MPRO vs. EAOM

Last updated Jun 24, 2026

MPRO (Monarch ProCap ETF) and EAOM (iShares ESG Aware Moderate Allocation ETF) are both Diversified Portfolio funds - MPRO tracks the Monarch ProCap Index while EAOM tracks the BlackRock ESG Aware Moderate Allocation Index. Both are passively managed. Over the past 5 years, MPRO returned 5.66%/yr vs 4.08%/yr for EAOM. Their correlation of 0.83 suggests significant overlap in exposure. MPRO charges 1.17%/yr vs 0.18%/yr for EAOM.

Performance

MPRO vs. EAOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch ProCap ETF (MPRO) and iShares ESG Aware Moderate Allocation ETF (EAOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPRO achieves a 6.27% return, which is significantly higher than EAOM's 4.48% return.

MPRO

• 1D: 0.04%
• 1M: 0.14%
• YTD: 6.27%
• 6M: 6.02%
• 1Y: 12.46%
• 3Y*: 9.91%
• 5Y*: 5.66%
• 10Y*: —

EAOM

• 1D: -0.69%
• 1M: 0.47%
• YTD: 4.48%
• 6M: 4.28%
• 1Y: 13.00%
• 3Y*: 10.14%
• 5Y*: 4.08%
• 10Y*: —

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

MPRO vs. EAOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MPRO Monarch ProCap ETF	6.27%	9.33%	8.37%	10.55%	-9.38%	10.74%
EAOM iShares ESG Aware Moderate Allocation ETF	4.48%	12.90%	7.29%	11.83%	-15.48%	6.49%

Correlation

The correlation between MPRO and EAOM is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021	0.83

The correlation between MPRO and EAOM shifts across timeframes, from 0.72 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MPRO vs. EAOM — Risk / Return Rank

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

MPRO

MPRO Risk / Return Rank: 57
MPRO Sharpe Ratio Rank: 60
MPRO Sortino Ratio Rank: 65
MPRO Omega Ratio Rank: 59
MPRO Calmar Ratio Rank: 49
MPRO Martin Ratio Rank: 54

EAOM

EAOM Risk / Return Rank: 62
EAOM Sharpe Ratio Rank: 62
EAOM Sortino Ratio Rank: 64
EAOM Omega Ratio Rank: 64
EAOM Calmar Ratio Rank: 55
EAOM Martin Ratio Rank: 64

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. EAOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch ProCap ETF (MPRO) and iShares ESG Aware Moderate Allocation ETF (EAOM). 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.

	MPRO	EAOM	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.91	-0.07
Sortino ratio: Return per unit of downside risk	2.72	2.75	-0.02
Omega ratio: Gain probability vs. loss probability	1.33	1.36	-0.03
Calmar ratio: Return relative to maximum drawdown	2.21	2.52	-0.32
Martin ratio: Return relative to average drawdown	8.68	10.90	-2.22

MPRO vs. EAOM - Sharpe Ratio Comparison

The current MPRO Sharpe Ratio is 1.85, which is comparable to the EAOM Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of MPRO and EAOM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MPRO vs. EAOM - Drawdown Comparison

The maximum MPRO drawdown since its inception was -14.51%, smaller than the maximum EAOM drawdown of -20.73%. Use the drawdown chart below to compare losses from any high point for MPRO and EAOM.

Drawdown Indicators

	MPRO	EAOM	Difference
Max Drawdown Largest peak-to-trough decline	-14.51%	-20.73%	+6.22%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-5.17%	-0.50%
Max Drawdown (3Y) Largest decline over 3 years	-9.64%	-7.63%	-2.01%
Max Drawdown (5Y) Largest decline over 5 years	-14.51%	-20.73%	+6.22%
Current Drawdown Current decline from peak	-0.94%	-1.01%	+0.07%
Average Drawdown Average peak-to-trough decline	-3.43%	-4.93%	+1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	1.20%	+0.24%

Volatility

MPRO vs. EAOM - Volatility Comparison

The current volatility for Monarch ProCap ETF (MPRO) is 2.04%, while iShares ESG Aware Moderate Allocation ETF (EAOM) has a volatility of 2.76%. This indicates that MPRO experiences smaller price fluctuations and is considered to be less risky than EAOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPRO	EAOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	2.76%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	5.15%	5.72%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	6.79%	6.84%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.28%	8.14%	+1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.22%	7.94%	+1.28%

MPRO vs. EAOM - Expense Ratio Comparison

MPRO has a 1.17% expense ratio, which is higher than EAOM's 0.18% expense ratio.

Dividends

MPRO vs. EAOM - Dividend Comparison

MPRO's dividend yield for the trailing twelve months is around 1.87%, less than EAOM's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EAOM iShares ESG Aware Moderate Allocation ETF	2.80%	2.89%	2.89%	2.70%	1.93%	1.32%	1.02%
MPRO Monarch ProCap ETF	1.87%	1.93%	1.64%	1.40%	1.09%	0.95%	0.00%

Frequently Asked Questions

Can I hold both MPRO and EAOM in my portfolio?

MPRO and EAOM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPRO or EAOM?

EAOM has higher volatility (2.76%) compared to MPRO (2.04%). In terms of maximum drawdown, MPRO dropped -14.51% vs EAOM's -20.73%.

Which ETF is better, MPRO or EAOM?

On 5-year performance, MPRO leads with 5.66% vs 4.08% for EAOM. On fees, EAOM is cheaper at 0.18% per year. On volatility, MPRO has been the lower-risk option at 2.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MPRO or EAOM?

Over the 5-year period, MPRO has performed better with a 5.66% return vs 4.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MPRO or EAOM?

EAOM is cheaper with a 0.18% expense ratio, compared with 1.17% for MPRO.

Which ETF pays a higher dividend yield, MPRO or EAOM?

EAOM has the higher dividend yield at 2.80%, compared with 1.87% for MPRO.

What is the main difference between MPRO and EAOM?

MPRO tracks Monarch ProCap Index, while EAOM tracks BlackRock ESG Aware Moderate Allocation Index. They also come from different issuers: Monarch and iShares. Their fees differ too: 1.17% for MPRO and 0.18% for EAOM.

Which has better risk-adjusted returns?

EAOM currently has the higher Sharpe Ratio (1.91 vs 1.85), 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.