MVFD vs SPY
Monarch Volume Factor Dividend Tree Index ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MVFD or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. MVFD is less concentrated, with 31.6% 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 | MVFD | SPY |
|---|---|---|
| Expense Ratio | 1.10% | 0.09%Best |
| AUM | $130M | $804.7B |
| Dividend Yield | 1.47% | 0.98% |
| Holdings | 42 | 505 |
| YTD Return | +6.56% | +13.82%Best |
| 1Y Return | +14.33% | +16.96%Best |
| 3Y Return (annualized) | - | +22.97% |
| 5Y Return (annualized) | - | +13.73% |
| Volatility (annualized) | 13.7% | 12.1%Best |
| Max Drawdown | -19.1% | -18.8%Best |
| $10,000 over 2.5 years | $12,564 | $15,370Best |
| Top 10 Weight | 31.6%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 21, 2026 (2.5 years).
MVFD 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.
MVFD vs SPY Performance
Monarch Volume Factor Dividend Tree Index ETF (MVFD) 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 MVFD returned +14.33% while SPY returned +16.96%. Year to date, MVFD is up 6.56% versus a gain of 13.82% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVFD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 12.1% 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 -19.1% for MVFD 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 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MVFD charges 1.10% per year while SPY charges 0.09%. On a $10,000 position that is $110 vs $9 annually, a gap of $101 per year that compounds over a long holding period. On income, MVFD currently yields 1.47% against 0.98% for SPY.
Holdings Overlap
40.5% of MVFD's money is in holdings SPY also owns. 1.4% of SPY's money is in holdings MVFD also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 40 positions we hold weights for in MVFD and 504 in SPY, against full books of 42 and 505.
What only one of them owns
Our book lists 482 positions for SPY that do not appear in our book for MVFD (98.0% of the fund), and 24 for MVFD that do not appear in SPY (56.7%).
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 MVFD | Weight in SPY | Difference |
|---|---|---|---|
| OXYOccidental Petroleum Corp. | 3.84% | 0.07% | 3.77% |
| MPCMarathon Petroleum Corp | 3.30% | 0.17% | 3.13% |
| APAApa Corp | 3.19% | 0.02% | 3.17% |
| SLBSchlumberger Nv. | 2.98% | 0.13% | 2.85% |
| HPEHewlett Packard Enterprise Co | 2.98% | 0.10% | 2.88% |
| CFCf Industries Holdings Inc. | 2.90% | 0.03% | 2.87% |
| VZVerizon Communic | 2.49% | 0.32% | 2.17% |
| SJMJ M Smucker Co/The | 2.78% | 0.02% | 2.76% |
| CHDChurch & Dwight Co. Inc. | 2.60% | 0.04% | 2.56% |
| EQTEQT Corp. | 2.59% | 0.05% | 2.54% |
40.5% of MVFD 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, MVFD or SPY?
MVFD has an expense ratio of 1.10% while SPY charges 0.09%. SPY is the cheaper option, by $101 a year on a $10,000 investment.
Which performed better, MVFD or SPY?
Over the past year MVFD returned +14.33% vs +16.96% 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, MVFD or SPY?
MVFD has been the more volatile fund at 13.7% annualized versus 12.1% for SPY. Worst drawdown: MVFD -19.1% vs SPY -18.8%.
Should I hold both MVFD and SPY?
MVFD and SPY have a monthly-return correlation of 0.61, 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 MVFD and SPY?
40.5% of MVFD's money is in holdings SPY also owns. 1.4% of SPY's is in holdings MVFD also owns. They hold 15 positions in common, counted across the 40 positions we hold weights for in MVFD and 504 in SPY.
Which pays a higher dividend, MVFD or SPY?
MVFD yields 1.47% while SPY yields 0.98%, so MVFD currently pays the higher dividend yield.
Is SPY better than MVFD?
SPY has a lower expense ratio. SPY led over 1Y and the full window. MVFD is less concentrated, with 31.6% 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.