Proshares Merger ETF (MRGR) belongs to the Hedge Fund category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MRGR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MRGR
MRGR charges 0.75% annually. There are 11 ETFs in the Hedge Fund category with lower expense ratios, going as low as 0.36%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers MSCI EAFE Hedged Equity ETF | 0.36% | 8.81B | Jun 2011 | MRGR vs DBEF | |
| SPDR SSgA Multi-Asset Real Return ETF | 0.50% | 1.21B | Apr 2012 | MRGR vs RLY | |
| Simplify Interest Rate Hedge ETF | 0.50% | 231.13M | May 2021 | MRGR vs PFIX | |
| RPAR Risk Parity ETF | 0.51% | 607.77M | Dec 2019 | MRGR vs RPAR | |
| Global X Russell 2000 Covered Call ETF | 0.60% | 1.34B | Apr 2019 | MRGR vs RYLD |
Best Risk-Adjusted Alternatives to MRGR
MRGR has a PortfoliosLab risk / return rank of 90. There is 1 ETF in the Hedge Fund category with a higher risk-adjusted rank, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR SSgA Multi-Asset Real Return ETF | 92 | 1.21B | Apr 2012 | MRGR vs RLY | |
| WisdomTree Managed Futures Strategy Fund | 85 | 233.61M | Jan 2011 | MRGR vs WTMF | |
| First Trust Managed Futures Strategy Fund | 78 | 259.69M | Aug 2013 | MRGR vs FMF | |
| Gadsden Dynamic Multi-Asset ETF | 74 | 160.49M | Nov 2018 | MRGR vs GDMA | |
| AltShares Merger Arbitrage ETF | 69 | 90.93M | May 2020 | MRGR vs ARB |
Top Performing MRGR Alternatives (YTD)
MRGR is at 1.83% YTD. There are 15 ETFs in the Hedge Fund category with higher YTD returns, going as high as 17.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Global X NASDAQ 100 Tail Risk ETF | 17.64% | 7.81M | Aug 2021 | MRGR vs QTR | |
| First Trust Dorsey Wright Dynamic Focus 5 ETF | 17.30% | 110.36M | Mar 2016 | MRGR vs FVC | |
| SPDR SSgA Multi-Asset Real Return ETF | 17.13% | 1.21B | Apr 2012 | MRGR vs RLY | |
| Cambria Global Momentum ETF | 11.55% | 70.43M | Nov 2014 | MRGR vs GMOM | |
| Gadsden Dynamic Multi-Asset ETF | 11.18% | 160.49M | Nov 2018 | MRGR vs GDMA |
Lowest Volatility Alternatives to MRGR
MRGR has 4.11% 1-year volatility. There is 1 ETF in the Hedge Fund category with lower 1-year volatility, going as low as 2.89%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | 2.89% | 90.93M | May 2020 | MRGR vs ARB | |
| IQ Merger Arbitrage ETF | 4.74% | 253.18M | Nov 2009 | MRGR vs MNA | |
| WisdomTree Managed Futures Strategy Fund | 8.63% | 233.61M | Jan 2011 | MRGR vs WTMF | |
| First Trust Managed Futures Strategy Fund | 9.66% | 259.69M | Aug 2013 | MRGR vs FMF | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | 9.67% | 375.87M | Dec 2019 | MRGR vs QQQH |
Lowest Drawdown Alternatives to MRGR
MRGR has a 1-year max drawdown of -1.29%. There is 1 ETF in the Hedge Fund category with a shallower 1-year drawdown, going as shallow as -0.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | -0.69% | 90.93M | May 2020 | MRGR vs ARB | |
| IQ Merger Arbitrage ETF | -1.40% | 253.18M | Nov 2009 | MRGR vs MNA | |
| First Trust Managed Futures Strategy Fund | -3.42% | 259.69M | Aug 2013 | MRGR vs FMF | |
| SPDR SSgA Multi-Asset Real Return ETF | -3.71% | 1.21B | Apr 2012 | MRGR vs RLY | |
| WisdomTree Managed Futures Strategy Fund | -4.04% | 233.61M | Jan 2011 | MRGR vs WTMF |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 7 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 71 | 64.46% | 39.77B | Feb 2010 | MRGR vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -26.37% | 1.70B | Oct 2021 | MRGR vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 69 | 42.06% | 14.46B | Jun 2006 | MRGR vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 62 | 27.90% | 5.55B | Jun 2009 | MRGR vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 62 | 19.37% | 8.38B | Jun 2006 | MRGR vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | S&P 500, Dividend | 22 | 3.51% | 11.07B | Oct 2013 | MRGR vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 90 | 114.00% | 3.05B | Jan 2007 | MRGR vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities | 0 | -45.27% | 2.23B | Feb 2010 | MRGR vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -19.06% | 398.99M | Oct 2011 | MRGR vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -52.92% | 446.55M | Apr 2024 | MRGR vs BITU |
Often Compared With MRGR
Investors most often compare MRGR with SPY, HDG, EQWL. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare MRGR with Any Fund or Stock
Compare MRGR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MRGR with funds that move differently
Proshares Merger ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MRGR.
Explore MRGR Diversifiers