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 9 ETFs in the Hedge Fund category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Interest Rate Hedge ETF | 0.50% | 167.19M | May 2021 | MRGR vs PFIX | |
| State Street Multi-Asset Real Return ETF | 0.50% | 1.18B | Apr 2012 | MRGR vs RLY | |
| RPAR Risk Parity ETF | 0.51% | 576.22M | Dec 2019 | MRGR vs RPAR | |
| Global X NASDAQ 100 Collar 95-110 ETF | 0.60% | 3.42M | Aug 2021 | MRGR vs QCLR | |
| Global X NASDAQ 100 Tail Risk ETF | 0.60% | 7.64M | Aug 2021 | MRGR vs QTR |
Best Risk-Adjusted Alternatives to MRGR
MRGR has a PortfoliosLab risk / return rank of 95. No ETFs in the Hedge Fund category have higher risk-adjusted ranks; the top alternatives shown here go as high as 83.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Managed Futures Strategy Fund | 83 | 237.72M | Jan 2011 | MRGR vs WTMF | |
| State Street Multi-Asset Real Return ETF | 81 | 1.18B | Apr 2012 | MRGR vs RLY | |
| First Trust Managed Futures Strategy Fund | 66 | 247.50M | Aug 2013 | MRGR vs FMF | |
| AltShares Merger Arbitrage ETF | 62 | 90.93M | May 2020 | MRGR vs ARB | |
| Syntax Stratified U.S. Total Market Hedged ETF | 60 | 23.16M | Jun 2021 | MRGR vs SHUS |
Top Performing MRGR Alternatives (YTD)
MRGR is at 2.67% YTD. There are 13 ETFs in the Hedge Fund category with higher YTD returns, going as high as 13.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Dorsey Wright Dynamic Focus 5 ETF | 13.25% | 109.45M | Mar 2016 | MRGR vs FVC | |
| State Street Multi-Asset Real Return ETF | 13.24% | 1.18B | Apr 2012 | MRGR vs RLY | |
| Global X NASDAQ 100 Tail Risk ETF | 12.74% | 7.64M | Aug 2021 | MRGR vs QTR | |
| Syntax Stratified U.S. Total Market Hedged ETF | 10.89% | 23.16M | Jun 2021 | MRGR vs SHUS | |
| Aptus Drawdown Managed Equity ETF | 8.67% | 243.07M | Jun 2016 | MRGR vs ADME |
Lowest Volatility Alternatives to MRGR
MRGR has 4.24% 1-year volatility. There is 1 ETF in the Hedge Fund category with lower 1-year volatility, going as low as 3.40%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | 3.40% | 90.93M | May 2020 | MRGR vs ARB | |
| IQ Merger Arbitrage ETF | 4.81% | 253.18M | Nov 2009 | MRGR vs MNA | |
| WisdomTree Managed Futures Strategy Fund | 9.10% | 237.72M | Jan 2011 | MRGR vs WTMF | |
| First Trust Managed Futures Strategy Fund | 9.83% | 247.50M | Aug 2013 | MRGR vs FMF | |
| Global X NASDAQ 100 Collar 95-110 ETF | 9.95% | 3.42M | Aug 2021 | MRGR vs QCLR |
Lowest Drawdown Alternatives to MRGR
MRGR has a 1-year max drawdown of -1.29%. No ETFs in the Hedge Fund category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -1.40%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| IQ Merger Arbitrage ETF | -1.40% | 253.18M | Nov 2009 | MRGR vs MNA | |
| AltShares Merger Arbitrage ETF | -1.54% | 90.93M | May 2020 | MRGR vs ARB | |
| WisdomTree Managed Futures Strategy Fund | -4.04% | 237.72M | Jan 2011 | MRGR vs WTMF | |
| First Trust Managed Futures Strategy Fund | -4.51% | 247.50M | Aug 2013 | MRGR vs FMF | |
| Syntax Stratified U.S. Total Market Hedged ETF | -6.95% | 23.16M | Jun 2021 | MRGR vs SHUS |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $37B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 48 | 38.33% | 37.04B | Feb 2010 | MRGR vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 50 | 28.12% | 14.15B | Jun 2006 | MRGR vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -30.09% | 1.45B | Oct 2021 | MRGR vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 52 | 23.85% | 5.47B | Jun 2009 | MRGR vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 17.32% | 8.13B | Jun 2006 | MRGR vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 70 | 70.32% | 2.97B | Jan 2007 | MRGR vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 10.60% | 11.63B | Oct 2013 | MRGR vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.27% | 2.09B | Feb 2010 | MRGR vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 54 | 13.67% | 410.75M | Mar 2024 | MRGR vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -32.31% | 216.19M | Oct 2011 | MRGR vs UVXY |
Often Compared With MRGR
Investors most often compare MRGR with HDG, EQWL, SPY. These 20 comparison targets span 18 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