SPLS vs. MVFD

Last updated Jun 3, 2026

SPLS (PIMCO U.S. Stocks PLUS Active Bond ETF) and MVFD (Monarch Volume Factor Dividend Tree ETF) are both Diversified Portfolio funds. SPLS is actively managed, while MVFD is passively managed. At a 0.45 correlation, their price movements are largely independent. SPLS charges 0.18%/yr vs 1.19%/yr for MVFD.

Performance

SPLS vs. MVFD - Performance Comparison

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

Returns By Period

SPLS

• 1D: 0.10%
• 1M: 5.32%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MVFD

• 1D: 0.82%
• 1M: -0.28%
• YTD: 8.29%
• 6M: 8.08%
• 1Y: 22.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPLS vs. MVFD - Yearly Performance Comparison

	2026 (YTD)
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	10.09%
MVFD Monarch Volume Factor Dividend Tree ETF	0.79%

Correlation

The correlation between SPLS and MVFD is 0.45, 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 20, 2026	0.45

Return for Risk

SPLS vs. MVFD — Risk / Return Rank

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

MVFD

MVFD Risk / Return Rank: 43
MVFD Sharpe Ratio Rank: 41
MVFD Sortino Ratio Rank: 41
MVFD Omega Ratio Rank: 41
MVFD Calmar Ratio Rank: 49
MVFD Martin Ratio Rank: 44

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.

SPLS vs. MVFD - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	SPLS	MVFD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.99	0.63	+1.36

Drawdowns

SPLS vs. MVFD - Drawdown Comparison

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

Drawdown Indicators

	SPLS	MVFD	Difference
Max Drawdown Largest peak-to-trough decline	-9.24%	-19.07%	+9.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.08%	—
Current Drawdown Current decline from peak	0.00%	-2.95%	+2.95%
Average Drawdown Average peak-to-trough decline	-1.87%	-3.95%	+2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.03%	—

Volatility

Volatility by Period

	SPLS	MVFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	15.18%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.05%	17.07%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.05%	17.07%	-2.02%

SPLS vs. MVFD - Expense Ratio Comparison

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

Dividends

SPLS vs. MVFD - Dividend Comparison

SPLS's dividend yield for the trailing twelve months is around 0.21%, less than MVFD's 1.45% yield.

Position	TTM	2025	2024
MVFD Monarch Volume Factor Dividend Tree ETF	1.45%	1.34%	1.38%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	0.21%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPLS and MVFD in my portfolio?

SPLS and MVFD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPLS or MVFD?

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, SPLS or MVFD?

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

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

MVFD has the higher dividend yield at 1.45%, compared with 0.21% for SPLS.

What is the main difference between SPLS and MVFD?

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