividend Comparison

MSSS's dividend yield for the trailing twelve months is around 0.34%, less than USMF's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSSS Monarch Select Subsector ETF	0.34%	0.21%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMF WisdomTree US Multifactor Fund	1.32%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%

Frequently Asked Questions

Can I hold both MSSS and USMF in my portfolio?

MSSS and USMF have a correlation of 0.76, 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 USMF?

MSSS has higher volatility (3.13%) compared to USMF (2.30%). In terms of maximum drawdown, MSSS dropped -19.14% vs USMF's -36.24%.

Which ETF is better, MSSS or USMF?

On 1-year performance, MSSS leads with 19.87% vs 6.28% for USMF. On fees, USMF is cheaper at 0.28% per year. On volatility, USMF has been the lower-risk option at 2.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSSS or USMF?

Over the 1-year period, MSSS has performed better with a 19.87% return vs 6.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSSS or USMF?

USMF is cheaper with a 0.28% expense ratio, compared with 1.43% for MSSS.

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

USMF has the higher dividend yield at 1.32%, compared with 0.34% for MSSS.

What is the main difference between MSSS and USMF?

MSSS tracks Monarch Select Subsector Index, while USMF tracks WisdomTree US Multifactor Index. They also come from different issuers: Monarch and WisdomTree. Their fees differ too: 1.43% for MSSS and 0.28% for USMF.

Which has better risk-adjusted returns?

MSSS currently has the higher Sharpe Ratio (1.52 vs 0.58), 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.