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ProShares Ultra Midcap 400 (MVV)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US74347R4048
CUSIP
74347R404
Issuer
ProShares
Inception Date
Jun 21, 2006
Region
North America (U.S.)
Leveraged
2x
Index Tracked
S&P MidCap 400 Index (200%)
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Small-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ProShares Ultra Midcap 400, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

ProShares Ultra Midcap 400 (MVV) has returned 2.97% so far this year and 23.77% over the past 12 months. Over the last ten years, MVV has had an annualized return of 12.11%, just under the S&P 500 Index benchmark’s 12.16%.


ProShares Ultra Midcap 400

1D
5.86%
1M
-11.15%
YTD
2.97%
6M
4.17%
1Y
23.77%
3Y*
13.53%
5Y*
3.56%
10Y*
12.11%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 21, 2006, MVV's average daily return is +0.08%, while the average monthly return is +1.42%. At this rate, your investment would double in approximately 4.1 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +30.3%, while the worst month was Mar 2020 at -42.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, MVV closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +25.4%, while the worst single day was Mar 16, 2020 at -29.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20267.53%7.78%-11.15%2.97%
20256.94%-8.86%-11.67%-7.24%10.21%6.68%2.42%6.01%0.34%-1.63%3.37%-0.50%3.48%
2024-3.94%11.10%10.63%-12.33%8.17%-3.99%11.28%-1.41%1.50%-1.74%17.33%-14.68%17.75%
202318.27%-4.02%-7.46%-2.32%-6.91%17.92%7.81%-6.49%-11.03%-11.25%16.71%17.09%22.51%
2022-14.51%1.82%1.96%-14.25%0.45%-19.31%22.40%-6.76%-18.61%21.09%10.84%-11.51%-31.96%
20212.31%13.57%9.10%8.81%0.11%-2.39%0.17%3.87%-8.10%11.83%-6.32%10.04%48.57%

Benchmark Metrics

ProShares Ultra Midcap 400 has an annualized alpha of -1.72%, beta of 2.12, and R² of 0.86 versus S&P 500 Index. Calculated based on daily prices since June 22, 2006.

  • This ETF captured 240.03% of S&P 500 Index gains and 177.78% of its losses — amplifying both gains and losses, but participating more in upside than downside.
  • Beta of 2.12 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.

Alpha
-1.72%
Beta
2.12
0.86
Upside Capture
240.03%
Downside Capture
177.78%

Expense Ratio

MVV has a high expense ratio of 0.95%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

MVV ranks 34 for risk / return — below 34% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


MVV Risk / Return Rank: 3434
Overall Rank
MVV Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
MVV Sortino Ratio Rank: 3535
Sortino Ratio Rank
MVV Omega Ratio Rank: 3434
Omega Ratio Rank
MVV Calmar Ratio Rank: 3434
Calmar Ratio Rank
MVV Martin Ratio Rank: 3737
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for ProShares Ultra Midcap 400 (MVV) and compare them to a chosen benchmark (S&P 500 Index).


MVVBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.55

0.90

-0.34

Sortino ratio

Return per unit of downside risk

1.07

1.39

-0.32

Omega ratio

Gain probability vs. loss probability

1.15

1.21

-0.06

Calmar ratio

Return relative to maximum drawdown

0.90

1.40

-0.50

Martin ratio

Return relative to average drawdown

3.50

6.61

-3.11

Explore MVV risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

ProShares Ultra Midcap 400 provided a 0.83% dividend yield over the last twelve months, with an annual payout of $0.59 per share.


0.20%0.40%0.60%0.80%1.00%$0.00$0.10$0.20$0.30$0.40$0.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.59$0.54$0.27$0.45$0.44$0.11$0.14$0.28$0.19$0.09$0.14$0.04

Dividend yield

0.83%0.77%0.39%0.77%0.93%0.16%0.29%0.62%0.62%0.21%0.43%0.17%

Monthly Dividends

The table displays the monthly dividend distributions for ProShares Ultra Midcap 400. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.11$0.11
2025$0.00$0.00$0.06$0.00$0.00$0.10$0.00$0.00$0.16$0.00$0.00$0.22$0.54
2024$0.00$0.00$0.03$0.00$0.00$0.09$0.00$0.00$0.04$0.00$0.00$0.10$0.27
2023$0.00$0.00$0.12$0.00$0.00$0.12$0.00$0.00$0.05$0.00$0.00$0.15$0.45
2022$0.00$0.00$0.02$0.00$0.00$0.07$0.00$0.00$0.13$0.00$0.00$0.22$0.44
2021$0.00$0.00$0.01$0.00$0.00$0.02$0.00$0.00$0.02$0.00$0.00$0.06$0.11

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the ProShares Ultra Midcap 400. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ProShares Ultra Midcap 400 was 85.54%, occurring on Mar 9, 2009. Recovery took 1043 trading sessions.

The current ProShares Ultra Midcap 400 drawdown is 12.85%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-85.54%Jun 5, 2007444Mar 9, 20091043Apr 30, 20131487
-69.19%Feb 21, 202022Mar 23, 2020186Dec 15, 2020208
-45.53%Nov 17, 2021219Sep 30, 2022528Nov 6, 2024747
-44.8%Nov 26, 202490Apr 8, 2025209Feb 6, 2026299
-42.33%Aug 30, 201880Dec 24, 2018267Jan 16, 2020347

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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