MPRO vs QQQ
Monarch ProCap Index ETF vs Invesco QQQ Trust, Series 1
Which is better, MPRO or QQQ?
Allocation/Balanced against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MPRO | QQQ |
|---|---|---|
| Expense Ratio | 1.03% | 0.18%Best |
| AUM | $254M | $483.5B |
| Dividend Yield | 1.95% | 0.44% |
| Holdings | 8 | 107 |
| YTD Return | +4.11% | +16.87%Best |
| 1Y Return | +3.98% | +22.98%Best |
| 3Y Return (annualized) | +9.27% | +24.98%Best |
| 5Y Return (annualized) | +4.85% | +14.39%Best |
| Volatility (annualized) | 9.7%Best | 20.4% |
| Max Drawdown | -14.5%Best | -35.1% |
| $10,000 over 5 years | $12,672 | $19,586Best |
| Top 10 Weight | - | 46.5% |
| Fund Family | Monarch Funds | Invesco (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Growth |
| Inception | Mar 23, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Mar 24, 2021 to Sep 11, 2026 (5.5 years).
MPRO vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.5 years both funds cover.
MPRO vs QQQ Performance
Monarch ProCap Index ETF (MPRO) is an ETF from Monarch Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MPRO returned +3.98% while QQQ returned +22.98%. Year to date, MPRO is up 4.11% versus a gain of 16.87% for QQQ.
Over three years, MPRO compounded at +9.27% per year against +24.98% for QQQ; over five years the annualized figures are +4.85% and +14.39% respectively. Across the full 6-year window we track, QQQ has the edge at +17.05% annualized vs +5.91%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.4% 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 -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
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
We hold position weights for 9 holdings in MPRO and 102 in QQQ, totalling 99.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 9 positions we hold weights for in MPRO and 102 in QQQ, against full books of 8 and 107.
What only one of them owns
Measured across the 9 and 102 positions we hold weights for.
QQQ holds 95 positions MPRO does not, 97.0% of the fund.
Largest: NVDA 8.44%, AAPL 7.27%, MSFT 5.76%, AMZN 4.67%, MU 4.43%
You are not choosing between two funds in isolation.
Whichever of MPRO and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $85 a year on a $10,000 investment.
Which performed better, MPRO or QQQ?
Over the past year MPRO returned +3.98% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), MPRO annualized +5.91% vs +17.05% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MPRO or QQQ?
QQQ has been the more volatile fund at 20.4% annualized versus 9.7% for MPRO. Worst drawdown: MPRO -14.5% vs QQQ -35.1%.
Should I hold both MPRO and QQQ?
MPRO and QQQ have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
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.
Is QQQ better than MPRO?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.