MPRO against the ETFIQ Strategic 40 benchmark

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As of Nov 4, 2026, Monarch ProCap Index ETF holds 50.0% of its net assets in stocks, counting stocks inside any funds it owns. That puts it in the moderately conservative band. Its benchmark is ETFIQ Strategic, 40% stocks, a rule, not a fund.

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In the year to Oct 30, 2026, MPRO returned +11.99%, 7.16 points ahead of the ETFIQ Strategic 40 benchmark’s hypothetical +4.83%.

1.03%fee a year

+11.99%1 year, to Oct 30, 2026

+4.83%Strategic 40, 1 year, hypothetical

+7.16points, MPRO ahead

Growth of $10,000

1Y3Y5YAll

Ranges such as 1Y and 5Y end on Oct 30, 2026; All ends on Nov 4, 2026. MPRO’s line is its own market-price total return. The benchmark’s is dashed and shaded where hypothetical, before Oct 5, 2026. The largest drawdown of MPRO is shaded where the comparison dates it. Computed by ETFIQ from Tiingo daily prices. Not published: the 10Y range, the comparison carries no such window.

MPROStrategic 40, the benchmarkHypothetical

Value of $10,000 at six points from Oct 31, 2025 to Oct 30, 2026; the same numbers as the chart. MPRO is its market-price total return; the benchmark is hypothetical.
Value on	Oct 31, 2025	Jan 14, 2026	Mar 27, 2026	Jun 9, 2026	Aug 20, 2026	Oct 30, 2026
MPRO	$10,000	$10,394	$10,230	$10,790	$10,852	$11,199
Reference	$10,000	$10,194	$9,852	$10,466	$10,620	$10,483

MPROStrategic 40, the benchmarkHypotheticalLargest drawdown −9.64%, Sep 30, 2024 to Apr 8, 2025

Value of $10,000 at six points from Oct 31, 2023 to Oct 30, 2026; the same numbers as the chart. MPRO is its market-price total return; the benchmark is hypothetical.
Value on	Oct 31, 2023	Jun 6, 2024	Jan 14, 2025	Aug 20, 2025	Mar 27, 2026	Oct 30, 2026
MPRO	$10,000	$11,521	$11,915	$12,725	$13,226	$14,480
Reference	$10,000	$11,497	$11,779	$12,874	$13,164	$14,007

MPROStrategic 40, the benchmarkHypotheticalLargest drawdown −14.51%, Jan 4, 2022 to Oct 14, 2022

Value of $10,000 at six points from Oct 29, 2021 to Oct 30, 2026; the same numbers as the chart. MPRO is its market-price total return; the benchmark is hypothetical.
Value on	Oct 29, 2021	Oct 28, 2022	Oct 30, 2023	Oct 29, 2024	Oct 30, 2025	Oct 30, 2026
MPRO	$10,000	$9,172	$9,165	$11,376	$11,929	$13,333
Reference	$10,000	$8,330	$8,630	$10,350	$11,544	$12,107

MPROStrategic 40, the benchmarkHypothetical

Value of $10,000 at six points from Mar 24, 2021 to Nov 4, 2026; the same numbers as the chart. MPRO is its market-price total return; the benchmark is hypothetical.
Value on	Mar 24, 2021	May 5, 2022	Jun 21, 2023	Aug 6, 2024	Sep 22, 2025	Nov 4, 2026
MPRO	$10,000	$10,707	$10,693	$12,153	$13,021	$14,869
Reference	$10,000	$9,447	$9,671	$10,598	$12,117	$12,957

MPRO and Strategic 40 by window

MPRO and Strategic 40 by window
Window	From	To	MPRO	Strategic 40	Difference, points	Side
Year to date	Dec 31, 2025	Nov 4, 2026	+12.06%	+5.03%*	+7.03	MPRO ahead
1 year	Oct 31, 2025	Oct 30, 2026	+11.99%	+4.83%*	+7.16	MPRO ahead
3 years, a year	Oct 31, 2023	Oct 30, 2026	+13.13%	+11.89%*	+1.24	MPRO ahead
5 years, a year	Oct 29, 2021	Oct 30, 2026	+5.92%	+3.90%*	+2.02	MPRO ahead
10 years, a year	not published	not published	not published	not published	not published	not published
Since Mar 24, 2021, a year	Mar 31, 2021	Oct 30, 2026	+6.77%	+4.48%*	+2.29	MPRO ahead

MPRO’s own market-price total return beside Strategic 40 over the same closes. YTD and 1 year are total returns; the longer windows are yearly rates over whole months. The difference is in percentage points. *Hypothetical as a whole: the benchmark’s window begins before its tracked date, Oct 5, 2026. Data sourced by Tiingo.

Fees

Fees
Portfolio	Fee	A year	On $10,000	As of
MPRO	Expense ratio, from its prospectus	1.03%	$103	Jun 24, 2026
Strategic 40	Weighted fund fee, inside its returns	0.04%	$4	Nov 4, 2026

Both fees are already inside the returns above. On $10,000 is the fee times 100, the dollars a year at that fee.

Risk over 5 years

Risk over 5 years
Number	MPRO	Strategic 40
Volatility, a year	10.29%	9.15%
Largest drawdown, on daily values	−14.51%	−20.32%
Beta to the benchmark	1.01	measured against itself
Correlation	0.89	measured against itself
Tracking error, a year	4.61%	measured against itself
Up capture	1.13	measured against itself
Down capture	1.00	measured against itself

From monthly returns, Oct 29, 2021 to Oct 30, 2026, 60 months. The drawdown uses daily values. Beta, correlation, tracking error and captures compare the fund with the benchmark.

How a benchmark is published

Each benchmark has its own page with its weights, calendar and returns. Rules were frozen on Oct 3, 2026. Data before Oct 5, 2026 is hypothetical: we apply today’s rule and funds to earlier prices. Total returns use market price with distributions reinvested, after each fund’s own fees. Nothing else is deducted. The price source leaves out funds that closed before 2016, so results lean toward funds that survived. Methodology v1.3 →

Where to next

MPRO fund page→The Strategic 40 benchmark→Every benchmark at 40% stocks→Every model, side by side→How the benchmarks are built→

Questions people ask about MPRO and its benchmark

Why is MPRO measured against ETFIQ Strategic 40?

As of Nov 4, 2026, MPRO holds 50.0% of its net assets in stocks, counting stocks inside any funds it owns. That puts it in the moderately conservative band, more than 30% and up to 50% stocks. ETFIQ Strategic 40 is that band’s benchmark.

What does ETFIQ Strategic 40 hold?

40% VT and 60% US bonds (BND and AGG in equal parts), rebalanced on the last trading day of each month. It is a rule, not a fund. ETFIQ takes no payment from any fund company.

Why are the benchmark’s returns hypothetical?

Its rule was frozen on a set date. Returns before that date apply today’s rule and funds to earlier prices. The fund’s own returns use its market price with distributions reinvested. The price source leaves out funds that closed before 2016, so results lean toward funds that survived.

Sources and dates

Prices and distributions, every fund the benchmarks holdData sourced by Tiingo · end of day · Nov 4, 2026 ↗

The risk-free rate, for the Sharpe ratioU.S. Treasury daily bill rates ↗

MPRO’s page, with its prospectus and feeMPRO’s page, with its prospectus and fee →

MPRO’s prospectus filing, for its expense ratioMPRO’s prospectus filing, for its expense ratio ↗

Computed by ETFIQ from Tiingo daily prices. Data sourced by Tiingo.

Cite this pageCitation, APA and Markdown

ETFIQ, MPRO ETF vs the ETFIQ Strategic 40 Benchmark, data as of Nov 4, 2026. https://etfiq.com/models/compare/mpro/

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data. Data before Oct 5, 2026 is hypothetical.