# MRGR (ProShares Merger ETF)

ProShares · Alternatives ETFs · data as of Sep 18, 2026

In the S&P 500’s down weeks over the year to Sep 18, 2026, MRGR rose 0.19% a week on average.

## Key facts

- MRGR, correlation with the S&P 500: −0.02, as of Sep 18, 2026.
- MRGR, beta to the S&P 500: −0.01, as of Sep 18, 2026.
- MRGR, down-week capture: −15.6%, as of Sep 18, 2026.
- MRGR, against T-bills, 52 weeks: +4.7 pts, as of Sep 18, 2026.
- MRGR, net assets: $16m (issuer page, as of Sep 18, 2026).
- MRGR, expense ratio: 0.75% (485BPOS XBRL, Sep 23, 2025).

## MRGR over each window to Sep 18, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | −0.6% | +2.3% | −2.8 pts |
| 6 months | +0.7% | +18.0% | −17.4 pts |
| 1 year | +8.1% | +16.6% | −8.5 pts |
| 3 years | +22.7% | +78.4% | −55.7 pts |
| Since it listed | +33.0% | +579.5% | −546.5 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | ProShares | ETFIQ |
| Strategy | Event driven | ETFIQ, from its prospectus |
| Expense ratio | 0.75% | 485BPOS XBRL, Sep 23, 2025 |
| Net assets | $16m | issuer page, as of Sep 18, 2026 |
| Weeks measured | 52, from Sep 19, 2025 to Sep 18, 2026 | ETFIQ |
| Weeks the S&P 500 fell | 22 | ETFIQ |
| The S&P 500 in those weeks, on average | −1.24% | ETFIQ |
| MRGR in those weeks, on average | +0.19% | ETFIQ |
| MRGR total return over those weeks | +8.3% | ETFIQ |
| T-bills | +3.6% | ETFIQ |
| Listed since | Dec 13, 2012 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

### Does MRGR move with the S&P 500?

Over the year to Sep 18, 2026, MRGR’s weekly returns had a correlation of −0.02 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was −0.01, so for each 1% the index moved it moved about 0.01% the other way.

### What did MRGR do when stocks fell?

The S&P 500 fell in 22 of the 52 weeks to Sep 18, 2026, by 1.24% on average. In those weeks MRGR rose 0.19% on average, a down-week capture of −15.6%.

### Did MRGR earn more than cash?

Over the same 52 weeks MRGR returned +8.3% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. MRGR finished 4.7 percentage points ahead of it.

### What does MRGR cost?

The prospectus expense ratio is 0.75% a year.

### Why is MRGR listed as event driven?

ETFIQ files each fund by what its own prospectus says it does, and MRGR’s, filed Sep 26, 2024, describes an event driven fund.


## Cite this page

ETFIQ, MRGR, data as of Sep 18, 2026. https://etfiq.com/funds/mrgr
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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