MVFG vs. PID
MVFG (Monarch Volume Factor Global Unconstrained ETF) and PID (Invesco International Dividend Achievers™ ETF) are both Global Equities funds - MVFG tracks the Monarch Volume Factor Global Unconstrained Index while PID tracks the Nasdaq International Dividend Achievers (NR). Both are passively managed. Over the past year, MVFG returned 29.12% vs 17.32% for PID. Their 0.60 correlation means they have sometimes moved together and sometimes differently. MVFG charges 1.42%/yr vs 0.56%/yr for PID.
Performance
MVFG vs. PID - Performance Comparison
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Returns By Period
In the year-to-date period, MVFG achieves a 14.13% return, which is significantly higher than PID's 7.78% return.
MVFG
- 1D
- 0.85%
- 1M
- 1.01%
- 6M
- 4.35%
- YTD
- 14.13%
- 1Y
- 29.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.86%
PID
- 1D
- -0.26%
- 1M
- 2.96%
- 6M
- 4.32%
- YTD
- 7.78%
- 1Y
- 17.32%
- 3Y*
- 13.44%
- 5Y*
- 9.27%
- 10Y*
- 8.89%
- ALL TIME*
- 5.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $371.03K | $675.22K | $638.87K | |
| $1.30M | $1.82M | $1.51M |
MVFG vs. PID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MVFG Monarch Volume Factor Global Unconstrained ETF | 14.13% | 20.98% | 5.38% |
PID Invesco International Dividend Achievers™ ETF | 7.78% | 24.45% | 3.23% |
Correlation
The correlation between MVFG and PID is 0.54, 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. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.60 |
The correlation between MVFG and PID has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
MVFG vs. PID — Risk / Return Rank
MVFG
PID
MVFG vs. PID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monarch Volume Factor Global Unconstrained ETF (MVFG) and Invesco International Dividend Achievers™ ETF (PID). 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 | PID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.33 | -0.42 |
| Martin ratioReturn relative to average drawdown | 7.62 | 7.38 | +0.25 |
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Drawdowns
MVFG vs. PID - Drawdown Comparison
The maximum MVFG drawdown since its inception was -15.34%, smaller than the maximum PID drawdown of -66.34%. Use the drawdown chart below to compare losses from any high point for MVFG and PID.
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Drawdown Indicators
| MVFG | PID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.34% | -66.34% | +51.00% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -7.47% | -7.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.07% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.34% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -12.95% | +10.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 2.35% | +1.48% |
Volatility
MVFG vs. PID - Volatility Comparison
Monarch Volume Factor Global Unconstrained ETF (MVFG) has a higher volatility of 2.82% compared to Invesco International Dividend Achievers™ ETF (PID) at 2.49%. This indicates that MVFG's price experiences larger fluctuations and is considered to be riskier than PID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVFG | PID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 2.49% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 7.84% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 9.76% | +9.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 13.92% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 17.57% | -2.36% |
MVFG vs. PID - Expense Ratio Comparison
MVFG has a 1.42% expense ratio, which is higher than PID's 0.56% expense ratio.
Dividends
MVFG vs. PID - Dividend Comparison
MVFG's dividend yield for the trailing twelve months is around 1.51%, less than PID's 3.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVFG Monarch Volume Factor Global Unconstrained ETF | 1.51% | 1.90% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PID Invesco International Dividend Achievers™ ETF | 3.46% | 3.28% | 3.88% | 3.31% | 3.30% | 3.30% | 3.16% | 3.99% | 3.87% | 3.46% | 3.90% | 4.48% |
Frequently Asked Questions
MVFG and PID have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVFG has higher volatility (2.82%) compared to PID (2.49%). In terms of maximum drawdown, MVFG dropped -15.34% vs PID's -66.34%.
On 1-year performance, MVFG leads with 29.12% vs 17.32% for PID. On fees, PID is cheaper at 0.56% per year. On volatility, PID has been the lower-risk option at 2.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MVFG has performed better with a 29.12% return vs 17.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PID is cheaper with a 0.56% expense ratio, compared with 1.42% for MVFG.
PID has the higher dividend yield at 3.46%, compared with 1.51% for MVFG.
MVFG tracks Monarch Volume Factor Global Unconstrained Index, while PID tracks Nasdaq International Dividend Achievers (NR). They also come from different issuers: Monarch and Invesco. Their fees differ too: 1.42% for MVFG and 0.56% for PID.
PID currently has the higher Sharpe Ratio (1.79 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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