- ISIN
- US74347R4048
- CUSIP
- 74347R404
- Issuer
- ProShares
- Inception Date
- Jun 21, 2006
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- 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
- Assets Under Management
- $163M
Share Price Chart
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Performance
MVV Performance Chart
ProShares Ultra Midcap 400 (MVV) is up 29.2% since the beginning of the year. MVV is currently trading at $90 per share. Investors who bought $1,000 worth of MVV shares 5 years ago would now be looking at an investment worth $1,467.
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Returns By Period
ProShares Ultra Midcap 400 (MVV) has returned 29.16% so far this year and 49.79% over the past 12 months. Looking at the last ten years, MVV has achieved an annualized return of 14.63%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
ProShares Ultra Midcap 400
- 1D
- 0.77%
- 1M
- 7.10%
- YTD
- 29.16%
- 6M
- 23.52%
- 1Y
- 49.79%
- 3Y*
- 23.02%
- 5Y*
- 7.97%
- 10Y*
- 14.63%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MVV Monthly Returns History
Based on dividend-adjusted daily data since Jun 21, 2006, MVV's average daily return is +0.08%, while the average monthly return is +1.51%. At this rate, an investment would double in approximately 3.9 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% | 15.32% | 4.51% | 4.07% | 29.16% | ||||||
| 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 -1.87%, beta of 2.12, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since June 21, 2006.
- This ETF captured 237.96% of S&P 500 Index gains and 177.18% 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
- -1.87%
- Beta
- 2.12
- R²
- 0.86
- Upside Capture
- 237.96%
- Downside Capture
- 177.18%
Expense Ratio
MVV has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MVV ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Midcap 400 (MVV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MVV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.78 | +0.05 |
| Martin ratioReturn relative to average drawdown | 9.70 | 12.44 | -2.74 |
Dividends
Dividend History
ProShares Ultra Midcap 400 provided a 0.66% 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 | 0.66% | 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 | $0.00 | $0.00 | $0.00 | $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 0.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -85.54%Mar 2009 | 1y 9mo | 4y 1mo | 5y 11moJun 2007 - Apr 2013 |
COVID crash2020 | -69.19%Mar 2020 | 1mo 1d | 8mo 27d | 9mo 28dFeb 2020 - Dec 2020 |
Bear market2022 | -45.53%Sep 2022 | 10mo 17d | 2y 1mo | 2y 11moNov 2021 - Nov 2024 |
2025 selloff2025 | -44.80%Apr 2025 | 4mo 13d | 10mo 4d | 1y 2moNov 2024 - Feb 2026 |
Rate-hike selloffLate 2018 | -42.33%Dec 2018 | 3mo 26d | 1y 23d | 1y 4moAug 2018 - Jan 2020 |
Drawdown Indicators
| MVV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.54% | -56.78% | -28.76% |
Max Drawdown (1Y)Largest decline over 1 year | -17.68% | -9.10% | -8.58% |
Max Drawdown (3Y)Largest decline over 3 years | -44.80% | -18.90% | -25.90% |
Max Drawdown (5Y)Largest decline over 5 years | -45.53% | -25.43% | -20.10% |
Max Drawdown (10Y)Largest decline over 10 years | -69.19% | -33.92% | -35.27% |
Current DrawdownCurrent decline from peak | -0.21% | -1.80% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -20.50% | -10.71% | -9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 2.03% | +3.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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