MVFG vs. HERD
MVFG (Monarch Volume Factor Global Unconstrained ETF) and HERD (Pacer Cash Cows Fund of Funds ETF) are both Global Equities funds - MVFG tracks the Monarch Volume Factor Global Unconstrained Index while HERD tracks the Pacer Cash Cows Fund of Funds Index. Both are passively managed. Over the past year, MVFG returned 29.12% vs 30.07% for HERD. Their 0.69 correlation means they have sometimes moved together and sometimes differently. MVFG charges 1.42%/yr vs 0.73%/yr for HERD.
Performance
MVFG vs. HERD - Performance Comparison
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Returns By Period
In the year-to-date period, MVFG achieves a 14.13% return, which is significantly lower than HERD's 15.74% return.
MVFG
- 1D
- 0.85%
- 1M
- 1.01%
- 6M
- 4.35%
- YTD
- 14.13%
- 1Y
- 29.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.86%
HERD
- 1D
- 0.67%
- 1M
- 4.93%
- 6M
- 10.72%
- YTD
- 15.74%
- 1Y
- 30.07%
- 3Y*
- 15.21%
- 5Y*
- 10.62%
- 10Y*
- —
- ALL TIME*
- 13.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $195.14K | $192.80K | $183.30K | |
| $371.03K | $675.22K | $638.87K |
MVFG vs. HERD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MVFG Monarch Volume Factor Global Unconstrained ETF | 14.13% | 20.98% | 5.38% |
HERD Pacer Cash Cows Fund of Funds ETF | 15.74% | 19.07% | 2.58% |
Correlation
The correlation between MVFG and HERD is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.69 |
The correlation between MVFG and HERD has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
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Return for Risk
MVFG vs. HERD — Risk / Return Rank
MVFG
HERD
MVFG vs. HERD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monarch Volume Factor Global Unconstrained ETF (MVFG) and Pacer Cash Cows Fund of Funds ETF (HERD). 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.
| MVFG | HERD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.47 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 5.32 | -3.41 |
| Martin ratioReturn relative to average drawdown | 7.62 | 16.52 | -8.89 |
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Drawdowns
MVFG vs. HERD - Drawdown Comparison
The maximum MVFG drawdown since its inception was -15.34%, smaller than the maximum HERD drawdown of -39.41%. Use the drawdown chart below to compare losses from any high point for MVFG and HERD.
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Drawdown Indicators
| MVFG | HERD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.34% | -39.41% | +24.07% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -5.68% | -9.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.60% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -4.50% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 1.83% | +2.00% |
Volatility
MVFG vs. HERD - Volatility Comparison
The current volatility for Monarch Volume Factor Global Unconstrained ETF (MVFG) is 2.82%, while Pacer Cash Cows Fund of Funds ETF (HERD) has a volatility of 3.34%. This indicates that MVFG experiences smaller price fluctuations and is considered to be less risky than HERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVFG | HERD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 3.34% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 8.72% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 11.75% | +7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 17.69% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 20.36% | -5.15% |
MVFG vs. HERD - Expense Ratio Comparison
MVFG has a 1.42% expense ratio, which is higher than HERD's 0.73% expense ratio.
Dividends
MVFG vs. HERD - Dividend Comparison
MVFG's dividend yield for the trailing twelve months is around 1.51%, less than HERD's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HERD Pacer Cash Cows Fund of Funds ETF | 2.71% | 3.75% | 2.43% | 2.54% | 2.50% | 2.02% | 1.95% | 1.69% |
MVFG Monarch Volume Factor Global Unconstrained ETF | 1.51% | 1.90% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MVFG and HERD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HERD has higher volatility (3.34%) compared to MVFG (2.82%). In terms of maximum drawdown, MVFG dropped -15.34% vs HERD's -39.41%.
On 1-year performance, HERD leads with 30.07% vs 29.12% for MVFG. On fees, HERD is cheaper at 0.73% per year. On volatility, MVFG has been the lower-risk option at 2.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HERD has performed better with a 30.07% return vs 29.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HERD is cheaper with a 0.73% expense ratio, compared with 1.42% for MVFG.
HERD has the higher dividend yield at 2.71%, compared with 1.51% for MVFG.
MVFG tracks Monarch Volume Factor Global Unconstrained Index, while HERD tracks Pacer Cash Cows Fund of Funds Index. They also come from different issuers: Monarch and Pacer. Their fees differ too: 1.42% for MVFG and 0.73% for HERD.
HERD currently has the higher Sharpe Ratio (2.58 vs 1.54), 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.
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