MPROvsFPAAETF Comparison
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Monarch Procap ETF (MPRO) and FPA Global Allocation ETF (FPAA) belong to the same industry segment: Multi-Asset: Other. MPRO's top 3 sector exposures are Sovereign, Finance and Healthcare. In contrast, FPAA's top sector exposures are Sovereign, Technology and Consumer Non-Cyclicals. MPRO is less expensive with a Total Expense Ratio (TER) of 1.03%, versus 1.33% for FPAA. Run a side-by-side ETF comparison of MPRO and FPAA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MPRO vs FPAA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MPRO FPAA | +2.14%+1.04% | +0.39%+0.67% | +7.47%n/a | +7.34%n/a | +38.39%n/a | +31.40%n/a |
| Flows | MPRO FPAA | +$2M+$7M | -$862K+$15M | +$16M- | +$29M- | +$126M- | +$164M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MPRO FPAA | +6.58%+8.08% | +6.88%n/a | +7.65%n/a | +9.16%n/a |
| Max drawdown | MPRO FPAA | -3.92%-4.40% | -5.67%n/a | -9.51%n/a | -14.48%n/a |
| Max drawdown duration | MPRO FPAA | 79d51d | 87dn/a | 316dn/a | 757dn/a |
Trading data
MPRO | FPAA | |
Last sale 10/16/2026 at 1:30 PM | $32.63 | $25.19 |
| Previous close 10/15/2026 | $32.51 | $25.26 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FPAA
is actively managed and doesn’t replicate an indexMPRO | FPAA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MPRO | FPAA | |
|---|---|---|
| Last price | $32.63 | $25.19 |
| 1D performance | +0.37% | -0.28% |
| AuM | $254.55 M | $27.87 M |
| E/R | 1.03% | 1.33% |
Characteristics
MPRO | FPAA | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Monarch Fund | First Pacific Advisors |
| Benchmark | Solactive Kingsview ProCap Index | - |
| N° of holdings | 10643 | 10775 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 24, 2021 | June 5, 2026 |
| ESG | No | No |
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Exposure
Countries
MPRO
USA
87.16%
Other
12.84%
FPAA
USA
70.02%
Other
29.98%
Sectors
MPRO
Sovereign
23.56%
Finance
14.6%
Healthcare
11.16%
Technology
10.85%
Industrials
7.73%
Consumer Non-Cycl.
7.29%
Other
24.8%
FPAA
Sovereign
35.98%
Technology
12.92%
Consumer Non-Cycl.
8.56%
Healthcare
7.67%
Other
34.87%
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Diversification
MPRO
Total weight of top 15 holdings out of 15
14.19%
FPAA
Total weight of top 15 holdings out of 15
59.12%
Top 15 holdings
Data as of August 31, 2026
MPRO
Meta Platforms, Inc.
1.68%
Eli Lilly & Co.
1.54%
BlackRock Cash Funds - Institutional
1.50%
Amazon.com, Inc.
1.20%
Johnson & Johnson
1.08%
Alphabet, Inc.
1.03%
Tesla, Inc.
0.85%
Alphabet, Inc.
0.82%
AbbVie, Inc.
0.76%
NVIDIA Corp.
0.72%
Apple, Inc.
0.63%
Merck & Co., Inc.
0.61%
UnitedHealth Group, Inc.
0.60%
JPMorgan Chase & Co.
0.58%
Berkshire Hathaway, Inc.
0.57%
FPAA
USA, Notes 4.125% 30jun2031, USD (AA-2031)
21.27%
USA, Notes 4.125% 31may2031, USD (Z-2031)
8.18%
USA, Notes 4.375% 31jul2031, USD (AB-2031)
6.53%
Alphabet, Inc.
2.41%
International Flavors & Fragrances, Inc.
2.26%
Heineken Holding NV
2.03%
US9220408457
2.03%
Analog Devices, Inc.
2.02%
Citigroup, Inc.
1.94%
Becton, Dickinson & Co.
1.92%
Meta Platforms, Inc.
1.80%
Amazon.com, Inc.
1.75%
Arthur J. Gallagher & Co.
1.72%
The Magnum Ice Cream Co. N.V.
1.63%
Glencore Plc
1.63%
Frequently asked questions about MPRO and FPAA
Which ETF is bigger: MPRO or FPAA?
As of October 15, 2026, MPRO holds $254.55 M in assets under management (AUM), while FPAA manages $27.87 M.
What sectors do the MPRO and FPAA ETFs invest in?
MPRO leans toward sectors like Sovereign, Finance and Healthcare. Meanwhile, FPAA focuses on Sovereign, Technology and Consumer Non-Cyclicals.
What are the top holdings of the MPRO ETF and FPAA ETF?
MPRO top holdings include Meta Platforms, Inc., Eli Lilly & Co. and BlackRock Cash Funds - Institutional. FPAA holds in its top three: USA, Notes 4.125% 30jun2031, USD (AA-2031), USA, Notes 4.125% 31may2031, USD (Z-2031) and USA, Notes 4.375% 31jul2031, USD (AB-2031).
Which ETF is more diversified: MPRO or FPAA?
MPRO holds 13680 securities with 14.19% of its assets in the top 15. FPAA has 11103 securities and a top 15 weight of 59.12%.
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