Monarch Volume Factor Global Unconstrained ETF (MVFG) Performance
MVFG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.3% since Dec 31, 2025
- 1 year
- +11.9% total return
- Since first price
- +41.8% since 2024
MVFG trailing returns vs SPY, QQQ, AGG
| Period | MVFG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.2% | −0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.6% | −0.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.4% | +1.6% | +7.8% | +8.4% | −1.5% |
| YTD | +11.3% | +10.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.9% | +9.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 7, 2024 | +41.8% | +35.3% | — | — | — |
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: MVFG vs SPY
From Mar 7, 2024: MVFG grew to $14,183, SPY to $15,245.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MVFG returns by calendar year
1 of 1 full years positive. Best 2025 (+21.0%), worst 2025 (+21.0%). 2026 is year to date.
MVFG annual returns table
| Year | MVFG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.3% | −9.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.0% | −15.3% | +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.
MVFG largest drawdowns
Now 4.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 15, 2025 | −15.3% | Nov 20, 2025 | Jan 5, 2026 | 36 days | 3 months |
| Dec 9, 2024 | −12.2% | Mar 13, 2025 | Jun 2, 2025 | 3 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MVFG risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +13.3% |
| Volatility (annualized) | 13.1% |
| Sharpe ratio | 0.70 |
| Sortino ratio | 1.11 |
| Best month | +8.3% |
| Worst month | −6.3% |
| Best 12 months | +35.0% |
| Worst 12 months | −1.1% |
| Positive months | 70% |
| 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.
MVFG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 20 | −1.1% | +18.6% | +35.0% | 95% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MVFG performance overview
Monarch Volume Factor Global Unconstrained ETF (MVFG) returned +11.9% over the past year, with distributions reinvested. Since its first recorded price on Mar 7, 2024 it has returned +41.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.3%, from Oct 15, 2025 to Nov 20, 2025, and it took 46 days to get back to the old high. Volatility has been 13.1% a year.
Related: MVFG chart, MVFG holdings, MVFG dividends. See the MVFG overview for the latest quote and fund facts.
MVFG performance FAQ
What is the MVFG return over the past year?
MVFG returned +11.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.9%.
How much would $10,000 invested in MVFG be worth?
$10,000 invested in MVFG at its first recorded close on March 7, 2024 would be worth about $14,183 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MVFG?
The largest peak-to-trough decline was −15.3% between October 15, 2025 and November 20, 2025. It recovered to the old high on January 5, 2026, 46 days after the bottom.
How volatile is MVFG?
Over the past history MVFG had an annualized volatility of 13.1% and a Sharpe ratio of 0.70 (excess return over 1–3 month T-bills per unit of risk).