Monarch ProCap ETF
$32.11+0.02 (+0.07%)
- 1.03%
- $250M
- +7.2%
- 1.87%
- 0M sh
- $31.98
- low $30.17high $32.99
The ETF.net MPRO Grade
C
Score 48 out of 100
- 31 of 46
Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D32 out of 100Rank 31 of 46Mission
Whether the fund did what it promised, tested against its stated mandate.D34 out of 100Rank 21 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 17 of 46Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A90 out of 100Rank 2 of 46Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D39 out of 100Rank 35 of 43Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A78 out of 100Rank 6 of 46
Our read on MPRO
CMost tactical multi-asset funds run on a manager's judgment. MPRO runs on a rulebook: it tracks the Monarch ProCap Index by replication, so the shifts happen by formula, not by mood.
The Fund seeks to replicate, before fees and expenses, the performance of the Monarch ProCap Index. It uses a replication-indexing strategy to pursue that objective.
Why people hold it
- The tactical calls come from index rules, not a manager's gut. MPRO uses a replication-indexing strategy to track the Monarch ProCap Index before fees and expenses.
- Trading since March 2021, so there is a multi-year live record across calm and choppy markets rather than a backtest.
- Pays on a quarterly schedule, and it has gathered a substantial asset base for a rules-based tactical fund.
Worth knowing
- At 1.14% a year, it costs more than the typical fund in its tactical multi-asset group and several times cheaper rules-driven peers like ENDW (0.22%) and ONOF (0.39%).
- Volume is light, so bid-ask spreads can widen and bigger orders can push the price around more than in a heavily traded fund.
- The index can shift across asset classes, so the fund's path can look nothing like a plain stock index, in either direction.
MPRO Holdings
- Other
- 7
- 100%
- AGG
Sectors
- Communication20.3%
- Health Care20.2%
- Technology11.8%
- Consumer Discretionary9.7%
- Consumer Staples9.7%
- Real Estate9.6%
- Financials9.3%
- Industrials9.3%
- Materials0.0%
Geography
- United States100.00%
MPRO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
MPRO$10,722
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MPRO |
|---|---|
| Year to date | +6.0% |
| 1 month | +0.6% |
| 3 months | −1.2% |
| 1 year | +7.2% |
| 3 years | +11.2% |
| 5 years | +5.6% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MPRO |
|---|---|---|
| 2026 YTD | +6.0% | |
| 2025 | +9.3% | |
| 2024 | +8.4% | |
| 2023 | +10.5% | |
| 2022 | −9.4% | |
| 2021 | +11.8% |
MPRO in the news
MPRO Dividends
- 1.87%
- $0.60
- $0.16 per share
- Quarterly
Distribution history
MPRO Risk
- 8.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.70
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −14.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.87
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MPRO Cost
1.03%
MPRO1.03%
- The middle half of Tactical Allocation funds
- Median 0.91%
30 of the 46 Tactical Allocation funds charge less.
Other funds in Tactical Allocation
- CKAMOKensington Credit Opportunities ETFExpense ratio 0.92%1 year return —
- CAHLTAmerican Beacon Select Funds - Ahl Liquid Trend ETFExpense ratio 0.96%1 year return +33.3%
- CTHMRTHOR AdaptiveRisk Dynamic ETFExpense ratio 1.10%1 year return —
- CGHTAGoose Hollow Tactical Allocation ETFExpense ratio 1.61%1 year return +0.6%
- CWBIGWBI BullBear Yield 3000 ETFExpense ratio 1.44%1 year return +14.8%