MVFD vs. SPLS

Last updated Jun 23, 2026

MVFD (Monarch Volume Factor Dividend Tree ETF) and SPLS (PIMCO U.S. Stocks PLUS Active Bond ETF) are both Diversified Portfolio funds. MVFD is passively managed, while SPLS is actively managed. At a 0.41 correlation, their price movements are largely independent. MVFD charges 1.19%/yr vs 0.18%/yr for SPLS.

Performance

MVFD vs. SPLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Volume Factor Dividend Tree ETF (MVFD) and PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MVFD

• 1D: 0.58%
• 1M: -2.19%
• YTD: 7.08%
• 6M: 4.31%
• 1Y: 19.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPLS

• 1D: -0.54%
• 1M: 0.20%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVFD vs. SPLS - Yearly Performance Comparison

	2026 (YTD)
MVFD Monarch Volume Factor Dividend Tree ETF	-0.80%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	8.34%

Correlation

The correlation between MVFD and SPLS is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 16, 2026	0.41

Return for Risk

MVFD vs. SPLS — Risk / Return Rank

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

MVFD

MVFD Risk / Return Rank: 40
MVFD Sharpe Ratio Rank: 38
MVFD Sortino Ratio Rank: 37
MVFD Omega Ratio Rank: 37
MVFD Calmar Ratio Rank: 46
MVFD Martin Ratio Rank: 41

SPLS

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

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.

MVFD vs. SPLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Volume Factor Dividend Tree ETF (MVFD) and PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS). 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.

	MVFD	SPLS	Difference
Sharpe ratio: Return per unit of total volatility	1.31	—	—
Sortino ratio: Return per unit of downside risk	1.89	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.20	—	—
Martin ratio: Return relative to average drawdown	6.43	—	—

Drawdowns

MVFD vs. SPLS - Drawdown Comparison

The maximum MVFD drawdown since its inception was -19.07%, which is greater than SPLS's maximum drawdown of -9.24%. Use the drawdown chart below to compare losses from any high point for MVFD and SPLS.

Drawdown Indicators

	MVFD	SPLS	Difference
Max Drawdown Largest peak-to-trough decline	-19.07%	-9.24%	-9.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.08%	—	—
Current Drawdown Current decline from peak	-4.05%	-1.60%	-2.45%
Average Drawdown Average peak-to-trough decline	-3.92%	-1.86%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	—	—

Volatility

Volatility by Period

	MVFD	SPLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	15.51%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	15.51%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.02%	15.51%	+1.51%

MVFD vs. SPLS - Expense Ratio Comparison

MVFD has a 1.19% expense ratio, which is higher than SPLS's 0.18% expense ratio.

Dividends

MVFD vs. SPLS - Dividend Comparison

MVFD's dividend yield for the trailing twelve months is around 1.47%, more than SPLS's 0.22% yield.

Position	TTM	2025	2024
MVFD Monarch Volume Factor Dividend Tree ETF	1.47%	1.34%	1.38%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	0.22%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MVFD and SPLS in my portfolio?

MVFD and SPLS have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVFD or SPLS?

On fees, SPLS is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVFD or SPLS?

SPLS is cheaper with a 0.18% expense ratio, compared with 1.19% for MVFD.

Which ETF pays a higher dividend yield, MVFD or SPLS?

MVFD has the higher dividend yield at 1.47%, compared with 0.22% for SPLS.

What is the main difference between MVFD and SPLS?

They also come from different issuers: Monarch and PIMCO. Their fees differ too: 1.19% for MVFD and 0.18% for SPLS.