Proshares Merger ETF (MRGR) belongs to the Event Driven 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. No ETFs in the Event Driven category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.77%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| IQ Merger Arbitrage ETF | 0.77% | 251.39M | Nov 2009 | MRGR vs MNA | |
| AltShares Merger Arbitrage ETF | 0.87% | 90.93M | May 2020 | MRGR vs ARB | |
| Return Stacked Bonds & Merger Arbitrage ETF | 0.96% | — | Dec 2024 | MRGR vs RSBA | |
| AltShares Event-Driven ETF | 1.30% | 8.62M | Dec 2014 | MRGR vs EVNT |
Best Risk-Adjusted Alternatives to MRGR
MRGR has a PortfoliosLab risk / return rank of 95. No ETFs in the Event Driven category have higher risk-adjusted ranks; the top alternatives shown here go as high as 71.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Event-Driven ETF | 71 | 8.62M | Dec 2014 | MRGR vs EVNT | |
| AltShares Merger Arbitrage ETF | 52 | 90.93M | May 2020 | MRGR vs ARB | |
| IQ Merger Arbitrage ETF | 40 | 251.39M | Nov 2009 | MRGR vs MNA | |
| Return Stacked Bonds & Merger Arbitrage ETF | 22 | — | Dec 2024 | MRGR vs RSBA |
Top Performing MRGR Alternatives (YTD)
MRGR is at 2.68% YTD. There is 1 ETF in the Event Driven category with a higher YTD return, going as high as 6.02%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Event-Driven ETF | 6.02% | 8.62M | Dec 2014 | MRGR vs EVNT | |
| IQ Merger Arbitrage ETF | 2.05% | 251.39M | Nov 2009 | MRGR vs MNA | |
| AltShares Merger Arbitrage ETF | 1.85% | 90.93M | May 2020 | MRGR vs ARB | |
| Return Stacked Bonds & Merger Arbitrage ETF | -0.94% | — | Dec 2024 | MRGR vs RSBA |
Lowest Volatility Alternatives to MRGR
MRGR has 4.24% 1-year volatility. There is 1 ETF in the Event Driven category with lower 1-year volatility, going as low as 3.42%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | 3.42% | 90.93M | May 2020 | MRGR vs ARB | |
| Return Stacked Bonds & Merger Arbitrage ETF | 4.57% | — | Dec 2024 | MRGR vs RSBA | |
| IQ Merger Arbitrage ETF | 4.74% | 251.39M | Nov 2009 | MRGR vs MNA | |
| AltShares Event-Driven ETF | 7.57% | 8.62M | Dec 2014 | MRGR vs EVNT |
Lowest Drawdown Alternatives to MRGR
MRGR has a 1-year max drawdown of -1.29%. No ETFs in the Event Driven 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% | 251.39M | Nov 2009 | MRGR vs MNA | |
| AltShares Merger Arbitrage ETF | -1.54% | 90.93M | May 2020 | MRGR vs ARB | |
| Return Stacked Bonds & Merger Arbitrage ETF | -2.74% | — | Dec 2024 | MRGR vs RSBA | |
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | MRGR vs EVNT |
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 $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 36 | 23.06% | 32.83B | Feb 2010 | MRGR vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 39 | 18.94% | 12.76B | Jun 2006 | MRGR vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -29.42% | 1.41B | Oct 2021 | MRGR vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 50 | 21.72% | 5.15B | Jun 2009 | MRGR vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 16.14% | 7.81B | Jun 2006 | MRGR vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 47 | 10.84% | 11.68B | Oct 2013 | MRGR vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 52 | 50.25% | 2.47B | Jan 2007 | MRGR vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 2 | -34.61% | 2.00B | Feb 2010 | MRGR vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 44 | 10.08% | 394.37M | Mar 2024 | MRGR vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -35.24% | 244.68M | Oct 2011 | MRGR vs UVXY |
Often Compared With MRGR
Investors most often compare MRGR with HDG, EQWL, SPY. These 20 comparison targets span 17 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