MAMB vs. MPRO
MAMB (Monarch Ambassador Income ETF) and MPRO (Monarch ProCap ETF) are both exchange-traded funds - MAMB is a Intermediate Core-Plus Bond fund tracking the Monarch Ambassador Income Index, while MPRO is a Diversified Portfolio fund tracking the Monarch ProCap Index. Both are passively managed. Over the past 5 years, MAMB returned 0.19%/yr vs 5.64%/yr for MPRO. Their 0.59 correlation means they have sometimes moved together and sometimes differently. MAMB charges 1.49%/yr vs 1.17%/yr for MPRO.
Performance
MAMB vs. MPRO - Performance Comparison
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Returns By Period
In the year-to-date period, MAMB achieves a -0.15% return, which is significantly lower than MPRO's 6.89% return.
MAMB
- 1D
- 0.22%
- 1M
- -1.72%
- 6M
- -0.93%
- YTD
- -0.15%
- 1Y
- 4.41%
- 3Y*
- 5.24%
- 5Y*
- 0.19%
- 10Y*
- —
- ALL TIME*
- 0.62%
MPRO
- 1D
- 0.32%
- 1M
- -0.86%
- 6M
- 4.51%
- YTD
- 6.89%
- 1Y
- 11.87%
- 3Y*
- 9.96%
- 5Y*
- 5.64%
- 10Y*
- —
- ALL TIME*
- 6.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $465.49K | $686.82K | $532.78K | |
| $485.34K | $936.98K | $785.78K |
MAMB vs. MPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MAMB Monarch Ambassador Income ETF | -0.15% | 10.69% | 1.32% | 4.90% | -13.02% | 1.17% |
MPRO Monarch ProCap ETF | 6.89% | 9.33% | 8.37% | 10.55% | -9.38% | 10.74% |
Correlation
The correlation between MAMB and MPRO is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.59 |
The correlation between MAMB and MPRO has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
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Return for Risk
MAMB vs. MPRO — Risk / Return Rank
MAMB
MPRO
MAMB vs. MPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monarch Ambassador Income ETF (MAMB) and Monarch ProCap ETF (MPRO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| MAMB | MPRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.10 | -0.98 |
| Martin ratioReturn relative to average drawdown | 2.69 | 8.22 | -5.53 |
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Drawdowns
MAMB vs. MPRO - Drawdown Comparison
The maximum MAMB drawdown since its inception was -19.33%, which is greater than MPRO's maximum drawdown of -14.51%. Use the drawdown chart below to compare losses from any high point for MAMB and MPRO.
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Drawdown Indicators
| MAMB | MPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -14.51% | -4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -5.67% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -5.71% | -9.64% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -14.51% | -4.82% |
Current DrawdownCurrent decline from peak | -3.73% | -0.99% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -3.37% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.45% | +0.20% |
Volatility
MAMB vs. MPRO - Volatility Comparison
Monarch Ambassador Income ETF (MAMB) and Monarch ProCap ETF (MPRO) have volatilities of 1.53% and 1.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAMB | MPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.58% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 5.14% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.66% | 6.71% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 9.30% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.87% | 9.16% | -2.29% |
MAMB vs. MPRO - Expense Ratio Comparison
MAMB has a 1.49% expense ratio, which is higher than MPRO's 1.17% expense ratio.
Dividends
MAMB vs. MPRO - Dividend Comparison
MAMB's dividend yield for the trailing twelve months is around 2.71%, more than MPRO's 1.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MAMB Monarch Ambassador Income ETF | 2.71% | 2.47% | 2.11% | 1.73% | 0.92% | 0.56% |
MPRO Monarch ProCap ETF | 1.95% | 1.93% | 1.64% | 1.40% | 1.09% | 0.95% |
Frequently Asked Questions
MAMB and MPRO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPRO has higher volatility (1.58%) compared to MAMB (1.53%). In terms of maximum drawdown, MAMB dropped -19.33% vs MPRO's -14.51%.
On 5-year performance, MPRO leads with 5.64% vs 0.19% for MAMB. On fees, MPRO is cheaper at 1.17% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MPRO has performed better with a 5.64% return vs 0.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MPRO is cheaper with a 1.17% expense ratio, compared with 1.49% for MAMB.
MAMB has the higher dividend yield at 2.71%, compared with 1.95% for MPRO.
MAMB is categorized as Intermediate Core-Plus Bond, while MPRO is Diversified Portfolio. MAMB tracks Monarch Ambassador Income Index, while MPRO tracks Monarch ProCap Index. Their fees differ too: 1.49% for MAMB and 1.17% for MPRO.
MPRO currently has the higher Sharpe Ratio (1.78 vs 0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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