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ETFs

ProShares Merger ETF

MRGR
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 11 2012
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$89,380
AUM
$15,287,320
Associated Index
S&P Merger Arbitrage Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
33.41%
n/a
Derivatives offset
12.32%
IAA
IAA Inc
2.72%
AIMC
Altra Industrial Motion Corp
2.70%
AAWW
Atlas Air Worldwide Holdings Inc.
2.69%
EVOP
EVO Payments Inc - Ordinary Shares - Class A
2.66%
SGFY
Signify Health Inc - Ordinary Shares - Class A
2.64%
OZL
OZ Minerals Limited
2.61%
AJRD
Aerojet Rocketdyne Holdings Inc
2.60%
OSH
Oak Street Health Inc
2.58%
Invest with MRGR

What is MRGR?

ProShares Merger ETF seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index. The S&P Merger Arbitrage Index provides exposure to a global merger arbitrage strategy, which seeks to capture the spread between the price at which the stock of a company (each such company, a "target") trades after a proposed acquisition of such target is announced and the value (cash plus stock) that the acquiring company (the "acquirer") has proposed to pay for the stock of the target (a "spread").

ETFs related toMRGR

ETFs correlated to MRGR include ARB, MNA, USMF

MRGR
ProShares Trust - ProShares Merger ETF
ARB
AltShares Trust - AltShares Merger Arbitrage ETF
MNA
IndexIQ ETF Trust - IQ Merger Arbitrage ETF
USMF
WisdomTree Trust - WisdomTree U.S. Multifactor Fund
PMAR
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - March
IPAY
ETF Managers Group LLC - ETFMG Prime Mobile Payments ETF
CGUS
Capital Group Companies Inc - Capital Group Core Equity ETF
FMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - March
XDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December
FCPI
Fidelity Covington Trust - Fidelity Stocks for Inflation ETF
FJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - January

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MRGR is a Global Equities ETF. ProShares Merger ETF seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index. The S&P Merger Arbitrage Index provides exposure to a global merger arbitrage strategy, which seeks to capture the spread between the price at which the stock of a company (each such company, a "target") trades after a proposed acquisition of such target is announced and the value (cash plus stock) that the acquiring company (the "acquirer") has proposed to pay for the stock of the target (a "spread").

MRGR tracks the S&P Merger Arbitrage Index.

No, MRGR is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MRGR is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MRGR is -0.0055%. This is the percent change in the value of MRGR over the most recent 1-month period. The 3-month return on MRGR is -0.0251%. This is the percent change in the value of MRGR over the most recent 3-month period.

The standard deviation of MRGR for the past year is 0.0458%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MRGR include AMJ, PFF, and AMLP.

ETFs correlated to MRGR include ARB, MNA, and USMF.

ETFs that are inversely correlated to MRGR include SEF, SKF, and SH.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.