MRGR vs. EQWL
Compare and contrast key facts about Proshares Merger ETF (MRGR) and Invesco S&P 100 Equal Weight ETF (EQWL).
MRGR and EQWL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MRGR is a passively managed fund by ProShares that tracks the performance of the S&P Merger Arbitrage Index. It was launched on Dec 11, 2012. EQWL is a passively managed fund by Invesco that tracks the performance of the S&P 100 Equal Weighted. It was launched on Dec 1, 2006. Both MRGR and EQWL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRGR or EQWL.
Correlation
The correlation between MRGR and EQWL is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MRGR vs. EQWL - Performance Comparison
Key characteristics
MRGR:
1.95
EQWL:
1.75
MRGR:
2.95
EQWL:
2.43
MRGR:
1.39
EQWL:
1.32
MRGR:
3.96
EQWL:
3.01
MRGR:
10.61
EQWL:
9.42
MRGR:
0.62%
EQWL:
1.99%
MRGR:
3.42%
EQWL:
10.73%
MRGR:
-13.21%
EQWL:
-49.36%
MRGR:
0.00%
EQWL:
-4.98%
Returns By Period
In the year-to-date period, MRGR achieves a 1.07% return, which is significantly higher than EQWL's -0.38% return. Over the past 10 years, MRGR has underperformed EQWL with an annualized return of 3.27%, while EQWL has yielded a comparatively higher 12.58% annualized return.
MRGR
1.07%
1.62%
4.78%
6.40%
3.00%
3.27%
EQWL
-0.38%
-2.91%
4.72%
18.74%
12.47%
12.58%
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MRGR vs. EQWL - Expense Ratio Comparison
MRGR has a 0.75% expense ratio, which is higher than EQWL's 0.25% expense ratio.
Risk-Adjusted Performance
MRGR vs. EQWL — Risk-Adjusted Performance Rank
MRGR
EQWL
MRGR vs. EQWL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Merger ETF (MRGR) and Invesco S&P 100 Equal Weight ETF (EQWL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
MRGR vs. EQWL - Dividend Comparison
MRGR's dividend yield for the trailing twelve months is around 3.17%, more than EQWL's 1.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRGR Proshares Merger ETF | 3.17% | 3.20% | 2.12% | 0.61% | 0.59% | 0.00% | 0.78% | 1.39% | 0.36% | 0.74% | 0.34% | 0.67% |
EQWL Invesco S&P 100 Equal Weight ETF | 1.87% | 1.86% | 1.97% | 2.12% | 1.65% | 2.01% | 2.04% | 2.23% | 1.27% | 2.01% | 2.03% | 1.74% |
Drawdowns
MRGR vs. EQWL - Drawdown Comparison
The maximum MRGR drawdown since its inception was -13.21%, smaller than the maximum EQWL drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for MRGR and EQWL. For additional features, visit the drawdowns tool.
Volatility
MRGR vs. EQWL - Volatility Comparison
The current volatility for Proshares Merger ETF (MRGR) is 0.88%, while Invesco S&P 100 Equal Weight ETF (EQWL) has a volatility of 3.89%. This indicates that MRGR experiences smaller price fluctuations and is considered to be less risky than EQWL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.