Monarch ProCap ETF
$31.96−0.25 (−0.76%)
- Expense ratio
- 1.03%
- Fund size
- $248M
- 1Y return
- +7.8%
- Yield · Last 12 months
- 1.97%
- Holdings
- 10
- Volume · 30D
- 0M sh
- NAV per share
- $31.94
- 52W range
The ETF.net MPRO Grade
Score 44 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 32Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 22Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 80Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 37Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 79Category rank
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
- 10
- 100%
- AGG
Sectors
Geography
MPRO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +5.8% |
| 1 month | −1.3% |
| 3 months | −0.4% |
| 1 year | +7.8% |
| 3 years | +10.9% |
| 5 years | +5.5% |
| 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 | +5.8% | |
| 2025 | +9.3% | |
| 2024 | +8.4% | |
| 2023 | +10.5% | |
| 2022 | −9.4% | |
| 2021 | +11.8% |
MPRO in the news
ETF.net Research hasn’t filed on MPRO yet — coverage lands here as it’s written.
MPRO Dividends
- 1.97%
- $0.63
- $0.14 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.14 |
| Mar 26, 2026 | Mar 31, 2026 | $0.09 |
| Dec 18, 2025 | Dec 23, 2025 | $0.20 |
| Sep 26, 2025 | Oct 1, 2025 | $0.19 |
| Jun 27, 2025 | Jul 2, 2025 | $0.12 |
| Mar 27, 2025 | Apr 1, 2025 | $0.08 |
| Dec 19, 2024 | Dec 24, 2024 | $0.15 |
| Sep 26, 2024 | Oct 1, 2024 | $0.14 |
| Jun 27, 2024 | Jul 2, 2024 | $0.12 |
| Mar 27, 2024 | Apr 2, 2024 | $0.07 |
| Dec 20, 2023 | Dec 27, 2023 | $0.09 |
| Sep 22, 2023 | Oct 2, 2023 | $0.06 |
MPRO Risk
- 8.7%
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.
- 0.63
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
- The middle half of Tactical Allocation funds
- Median 0.91%
30 of the 46 Tactical Allocation funds charge less.