ARB vs MRGR
AltShares Merger Arbitrage ETF compared with ProShares Merger ETF on yield, payout growth, payment schedule, cost and risk.
ARB
AltShares Merger Arbitrage ETF
TTM yield · Irregular
MRGR
ProShares Merger ETF
TTM yield · Quarterly
Quick take
- MRGR yields more today: 0.77% vs 0.42% (forward).
- MRGR has grown its payout faster: -3.0%/yr vs -59.2%/yr over the last 1 year.
- Over the last year MRGR delivered the higher total return: +9.0% vs +3.4% (price change plus payouts).
- MRGR is cheaper to own: 0.75% vs 0.76% expense ratio.
- ARB has the steadier distribution: consistency 35/100 vs 0/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | ARB | MRGR |
|---|---|---|
| Share price | $29.80 | $45.48 |
| TTM yield | 0.42% | 3.06% |
| Forward yield | — | 0.77% |
| Annual payout per share | $0.126 | $0.348 |
| Payment frequency | Irregular | Quarterly |
| Next ex-date | — | Sep 23, 2026 (est.) |
| Expense ratio | 0.76% | 0.75% |
| 1-year payout growth | -59.2% | -3.0% |
| 5-year payout CAGR | — | +67.4% |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 35/100 | 0/100 |
| 1-year total return | +3.4% | +9.0% |
| 1-year price return | +3.0% | +5.8% |
| Size (market cap / AUM) | 102.5M | 15.9M |
| Years paying | 5.7 | 13.5 |
| Sector / category | Event Driven | Event Driven |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| ARB | MRGR | |
|---|---|---|
| Shares | 335.5 | 219.9 |
| Income per year | $42 | $77 |
| Income per month (avg) | $4 | $6 |
At forward yields, before taxes. Model ARB · Model MRGR
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| ARB: no schedule to project | |||
| MRGR Sep 23, 2026 | Oct 7, 2026 | $0.087 | Est. |
| MRGR Dec 23, 2026 | Jan 6, 2027 | $0.087 | Est. |
| MRGR Mar 24, 2027 | Apr 7, 2027 | $0.087 | Est. |
Annual payouts per share
ARBMRGR
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, ARB or MRGR?
MRGR currently has the higher trailing yield: ARB yields 0.42% and MRGR yields 3.06%. Yield changes daily with price, so check the live figures above.
Which has grown its dividend faster, ARB or MRGR?
MRGR has grown its payout faster: -3.0%/yr vs -59.2%/yr over the last 1 year.
Is ARB or MRGR better for income?
It depends on what you are optimising for. ARB and MRGR differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.