ProShares - Merger ETF
$45.44−0.05 (−0.12%)
- 0.75%
- $16M
- +7.1%
- 2.68%
- 0M sh
- $45.49
- low $43.97high $46.22
The ETF.net MRGR Grade
B
Score 57 out of 100
- 3 of 5
Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B65 out of 100Rank 1 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B67 out of 100Rank 1 of 4Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D28 out of 100Rank 5 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B66 out of 100Rank 2 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 2 of 5
Our read on MRGR
BMerger arbitrage in an ETF wrapper: MRGR tracks a rules-based index of announced global deals instead of leaning on one manager's deal picks, and it has been running that playbook since 2012.
MRGR seeks to track the S&P Merger Arbitrage Index before fees and expenses. The fund is designed to provide exposure to a global merger-arbitrage strategy.
Why people hold it
- Rules-based, not discretionary: it tracks the S&P Merger Arbitrage Index, so the roughly 40-deal basket follows published index rules rather than a manager's hunches.proshares.com
- Live since 2012, making it one of the longer-running merger-arb ETFs, with a record spanning more than one deal cycle.
- At 0.75% it sits at the cheaper end of a pricey niche, under First Trust's NTRL (0.95%) and AltShares' EVNT (1.33%). Distributions are quarterly.
Worth knowing
- One of the smaller, thinner-traded funds in the category, so spreads and fill quality are worth a look at the moment of the trade.
- 0.75% is mid-pack for merger arb (MNA charges the same) but many times the cost of a plain broad-market index fund.
- The core risk is announced takeovers falling apart, and an index-tracking basket adjusts on the index's rules rather than a manager's judgment call.
MRGR Holdings
- Stocks
- 42
- 30%
- Net Other Assets (Liabilities)
Sectors
- Health Care23.4%
- Consumer Discretionary15.8%
- Industrials13.7%
- Financials13.5%
- Communication8.2%
- Real Estate8.2%
- Energy5.9%
- Technology5.7%
- Consumer Staples5.7%
Geography
- United States93.91%
- United Kingdom3.08%
- Canada3.01%
MRGR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
MRGR$10,710
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MRGR |
|---|---|
| Year to date | +2.7% |
| 1 month | −0.1% |
| 3 months | −0.1% |
| 1 year | +7.1% |
| 3 years | +7.4% |
| 5 years | +4.0% |
| 10 years | +3.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MRGR |
|---|---|---|
| 2026 YTD | +2.7% | |
| 2025 | +12.0% | |
| 2024 | +5.3% | |
| 2023 | +5.0% | |
| 2022 | −4.8% | |
| 2021 | +6.6% | |
| 2020 | +2.0% |
MRGR in the news
MRGR Dividends
- 2.68%
- $1.22
- $0.04 per share
- Quarterly
Distribution history
MRGR Risk
- 3.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.77
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −8.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MRGR Cost
0.75%
Other funds in Merger Arbitrage
- BARBAltShares Merger Arbitrage ETFExpense ratio 0.76%1 year return +4.3%
- BMNANYLI Merger Arbitrage ETFExpense ratio 0.75%1 year return +3.1%
- CNTRLFirst Trust Merger Arbitrage ETFExpense ratio 0.95%1 year return +8.8%