MVFG vs SPY
Monarch Volume Factor Global Unconstrained Index ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. MVFG delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MVFG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.41% | 0.09% | |
| AUM | $185M | $821.1B | |
| Dividend Yield | 1.53% | 1.01% | |
| Holdings | 27 | 505 | |
| YTD Return | +10.60% | +12.22% | |
| 1Y Return | +21.76% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 12.9% | 15.3% | |
| Max Drawdown | -15.3% | -56.5% | |
| Fund Family | Monarch Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 12, 2024 | Jan 22, 1993 |
MVFG vs SPY Performance
Monarch Volume Factor Global Unconstrained Index ETF (MVFG) is a ETF from Monarch Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MVFG returned +21.76% while SPY returned +20.83%. Year to date, MVFG is up 10.60% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.9% for MVFG. 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 -15.3% for MVFG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MVFG charges 1.41% per year while SPY charges 0.09%. On a $10,000 position that is $141 vs $9 annually, a gap of $132 per year that compounds over a long holding period. On income, MVFG currently yields 1.53% against 1.01% for SPY.
Holdings Overlap
MVFG and SPY share 0 holdings out of 527 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MVFG or SPY?
MVFG has an expense ratio of 1.41% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $132 per year of difference.
Which performed better, MVFG or SPY?
Over the past year MVFG returned +21.76% vs +20.83% for SPY, so MVFG leads on 1-year performance. Over the longest common window we track (3 years), MVFG annualized +16.46% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, MVFG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.9% for MVFG. Worst drawdown: MVFG -15.3% vs SPY -56.5%.
Should I hold both MVFG and SPY?
MVFG and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MVFG and SPY?
MVFG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, MVFG or SPY?
MVFG yields 1.53% while SPY yields 1.01%, so MVFG currently pays the higher dividend yield.
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