MRGR vs. HDG
Compare and contrast key facts about Proshares Merger ETF (MRGR) and ProShares Hedge Replication (HDG).
MRGR and HDG 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. HDG is a passively managed fund by ProShares that tracks the performance of the Merrill Lynch Factor Model - Exchange Series. It was launched on Jul 12, 2011. Both MRGR and HDG 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 HDG.
Correlation
The correlation between MRGR and HDG 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. HDG - Performance Comparison
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Key characteristics
MRGR:
2.17
HDG:
0.43
MRGR:
3.26
HDG:
0.74
MRGR:
1.48
HDG:
1.10
MRGR:
3.76
HDG:
0.47
MRGR:
16.56
HDG:
1.89
MRGR:
0.48%
HDG:
1.79%
MRGR:
3.56%
HDG:
6.86%
MRGR:
-13.23%
HDG:
-15.31%
MRGR:
-0.40%
HDG:
-1.64%
Returns By Period
In the year-to-date period, MRGR achieves a 2.10% return, which is significantly higher than HDG's 0.40% return. Both investments have delivered pretty close results over the past 10 years, with MRGR having a 2.28% annualized return and HDG not far ahead at 2.30%.
MRGR
2.10%
0.60%
2.46%
7.60%
3.21%
2.28%
HDG
0.40%
4.00%
-0.19%
2.91%
4.02%
2.30%
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MRGR vs. HDG - Expense Ratio Comparison
MRGR has a 0.75% expense ratio, which is lower than HDG's 0.95% expense ratio.
Risk-Adjusted Performance
MRGR vs. HDG — Risk-Adjusted Performance Rank
MRGR
HDG
MRGR vs. HDG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Merger ETF (MRGR) and ProShares Hedge Replication (HDG). 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.
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Dividends
MRGR vs. HDG - Dividend Comparison
MRGR's dividend yield for the trailing twelve months is around 3.26%, less than HDG's 3.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRGR Proshares Merger ETF | 3.26% | 3.21% | 2.11% | 0.61% | 0.59% | 0.00% | 0.78% | 1.39% | 0.36% | 0.74% | 0.34% | 0.67% |
HDG ProShares Hedge Replication | 3.38% | 3.50% | 3.48% | 0.39% | 0.00% | 0.08% | 1.09% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MRGR vs. HDG - Drawdown Comparison
The maximum MRGR drawdown since its inception was -13.23%, smaller than the maximum HDG drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for MRGR and HDG. For additional features, visit the drawdowns tool.
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Volatility
MRGR vs. HDG - Volatility Comparison
The current volatility for Proshares Merger ETF (MRGR) is 0.56%, while ProShares Hedge Replication (HDG) has a volatility of 2.21%. This indicates that MRGR experiences smaller price fluctuations and is considered to be less risky than HDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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