EET vs. UMDD

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra MSCI Emerging Markets (EET) and ProShares UltraPro MidCap400 (UMDD).

EET and UMDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EET is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (200%). It was launched on Jun 2, 2009. UMDD is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (300%). It was launched on Feb 9, 2010. Both EET and UMDD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EET vs. UMDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra MSCI Emerging Markets (EET) and ProShares UltraPro MidCap400 (UMDD). The values are adjusted to include any dividend payments, if applicable.

EET vs. UMDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EET ProShares Ultra MSCI Emerging Markets	5.67%	63.14%	2.88%	7.06%	-43.07%	-10.93%	18.92%	31.87%	-33.84%	82.41%
UMDD ProShares UltraPro MidCap400	5.14%	-2.57%	19.68%	27.21%	-49.60%	72.27%	-17.30%	78.90%	-40.29%	49.17%

Returns By Period

In the year-to-date period, EET achieves a 5.67% return, which is significantly higher than UMDD's 5.14% return. Over the past 10 years, EET has underperformed UMDD with an annualized return of 6.62%, while UMDD has yielded a comparatively higher 10.04% annualized return.

EET

• 1D: 1.30%
• 1M: -14.98%
• YTD: 5.67%
• 6M: 10.13%
• 1Y: 60.53%
• 3Y*: 21.80%
• 5Y*: -2.13%
• 10Y*: 6.62%

UMDD

• 1D: 2.82%
• 1M: -17.06%
• YTD: 5.14%
• 6M: 4.81%
• 1Y: 28.13%
• 3Y*: 13.87%
• 5Y*: -1.48%
• 10Y*: 10.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EET vs. UMDD - Expense Ratio Comparison

Both EET and UMDD have an expense ratio of 0.95%.

EET

ProShares Ultra MSCI Emerging Markets

UMDD

ProShares UltraPro MidCap400

Return for Risk

EET vs. UMDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EET

EET Risk / Return Rank: 77
EET Sharpe Ratio Rank: 78
EET Sortino Ratio Rank: 77
EET Omega Ratio Rank: 74
EET Calmar Ratio Rank: 79
EET Martin Ratio Rank: 76

UMDD

UMDD Risk / Return Rank: 30
UMDD Sharpe Ratio Rank: 24
UMDD Sortino Ratio Rank: 34
UMDD Omega Ratio Rank: 33
UMDD Calmar Ratio Rank: 30
UMDD Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EET vs. UMDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) and ProShares UltraPro MidCap400 (UMDD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EET	UMDD	Difference
Sharpe ratio Return per unit of total volatility	1.51	0.45	+1.06
Sortino ratio Return per unit of downside risk	2.02	1.05	+0.97
Omega ratio Gain probability vs. loss probability	1.29	1.14	+0.15
Calmar ratio Return relative to maximum drawdown	2.33	0.79	+1.54
Martin ratio Return relative to average drawdown	8.54	2.84	+5.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EET vs. UMDD - Sharpe Ratio Comparison

The current EET Sharpe Ratio is 1.51, which is higher than the UMDD Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of EET and UMDD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EET	UMDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	0.45	+1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	-0.03	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.16	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.29	-0.23

Correlation

The correlation between EET and UMDD is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EET vs. UMDD - Dividend Comparison

EET's dividend yield for the trailing twelve months is around 1.79%, more than UMDD's 1.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EET ProShares Ultra MSCI Emerging Markets	1.79%	1.82%	3.85%	2.14%	0.00%	0.00%	0.01%	1.40%	0.16%	0.00%	0.00%	0.00%
UMDD ProShares UltraPro MidCap400	1.00%	1.00%	0.76%	0.19%	0.49%	0.06%	0.08%	0.64%	0.32%	0.00%	0.03%	0.06%

Drawdowns

EET vs. UMDD - Drawdown Comparison

The maximum EET drawdown since its inception was -71.66%, smaller than the maximum UMDD drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for EET and UMDD.

Drawdown Indicators

	EET	UMDD	Difference
Max Drawdown Largest peak-to-trough decline	-71.66%	-86.24%	+14.58%
Max Drawdown (1Y) Largest decline over 1 year	-26.38%	-38.30%	+11.92%
Max Drawdown (5Y) Largest decline over 5 years	-64.98%	-64.61%	-0.37%
Max Drawdown (10Y) Largest decline over 10 years	-69.07%	-86.24%	+17.17%
Current Drawdown Current decline from peak	-23.02%	-27.99%	+4.97%
Average Drawdown Average peak-to-trough decline	-37.57%	-23.71%	-13.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.19%	10.66%	-3.47%

Volatility

EET vs. UMDD - Volatility Comparison

ProShares Ultra MSCI Emerging Markets (EET) and ProShares UltraPro MidCap400 (UMDD) have volatilities of 19.08% and 19.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EET	UMDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.08%	19.56%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	30.39%	36.08%	-5.69%
Volatility (1Y) Calculated over the trailing 1-year period	40.29%	63.30%	-23.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.90%	58.88%	-21.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.26%	62.19%	-21.93%