ProShares UltraPro MidCap400 (UMDD) 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 UMDD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UMDD
UMDD charges 0.95% annually. There are 100 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 44.22M | Mar 2026 | UMDD vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 49.31M | Sep 2021 | UMDD vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 257.66M | May 2014 | UMDD vs SPUU | |
| Leverage Shares 2X Long TSLA Daily ETF | 0.75% | — | Dec 2024 | UMDD vs TSLG | |
| Leverage Shares 2X Long BMNR Daily ETF | 0.75% | 25.41M | Oct 2025 | UMDD vs BMNG |
Best Risk-Adjusted Alternatives to UMDD
UMDD has a PortfoliosLab risk / return rank of 38. There are 76 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 6.16B | Oct 2024 | UMDD vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 923.53M | Nov 2024 | UMDD vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.82M | Apr 2021 | UMDD vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.50M | Apr 2021 | UMDD vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 96 | 509.42M | Feb 2025 | UMDD vs INTW |
Top Performing UMDD Alternatives (YTD)
UMDD is at 36.23% YTD. There are 71 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 738.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 738.32% | 162.40M | Feb 2025 | UMDD vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 575.80% | 6.16B | Oct 2024 | UMDD vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 555.59% | 923.53M | Nov 2024 | UMDD vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 395.01% | 101.49M | Nov 2025 | UMDD vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 394.65% | 509.42M | Feb 2025 | UMDD vs INTW |
Lowest Volatility Alternatives to UMDD
UMDD has 47.53% 1-year volatility. There are 108 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.77% | 22.82M | Apr 2021 | UMDD vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.21% | 20.50M | Apr 2021 | UMDD vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.40% | 13.45M | Jul 2021 | UMDD vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.50% | 20.95M | Jul 2021 | UMDD vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.55% | 69.49M | Apr 2021 | UMDD vs XDSQ |
Lowest Drawdown Alternatives to UMDD
UMDD has a 1-year max drawdown of -26.04%. There are 47 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.82M | Apr 2021 | UMDD vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.50M | Apr 2021 | UMDD vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.45M | Jul 2021 | UMDD vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 20.95M | Jul 2021 | UMDD vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.49M | Apr 2021 | UMDD vs XDSQ |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $37B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 48 | 38.33% | 37.04B | Feb 2010 | UMDD vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 50 | 28.12% | 14.15B | Jun 2006 | UMDD vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -30.09% | 1.45B | Oct 2021 | UMDD vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 52 | 23.85% | 5.47B | Jun 2009 | UMDD vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 17.32% | 8.13B | Jun 2006 | UMDD vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 70 | 70.32% | 2.97B | Jan 2007 | UMDD vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 10.60% | 11.63B | Oct 2013 | UMDD vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.27% | 2.09B | Feb 2010 | UMDD vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 54 | 13.67% | 410.75M | Mar 2024 | UMDD vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -32.31% | 216.19M | Oct 2011 | UMDD vs UVXY |
Often Compared With UMDD
Investors most often compare UMDD with MIDU, SMDD, MVV. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare UMDD with Any Fund or Stock
Compare UMDD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UMDD with funds that move differently
ProShares UltraPro MidCap400 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UMDD.
Explore UMDD Diversifiers