MVFG vs. MAMB

Last updated Jun 4, 2026

MVFG (Monarch Volume Factor Global Unconstrained ETF) and MAMB (Monarch Ambassador Income ETF) are both exchange-traded funds - MVFG is a Global Equities fund tracking the Monarch Volume Factor Global Unconstrained Index, while MAMB is a Intermediate Core-Plus Bond fund tracking the Monarch Ambassador Income Index. Both are passively managed. Over the past year, MVFG returned 28.24% vs 9.37% for MAMB. At a 0.36 correlation, their price movements are largely independent. MVFG charges 1.42%/yr vs 1.49%/yr for MAMB.

Performance

MVFG vs. MAMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Volume Factor Global Unconstrained ETF (MVFG) 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, MVFG achieves a 12.12% return, which is significantly higher than MAMB's 2.01% return.

MVFG

• 1D: -0.77%
• 1M: 3.29%
• YTD: 12.12%
• 6M: 13.45%
• 1Y: 28.24%
• 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)

MVFG vs. MAMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MVFG Monarch Volume Factor Global Unconstrained ETF	12.12%	20.98%	5.33%
MAMB Monarch Ambassador Income ETF	2.01%	10.69%	1.78%

Correlation

The correlation between MVFG and MAMB is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.36

Return for Risk

MVFG vs. MAMB — Risk / Return Rank

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

MVFG

MVFG Risk / Return Rank: 43
MVFG Sharpe Ratio Rank: 44
MVFG Sortino Ratio Rank: 42
MVFG Omega Ratio Rank: 46
MVFG Calmar Ratio Rank: 38
MVFG Martin Ratio Rank: 46

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.

MVFG vs. MAMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Volume Factor Global Unconstrained ETF (MVFG) 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.

	MVFG	MAMB	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.66	-0.15
Sortino ratio: Return per unit of downside risk	2.09	2.33	-0.23
Omega ratio: Gain probability vs. loss probability	1.28	1.29	-0.01
Calmar ratio: Return relative to maximum drawdown	1.85	2.65	-0.80
Martin ratio: Return relative to average drawdown	7.37	7.49	-0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MVFG vs. MAMB - Sharpe Ratio Comparison

The current MVFG Sharpe Ratio is 1.51, which is comparable to the MAMB Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of MVFG 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

	MVFG	MAMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	1.66	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.16	+0.97

Drawdowns

MVFG vs. MAMB - Drawdown Comparison

The maximum MVFG drawdown since its inception was -15.34%, smaller than the maximum MAMB drawdown of -19.33%. Use the drawdown chart below to compare losses from any high point for MVFG and MAMB.

Drawdown Indicators

	MVFG	MAMB	Difference
Max Drawdown Largest peak-to-trough decline	-15.34%	-19.33%	+3.99%
Max Drawdown (1Y) Largest decline over 1 year	-15.34%	-3.55%	-11.79%
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	-0.77%	-1.65%	+0.88%
Average Drawdown Average peak-to-trough decline	-2.57%	-7.50%	+4.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	1.25%	+2.59%

Volatility

MVFG vs. MAMB - Volatility Comparison

Monarch Volume Factor Global Unconstrained ETF (MVFG) has a higher volatility of 3.74% compared to Monarch Ambassador Income ETF (MAMB) at 1.72%. This indicates that MVFG'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

	MVFG	MAMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	1.72%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	4.21%	+7.51%
Volatility (1Y) Calculated over the trailing 1-year period	18.75%	5.67%	+13.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	6.99%	+8.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	6.91%	+8.48%

MVFG vs. MAMB - Expense Ratio Comparison

MVFG has a 1.42% expense ratio, which is lower than MAMB's 1.49% expense ratio.

Dividends

MVFG vs. MAMB - Dividend Comparison

MVFG's dividend yield for the trailing twelve months is around 1.92%, 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%
MVFG Monarch Volume Factor Global Unconstrained ETF	1.92%	1.90%	1.67%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MVFG and MAMB in my portfolio?

MVFG and MAMB have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MVFG or MAMB?

MVFG has higher volatility (3.74%) compared to MAMB (1.72%). In terms of maximum drawdown, MVFG dropped -15.34% vs MAMB's -19.33%.

Which ETF is better, MVFG or MAMB?

On 1-year performance, MVFG leads with 28.24% vs 9.37% for MAMB. On fees, MVFG is cheaper at 1.42% 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, MVFG or MAMB?

Over the 1-year period, MVFG has performed better with a 28.24% return vs 9.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVFG or MAMB?

MVFG is cheaper with a 1.42% expense ratio, compared with 1.49% for MAMB.

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

MAMB has the higher dividend yield at 2.44%, compared with 1.92% for MVFG.

What is the main difference between MVFG and MAMB?

MVFG is categorized as Global Equities, while MAMB is Intermediate Core-Plus Bond. MVFG tracks Monarch Volume Factor Global Unconstrained Index, while MAMB tracks Monarch Ambassador Income Index. Their fees differ too: 1.42% for MVFG and 1.49% for MAMB.

Which has better risk-adjusted returns?

MAMB currently has the higher Sharpe Ratio (1.66 vs 1.51), 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.