MRGR vs. GMOM
Compare and contrast key facts about Proshares Merger ETF (MRGR) and Cambria Global Momentum ETF (GMOM).
MRGR and GMOM 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. GMOM is an actively managed fund by Cambria. It was launched on Nov 4, 2014.
Performance
MRGR vs. GMOM - Performance Comparison
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MRGR vs. GMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRGR Proshares Merger ETF | 1.17% | 11.99% | 5.32% | 4.94% | -4.81% | 6.58% | 1.99% | 4.31% | 3.42% | 2.08% |
GMOM Cambria Global Momentum ETF | 8.03% | 20.63% | 6.75% | 0.65% | -2.82% | 19.13% | 2.42% | 8.24% | -9.61% | 20.67% |
Returns By Period
In the year-to-date period, MRGR achieves a 1.17% return, which is significantly lower than GMOM's 8.03% return. Over the past 10 years, MRGR has underperformed GMOM with an annualized return of 3.33%, while GMOM has yielded a comparatively higher 7.31% annualized return.
MRGR
- 1D
- -0.29%
- 1M
- 0.22%
- YTD
- 1.17%
- 6M
- 6.51%
- 1Y
- 11.07%
- 3Y*
- 8.29%
- 5Y*
- 4.22%
- 10Y*
- 3.33%
GMOM
- 1D
- 1.13%
- 1M
- -4.66%
- YTD
- 8.03%
- 6M
- 12.16%
- 1Y
- 28.42%
- 3Y*
- 12.60%
- 5Y*
- 7.73%
- 10Y*
- 7.31%
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MRGR vs. GMOM - Expense Ratio Comparison
MRGR has a 0.75% expense ratio, which is lower than GMOM's 0.96% expense ratio.
Return for Risk
MRGR vs. GMOM — Risk / Return Rank
MRGR
GMOM
MRGR vs. GMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Merger ETF (MRGR) and Cambria Global Momentum ETF (GMOM). 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 | GMOM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.58 | 1.81 | +0.77 |
Sortino ratioReturn per unit of downside risk | 4.23 | 2.39 | +1.84 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.36 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 6.59 | 2.74 | +3.85 |
Martin ratioReturn relative to average drawdown | 22.39 | 11.60 | +10.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MRGR | GMOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 1.81 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.54 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.57 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.48 | -0.12 |
Correlation
The correlation between MRGR and GMOM is 0.18, 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. GMOM - Dividend Comparison
MRGR's dividend yield for the trailing twelve months is around 2.99%, more than GMOM's 1.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRGR Proshares Merger ETF | 2.99% | 3.12% | 3.21% | 2.11% | 0.61% | 0.59% | 0.00% | 0.78% | 1.39% | 0.36% | 0.74% | 0.34% |
GMOM Cambria Global Momentum ETF | 1.63% | 3.01% | 2.16% | 3.63% | 2.52% | 3.42% | 1.24% | 2.60% | 1.90% | 2.05% | 1.77% | 1.88% |
Drawdowns
MRGR vs. GMOM - Drawdown Comparison
The maximum MRGR drawdown since its inception was -13.23%, smaller than the maximum GMOM drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for MRGR and GMOM.
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Drawdown Indicators
| MRGR | GMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.23% | -25.03% | +11.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.66% | -10.54% | +8.88% |
Max Drawdown (5Y)Largest decline over 5 years | -8.40% | -19.16% | +10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -13.23% | -25.03% | +11.80% |
Current DrawdownCurrent decline from peak | -0.29% | -5.18% | +4.89% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -7.89% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 2.49% | -2.00% |
Volatility
MRGR vs. GMOM - Volatility Comparison
The current volatility for Proshares Merger ETF (MRGR) is 1.45%, while Cambria Global Momentum ETF (GMOM) has a volatility of 5.95%. This indicates that MRGR experiences smaller price fluctuations and is considered to be less risky than GMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRGR | GMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 5.95% | -4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 11.87% | -8.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 15.80% | -11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.81% | 14.51% | -10.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.19% | 12.76% | -7.57% |