QQQH vs. MRGR
Compare and contrast key facts about NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and Proshares Merger ETF (MRGR).
QQQH and MRGR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQH is managed by Neos. It was launched on Dec 19, 2019. 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.
Performance
QQQH vs. MRGR - Performance Comparison
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QQQH vs. MRGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | -2.89% | 14.17% | 25.98% | 30.96% | -28.35% | 9.76% | 18.62% | 0.31% |
MRGR Proshares Merger ETF | 1.17% | 11.99% | 5.32% | 4.94% | -4.81% | 6.58% | 1.99% | 0.33% |
Returns By Period
In the year-to-date period, QQQH achieves a -2.89% return, which is significantly lower than MRGR's 1.17% return.
QQQH
- 1D
- 0.61%
- 1M
- -2.69%
- YTD
- -2.89%
- 6M
- -1.20%
- 1Y
- 15.34%
- 3Y*
- 19.08%
- 5Y*
- 7.57%
- 10Y*
- —
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%
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QQQH vs. MRGR - Expense Ratio Comparison
QQQH has a 0.68% expense ratio, which is lower than MRGR's 0.75% expense ratio.
Return for Risk
QQQH vs. MRGR — Risk / Return Rank
QQQH
MRGR
QQQH vs. MRGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and Proshares Merger ETF (MRGR). 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.
| QQQH | MRGR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 2.58 | -1.53 |
Sortino ratioReturn per unit of downside risk | 1.61 | 4.23 | -2.62 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.57 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 6.59 | -4.81 |
Martin ratioReturn relative to average drawdown | 8.30 | 22.39 | -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
| QQQH | MRGR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 2.58 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 1.11 | -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 | 0.66 | 0.35 | +0.31 |
Correlation
The correlation between QQQH and MRGR 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
QQQH vs. MRGR - Dividend Comparison
QQQH's dividend yield for the trailing twelve months is around 9.43%, more than MRGR's 2.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
QQQH vs. MRGR - Drawdown Comparison
The maximum QQQH drawdown since its inception was -31.24%, which is greater than MRGR's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for QQQH and MRGR.
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Drawdown Indicators
| QQQH | MRGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.24% | -13.23% | -18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -1.66% | -7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -31.24% | -8.40% | -22.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.23% | — |
Current DrawdownCurrent decline from peak | -4.37% | -0.29% | -4.08% |
Average DrawdownAverage peak-to-trough decline | -8.48% | -3.91% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 0.49% | +1.41% |
Volatility
QQQH vs. MRGR - Volatility Comparison
NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) has a higher volatility of 4.49% compared to Proshares Merger ETF (MRGR) at 1.45%. This indicates that QQQH's price experiences larger fluctuations and is considered to be riskier than MRGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQH | MRGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 1.45% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 3.39% | +4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.74% | 4.32% | +10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 3.81% | +9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 5.19% | +8.32% |