ProShares UltraPro Short MidCap400 (SMDD) Alternatives
ProShares UltraPro Short MidCap400 (SMDD) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SMDD. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to SMDD
SMDD charges 0.95% annually. Among ETFs in the Leveraged Equities category, these options have the lowest expense ratios among SMDD alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | Sep 14, 2021 | SMDD vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | May 28, 2014 | SMDD vs SPUU | |
| Leverage Shares 2X Long NVDA Daily ETF | 0.75% | Dec 12, 2024 | SMDD vs NVDG | |
| Leverage Shares 2X Long AMD Daily ETF | 0.75% | Jan 24, 2025 | SMDD vs AMDG | |
| Leverage Shares 2X Long HOOD Daily ETF | 0.75% | Mar 20, 2025 | SMDD vs HOOG |
Best Risk-Adjusted Alternatives to SMDD
Among ETFs in the Leveraged Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Direxion Daily South Korea Bull 3X Shares | 98 | Apr 10, 2013 | SMDD vs KORU | |
| Direxion Daily MU Bull 2X Shares | 98 | Oct 9, 2024 | SMDD vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | Nov 11, 2024 | SMDD vs MULL | |
| Direxion Daily GOOGL Bull 2X Shares | 96 | Sep 6, 2022 | SMDD vs GGLL | |
| Direxion Daily TSM Bull 2X Shares | 96 | Oct 3, 2024 | SMDD vs TSMX |
Top Performing SMDD Alternatives (YTD)
SMDD alternatives from the Leveraged Equities category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 168.34% | Apr 9, 2019 | SMDD vs NRGU | |
| MicroSectors Energy 3X Leveraged ETN | 141.86% | Feb 16, 2023 | SMDD vs WTIU | |
| Leverage Shares 2X Long TER Daily ETF | 102.79% | Nov 17, 2025 | SMDD vs TERG | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | 102.61% | Apr 1, 2020 | SMDD vs GUSH | |
| ProShares Ultra Oil & Gas | 85.56% | Jan 30, 2007 | SMDD vs DIG |
Lowest Volatility Alternatives to SMDD
SMDD alternatives from the Leveraged Equities category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 14.33% | Apr 1, 2021 | SMDD vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 16.31% | Apr 1, 2021 | SMDD vs QTAP | |
| Roundhill BRKB WeeklyPay ETF | 17.95% | Jun 17, 2025 | SMDD vs BRKW | |
| Innovator US Equity Accelerated ETF | 17.99% | Apr 1, 2021 | SMDD vs XDSQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 18.18% | Jul 1, 2021 | SMDD vs XTJL |
Lowest Drawdown Alternatives to SMDD
SMDD alternatives from the Leveraged Equities category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -11.83% | Apr 1, 2021 | SMDD vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -12.04% | Apr 1, 2021 | SMDD vs QTAP | |
| Innovator US Equity Accelerated ETF | -12.18% | Apr 1, 2021 | SMDD vs XDSQ | |
| Innovator Growth Accelerated ETF - Quarterly | -12.64% | Apr 1, 2021 | SMDD vs XDQQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -13.81% | Jul 1, 2021 | SMDD vs XTJL |
Other ETFs from ProShares
Most popular ProShares ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 50 | -20.81% | Feb 9, 2010 | SMDD vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency, Actively Managed | 5 | -23.25% | Oct 19, 2021 | SMDD vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities, Leveraged | 57 | -13.35% | Jun 21, 2006 | SMDD vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 45 | -16.03% | Jun 23, 2009 | SMDD vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 51 | -10.23% | Jun 19, 2006 | SMDD vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | S&P 500, Dividend | 27 | 2.36% | Oct 9, 2013 | SMDD vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 90 | -8.58% | Jan 30, 2007 | SMDD vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Leveraged | 2 | 18.46% | Feb 9, 2010 | SMDD vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Leveraged, Volatility | 5 | 45.56% | Oct 3, 2011 | SMDD vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 3 | -47.12% | Apr 1, 2024 | SMDD vs BITU |
Often Compared With SMDD
What investors most often compare with SMDD, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| ProShares UltraPro MidCap400 | Leveraged Equities, Leveraged | 32 | 2.26% | Feb 9, 2010 | SMDD vs UMDD | |
| Invesco S&P MidCap Momentum ETF | Mid Cap Growth Equities | 80 | 4.93% | Mar 3, 2005 | SMDD vs XMMO | |
| Direxion Daily Small Cap Bear 3X Shares | Leveraged Equities, Leveraged | 2 | -5.61% | Nov 5, 2008 | SMDD vs TZA | |
| Volatility Shares One+One Nasdaq-100® and Bitcoin ... | Leveraged Equities, Leveraged Cryptocurrency | 8 | -28.69% | Feb 18, 2025 | SMDD vs OOQB | |
| TSPY Lift ETF | Leveraged Equities, Leveraged | — | — | Jan 6, 2026 | SMDD vs TSYX | |
| Leverage Shares 2X Long ARM Daily ETF | Leveraged Equities | 28 | 70.35% | Jan 14, 2025 | SMDD vs ARMG | |
| Leverage Shares 2X Long TSM Daily ETF | Leveraged Equities | 96 | 16.19% | Jan 14, 2025 | SMDD vs TSMG | |
| Direxion Daily Energy Bull 2X Shares | Leveraged Equities, Leveraged | 65 | 85.42% | Apr 1, 2020 | SMDD vs ERX | |
| GraniteShares YieldBOOST SPY ETF | Leveraged Equities, Derivative Income | 37 | -7.13% | Feb 25, 2025 | SMDD vs YSPY |
Compare SMDD with Any Fund or Stock
Compare SMDD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.