MRGR vs. MRSK
Compare and contrast key facts about Proshares Merger ETF (MRGR) and Agility Shares Managed Risk ETF (MRSK).
MRGR and MRSK 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. MRSK is an actively managed fund by Toews Corp.. It was launched on Jun 25, 2020.
Performance
MRGR vs. MRSK - Performance Comparison
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MRGR vs. MRSK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MRGR Proshares Merger ETF | 1.17% | 11.99% | 5.32% | 4.94% | -4.81% | 6.58% | 3.36% |
MRSK Agility Shares Managed Risk ETF | -4.57% | 11.93% | 14.62% | 13.29% | -11.86% | 20.74% | 16.42% |
Returns By Period
In the year-to-date period, MRGR achieves a 1.17% return, which is significantly higher than MRSK's -4.57% 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%
MRSK
- 1D
- -0.62%
- 1M
- -5.52%
- YTD
- -4.57%
- 6M
- -1.23%
- 1Y
- 11.20%
- 3Y*
- 9.34%
- 5Y*
- 6.95%
- 10Y*
- —
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MRGR vs. MRSK - Expense Ratio Comparison
MRGR has a 0.75% expense ratio, which is lower than MRSK's 0.99% expense ratio.
Return for Risk
MRGR vs. MRSK — Risk / Return Rank
MRGR
MRSK
MRGR vs. MRSK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Merger ETF (MRGR) and Agility Shares Managed Risk ETF (MRSK). 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 | MRSK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.58 | 0.93 | +1.65 |
Sortino ratioReturn per unit of downside risk | 4.23 | 1.37 | +2.86 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.18 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 6.59 | 1.46 | +5.13 |
Martin ratioReturn relative to average drawdown | 22.39 | 6.32 | +16.07 |
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 | MRSK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 0.93 | +1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.60 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.83 | -0.48 |
Correlation
The correlation between MRGR and MRSK is 0.27, 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. MRSK - Dividend Comparison
MRGR's dividend yield for the trailing twelve months is around 2.99%, more than MRSK's 0.39% 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% |
MRSK Agility Shares Managed Risk ETF | 0.39% | 0.37% | 0.44% | 0.60% | 1.11% | 14.20% | 4.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MRGR vs. MRSK - Drawdown Comparison
The maximum MRGR drawdown since its inception was -13.23%, smaller than the maximum MRSK drawdown of -14.70%. Use the drawdown chart below to compare losses from any high point for MRGR and MRSK.
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Drawdown Indicators
| MRGR | MRSK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.23% | -14.70% | +1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.66% | -7.82% | +6.16% |
Max Drawdown (5Y)Largest decline over 5 years | -8.40% | -14.70% | +6.30% |
Max Drawdown (10Y)Largest decline over 10 years | -13.23% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -6.66% | +6.37% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -3.64% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 1.81% | -1.32% |
Volatility
MRGR vs. MRSK - Volatility Comparison
The current volatility for Proshares Merger ETF (MRGR) is 1.45%, while Agility Shares Managed Risk ETF (MRSK) has a volatility of 4.68%. This indicates that MRGR experiences smaller price fluctuations and is considered to be less risky than MRSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRGR | MRSK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 4.68% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 8.85% | -5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 12.10% | -7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.81% | 11.64% | -7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.19% | 11.91% | -6.72% |