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 has an expense ratio of 0.75%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Proshares Merger ETF (MRGR) returned 2.55% year-to-date (YTD) and 8.27% over the past 12 months. Over the past 10 years, MRGR returned 2.36% annually, underperforming the S&P 500 benchmark at 10.85%.
MRGR
2.55%
0.66%
2.99%
8.27%
3.38%
3.57%
2.36%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.54% | 0.96% | -0.35% | -0.26% | 0.66% | 2.55% | |||||||
| 2024 | -0.37% | 0.35% | 0.71% | -0.94% | 0.15% | 0.40% | 1.62% | 1.71% | 0.80% | 1.12% | -0.76% | 0.42% | 5.30% |
| 2023 | -2.25% | -0.16% | 1.05% | 0.05% | -0.83% | 0.67% | 0.39% | 2.80% | 0.47% | 0.08% | 0.68% | 1.98% | 4.95% |
| 2022 | -1.33% | -0.61% | 0.49% | -0.56% | -0.37% | -0.50% | -0.72% | 0.58% | -0.65% | 0.53% | -2.20% | 0.45% | -4.82% |
| 2021 | 1.00% | 0.58% | 0.53% | 1.96% | 0.84% | -0.16% | -0.66% | 1.18% | -0.07% | 1.32% | -0.34% | 0.17% | 6.51% |
| 2020 | 0.63% | 0.18% | -4.20% | 2.92% | -1.08% | 0.11% | 1.46% | -0.13% | 0.29% | 1.02% | 0.10% | 0.83% | 1.99% |
| 2019 | 0.24% | 0.32% | 0.38% | 0.24% | -0.16% | 0.47% | 0.75% | -0.11% | -0.14% | 1.01% | 0.16% | 1.07% | 4.30% |
| 2018 | -0.44% | -1.19% | -0.84% | -0.37% | -0.06% | 1.09% | 2.42% | 0.08% | 0.84% | 0.17% | 1.54% | 0.20% | 3.44% |
| 2017 | -0.50% | -0.42% | -0.57% | 1.57% | 0.48% | 0.84% | -0.50% | 0.75% | -0.77% | -0.25% | 0.28% | 1.20% | 2.08% |
| 2016 | -0.80% | 2.30% | -0.03% | -1.19% | 0.38% | -0.61% | -0.55% | -0.11% | -0.14% | -0.22% | -0.50% | 0.17% | -1.33% |
| 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 97, MRGR is among the top 3% 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.
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Dividends
Dividend History
Proshares Merger ETF provided a 3.24% dividend yield over the last twelve months, with an annual payout of $1.36 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 | $1.36 | $1.31 | $0.85 | $0.24 | $0.25 | $0.00 | $0.30 | $0.51 | $0.13 | $0.27 | $0.12 | $0.24 |
Dividend yield | 3.24% | 3.20% | 2.11% | 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 | $0.13 | $0.00 | $0.00 | $0.13 | |||||||
| 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.
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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 13.23%, occurring on Mar 18, 2020. Recovery took 160 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.23% | Feb 21, 2020 | 19 | Mar 18, 2020 | 160 | Nov 3, 2020 | 179 |
| -10.04% | Jan 2, 2013 | 1337 | Apr 24, 2018 | 379 | Oct 24, 2019 | 1716 |
| -8.47% | Nov 10, 2021 | 335 | Mar 13, 2023 | 246 | Mar 5, 2024 | 581 |
| -2.31% | Feb 17, 2021 | 14 | Mar 8, 2021 | 18 | Apr 1, 2021 | 32 |
| -2.09% | Mar 3, 2025 | 26 | Apr 7, 2025 | 34 | May 27, 2025 | 60 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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