Proshares Merger ETF (MRGR)
MRGR is a passive ETF by ProShares tracking the investment results of the S&P Merger Arbitrage Index. MRGR launched on Dec 11, 2012 and has a 0.75% expense ratio.
ETF Info
US74348A5662
74348A566
Dec 11, 2012
Developed Markets (Broad)
1x
S&P Merger Arbitrage Index
Expense Ratio
MRGR features an expense ratio of 0.75%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Proshares Merger ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Proshares Merger ETF had a return of 1.07% year-to-date (YTD) and 6.40% in the last 12 months. Over the past 10 years, Proshares Merger ETF had an annualized return of 3.27%, while the S&P 500 had an annualized return of 11.24%, indicating that Proshares Merger ETF did not perform as well as the benchmark.
MRGR
1.07%
1.62%
4.78%
6.40%
3.00%
3.27%
^GSPC (Benchmark)
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
Monthly Returns
The table below presents the monthly returns of MRGR, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.37% | 0.35% | 0.73% | -0.94% | 0.13% | 0.41% | 1.61% | 1.73% | 0.79% | 1.12% | -0.76% | 0.43% | 5.32% |
| 2023 | -2.26% | 0.15% | 0.75% | 0.05% | -0.84% | 0.68% | 0.38% | 2.82% | 0.47% | 0.08% | 0.67% | 1.98% | 4.94% |
| 2022 | -1.32% | -0.61% | 0.50% | -0.56% | -0.38% | -0.51% | -0.70% | 0.57% | -0.65% | 0.51% | -2.18% | 0.45% | -4.81% |
| 2021 | 0.65% | 0.56% | 0.53% | 1.97% | 0.83% | -0.15% | -0.66% | 1.18% | -0.06% | 1.32% | -0.33% | 0.23% | 6.19% |
| 2020 | 0.73% | 0.08% | -4.21% | 3.10% | -1.10% | 0.07% | 1.53% | -0.31% | 0.30% | 1.02% | 0.09% | 1.21% | 2.36% |
| 2019 | 0.25% | 0.31% | 0.38% | 0.25% | -0.17% | 0.47% | 0.75% | -0.10% | -0.13% | 0.87% | -0.10% | 1.46% | 4.31% |
| 2018 | -0.44% | -1.19% | -0.84% | -0.37% | -0.07% | 1.19% | 2.32% | 0.09% | 0.83% | 0.17% | 1.54% | 0.19% | 3.43% |
| 2017 | 0.08% | -0.42% | -0.57% | 1.57% | -0.22% | 1.55% | -0.50% | 0.75% | -0.77% | -0.25% | 0.28% | 1.20% | 2.69% |
| 2016 | -0.80% | 2.30% | -0.03% | -1.19% | 0.38% | -0.61% | -0.55% | -0.11% | -0.14% | -0.23% | -0.49% | -0.42% | -1.91% |
| 2015 | 1.51% | 0.43% | 0.10% | -0.19% | 0.08% | -1.54% | 0.25% | 0.82% | -1.74% | 1.38% | -2.10% | 1.66% | 0.59% |
| 2014 | 0.00% | -2.23% | 1.44% | -0.11% | -0.51% | -0.16% | -1.19% | 1.26% | 0.00% | -1.62% | 0.08% | 0.14% | -2.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 86, MRGR is among the top 14% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Proshares Merger ETF (MRGR) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Proshares Merger ETF provided a 3.17% dividend yield over the last twelve months, with an annual payout of $1.31 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.31 | $1.31 | $0.85 | $0.24 | $0.25 | $0.00 | $0.30 | $0.51 | $0.13 | $0.27 | $0.12 | $0.24 |
Dividend yield | 3.17% | 3.20% | 2.12% | 0.61% | 0.59% | 0.00% | 0.78% | 1.39% | 0.36% | 0.74% | 0.34% | 0.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Proshares Merger ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $1.15 | $1.31 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.58 | $0.85 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.03 | $0.25 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.22 | $0.30 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.01 | $0.51 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.03 | $0.13 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.27 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.12 |
| 2014 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Proshares Merger ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Proshares Merger ETF was 13.21%, occurring on Mar 18, 2020. Recovery took 124 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.21% | Feb 26, 2020 | 15 | Mar 18, 2020 | 124 | Nov 3, 2020 | 139 |
| -10% | Jan 2, 2013 | 498 | Apr 24, 2018 | 279 | Nov 1, 2019 | 777 |
| -8.4% | Nov 10, 2021 | 334 | Mar 13, 2023 | 242 | Mar 1, 2024 | 576 |
| -2.31% | Feb 17, 2021 | 14 | Mar 8, 2021 | 18 | Apr 1, 2021 | 32 |
| -1.95% | Jun 8, 2021 | 41 | Aug 4, 2021 | 20 | Sep 1, 2021 | 61 |
Volatility
Volatility Chart
The current Proshares Merger ETF volatility is 0.88%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.