MVFG vs SPE

Comparison between MONARCH VOLUME FACTOR GLOBAL UNCONSTRAINED INDEX ETF (MVFG, ETF) and Special Opportunities Fund Inc (SPE, ETF).

MVFG vs SPE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MVFG(ETF)	SPE(ETF)
Net Assets	$168M	$168M
Expense Ratio	1.41%	N/A
Max Drawdown	15.34%	58.53%
Sharpe Ratio	1.13	-0.12
5Y Beta	0.58	0.55
5Y Dividends CAGR	N/A	14.96%

Net Assets

Winner

MVFG

$168M

SPE

$168M

Expense Ratio

MVFG

1.41%

SPE

N/A

Max Drawdown

Winner

MVFG

15.34%

SPE

58.53%

Sharpe Ratio

Winner

MVFG

1.13

SPE

-0.12

5Y Beta

MVFG

0.58

Winner

SPE

0.55

5Y Dividends CAGR

MVFG

N/A

SPE

14.96%

MVFG vs SPE - Historical Returns

Returns include dividend reinvestment.

Period	MVFG	SPE
1 month	-0.07%	+1.86%
3 months	+3.69%	-1.17%
6 months	+4.52%	-3.98%
1 year	+25.32%	+1.08%
5 years(CAGR)	N/A	+8.95%
10 years(CAGR)	N/A	+11.08%
Max(CAGR)	+16.64%	+8.96%

MVFG

-0.07%

Winner

SPE

+1.86%

Winner

MVFG

+3.69%

SPE

-1.17%

Winner

MVFG

+4.52%

SPE

-3.98%

Winner

MVFG

+25.32%

SPE

+1.08%

5Y(CAGR)

MVFG

N/A

SPE

+8.95%

10Y(CAGR)

MVFG

N/A

SPE

+11.08%

Max(CAGR)

Winner

MVFG

+16.64%

SPE

+8.96%

MVFG vs SPE - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MVFG	SPE
2026	+9.60%	-2.16%
2025	+21.49%	+14.15%
2024	+5.34%	+34.11%
2023	N/A	+14.54%
2022	N/A	-18.85%
2021	N/A	+25.58%
2020	N/A	+4.29%
2019	N/A	+30.90%
2018	N/A	-9.91%
2017	N/A	+25.21%
2016	N/A	+10.69%
2015	N/A	-7.46%
2014	N/A	-1.88%
2013	N/A	+29.76%
2012	N/A	+11.73%
2011	N/A	+1.00%
2010	N/A	+5.05%
2009	N/A	+45.90%
2008	N/A	-15.82%
2007	N/A	+0.88%
2006	N/A	+9.61%
2005	N/A	+2.39%
2004	N/A	+1.11%
2003	N/A	+11.38%
2002	N/A	+11.83%
2001	N/A	+8.81%
2000	N/A	+18.23%
1999	N/A	-4.22%

MVFG vs SPE Drawdown Comparison

The maximum drawdown for MVFG was -15.34%, occurring on Nov 20, 2025. Recovery took 55 trading sessions.

The maximum drawdown for SPE was -46.84%, occurring on Mar 23, 2020. Recovery took 207 trading sessions.

The current MVFG drawdown is -0.67%. The current SPE drawdown is -5.06%.

Rank	MVFG	SPE
#1	-15.34% Oct 15, 2025 - Jan 5, 2026	-46.84% Feb 19, 2020 - Dec 11, 2020
#2	-12.19% Dec 9, 2024 - Jun 2, 2025	-32.95% Jun 5, 2008 - Apr 27, 2009
#3	-9.54% Feb 25, 2026 - May 6, 2026	-24.14% Jan 7, 2022 - Mar 26, 2024
#4	-7.68% Jul 16, 2024 - Sep 19, 2024	-18.46% Dec 31, 2013 - Aug 23, 2016
#5	-4.57% Mar 28, 2024 - May 14, 2024	-17.47% Jan 26, 2018 - Jun 14, 2019
#6	-4.35% Jul 23, 2025 - Aug 12, 2025	-13.69% Feb 20, 2025 - May 20, 2025
#7	-3.96% Oct 8, 2025 - Oct 13, 2025	-13.13% Mar 15, 2004 - Aug 31, 2005
#8	-3.09% Oct 18, 2024 - Nov 7, 2024	-12.14% Jul 22, 2011 - Jan 25, 2012
#9	-2.86% Nov 7, 2024 - Nov 27, 2024	-12.05% Oct 6, 2009 - Oct 18, 2010
#10	-2.71% Jun 2, 2026 - Jun 12, 2026	-9.71% Jun 17, 2003 - Jan 20, 2004
#11	-2.41% May 6, 2026 - May 26, 2026	-9.32% Jan 15, 2026 - Mar 30, 2026
#12	-2.23% Jan 27, 2026 - Feb 6, 2026	-9.21% May 16, 2007 - Jan 25, 2008
#13	-2.04% Jun 15, 2026 - Jun 23, 2026	-8.92% Nov 19, 1999 - Jun 2, 2000
#14	-1.69% Jun 12, 2025 - Jun 26, 2025	-8.82% Sep 1, 2016 - Jan 18, 2017
#15	-1.57% May 21, 2024 - Jun 5, 2024	-8.09% Mar 26, 2012 - Sep 28, 2012

Correlation

Correlation between MVFG and SPE is 0.76 which considered as a strong positive correlation - the stocks tend to move together.

0.76

-101

Dividend Comparison (1999 - 2026)

MVFG vs SPE dividend yield comparison.

Year	MVFG	SPE
2026	0.81%	6.90%
2025	1.90%	13.73%
2024	1.67%	7.83%
2023	0.00%	8.77%
2022	0.00%	11.58%
2021	0.00%	11.64%
2020	0.00%	8.01%
2019	0.00%	6.35%
2018	0.00%	14.10%
2017	0.00%	16.53%
2016	0.00%	5.93%
2015	0.00%	9.02%
2014	0.00%	9.63%
2013	0.00%	12.66%
2012	0.00%	10.08%
2011	0.00%	3.69%
2010	0.00%	0.20%
2009	0.00%	6.59%
2008	0.00%	8.05%
2007	0.00%	5.22%
2006	0.00%	5.55%
2005	0.00%	7.30%
2004	0.00%	6.49%
2003	0.00%	7.64%
2002	0.00%	6.36%
2001	0.00%	5.35%
2000	0.00%	5.62%
1999	0.00%	1.04%