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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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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%
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.53% | 7.78% | -11.15% | 2.97% | |||||||||
| 2025 | 6.94% | -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% |
| 2023 | 18.27% | -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% |
| 2021 | 2.31% | 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
- R²
- 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.
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).
| MVV | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 0.90 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.39 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.40 | -0.50 |
Martin ratioReturn relative to average drawdown | 3.50 | 6.61 | -3.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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, 2007 | 444 | Mar 9, 2009 | 1043 | Apr 30, 2013 | 1487 |
| -69.19% | Feb 21, 2020 | 22 | Mar 23, 2020 | 186 | Dec 15, 2020 | 208 |
| -45.53% | Nov 17, 2021 | 219 | Sep 30, 2022 | 528 | Nov 6, 2024 | 747 |
| -44.8% | Nov 26, 2024 | 90 | Apr 8, 2025 | 209 | Feb 6, 2026 | 299 |
| -42.33% | Aug 30, 2018 | 80 | Dec 24, 2018 | 267 | Jan 16, 2020 | 347 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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