MRGR vs. GDMA
Compare and contrast key facts about Proshares Merger ETF (MRGR) and Gadsden Dynamic Multi-Asset ETF (GDMA).
MRGR and GDMA 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. GDMA is an actively managed fund by Gadsden. It was launched on Nov 14, 2018.
Performance
MRGR vs. GDMA - Performance Comparison
Loading graphics...
MRGR vs. GDMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MRGR Proshares Merger ETF | 1.47% | 11.99% | 5.32% | 4.94% | -4.81% | 6.58% | 1.99% | 4.31% | 0.79% |
GDMA Gadsden Dynamic Multi-Asset ETF | 5.56% | 25.29% | 7.44% | 1.72% | -2.08% | 3.95% | 21.08% | 11.59% | -3.93% |
Returns By Period
In the year-to-date period, MRGR achieves a 1.47% return, which is significantly lower than GDMA's 5.56% return.
MRGR
- 1D
- 0.69%
- 1M
- 0.94%
- YTD
- 1.47%
- 6M
- 6.99%
- 1Y
- 11.25%
- 3Y*
- 8.39%
- 5Y*
- 4.28%
- 10Y*
- 3.36%
GDMA
- 1D
- -0.16%
- 1M
- -5.27%
- YTD
- 5.56%
- 6M
- 8.64%
- 1Y
- 30.39%
- 3Y*
- 14.82%
- 5Y*
- 7.72%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MRGR vs. GDMA - Expense Ratio Comparison
MRGR has a 0.75% expense ratio, which is lower than GDMA's 0.77% expense ratio.
Return for Risk
MRGR vs. GDMA — Risk / Return Rank
MRGR
GDMA
MRGR vs. GDMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Merger ETF (MRGR) and Gadsden Dynamic Multi-Asset ETF (GDMA). 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.
| MRGR | GDMA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.63 | 2.52 | +0.11 |
Sortino ratioReturn per unit of downside risk | 4.32 | 3.29 | +1.03 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.48 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 6.36 | 4.72 | +1.64 |
Martin ratioReturn relative to average drawdown | 22.50 | 14.01 | +8.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MRGR | GDMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.52 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.82 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.85 | -0.49 |
Correlation
The correlation between MRGR and GDMA is 0.14, 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.
Dividends
MRGR vs. GDMA - Dividend Comparison
MRGR's dividend yield for the trailing twelve months is around 2.98%, more than GDMA's 2.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRGR Proshares Merger ETF | 2.98% | 3.12% | 3.21% | 2.11% | 0.61% | 0.59% | 0.00% | 0.78% | 1.39% | 0.36% | 0.74% | 0.34% |
GDMA Gadsden Dynamic Multi-Asset ETF | 2.65% | 2.79% | 2.32% | 4.14% | 1.18% | 2.10% | 0.62% | 3.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MRGR vs. GDMA - Drawdown Comparison
The maximum MRGR drawdown since its inception was -13.23%, smaller than the maximum GDMA drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for MRGR and GDMA.
Loading graphics...
Drawdown Indicators
| MRGR | GDMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.23% | -16.66% | +3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -1.66% | -6.44% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -8.40% | -12.74% | +4.34% |
Max Drawdown (10Y)Largest decline over 10 years | -13.23% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.06% | +6.06% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -3.78% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 2.17% | -1.67% |
Volatility
MRGR vs. GDMA - Volatility Comparison
The current volatility for Proshares Merger ETF (MRGR) is 1.42%, while Gadsden Dynamic Multi-Asset ETF (GDMA) has a volatility of 4.01%. This indicates that MRGR experiences smaller price fluctuations and is considered to be less risky than GDMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MRGR | GDMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 4.01% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 9.88% | -6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 12.12% | -7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 9.44% | -5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.19% | 10.82% | -5.63% |