Proshares Merger ETF (MRGR)

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Proshares Merger ETF (MRGR) is up 2.1% since the beginning of the year. MRGR is currently trading at $45 per share. Investors who bought $1,000 worth of MRGR shares 5 years ago would now be looking at an investment worth $1,224.

Proshares Merger ETF (MRGR) has returned 2.12% so far this year and 10.79% over the past 12 months. Over the last ten years, MRGR has returned 3.51% per year, falling short of the S&P 500 Index benchmark, which averaged 13.54% annually.

Based on dividend-adjusted daily data since Dec 13, 2012, MRGR's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 59% of months were positive and 41% were negative. The best month was Oct 2025 with a return of +3.3%, while the worst month was Mar 2020 at -4.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MRGR closed higher 38% of trading days. The best single day was Jan 9, 2015 with a return of +4.9%, while the worst single day was Mar 16, 2020 at -5.1%.

Proshares Merger ETF has an annualized alpha of 1.08%, beta of 0.09, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since December 13, 2012.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (7.39%) than losses (1.60%) - typical of diversified or defensive assets.
• Beta of 0.09 may look defensive, but with R2 of 0.07 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.07 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MRGR has an expense ratio of 0.75%, placing it in the medium range.

MRGR ranks 90 for risk / return — in the top 90% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Proshares Merger ETF provided a 2.96% dividend yield over the last twelve months, with an annual payout of $1.34 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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.

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.

The current Proshares Merger ETF drawdown is 0.30%.

The chart below shows the rolling one-month volatility.