MRGR vs SPAQ
ProShares Merger ETF against Horizon Kinetics SPAC Active ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
0%
0 shared positions
Fee gap
10 bp
MRGR is cheaper
1-year return gap
15.8 pts
MRGR is ahead
Larger fund
MRGR
$16M
Side by side
| MRGR | SPAQ | |
|---|---|---|
| Fund | ProShares Merger ETF | Horizon Kinetics SPAC Active ETF |
| Issuer | ProShares | Horizon Kinetics |
| Category | Merger Arbitrage & Event | Merger Arbitrage & Event |
| Expense ratio | 0.75% | 0.85% |
| Assets | $16M | $10.0M |
| Average daily dollar volume | $72K | $17K |
| Listed | Dec 11, 2012 | Jan 27, 2023 |
| FrenzyCap score | 34 | 32 |
| 1-month return | −0.4% | −0.9% |
| 3-month return | −0.3% | −0.3% |
| Year to date | +2.0% | +2.5% |
| 1-year return | +4.5% | −11.3% |
| 30-day volatility | 5.0% | 2.2% |
| Worst drawdown, 1 year | −3.0% | −17.1% |
| Trailing 12-month yield | 2.69% | 16.29% |
| Holdings | 49 | 60 |
| Top 10 weight | 30.0% | 42.4% |
| Look-through P/E | 84.3 | — |
| Holdings vs fair value | +4.6% | — |
| Holdings above 200-day average | 85% | — |
| Net flow, latest 3 reported months | $0 thru May 2026 | $0 thru Jun 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 9, 2026issuer data | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
0% of MRGR · 0% of SPAQNo holdings in common.
Sector mix of the stock holdings
| Sector | MRGR | SPAQ | Gap |
|---|---|---|---|
| Health Care | 10.0% | 0.0% | +10.0% |
| Industrials | 8.4% | 0.0% | +8.4% |
| Technology | 5.7% | 0.0% | +5.7% |
| Communication Services | 4.1% | 0.0% | +4.1% |
| Financials | 4.0% | 0.0% | +4.0% |
| Consumer Discretionary | 3.8% | 0.0% | +3.8% |
| Consumer Staples | 2.9% | 0.0% | +2.9% |
| Real Estate | 2.8% | 0.0% | +2.8% |
More: full overlap table · MRGR holdings · SPAQ holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.