MPRO vs RISN

MPROCMonarch ProCap ETF

RISNAInspire Capital Appreciation ETF

In short

MPRO MPRO reads employment data to place the economy in one of four cycle phases, then rotates a 6-to-9 ETF portfolio across bonds, five stock sectors and a dash of gold. Rules-based macro allocation in one ticker, at 1.03% with no waiver.

RISN A tactical blend of U.S. large-cap stocks and U.S. bonds from a values-screening shop, built to chase long-term growth with less turbulence than the large-cap market, at a fee below the typical tactical peer.

Stated mandate

MPRO 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.

RISN The fund seeks long-term capital appreciation with lower volatility than the U.S. large-cap stock market.

Why people hold it

• MPRO The macro playbook in one ticker: the index sorts the cycle into expansion, peak, contraction or trough, then sets the bond/stock split and picks five of the eleven GICS sectors.sec.gov
• Guardrails are written down, not improvised: 6 to 9 holdings, stocks and bonds each held between 15% and 75%, and up to 10% in alternatives such as gold or currency ETFs.sec.gov
• Running since 2021 and now a fund in the hundreds of millions, with Kingsview building the index and Penserra on the trading desk. Distributions come quarterly.sec.gov

• RISN Charges 0.72% a year, under the going rate for tactical multi-asset funds that actively shift their mix.
• One ticket holds U.S. large-cap equities alongside U.S. fixed income, with the stated aim of long-term appreciation at lower volatility than U.S. large caps.
• One of the stronger implementations in a crowded tactical multi-asset field, with a live record going back to its 2020 launch.
• Pays out quarterly, so the bond sleeve shows up as scheduled cash rather than a once-a-year surprise.

Worth knowing

• MPRO At 1.03% it sits above the typical fee in its tactical multi-asset category, and above rules-based peers like ENDW at 0.22% or GMOD at 0.50% net of a waiver through June 30, 2027.
• The equity sleeve owns five of eleven sectors at a time, so when the cycle call changes the portfolio reshuffles and sector bets can run well off the broad market.sec.gov
• It buys other ETFs, so those funds' own expenses ride underneath, and shares trade lightly enough that the bid/ask gap is worth checking.sec.gov

• RISN Thinly traded and modest in size, so bid-ask spreads can matter more than the fee does. Limit orders are the standard workaround.
• Tactical means judgment calls: the allocation can look nothing like a fixed stock/bond blend at any given moment.
• Cheap for tactical, not cheap outright. Peers such as ENDW (0.22%) and ONOF (0.39%) run at a fraction of the fee.

Full MPRO profile⁠

Full RISN profile⁠