MPRO vs. MDAA

Last updated Jun 4, 2026

MPRO (Monarch ProCap ETF) and MDAA (Myriad Dynamic Asset Allocation ETF) are both Diversified Portfolio funds. MPRO is passively managed, while MDAA is actively managed. A 0.56 correlation means they provide meaningful diversification when combined. MPRO charges 1.17%/yr vs 0.97%/yr for MDAA.

Performance

MPRO vs. MDAA - Performance Comparison

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

Returns By Period

In the year-to-date period, MPRO achieves a 5.93% return, which is significantly lower than MDAA's 22.13% return.

MPRO

• 1D: -0.28%
• 1M: 0.89%
• YTD: 5.93%
• 6M: 5.81%
• 1Y: 12.85%
• 3Y*: 9.93%
• 5Y*: 5.46%
• 10Y*: —

MDAA

• 1D: -1.11%
• 1M: 8.24%
• YTD: 22.13%
• 6M: 22.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MPRO vs. MDAA - Yearly Performance Comparison

	2026 (YTD)	2025
MPRO Monarch ProCap ETF	5.93%	0.53%
MDAA Myriad Dynamic Asset Allocation ETF	22.13%	-0.27%

Correlation

The correlation between MPRO and MDAA is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025	0.56

Return for Risk

MPRO vs. MDAA — Risk / Return Rank

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

MPRO

MPRO Risk / Return Rank: 56
MPRO Sharpe Ratio Rank: 58
MPRO Sortino Ratio Rank: 62
MPRO Omega Ratio Rank: 58
MPRO Calmar Ratio Rank: 47
MPRO Martin Ratio Rank: 53

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. MDAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch ProCap ETF (MPRO) and Myriad Dynamic Asset Allocation ETF (MDAA). 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	MDAA	Difference
Sharpe ratio: Return per unit of total volatility	1.95	—	—
Sortino ratio: Return per unit of downside risk	2.87	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.28	—	—
Martin ratio: Return relative to average drawdown	8.99	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MPRO	MDAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	1.47	-0.73

Drawdowns

MPRO vs. MDAA - Drawdown Comparison

The maximum MPRO drawdown since its inception was -14.51%, roughly equal to the maximum MDAA drawdown of -14.59%. Use the drawdown chart below to compare losses from any high point for MPRO and MDAA.

Drawdown Indicators

	MPRO	MDAA	Difference
Max Drawdown Largest peak-to-trough decline	-14.51%	-14.59%	+0.08%
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	-0.87%	-1.11%	+0.24%
Average Drawdown Average peak-to-trough decline	-3.46%	-2.93%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	—	—

Volatility

Volatility by Period

	MPRO	MDAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.64%	23.89%	-17.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.25%	23.89%	-14.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.22%	23.89%	-14.67%

MPRO vs. MDAA - Expense Ratio Comparison

MPRO has a 1.17% expense ratio, which is higher than MDAA's 0.97% expense ratio.

Dividends

MPRO vs. MDAA - Dividend Comparison

MPRO's dividend yield for the trailing twelve months is around 1.88%, more than MDAA's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021
MDAA Myriad Dynamic Asset Allocation ETF	0.38%	0.46%	0.00%	0.00%	0.00%	0.00%
MPRO Monarch ProCap ETF	1.88%	1.93%	1.64%	1.40%	1.09%	0.95%

Frequently Asked Questions

Can I hold both MPRO and MDAA in my portfolio?

MPRO and MDAA have a correlation of 0.56, 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 MDAA?

On fees, MDAA is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MPRO or MDAA?

MDAA is cheaper with a 0.97% expense ratio, compared with 1.17% for MPRO.

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

MPRO has the higher dividend yield at 1.88%, compared with 0.38% for MDAA.

What is the main difference between MPRO and MDAA?

They also come from different issuers: Monarch and Myriad. Their fees differ too: 1.17% for MPRO and 0.97% for MDAA.