ProShares Merger ETF (MRGR) Performance
MRGR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.6% since Dec 31, 2025
- 1 year
- +5.1% total return
- 5 years
- +3.9% a year
- 10 years
- +3.7% a year
- Since first price
- +2.2% a year since 2012
MRGR trailing returns vs SPY, QQQ, AGG
| Period | MRGR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.9% | +0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.2% | −0.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.6% | +0.3% | +7.8% | +8.4% | −1.5% |
| YTD | +2.6% | +2.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +5.1% | +2.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +24.1%+7.5%/yr | +14.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +20.9%+3.9%/yr | +9.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +44.3%+3.7%/yr | +26.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionDec 13, 2012 | +34.6%+2.2%/yr | +13.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MRGR vs SPY
From Dec 13, 2012: MRGR grew to $13,456, SPY to $67,738.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MRGR returns by calendar year
9 of 13 full years positive. Best 2025 (+12.1%), worst 2022 (−4.8%). 2026 is year to date.
MRGR annual returns table
| Year | MRGR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +2.6% | −1.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.1% | −2.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.3% | −1.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.0% | −3.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −4.8% | −5.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +6.6% | −2.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +2.0% | −13.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +4.3% | −3.3% | +31.2% | +39.0% | +8.5% |
| 2018 | +3.4% | −4.2% | −4.6% | −0.1% | +0.1% |
| 2017 | +2.1% | −1.6% | +21.7% | +32.7% | +3.6% |
| 2016 | −1.3% | −4.2% | +12.0% | +7.1% | +2.4% |
| 2015 | +0.6% | −6.5% | +1.2% | +9.4% | +0.5% |
| 2014 | −2.9% | −4.8% | +13.5% | +19.2% | +6.0% |
| 2013 | −4.5% | −7.3% | +32.3% | +36.6% | −2.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MRGR largest drawdowns
Now 0.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 20, 2020 | −13.2% | Mar 18, 2020 | Nov 3, 2020 | 27 days | 8 months |
| Dec 31, 2012 | −10.0% | Apr 24, 2018 | Oct 24, 2019 | 5.3 years | 6.8 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MRGR risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +7.1% | +3.9% | +3.6% | +2.0% |
| Volatility (annualized) | 3.2% | 3.6% | 3.5% | 3.7% |
| Sharpe ratio | 0.82 | 0.09 | 0.38 | 0.12 |
| Sortino ratio | 1.62 | 0.13 | 0.57 | 0.17 |
| Best month | +3.3% | +3.3% | +3.3% | +3.3% |
| Worst month | −1.1% | −2.2% | −4.2% | −4.2% |
| Best 12 months | +12.8% | +12.8% | +12.8% | +12.8% |
| Worst 12 months | +5.3% | −5.7% | −5.7% | −5.7% |
| Positive months | 75% | 65% | 64% | 58% |
| Beta vs S&P 500 | 0.03 | 0.03 | 0.06 | — |
| Correlation with S&P 500 | 0.13 | 0.13 | 0.28 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MRGR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 155 | −5.7% | +1.8% | +12.8% | 68% |
| 3-year (a year) | 131 | −2.3% | +1.9% | +8.9% | 79% |
| 5-year (a year) | 107 | −1.3% | +2.4% | +4.9% | 92% |
| 10-year (a year) | 47 | +0.5% | +2.3% | +3.7% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
MRGR performance overview
ProShares Merger ETF (MRGR) returned +5.1% over the past year and +3.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +2.2% a year, turning $10,000 into about $13,456. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −13.2%, from Feb 20, 2020 to Mar 18, 2020, and it took 8 months to get back to the old high. MRGR finished 9 of its 13 full calendar years with a gain; the best year was 2025 (+12.1%) and the worst 2022 (−4.8%). Volatility has been 3.7% a year.
Related: MRGR chart, MRGR holdings, MRGR dividends. See the MRGR overview for the latest quote and fund facts.
MRGR performance FAQ
What is the MRGR return over the past year?
MRGR returned +5.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.3%.
What is the average annual return of MRGR?
MRGR has returned +3.9% a year over 5 years, +3.7% a year over 10 years, +2.2% a year since December 13, 2012 (total return, distributions reinvested).
How much would $10,000 invested in MRGR be worth?
$10,000 invested in MRGR at its first recorded close on December 13, 2012 would be worth about $13,456 on October 23, 2026 with distributions reinvested.
What was the worst year for MRGR?
The worst calendar year was 2022, with a total return of −4.8%. The best was 2025 at +12.1%.
What is the biggest drawdown of MRGR?
The largest peak-to-trough decline was −13.2% between February 20, 2020 and March 18, 2020. It recovered to the old high on November 3, 2020, 8 months after the bottom.
How volatile is MRGR?
Over the past 3 years MRGR had an annualized volatility of 3.2% and a Sharpe ratio of 0.82 (excess return over 1–3 month T-bills per unit of risk).