MPRO vs. DDX

Last updated Apr 1, 2026

Compare and contrast key facts about Monarch ProCap ETF (MPRO) and Defined Duration 10 ETF (DDX).

MPRO and DDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MPRO is a passively managed fund by Monarch that tracks the performance of the Monarch ProCap Index. It was launched on Mar 23, 2021. DDX is an actively managed fund by Discipline Funds. It was launched on Sep 21, 2021.

Performance

MPRO vs. DDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch ProCap ETF (MPRO) and Defined Duration 10 ETF (DDX). The values are adjusted to include any dividend payments, if applicable.

MPRO vs. DDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MPRO Monarch ProCap ETF	2.16%	9.33%	8.37%	10.55%	-9.38%	4.36%
DDX Defined Duration 10 ETF	0.74%	12.02%	2.93%	10.48%	-16.19%	1.34%

Returns By Period

In the year-to-date period, MPRO achieves a 2.16% return, which is significantly higher than DDX's 0.74% return.

MPRO

• 1D: 1.13%
• 1M: -4.35%
• YTD: 2.16%
• 6M: 3.38%
• 1Y: 10.35%
• 3Y*: 8.91%
• 5Y*: 5.74%
• 10Y*: —

DDX

• 1D: 1.02%
• 1M: -3.21%
• YTD: 0.74%
• 6M: 2.79%
• 1Y: 9.41%
• 3Y*: 6.77%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MPRO vs. DDX - Expense Ratio Comparison

MPRO has a 1.17% expense ratio, which is higher than DDX's 0.25% expense ratio.

MPRO

Monarch ProCap ETF

DDX

Defined Duration 10 ETF

Return for Risk

MPRO vs. DDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MPRO

MPRO Risk / Return Rank: 65
MPRO Sharpe Ratio Rank: 63
MPRO Sortino Ratio Rank: 64
MPRO Omega Ratio Rank: 61
MPRO Calmar Ratio Rank: 68
MPRO Martin Ratio Rank: 67

DDX

DDX Risk / Return Rank: 79
DDX Sharpe Ratio Rank: 80
DDX Sortino Ratio Rank: 82
DDX Omega Ratio Rank: 77
DDX Calmar Ratio Rank: 79
DDX Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MPRO vs. DDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch ProCap ETF (MPRO) and Defined Duration 10 ETF (DDX). 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.

	MPRO	DDX	Difference
Sharpe ratio Return per unit of total volatility	1.14	1.54	-0.40
Sortino ratio Return per unit of downside risk	1.67	2.17	-0.50
Omega ratio Gain probability vs. loss probability	1.23	1.30	-0.07
Calmar ratio Return relative to maximum drawdown	1.77	2.21	-0.44
Martin ratio Return relative to average drawdown	6.97	8.58	-1.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MPRO vs. DDX - Sharpe Ratio Comparison

The current MPRO Sharpe Ratio is 1.14, which is comparable to the DDX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of MPRO and DDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MPRO	DDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	1.54	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.26	+0.42

Correlation

The correlation between MPRO and DDX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MPRO vs. DDX - Dividend Comparison

MPRO's dividend yield for the trailing twelve months is around 1.95%, less than DDX's 3.53% yield.

	TTM	2025	2024	2023	2022	2021
MPRO Monarch ProCap ETF	1.95%	1.93%	1.64%	1.40%	1.09%	0.95%
DDX Defined Duration 10 ETF	3.53%	3.17%	3.11%	2.41%	1.38%	1.14%

Drawdowns

MPRO vs. DDX - Drawdown Comparison

The maximum MPRO drawdown since its inception was -14.51%, smaller than the maximum DDX drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for MPRO and DDX.

Drawdown Indicators

	MPRO	DDX	Difference
Max Drawdown Largest peak-to-trough decline	-14.51%	-21.27%	+6.76%
Max Drawdown (1Y) Largest decline over 1 year	-6.17%	-4.41%	-1.76%
Max Drawdown (5Y) Largest decline over 5 years	-14.51%	—	—
Current Drawdown Current decline from peak	-4.35%	-3.21%	-1.14%
Average Drawdown Average peak-to-trough decline	-3.53%	-7.36%	+3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.14%	+0.43%

Volatility

MPRO vs. DDX - Volatility Comparison

Monarch ProCap ETF (MPRO) and Defined Duration 10 ETF (DDX) have volatilities of 2.82% and 2.75%, 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.

Volatility by Period

	MPRO	DDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	2.75%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	5.00%	3.84%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	9.14%	6.13%	+3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.29%	7.50%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.30%	7.50%	+1.80%