# MPRO ETF vs the ETFIQ Strategic 40 Benchmark

> 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%.

Data as of Nov 4, 2026. Rebuilt every trading night.

Rebuilt every trading night. Data as of Nov 4, 2026; 1Y, 3Y and 5Y returns end at the last month end, Oct 30, 2026.

## MPRO against the ETFIQ Strategic 40 benchmark

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.

+11.99% MPRO, 1 year

+4.83%* Strategic 40, 1 year

+7.16 Difference, points

1.03% Expense ratio

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%.

ETFIQ Strategic, 40% stocks: launched on Oct 3, 2026, when ETFIQ froze its rule. Data before Oct 5, 2026 is hypothetical: we apply today’s rule and funds to earlier prices. From Oct 5, 2026 the record is tracked. A window that starts earlier is hypothetical as a whole.

### Other allocation ETFs against their benchmarks

### MPRO and Strategic 40 by window

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 .

| 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 |

### Fees

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

| 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 |

### Risk over 5 years

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.

| 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 |

### Questions people ask

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. 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. Data sourced by Tiingo .

### Sources

### Where to next

ETFIQ publishes ETF data. It is independent, is not an investment adviser, takes no payment from issuers, and makes no recommendations.

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, MPRO ETF vs the ETFIQ Strategic 40 Benchmark, data as of Nov 4, 2026. https://etfiq.com/models/compare/mpro/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/models/compare/mpro/