Proshares Merger ETF (MRGR) Sharpe Ratio: 2.73

MRGR's Sharpe Ratio of 2.73 indicates that for each unit of volatility, it generates 2.73 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 26, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MRGR Sharpe Ratio Rank

Exceptional

MRGR ranks above 91.3% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Suitable as a core holding given strong risk-adjusted returns
Monitor rank changes to detect deteriorating return-to-volatility profile
Exceptional Sharpe ratio supports larger position sizes
Compare with category peers to assess whether strength is investment-specific or category-wide

MRGR Sharpe Ratio Market Positioning

The chart shows MRGR's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.86 or lower
Yellow zone (middle 50%): 0.86 to 2.12
Green zone (top 25%): 2.12 or higher
Top 1%: 6.91+
Median: 1.56 — half of all investments score higher

How it compares to other similar ETFs

The table compares Proshares Merger ETF's Sharpe Ratio with other ETFs in the Hedge Fund category across multiple time periods, showing how MRGR's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 26, 2026.

Symbol	Name	1Y Sharpe Ratio
MRGR	Proshares Merger ETF	2.73
RLY	SPDR SSgA Multi-Asset Real Return ETF	2.35
WTMF	WisdomTree Managed Futures Strategy Fund	2.16
GDMA	Gadsden Dynamic Multi-Asset ETF	1.94
FMF	First Trust Managed Futures Strategy Fund	1.81
SHUS	Syntax Stratified U.S. Total Market Hedged ETF	1.79
QTR	Global X NASDAQ 100 Tail Risk ETF	1.69
FVC	First Trust Dorsey Wright Dynamic Focus 5 ETF	1.62
ARB	AltShares Merger Arbitrage ETF	1.59
GMOM	Cambria Global Momentum ETF	1.52

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

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Historical Sharpe Ratio

The chart shows MRGR's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MRGR consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does MRGR fit in your portfolio?

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