Monarch Dividend Plus ETF (MDPL) Performance
MDPL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.4% since Dec 31, 2025
- 1 year
- +16.6% total return
- Since first price
- +23.5% since 2024
MDPL trailing returns vs SPY, QQQ, AGG
| Period | MDPL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +8.9% | +8.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +16.3% | +15.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +16.4% | +15.7% | +7.8% | +8.4% | −1.5% |
| YTD | +14.4% | +13.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.6% | +14.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 7, 2024 | +23.5% | +19.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MDPL vs SPY
From Mar 7, 2024: MDPL grew to $12,346, SPY to $15,245.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MDPL returns by calendar year
1 of 1 full years positive. Best 2025 (+7.6%), worst 2025 (+7.6%). 2026 is year to date.
MDPL annual returns table
| Year | MDPL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.4% | −12.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.6% | −11.1% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MDPL largest drawdowns
Now 1.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 29, 2024 | −14.2% | Apr 8, 2025 | Aug 22, 2025 | 4 months | 9 months |
| Jan 15, 2026 | −12.4% | Jun 25, 2026 | Jul 28, 2026 | 5 months | 6 months |
| Aug 24, 2026 | −12.1% | Sep 28, 2026 | not yet | 35 days | 2 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MDPL risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +2.6% |
| Volatility (annualized) | 17.8% |
| Sharpe ratio | -0.01 |
| Sortino ratio | -0.01 |
| Best month | +13.3% |
| Worst month | −11.5% |
| Best 12 months | +14.8% |
| Worst 12 months | −3.8% |
| Positive months | 50% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MDPL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 20 | −3.8% | +4.1% | +20.1% | 75% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MDPL performance overview
Monarch Dividend Plus ETF (MDPL) returned +16.6% over the past year, with distributions reinvested. Since its first recorded price on Mar 7, 2024 it has returned +23.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −14.2%, from Nov 29, 2024 to Apr 8, 2025, and it took 4 months to get back to the old high. Volatility has been 17.8% a year.
Related: MDPL chart, MDPL holdings, MDPL dividends, MDPL valuation. See the MDPL overview for the latest quote and fund facts.
MDPL performance FAQ
What is the MDPL return over the past year?
MDPL returned +16.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.9%.
How much would $10,000 invested in MDPL be worth?
$10,000 invested in MDPL at its first recorded close on March 7, 2024 would be worth about $12,346 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MDPL?
The largest peak-to-trough decline was −14.2% between November 29, 2024 and April 8, 2025. It recovered to the old high on August 22, 2025, 4 months after the bottom.
How volatile is MDPL?
Over the past history MDPL had an annualized volatility of 17.8% and a Sharpe ratio of -0.01 (excess return over 1–3 month T-bills per unit of risk).