Correlation
The correlation between MRGR and PRWAX 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.
MRGR vs. PRWAX
Compare and contrast key facts about Proshares Merger ETF (MRGR) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
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. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRGR or PRWAX.
Performance
MRGR vs. PRWAX - Performance Comparison
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Key characteristics
MRGR:
2.40
PRWAX:
0.63
MRGR:
3.76
PRWAX:
0.87
MRGR:
1.59
PRWAX:
1.12
MRGR:
4.24
PRWAX:
0.55
MRGR:
19.05
PRWAX:
2.02
MRGR:
0.47%
PRWAX:
5.17%
MRGR:
3.48%
PRWAX:
19.39%
MRGR:
-13.23%
PRWAX:
-55.06%
MRGR:
0.00%
PRWAX:
-3.78%
Returns By Period
In the year-to-date period, MRGR achieves a 2.54% return, which is significantly higher than PRWAX's 1.35% return. Over the past 10 years, MRGR has underperformed PRWAX with an annualized return of 2.36%, while PRWAX has yielded a comparatively higher 15.49% annualized return.
MRGR
2.54%
0.58%
2.97%
8.10%
3.38%
3.57%
2.36%
PRWAX
1.35%
3.34%
-1.80%
11.51%
15.69%
16.05%
15.49%
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MRGR vs. PRWAX - Expense Ratio Comparison
MRGR has a 0.75% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Risk-Adjusted Performance
MRGR vs. PRWAX — Risk-Adjusted Performance Rank
MRGR
PRWAX
MRGR vs. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Merger ETF (MRGR) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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. PRWAX - Dividend Comparison
MRGR's dividend yield for the trailing twelve months is around 3.25%, less than PRWAX's 9.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRGR Proshares Merger ETF | 3.25% | 3.21% | 2.11% | 0.61% | 0.59% | 0.00% | 0.78% | 1.39% | 0.36% | 0.74% | 0.34% | 0.67% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 9.10% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% | 14.73% |
Drawdowns
MRGR vs. PRWAX - Drawdown Comparison
The maximum MRGR drawdown since its inception was -13.23%, smaller than the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for MRGR and PRWAX.
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Volatility
MRGR vs. PRWAX - Volatility Comparison
The current volatility for Proshares Merger ETF (MRGR) is 0.30%, while T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a volatility of 4.16%. This indicates that MRGR experiences smaller price fluctuations and is considered to be less risky than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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