ProShares Merger Risk Adjusted Performance
| MRGR ETF | | | USD 45.04 0.17 0.38% |
Risk-Adjusted Performance (RAP) measures the return an equity would have generated if it carried the same total risk (standard deviation) as the market. Derived from the Sharpe Ratio, RAP is expressed in percentage terms, making direct comparison across assets with different volatility profiles straightforward. Below is ProShares Merger's current Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Risk Adjusted Performance Value
ProShares Merger carries a Risk Adjusted Performance of 0.0409, consistent with positive but modest risk-adjusted return. ProShares Merger has produced a positive return relative to risk, though the margin is limited.
RAP | = | (ER[a] - RFR) * STD[b])/STD[b]RFR |
| = | 0.0409 | |
Risk Adjusted Performance Peers Comparison
The peer group averages 0.07 for Risk Adjusted Performance, with ProShares Merger at 0.0409 falling below that level. Readings span -0.0625 (CoreValues Alpha Greater) to 0.1486 (GMO Beyond China). ProShares Merger's risk-adjusted return trails the peer average, indicating less efficient compensation for the risk incurred.
Risk Adjusted Performance Relative To Other Indicators
The chart below plots Risk Adjusted Performance against Maximum Drawdown for ProShares Merger and its peers. Each point represents one equity — position along the horizontal axis shows Risk Adjusted Performance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
ProShares Merger's Risk Adjusted Performance reads
0.04 while Maximum Drawdown reads
1.12 , a
27.36 ratio between the two. This indicates Maximum Drawdown substantially exceeds Risk Adjusted Performance for ProShares Merger.
Methodology, Assumptions & Data Sources
The current Risk Adjusted Performance for ProShares Merger is 0.0409. The Risk Adjusted Performance for ProShares Merger is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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