MDPL vs SPY
Monarch Dividend Plus Index ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MDPL or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. MDPL is less concentrated, with 37.3% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MDPL | SPY |
|---|---|---|
| Expense Ratio | 1.19% | 0.09%Best |
| AUM | $64M | $804.7B |
| Dividend Yield | 1.33% | 0.98% |
| Holdings | 32 | 505 |
| YTD Return | +6.88% | +12.09%Best |
| 1Y Return | +8.39% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 16.8% | 12.2%Best |
| Max Drawdown | -14.2%Best | -18.8% |
| $10,000 over 2.5 years | $11,590 | $15,161Best |
| Top 10 Weight | 37.3%Best | 37.8% |
| Fund Family | Monarch Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 12, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Mar 7, 2024 to Sep 18, 2026 (2.5 years).
MDPL vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
MDPL vs SPY Performance
Monarch Dividend Plus Index ETF (MDPL) is an ETF from Monarch Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MDPL returned +8.39% while SPY returned +16.29%. Year to date, MDPL is up 6.88% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MDPL has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 12.2% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.2% for MDPL and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MDPL charges 1.19% per year while SPY charges 0.09%. On a $10,000 position that is $119 vs $9 annually, a gap of $110 per year that compounds over a long holding period. On income, MDPL currently yields 1.33% against 0.98% for SPY.
Holdings Overlap
52.5% of MDPL's money is in holdings SPY also owns. 1.6% of SPY's money is in holdings MDPL also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 30 positions we hold weights for in MDPL and 504 in SPY, against full books of 32 and 505.
What only one of them owns
Our book lists 482 positions for SPY that do not appear in our book for MDPL (97.8% of the fund), and 14 for MDPL that do not appear in SPY (47.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in MDPL | Weight in SPY | Difference |
|---|---|---|---|
| CTSHCognizant Technology Solutions Corp. Class A | 4.27% | 0.05% | 4.22% |
| MPCMarathon Petroleum Corp | 4.11% | 0.17% | 3.94% |
| INTUIntuit, Inc. | 3.52% | 0.15% | 3.37% |
| LDOSLeidos Holdings, Inc. | 3.47% | 0.03% | 3.44% |
| FDSFactset Research Systems Inc. | 3.46% | 0.02% | 3.44% |
| BDXBecton Dickinson And Co. | 3.35% | 0.08% | 3.27% |
| SCHWSchwab Strategic T | 3.15% | 0.27% | 2.88% |
| WTW:LNWillis Towers Watson Plc Ordinary Shares | 3.33% | 0.05% | 3.28% |
| CMCSAComcast Corp-class A Cmcsa | 3.18% | 0.14% | 3.04% |
| AMPAmeriprise Financial Inc | 3.19% | 0.07% | 3.12% |
52.5% of MDPL is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MDPL or SPY?
MDPL has an expense ratio of 1.19% while SPY charges 0.09%. SPY is the cheaper option, by $110 a year on a $10,000 investment.
Which performed better, MDPL or SPY?
Over the past year MDPL returned +8.39% vs +16.29% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MDPL or SPY?
MDPL has been the more volatile fund at 16.8% annualized versus 12.2% for SPY. Worst drawdown: MDPL -14.2% vs SPY -18.8%.
Should I hold both MDPL and SPY?
MDPL and SPY have a monthly-return correlation of 0.36, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MDPL and SPY?
52.5% of MDPL's money is in holdings SPY also owns. 1.6% of SPY's is in holdings MDPL also owns. They hold 16 positions in common, counted across the 30 positions we hold weights for in MDPL and 504 in SPY.
Which pays a higher dividend, MDPL or SPY?
MDPL yields 1.33% while SPY yields 0.98%, so MDPL currently pays the higher dividend yield.
Is SPY better than MDPL?
SPY has a lower expense ratio. SPY led over 1Y and the full window. MDPL is less concentrated, with 37.3% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.