MPRO vs QQQ
Monarch ProCap Index ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MPRO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.18% | |
| AUM | $259M | $496.3B | |
| Dividend Yield | 1.95% | 0.44% | |
| Holdings | 8 | 108 | |
| YTD Return | +6.33% | +17.07% | |
| 1Y Return | +8.66% | +26.39% | |
| 3Y Return (annualized) | +10.14% | +26.08% | |
| 5Y Return (annualized) | +5.47% | +15.18% | |
| Volatility (annualized) | 9.7% | 30.6% | |
| Max Drawdown | -14.5% | -83.0% | |
| Fund Family | Monarch Funds | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Mar 23, 2021 | Mar 10, 1999 |
MPRO vs QQQ Performance
Monarch ProCap Index ETF (MPRO) is a ETF from Monarch Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MPRO returned +8.66% while QQQ returned +26.39%. Year to date, MPRO is up 6.33% versus a gain of 17.07% for QQQ.
Over three years, MPRO compounded at +10.14% per year against +26.08% for QQQ; over five years the annualized figures are +5.47% and +15.18% respectively. Across the full 5-year window we track, QQQ has the edge at +13.05% annualized vs +6.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 9.7% for MPRO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.5% for MPRO and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MPRO charges 1.03% per year while QQQ charges 0.18%. On a $10,000 position that is $103 vs $18 annually, a gap of $85 per year that compounds over a long holding period. On income, MPRO currently yields 1.95% against 0.44% for QQQ.
Holdings Overlap
MPRO and QQQ share 0 holdings out of 108 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MPRO or QQQ?
MPRO has an expense ratio of 1.03% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, MPRO or QQQ?
Over the past year MPRO returned +8.66% vs +26.39% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), MPRO annualized +6.40% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, MPRO or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 9.7% for MPRO. Worst drawdown: MPRO -14.5% vs QQQ -83.0%.
Should I hold both MPRO and QQQ?
MPRO and QQQ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MPRO and QQQ?
MPRO and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, MPRO or QQQ?
MPRO yields 1.95% while QQQ yields 0.44%, so MPRO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.