Correlation
The correlation between MRGR and SHLD 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.
MRGR vs. SHLD
Compare and contrast key facts about Proshares Merger ETF (MRGR) and Global X Defense Tech ETF (SHLD).
MRGR and SHLD 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. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. Both MRGR and SHLD 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 SHLD.
Performance
MRGR vs. SHLD - Performance Comparison
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Key characteristics
MRGR:
2.40
SHLD:
3.26
MRGR:
3.76
SHLD:
4.10
MRGR:
1.59
SHLD:
1.61
MRGR:
4.24
SHLD:
6.40
MRGR:
19.05
SHLD:
18.73
MRGR:
0.47%
SHLD:
3.73%
MRGR:
3.48%
SHLD:
22.01%
MRGR:
-13.23%
SHLD:
-10.92%
MRGR:
0.00%
SHLD:
0.00%
Returns By Period
In the year-to-date period, MRGR achieves a 2.54% return, which is significantly lower than SHLD's 52.47% return.
MRGR
2.54%
0.60%
2.97%
8.10%
3.38%
3.57%
2.36%
SHLD
52.47%
9.86%
45.60%
68.24%
N/A
N/A
N/A
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MRGR vs. SHLD - Expense Ratio Comparison
MRGR has a 0.75% expense ratio, which is higher than SHLD's 0.50% expense ratio.
Risk-Adjusted Performance
MRGR vs. SHLD — Risk-Adjusted Performance Rank
MRGR
SHLD
MRGR vs. SHLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Merger ETF (MRGR) and Global X Defense Tech ETF (SHLD). 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. SHLD - Dividend Comparison
MRGR's dividend yield for the trailing twelve months is around 3.25%, more than SHLD's 0.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRGR Proshares Merger ETF | 3.25% | 3.20% | 2.11% | 0.61% | 0.59% | 0.00% | 0.78% | 1.39% | 0.36% | 0.74% | 0.34% | 0.67% |
SHLD Global X Defense Tech ETF | 0.35% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MRGR vs. SHLD - Drawdown Comparison
The maximum MRGR drawdown since its inception was -13.23%, which is greater than SHLD's maximum drawdown of -10.92%. Use the drawdown chart below to compare losses from any high point for MRGR and SHLD.
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Volatility
MRGR vs. SHLD - Volatility Comparison
The current volatility for Proshares Merger ETF (MRGR) is 0.30%, while Global X Defense Tech ETF (SHLD) has a volatility of 6.35%. This indicates that MRGR experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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