MRGR vs. QQQH
Compare and contrast key facts about Proshares Merger ETF (MRGR) and NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH).
MRGR and QQQH 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. QQQH is managed by Neos. It was launched on Dec 19, 2019.
Performance
MRGR vs. QQQH - Performance Comparison
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MRGR vs. QQQH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MRGR Proshares Merger ETF | 1.17% | 11.99% | 5.32% | 4.94% | -4.81% | 6.58% | 1.99% | 0.33% |
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | -2.89% | 14.17% | 25.98% | 30.96% | -28.35% | 9.76% | 18.62% | 0.31% |
Returns By Period
In the year-to-date period, MRGR achieves a 1.17% return, which is significantly higher than QQQH's -2.89% 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%
QQQH
- 1D
- 0.61%
- 1M
- -2.69%
- YTD
- -2.89%
- 6M
- -1.20%
- 1Y
- 15.34%
- 3Y*
- 19.08%
- 5Y*
- 7.57%
- 10Y*
- —
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MRGR vs. QQQH - Expense Ratio Comparison
MRGR has a 0.75% expense ratio, which is higher than QQQH's 0.68% expense ratio.
Return for Risk
MRGR vs. QQQH — Risk / Return Rank
MRGR
QQQH
MRGR vs. QQQH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Merger ETF (MRGR) and NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH). 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 | QQQH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.58 | 1.05 | +1.53 |
Sortino ratioReturn per unit of downside risk | 4.23 | 1.61 | +2.62 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.24 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 6.59 | 1.78 | +4.81 |
Martin ratioReturn relative to average drawdown | 22.39 | 8.30 | +14.09 |
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 | QQQH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 1.05 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.57 | +0.55 |
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 | 0.66 | -0.31 |
Correlation
The correlation between MRGR and QQQH is 0.23, 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. QQQH - Dividend Comparison
MRGR's dividend yield for the trailing twelve months is around 2.99%, less than QQQH's 9.43% 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% |
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 9.43% | 8.86% | 7.53% | 7.18% | 9.05% | 7.77% | 7.48% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MRGR vs. QQQH - Drawdown Comparison
The maximum MRGR drawdown since its inception was -13.23%, smaller than the maximum QQQH drawdown of -31.24%. Use the drawdown chart below to compare losses from any high point for MRGR and QQQH.
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Drawdown Indicators
| MRGR | QQQH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.23% | -31.24% | +18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.66% | -8.87% | +7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -8.40% | -31.24% | +22.84% |
Max Drawdown (10Y)Largest decline over 10 years | -13.23% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -4.37% | +4.08% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -8.48% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 1.90% | -1.41% |
Volatility
MRGR vs. QQQH - Volatility Comparison
The current volatility for Proshares Merger ETF (MRGR) is 1.45%, while NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) has a volatility of 4.49%. This indicates that MRGR experiences smaller price fluctuations and is considered to be less risky than QQQH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRGR | QQQH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 4.49% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 8.37% | -4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 14.74% | -10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.81% | 13.40% | -9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.19% | 13.51% | -8.32% |