MVFDvsPAPIETF Comparison
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Monarch Volume Factor Dividend Tree Index ETF (MVFD) belongs to the Multi-Asset: Other segment. Parametric Equity Premium Income ETF (PAPI) is part of the Options Strategies segment. MVFD's top 3 sector exposures are Energy, Consumer Non-Cyclicals and Technology. In contrast, PAPI's top sector exposures are Technology, Non-Energy Materials and Healthcare. MVFD is more expensive with a Total Expense Ratio (TER) of 1.1%, versus 0.29% for PAPI. MVFD is up 11.7% year-to-date (YTD) with +$36M in YTD flows. PAPI performs worse with 11.03% YTD performance, and +$198M in YTD flows. Run a side-by-side ETF comparison of MVFD and PAPI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MVFD vs PAPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MVFD PAPI | -1.39%-1.76% | +3.29%+3.80% | +11.70%+11.03% | +16.56%+13.84% | n/an/a | n/an/a |
| Flows | MVFD PAPI | +$3M+$36M | +$12M+$79M | +$36M+$198M | +$40M+$220M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MVFD PAPI | +11.70%+9.33% | +14.75%+9.83% | n/an/a | n/an/a |
| Max drawdown | MVFD PAPI | -2.26%-2.98% | -8.91%-6.88% | n/an/a | n/an/a |
| Max drawdown duration | MVFD PAPI | 16d23d | 180d135d | n/an/a | n/an/a |
Trading data
MVFD | PAPI | |
Last sale 9/17/2026 at 5:13 PM | $31.40 | $27.39 |
| Previous close 09/16/2026 | $31.25 | $27.27 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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PAPI
is actively managed and doesn’t replicate an indexMVFD | PAPI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 5:13 PM
Live
Closed
MVFD | PAPI | |
|---|---|---|
| Last price | $31.40 | $27.39 |
| 1D performance | +0.48% | +0.44% |
| AuM | $128.63 M | $483.33 M |
| E/R | 1.1% | 0.29% |
Characteristics
MVFD | PAPI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Monarch Fund | Morgan Stanley |
| Benchmark | Monarch Volume Factor Dividend Tree Index | - |
| N° of holdings | 40 | 189 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 6, 2024 | October 19, 2023 |
| ESG | No | No |
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Exposure
Countries
MVFD
USA
99.77%
Other
0.23%
PAPI
USA
94.78%
Other
5.22%
Sectors
MVFD
Energy
40.2%
Consumer Non-Cycl.
12.49%
Technology
8.96%
Non-Energy Materi.
8.02%
Industrials
7.34%
Other
22.98%
PAPI
Technology
12.39%
Non-Energy Materi.
11.24%
Healthcare
10.69%
Consumer Non-Cycl.
10.45%
Finance
10.38%
Energy
10.23%
Other
34.62%
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Diversification
MVFD
Total weight of top 15 holdings out of 15
42.04%
PAPI
Total weight of top 15 holdings out of 15
10.02%
Top 15 holdings
Data as of July 31, 2026
MVFD
Occidental Petroleum Corp.
3.73%
Kinetik Holdings, Inc.
2.88%
Hewlett Packard Enterprise Co.
2.86%
Permian Resources Corp.
2.82%
Marathon Petroleum Corp.
2.80%
APA Corp.
2.76%
Patterson-UTI Energy, Inc.
2.74%
SM Energy Co.
2.73%
Cabot Corp.
2.71%
CF Industries Holdings, Inc.
2.70%
Magnolia Oil & Gas Corp.
2.69%
Church & Dwight Co., Inc.
2.68%
Ovintiv, Inc.
2.68%
SLB Ltd.
2.64%
The J. M. Smucker Co.
2.62%
PAPI
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
1.26%
HF Sinclair Corp.
0.65%
Valero Energy Corp.
0.64%
International Seaways, Inc.
0.64%
Cisco Systems, Inc.
0.63%
TD SYNNEX Corp.
0.63%
Dolby Laboratories, Inc.
0.63%
Millicom International Cellular SA
0.62%
Cognizant Technology Solutions Corp.
0.62%
Microsoft Corp.
0.62%
Garmin Ltd.
0.62%
Royalty Pharma Plc
0.62%
Interparfums, Inc.
0.61%
ManpowerGroup, Inc.
0.61%
MSC Industrial Direct Co., Inc.
0.60%
Frequently asked questions about MVFD and PAPI
How have the MVFD and PAPI ETFs performed in 2026?
As of September 16, 2026, MVFD is up 11.7% year-to-date (YTD), while PAPI has returned 11.03%. That puts MVFD better performer ahead so far this year.
Which ETF is attracting more investor money: MVFD or PAPI?
Year-to-date, the MVFD ETF saw +$36M in flows, compared to +$198M for PAPI.
Which ETF is more volatile: MVFD or PAPI?
Over the past year, MVFD had a volatility of 14.75%, while PAPI experienced 9.83%.
Which ETF is bigger: MVFD or PAPI?
As of September 16, 2026, MVFD holds $128.63 M in assets under management (AUM), while PAPI manages $483.33 M.
What sectors do the MVFD and PAPI ETFs invest in?
MVFD leans toward sectors like Energy, Consumer Non-Cyclicals and Technology. Meanwhile, PAPI focuses on Technology, Non-Energy Materials and Healthcare.
What are the top holdings of the MVFD ETF and PAPI ETF?
MVFD top holdings include Occidental Petroleum Corp., Kinetik Holdings, Inc. and Hewlett Packard Enterprise Co.. PAPI holds in its top three: Morgan Stanley Instl. Liquidity Funds - Government Portfolio, HF Sinclair Corp. and Valero Energy Corp..
Which ETF is more diversified: MVFD or PAPI?
MVFD holds 40 securities with 42.04% of its assets in the top 15. PAPI has 189 securities and a top 15 weight of 10.02%.
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