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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 Hedge Fund
Fund Owner
ProShares
Volume (1m avg. daily)
$38,206
AUM
$13,940,080
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)
43.96%
n/a
Derivatives offset
15.38%
SGEN
Seagen Inc
2.63%
NXGN
NextGen Healthcare Inc
2.57%
ORG
Origin Energy Limited
2.57%
RETA
Reata Pharmaceuticals Inc - Ordinary Shares - Class A
2.56%
AVTA
Avantax Inc
2.56%
HZNP
Horizon Therapeutics Plc
2.56%
TWNK
Hostess Brands Inc - Ordinary Shares - Class A
2.56%
NEWR
New Relic Inc
2.54%
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 LGRO, AUGW, GAUG

MRGR
ProShares Trust - ProShares Merger ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
CVRD
Madison ETFs Trust - Madison Covered Call ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July

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.

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FAQ

MRGR is a Global Hedge Fund 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 0.0194%. This is the percent change in the value of MRGR over the most recent 1-month period. The 3-month return on MRGR is 0.0409%. 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 0.0375%. 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 PFF, PGF, and PGX.

ETFs correlated to MRGR include LGRO, AUGW, and GAUG.

ETFs that are inversely correlated to MRGR include SH, SPXU, and SDS.

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.