Monarch Select Subsector ETF (MSSS) Performance
MSSS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +20.8% since Dec 31, 2025
- 1 year
- +18.8% total return
- Since first price
- +45.6% since 2024
MSSS trailing returns vs SPY, QQQ, AGG
| Period | MSSS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.8% | +4.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.2% | +3.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +12.9% | +12.9% | +7.8% | +8.4% | −1.5% |
| YTD | +20.8% | +20.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +18.8% | +18.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 7, 2024 | +45.6% | +44.4% | — | — | — |
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: MSSS vs SPY
From Mar 7, 2024: MSSS grew to $14,556, SPY to $15,245.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MSSS returns by calendar year
1 of 1 full years positive. Best 2025 (+10.3%), worst 2025 (+10.3%). 2026 is year to date.
MSSS annual returns table
| Year | MSSS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +20.8% | −10.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +10.3% | −17.4% | +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.
MSSS largest drawdowns
Now 1.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 29, 2024 | −19.1% | Apr 8, 2025 | Aug 13, 2025 | 4 months | 8 months |
| Feb 26, 2026 | −10.2% | Mar 30, 2026 | Apr 17, 2026 | 32 days | 50 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MSSS risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +12.7% |
| Volatility (annualized) | 15.9% |
| Sharpe ratio | 0.57 |
| Sortino ratio | 0.91 |
| Best month | +8.9% |
| Worst month | −7.6% |
| Best 12 months | +23.5% |
| Worst 12 months | +3.8% |
| Positive months | 60% |
| 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.
MSSS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 20 | +3.8% | +11.3% | +23.5% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MSSS performance overview
Monarch Select Subsector ETF (MSSS) returned +18.8% over the past year, with distributions reinvested. Since its first recorded price on Mar 7, 2024 it has returned +45.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.1%, from Nov 29, 2024 to Apr 8, 2025, and it took 4 months to get back to the old high. Volatility has been 15.9% a year.
Related: MSSS chart, MSSS holdings, MSSS dividends. See the MSSS overview for the latest quote and fund facts.
MSSS performance FAQ
What is the MSSS return over the past year?
MSSS returned +18.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 18.6%.
How much would $10,000 invested in MSSS be worth?
$10,000 invested in MSSS at its first recorded close on March 7, 2024 would be worth about $14,556 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MSSS?
The largest peak-to-trough decline was −19.1% between November 29, 2024 and April 8, 2025. It recovered to the old high on August 13, 2025, 4 months after the bottom.
How volatile is MSSS?
Over the past history MSSS had an annualized volatility of 15.9% and a Sharpe ratio of 0.57 (excess return over 1–3 month T-bills per unit of risk).