- ISIN
- US74347X8157
- CUSIP
- 74347X815
- Issuer
- ProShares
- Inception Date
- Feb 9, 2010
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 3x
- Index Tracked
- S&P MidCap 400 Index (300%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $33M
Share Price Chart
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Performance
UMDD Performance Chart
ProShares UltraPro MidCap400 (UMDD) is up 42.4% since the beginning of the year. UMDD is currently trading at $36 per share. Investors who bought $1,000 worth of UMDD shares 5 years ago would now be looking at an investment worth $1,232.
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Returns By Period
ProShares UltraPro MidCap400 (UMDD) has returned 42.38% so far this year and 73.33% over the past 12 months. Over the last ten years, UMDD has had an annualized return of 13.45%, just under the S&P 500 Index benchmark’s 13.88%.
ProShares UltraPro MidCap400
- 1D
- 1.32%
- 1M
- 10.37%
- YTD
- 42.38%
- 6M
- 33.72%
- 1Y
- 73.33%
- 3Y*
- 27.16%
- 5Y*
- 4.26%
- 10Y*
- 13.45%
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%
UMDD Monthly Returns History
Based on dividend-adjusted daily data since Feb 11, 2010, UMDD's average daily return is +0.14%, while the average monthly return is +2.74%. At this rate, an investment would double in approximately 2.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +47.3%, while the worst month was Mar 2020 at -63.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, UMDD closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +32.1%, while the worst single day was Mar 16, 2020 at -39.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.82% | 11.46% | -17.22% | 24.06% | 5.94% | 5.94% | 42.38% | ||||||
| 2025 | 10.68% | -13.87% | -17.51% | -13.54% | 15.72% | 9.26% | 3.29% | 8.95% | 0.01% | -2.86% | 4.91% | -1.18% | -2.57% |
| 2024 | -6.45% | 16.48% | 16.33% | -18.34% | 11.72% | -6.45% | 16.70% | -2.93% | 1.50% | -3.33% | 27.60% | -22.00% | 19.68% |
| 2023 | 28.44% | -6.91% | -11.65% | -3.63% | -11.02% | 28.02% | 11.03% | -9.80% | -16.41% | -16.94% | 25.12% | 26.10% | 27.21% |
| 2022 | -21.23% | 2.06% | 2.45% | -21.73% | -0.58% | -28.61% | 34.96% | -11.15% | -26.47% | 30.92% | 15.33% | -17.28% | -49.60% |
| 2021 | 3.15% | 20.84% | 12.72% | 12.95% | -0.54% | -3.69% | -0.29% | 5.57% | -11.88% | 17.97% | -9.15% | 13.99% | 72.27% |
Benchmark Metrics
ProShares UltraPro MidCap400 has an annualized alpha of -5.84%, beta of 3.14, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since February 11, 2010.
- This ETF captured 406.52% of S&P 500 Index gains and 231.57% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -5.84% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 3.14 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -5.84%
- Beta
- 3.14
- R²
- 0.83
- Upside Capture
- 406.52%
- Downside Capture
- 231.57%
Expense Ratio
UMDD has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
UMDD ranks 49 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 UltraPro MidCap400 (UMDD) 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.
| UMDD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.78 | +0.05 |
| Martin ratioReturn relative to average drawdown | 9.47 | 12.44 | -2.97 |
Dividends
Dividend History
ProShares UltraPro MidCap400 provided a 0.74% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.25 | $0.20 | $0.04 | $0.09 | $0.02 | $0.02 | $0.16 | $0.04 | $0.00 | $0.00 | $0.01 |
Dividend yield | 0.74% | 1.00% | 0.76% | 0.19% | 0.49% | 0.06% | 0.08% | 0.64% | 0.32% | 0.00% | 0.03% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraPro MidCap400. 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 | $0.04 | $0.00 | $0.00 | $0.00 | $0.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.25 |
| 2024 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.20 |
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
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 UltraPro MidCap400. 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 UltraPro MidCap400 was 86.24%, occurring on Mar 23, 2020. Recovery took 233 trading sessions.
The current ProShares UltraPro MidCap400 drawdown is 2.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -86.24%Mar 2020 | 1y 6mo | 11mo 8d | 2y 5moAug 2018 - Feb 2021 |
2011 bear market2011 | -65.66%Oct 2011 | 5mo 4d | 1y 4mo | 1y 9moMay 2011 - Feb 2013 |
2023 bear market2023 | -64.61%Oct 2023 | 1y 11mo | — | 4y 7moNov 2021 - now |
2016 bear market2016 | -50.75%Feb 2016 | 7mo 22d | 9mo 8d | 1y 4moJun 2015 - Nov 2016 |
2010 bear market2010 | -47.01%Jul 2010 | 2mo 11d | 4mo 29d | 7mo 10dApr 2010 - Dec 2010 |
Drawdown Indicators
| UMDD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.24% | -56.78% | -29.46% |
Max Drawdown (1Y)Largest decline over 1 year | -26.04% | -9.10% | -16.94% |
Max Drawdown (3Y)Largest decline over 3 years | -60.33% | -18.90% | -41.43% |
Max Drawdown (5Y)Largest decline over 5 years | -64.61% | -25.43% | -39.18% |
Max Drawdown (10Y)Largest decline over 10 years | -86.24% | -33.92% | -52.32% |
Current DrawdownCurrent decline from peak | -2.49% | -1.80% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -23.55% | -10.71% | -12.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.77% | 2.03% | +5.74% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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