MRGR vs RULE

Comparison between PROSHARES MERGER ETF (MRGR, ETF) and ADAPTIVE CORE ETF (RULE, ETF).

5-Year PerformanceRULE has outperformed MRGR, delivering a return of +6.1% compared to +4.1%

MRGR vs RULE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MRGR(ETF)	RULE(ETF)
Net Assets	$16M	$16M
Expense Ratio	0.75%	1.84%
Max Drawdown	16.75%	30.49%
Sharpe Ratio	1.73	1.69
5Y Beta	0.08	0.94
P/E Ratio	47.01	N/A
Forward P/E	15.88	N/A
5Y Dividends CAGR	74.38%	N/A
Debt to Equity	-23.20%	N/A
P/S Ratio	1.83	N/A
P/B Ratio	2.75	N/A

Net Assets

MRGR

$16M

RULE

$16M

Expense Ratio

Winner

MRGR

0.75%

RULE

1.84%

Max Drawdown

Winner

MRGR

16.75%

RULE

30.49%

Sharpe Ratio

Winner

MRGR

1.73

RULE

1.69

5Y Beta

Winner

MRGR

0.08

RULE

0.94

P/E Ratio

MRGR

47.01

RULE

N/A

Forward P/E

MRGR

15.88

RULE

N/A

5Y Dividends CAGR

MRGR

74.38%

RULE

N/A

Debt to Equity

MRGR

-23.20%

RULE

N/A

P/S Ratio

MRGR

1.83

RULE

N/A

P/B Ratio

MRGR

2.75

RULE

N/A

MRGR vs RULE - Historical Returns

Returns include dividend reinvestment.

Period	MRGR	RULE
1 month	+0.39%	+6.49%
3 months	+2.06%	+34.24%
6 months	+1.41%	+41.84%
1 year	+11.30%	+46.54%
5 years(CAGR)	+4.10%	+6.05%
10 years(CAGR)	+3.51%	N/A
Max(CAGR)	+2.19%	+6.05%

MRGR

+0.39%

Winner

RULE

+6.49%

MRGR

+2.06%

Winner

RULE

+34.24%

MRGR

+1.41%

Winner

RULE

+41.84%

MRGR

+11.30%

Winner

RULE

+46.54%

5Y(CAGR)

MRGR

+4.10%

Winner

RULE

+6.05%

10Y(CAGR)

MRGR

+3.51%

RULE

N/A

Max(CAGR)

MRGR

+2.19%

Winner

RULE

+6.05%

MRGR vs RULE - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	MRGR	RULE
2026	+2.19%	+38.48%
2025	+11.75%	+4.30%
2024	+5.28%	+9.36%
2023	+5.09%	+6.29%
2022	-4.84%	-22.80%
2021	+6.35%	+1.03%
2020	+1.96%	N/A
2019	+4.66%	N/A
2018	+3.41%	N/A
2017	+2.08%	N/A
2016	-1.33%	N/A
2015	-0.48%	N/A
2014	-1.43%	N/A
2013	-4.37%	N/A
2012	+1.00%	N/A

MRGR vs RULE Drawdown Comparison

The maximum drawdown for MRGR was -13.23%, occurring on Mar 18, 2020. Recovery took 180 trading sessions.

The maximum drawdown for RULE was -30.48%, occurring on Oct 27, 2023. Recovery took 1057 trading sessions.

The current MRGR drawdown is -0.22%. The current RULE drawdown is -3.27%.

Rank	MRGR	RULE
#1	-13.23% Feb 19, 2020 - Nov 3, 2020	-30.48% Nov 8, 2021 - Jan 27, 2026
#2	-10.02% Dec 31, 2012 - Oct 24, 2019	-12.65% Feb 25, 2026 - Apr 14, 2026
#3	-8.39% Nov 9, 2021 - Mar 1, 2024	-9.46% Jun 3, 2026 - Jun 10, 2026
#4	-2.31% Feb 16, 2021 - Apr 1, 2021	-6.61% May 14, 2026 - May 26, 2026
#5	-2.10% Feb 28, 2025 - May 27, 2025	-5.26% Jan 29, 2026 - Feb 25, 2026
#6	-1.95% Jun 7, 2021 - Sep 1, 2021	-1.95% Apr 27, 2026 - Apr 30, 2026
#7	-1.69% Mar 5, 2024 - Jul 8, 2024	-1.55% May 6, 2026 - May 8, 2026
#8	-1.29% Jan 14, 2026 - Mar 31, 2026	-1.46% May 11, 2026 - May 13, 2026
#9	-1.13% Oct 31, 2024 - Jan 3, 2025	-1.21% Apr 17, 2026 - Apr 22, 2026
#10	-1.12% Jan 22, 2021 - Feb 2, 2021	-1.03% Apr 14, 2026 - Apr 17, 2026
#11	-1.01% Oct 21, 2025 - Nov 3, 2025	-0.35% Nov 4, 2021 - Nov 8, 2021
#12	-0.99% Dec 12, 2025 - Jan 13, 2026	-0.29% May 26, 2026 - May 29, 2026
#13	-0.97% Apr 23, 2026 - May 26, 2026	-0.16% Apr 22, 2026 - Apr 24, 2026
#14	-0.97% Nov 6, 2020 - Dec 3, 2020	-0.15% May 1, 2026 - May 5, 2026
#15	-0.93% Sep 2, 2025 - Sep 26, 2025	N/A

Correlation

Correlation between MRGR and RULE is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (2013 - 2026)

MRGR vs RULE dividend yield comparison.

Year	MRGR	RULE
2026	0.20%	0.00%
2025	3.12%	0.00%
2024	3.21%	0.00%
2023	2.11%	2.01%
2022	0.61%	0.01%
2021	0.59%	0.00%
2019	0.78%	0.00%
2018	1.39%	0.00%
2017	0.36%	0.00%
2016	0.74%	0.00%
2015	0.34%	0.00%
2014	0.67%	0.00%
2013	2.46%	0.00%