Monarch ProCap ETF (MPRO) Performance
MPRO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.6% since Dec 31, 2025
- 1 year
- +8.2% total return
- 5 years
- +5.7% a year
- Since first price
- +6.8% a year since 2021
MPRO trailing returns vs AGG, TLT, SPY
| Period | MPRO total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +3.4% | +2.9% | +0.9% | +1.5% | −1.0% |
| 3 months | +1.7% | +1.2% | −0.4% | −1.0% | +3.2% |
| 6 months | +2.9% | +2.0% | −1.5% | −3.8% | +7.8% |
| YTD | +8.6% | +7.2% | −1.0% | −3.4% | +12.3% |
| 1 year | +8.2% | +6.1% | −1.1% | −6.9% | +14.4% |
| 3 years | +43.6%+12.8%/yr | +36.4% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +32.1%+5.7%/yr | +22.0% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionMar 24, 2021 | +44.1%+6.8%/yr | +32.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MPRO vs AGG
From Mar 24, 2021: MPRO grew to $14,409, AGG to $10,018.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MPRO returns by calendar year
3 of 4 full years positive. Best 2023 (+10.5%), worst 2022 (−9.4%). 2026 is year to date.
MPRO annual returns table
| Year | MPRO | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +8.6% | −5.7% | −1.0% | −3.4% | +12.3% |
| 2025 | +9.3% | −7.7% | +7.2% | +4.3% | +17.7% |
| 2024 | +8.4% | −5.6% | +1.3% | −8.1% | +24.9% |
| 2023 | +10.5% | −8.5% | +5.7% | +2.8% | +26.2% |
| 2022 | −9.4% | −14.5% | −13.0% | −31.2% | −18.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MPRO largest drawdowns
Now 0.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 4, 2022 | −14.5% | Oct 14, 2022 | Feb 1, 2024 | 9 months | 2.1 years |
| Sep 30, 2024 | −9.6% | Apr 8, 2025 | Jul 23, 2025 | 6 months | 10 months |
| Feb 27, 2026 | −5.7% | Mar 27, 2026 | May 28, 2026 | 28 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
MPRO risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +10.6% | +5.2% | +5.7% |
| Volatility (annualized) | 8.5% | 10.0% | 9.7% |
| Sharpe ratio | 0.72 | 0.20 | 0.28 |
| Sortino ratio | 1.12 | 0.29 | 0.41 |
| Best month | +6.2% | +6.4% | +6.4% |
| Worst month | −4.4% | −6.3% | −6.3% |
| Best 12 months | +25.8% | +25.8% | +25.8% |
| Worst 12 months | +2.3% | −9.4% | −9.4% |
| Positive months | 67% | 60% | 62% |
| Beta vs S&P 500 | 0.47 | 0.53 | — |
| Correlation with S&P 500 | 0.69 | 0.83 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MPRO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 56 | −9.4% | +6.1% | +25.8% | 79% |
| 3-year (a year) | 32 | +2.4% | +6.7% | +12.5% | 100% |
| 5-year (a year) | 8 | +5.2% | +5.7% | +6.0% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
MPRO performance overview
Monarch ProCap ETF (MPRO) returned +8.2% over the past year and +5.7% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +6.8% a year, turning $10,000 into about $14,409. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −14.5%, from Jan 4, 2022 to Oct 14, 2022, and it took 1.3 years to get back to the old high. MPRO finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+10.5%) and the worst 2022 (−9.4%). Volatility has been 9.7% a year.
Related: MPRO chart, MPRO dividends, MPRO bond profile. See the MPRO overview for the latest quote and fund facts.
MPRO performance FAQ
What is the MPRO return over the past year?
MPRO returned +8.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.1%.
What is the average annual return of MPRO?
MPRO has returned +5.7% a year over 5 years, +6.8% a year since March 24, 2021 (total return, distributions reinvested).
How much would $10,000 invested in MPRO be worth?
$10,000 invested in MPRO at its first recorded close on March 24, 2021 would be worth about $14,409 on October 23, 2026 with distributions reinvested.
What was the worst year for MPRO?
The worst calendar year was 2022, with a total return of −9.4%. The best was 2023 at +10.5%.
What is the biggest drawdown of MPRO?
The largest peak-to-trough decline was −14.5% between January 4, 2022 and October 14, 2022. It recovered to the old high on February 1, 2024, 1.3 years after the bottom.
How volatile is MPRO?
Over the past 3 years MPRO had an annualized volatility of 8.5% and a Sharpe ratio of 0.72 (excess return over 1–3 month T-bills per unit of risk).