- Issuer
- Monarch
- Inception Date
- Mar 23, 2021
- Region
- Global (Broad)
- Category
- Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- Monarch ProCap Index
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $259M
Share Price Chart
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Performance
MPRO Performance Chart
Monarch ProCap ETF (MPRO) is up 6.2% since the beginning of the year. MPRO is currently trading at $32 per share. Investors who bought $1,000 worth of MPRO shares 5 years ago would now be looking at an investment worth $1,318.
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Returns By Period
Monarch ProCap ETF (MPRO) has returned 6.22% so far this year and 13.01% over the past 12 months.
Monarch ProCap ETF
- 1D
- -0.18%
- 1M
- 0.09%
- YTD
- 6.22%
- 6M
- 6.18%
- 1Y
- 13.01%
- 3Y*
- 9.90%
- 5Y*
- 5.68%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MPRO Monthly Returns History
Based on dividend-adjusted daily data since Mar 24, 2021, MPRO's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 63% of months were positive and 38% were negative. The best month was Jan 2023 with a return of +6.4%, while the worst month was Sep 2022 at -6.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MPRO closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +3.8%, while the worst single day was Apr 4, 2025 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.41% | 4.30% | -4.35% | 3.27% | 1.08% | -0.40% | 6.22% | ||||||
| 2025 | 2.31% | 1.06% | -2.11% | -0.14% | 1.21% | 2.41% | -0.25% | 1.92% | 1.44% | -0.34% | 2.67% | -1.11% | 9.33% |
| 2024 | 0.47% | 1.47% | 1.65% | -2.99% | 2.26% | 1.49% | 4.14% | 3.38% | 1.89% | -2.93% | 1.97% | -4.34% | 8.37% |
| 2023 | 6.37% | -3.70% | 1.13% | 0.79% | -0.99% | 2.64% | 1.09% | -2.37% | -3.99% | -0.76% | 6.16% | 4.37% | 10.55% |
| 2022 | -1.76% | -0.67% | 2.45% | -3.81% | 0.37% | -4.01% | 4.01% | -3.27% | -6.28% | 2.47% | 4.96% | -3.54% | -9.38% |
| 2021 | 0.58% | 3.27% | 2.17% | 0.07% | 0.71% | 0.25% | -1.42% | 2.89% | -2.25% | 4.18% | 10.74% |
Benchmark Metrics
Monarch ProCap ETF has an annualized alpha of 0.82%, beta of 0.43, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since March 24, 2021.
- This ETF participated in 64.73% of S&P 500 Index downside but only 50.49% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.43 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.82%
- Beta
- 0.43
- R²
- 0.62
- Upside Capture
- 50.49%
- Downside Capture
- 64.73%
Expense Ratio
MPRO has a high expense ratio of 1.17%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MPRO ranks 56 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Monarch ProCap ETF (MPRO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MPRO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.78 | -0.48 |
| Martin ratioReturn relative to average drawdown | 9.07 | 12.44 | -3.37 |
Dividends
Dividend History
Monarch ProCap ETF provided a 1.87% dividend yield over the last twelve months, with an annual payout of $0.61 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.59 | $0.47 | $0.38 | $0.27 | $0.26 |
Dividend yield | 1.87% | 1.93% | 1.64% | 1.40% | 1.09% | 0.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Monarch ProCap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.09 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.59 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.47 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.38 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.27 |
| 2021 | $0.02 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.17 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Monarch ProCap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Monarch ProCap ETF was 14.51%, occurring on Oct 14, 2022. Recovery took 325 trading sessions.
The current Monarch ProCap ETF drawdown is 0.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -14.51%Oct 2022 | 9mo 12d | 1y 3mo | 2y 27dJan 2022 - Feb 2024 |
2025 selloff2025 | -9.64%Apr 2025 | 6mo 9d | 3mo 16d | 9mo 25dOct 2024 - Jul 2025 |
2026 pullback2026 | -5.67%Mar 2026 | 25d | 2mo 2d | 2mo 27dMar 2026 - May 2026 |
2021 pullback2021 | -3.97%Dec 2021 | 22d | 26d | 1mo 18dNov 2021 - Dec 2021 |
2024 pullback2024 | -3.84%Apr 2024 | 15d | 29d | 1mo 14dApr 2024 - May 2024 |
Drawdown Indicators
| MPRO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.51% | -56.78% | +42.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -9.10% | +3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -9.64% | -18.90% | +9.26% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -25.43% | +10.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.98% | -1.80% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -10.71% | +7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.03% | -0.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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