MPRO vs. MBCE

Last updated Aug 4, 2026

MPRO (Monarch ProCap ETF) and MBCE (Monarch Blue Chips Elite Index ETF) are both exchange-traded funds - MPRO is a Diversified Portfolio fund tracking the Monarch ProCap Index, while MBCE is a Large Cap Growth Equities fund tracking the Monarch Blue Chips Elite Index. Both are passively managed. Their 0.05 correlation means their historical movements had little consistent relationship. MPRO charges 1.17%/yr vs 1.14%/yr for MBCE.

Performance

MPRO vs. MBCE - Performance Comparison

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

Returns By Period

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%

MBCE

• 1D: 1.09%
• 1M: -6.79%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MBCE Monarch Blue Chips Elite Index ETF	$704.30K	$864.91K	$1.01M
MPRO Monarch ProCap ETF	$485.34K	$936.98K	$785.78K

MPRO vs. MBCE - Yearly Performance Comparison

	2026 (YTD)
MPRO Monarch ProCap ETF	0.63%
MBCE Monarch Blue Chips Elite Index ETF	-7.47%

Correlation

The correlation between MPRO and MBCE is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026	0.05

Return for Risk

MPRO vs. MBCE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MPRO

MPRO Risk / Return Rank: 67
MPRO Sharpe Ratio Rank: 71
MPRO Sortino Ratio Rank: 74
MPRO Omega Ratio Rank: 70
MPRO Calmar Ratio Rank: 55
MPRO Martin Ratio Rank: 64

MBCE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MPRO vs. MBCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch ProCap ETF (MPRO) and Monarch Blue Chips Elite Index ETF (MBCE). 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	MBCE	Difference
Sharpe ratio: Return per unit of total volatility	1.78	—	—
Sortino ratio: Return per unit of downside risk	2.62	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.10	—	—
Martin ratio: Return relative to average drawdown	8.22	—	—

Drawdowns

MPRO vs. MBCE - Drawdown Comparison

The maximum MPRO drawdown since its inception was -14.51%, smaller than the maximum MBCE drawdown of -17.37%. Use the drawdown chart below to compare losses from any high point for MPRO and MBCE.

Drawdown Indicators

	MPRO	MBCE	Difference
Max Drawdown Largest peak-to-trough decline	-14.51%	-17.37%	+2.86%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.51%	—	—
Current Drawdown Current decline from peak	-0.99%	-12.08%	+11.09%
Average Drawdown Average peak-to-trough decline	-3.37%	-6.11%	+2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	—	—

Volatility

Volatility by Period

	MPRO	MBCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.71%	41.62%	-34.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.30%	41.62%	-32.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.16%	41.62%	-32.46%

MPRO vs. MBCE - Expense Ratio Comparison

MPRO has a 1.17% expense ratio, which is higher than MBCE's 1.14% expense ratio.

Dividends

MPRO vs. MBCE - Dividend Comparison

MPRO's dividend yield for the trailing twelve months is around 1.95%, while MBCE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MBCE Monarch Blue Chips Elite Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MPRO Monarch ProCap ETF	1.95%	1.93%	1.64%	1.40%	1.09%	0.95%

Frequently Asked Questions

Can I hold both MPRO and MBCE in my portfolio?

MPRO and MBCE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MPRO or MBCE?

On fees, MBCE is cheaper at 1.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MPRO or MBCE?

MBCE is cheaper with a 1.14% expense ratio, compared with 1.17% for MPRO.

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

MPRO has the higher dividend yield at 1.95%, compared with 0.00% for MBCE.

What is the main difference between MPRO and MBCE?

MPRO is categorized as Diversified Portfolio, while MBCE is Large Cap Growth Equities. MPRO tracks Monarch ProCap Index, while MBCE tracks Monarch Blue Chips Elite Index. Their fees differ too: 1.17% for MPRO and 1.14% for MBCE.