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
| ISIN | US74348A5662 |
|---|---|
| CUSIP | 74348A566 |
| Issuer | ProShares |
| Inception Date | Dec 11, 2012 |
| Region | Developed Markets (Broad) |
| Category | Hedge Fund |
| Index Tracked | S&P Merger Arbitrage Index |
| Home Page | www.proshares.com |
| Asset Class | Alternatives |
Expense Ratio
The Proshares Merger ETF has a high expense ratio of 0.75%, indicating higher-than-average management fees.
Share Price Chart
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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 0.47% year-to-date (YTD) and 6.46% in the last 12 months. Over the past 10 years, Proshares Merger ETF had an annualized return of 2.30%, while the S&P 500 had an annualized return of 10.50%, indicating that Proshares Merger ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.47% | 5.90% |
| 1 month | 0.27% | -1.28% |
| 6 months | 2.74% | 15.51% |
| 1 year | 6.46% | 21.68% |
| 5 years (annualized) | 2.70% | 11.74% |
| 10 years (annualized) | 2.30% | 10.50% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.37% | 0.35% | 0.73% | |||||||||
| 2023 | 0.47% | 0.08% | 0.67% | 1.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Proshares Merger ETF(MRGR)
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 granted a 2.20% dividend yield in the last twelve months. The annual payout for that period amounted to $0.89 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.89 | $0.85 | $0.24 | $0.25 | $0.00 | $0.30 | $0.51 | $0.13 | $0.27 | $0.12 | $0.24 | $0.93 |
Dividend yield | 2.20% | 2.11% | 0.61% | 0.59% | 0.00% | 0.78% | 1.39% | 0.36% | 0.74% | 0.34% | 0.67% | 2.46% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.09 | |||||||||
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.58 |
| 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 |
| 2021 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.03 |
| 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 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.22 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.00 |
| 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 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 |
| 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 |
| 2014 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 |
| 2013 | $0.01 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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.
The current Proshares Merger ETF drawdown is 0.40%.
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 0.68%, 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.