MVV vs. MDY
Compare and contrast key facts about ProShares Ultra Midcap 400 (MVV) and SPDR S&P MidCap 400 ETF (MDY).
MVV and MDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MVV is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (200%). It was launched on Jun 21, 2006. MDY is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on May 4, 1995. Both MVV and MDY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MVV or MDY.
Performance
MVV vs. MDY - Performance Comparison
Returns By Period
In the year-to-date period, MVV achieves a 31.53% return, which is significantly higher than MDY's 19.40% return. Over the past 10 years, MVV has outperformed MDY with an annualized return of 12.50%, while MDY has yielded a comparatively lower 9.97% annualized return.
MVV
31.53%
8.94%
19.85%
55.54%
13.32%
12.50%
MDY
19.40%
4.74%
12.00%
30.43%
12.10%
9.97%
Key characteristics
| MVV | MDY | |
|---|---|---|
| Sharpe Ratio | 1.80 | 1.95 |
| Sortino Ratio | 2.43 | 2.74 |
| Omega Ratio | 1.30 | 1.34 |
| Calmar Ratio | 1.71 | 3.05 |
| Martin Ratio | 9.34 | 11.15 |
| Ulcer Index | 6.16% | 2.80% |
| Daily Std Dev | 31.90% | 16.01% |
| Max Drawdown | -85.54% | -55.33% |
| Current Drawdown | -2.45% | -1.15% |
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MVV vs. MDY - Expense Ratio Comparison
MVV has a 0.95% expense ratio, which is higher than MDY's 0.23% expense ratio.
Correlation
The correlation between MVV and MDY is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
MVV vs. MDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Midcap 400 (MVV) and SPDR S&P MidCap 400 ETF (MDY). 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.
Dividends
MVV vs. MDY - Dividend Comparison
MVV's dividend yield for the trailing twelve months is around 0.41%, less than MDY's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVV ProShares Ultra Midcap 400 | 0.41% | 0.77% | 0.93% | 0.16% | 0.29% | 0.62% | 0.62% | 0.21% | 0.43% | 0.17% | 0.00% | 0.00% |
MDY SPDR S&P MidCap 400 ETF | 1.09% | 1.21% | 1.37% | 0.96% | 1.12% | 1.34% | 1.39% | 1.18% | 1.31% | 1.35% | 1.17% | 1.07% |
Drawdowns
MVV vs. MDY - Drawdown Comparison
The maximum MVV drawdown since its inception was -85.54%, which is greater than MDY's maximum drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for MVV and MDY. For additional features, visit the drawdowns tool.
Volatility
MVV vs. MDY - Volatility Comparison
ProShares Ultra Midcap 400 (MVV) has a higher volatility of 10.73% compared to SPDR S&P MidCap 400 ETF (MDY) at 5.40%. This indicates that MVV's price experiences larger fluctuations and is considered to be riskier than MDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.