MRGR vs. SPY
Compare and contrast key facts about Proshares Merger ETF (MRGR) and SPDR S&P 500 ETF (SPY).
MRGR and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both MRGR and SPY 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 SPY.
Correlation
The correlation between MRGR and SPY 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. SPY - Performance Comparison
Key characteristics
MRGR:
2.44
SPY:
1.91
MRGR:
3.72
SPY:
2.57
MRGR:
1.51
SPY:
1.35
MRGR:
4.92
SPY:
2.88
MRGR:
13.41
SPY:
11.96
MRGR:
0.61%
SPY:
2.03%
MRGR:
3.34%
SPY:
12.68%
MRGR:
-13.21%
SPY:
-55.19%
MRGR:
-0.07%
SPY:
0.00%
Returns By Period
In the year-to-date period, MRGR achieves a 1.98% return, which is significantly lower than SPY's 4.34% return. Over the past 10 years, MRGR has underperformed SPY with an annualized return of 3.22%, while SPY has yielded a comparatively higher 13.21% annualized return.
MRGR
1.98%
0.67%
3.80%
7.42%
3.02%
3.22%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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MRGR vs. SPY - Expense Ratio Comparison
MRGR has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MRGR vs. SPY — Risk-Adjusted Performance Rank
MRGR
SPY
MRGR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Merger ETF (MRGR) and SPDR S&P 500 ETF (SPY). 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.
Dividends
MRGR vs. SPY - Dividend Comparison
MRGR's dividend yield for the trailing twelve months is around 3.14%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRGR Proshares Merger ETF | 3.14% | 3.20% | 2.12% | 0.61% | 0.59% | 0.00% | 0.78% | 1.39% | 0.36% | 0.74% | 0.34% | 0.67% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MRGR vs. SPY - Drawdown Comparison
The maximum MRGR drawdown since its inception was -13.21%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MRGR and SPY. For additional features, visit the drawdowns tool.
Volatility
MRGR vs. SPY - Volatility Comparison
The current volatility for Proshares Merger ETF (MRGR) is 0.55%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.13%. This indicates that MRGR experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.