MVV vs. SAA
Compare and contrast key facts about ProShares Ultra Midcap 400 (MVV) and ProShares Ultra SmallCap600 (SAA).
MVV and SAA 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. SAA is a passively managed fund by ProShares that tracks the performance of the S&P SmallCap 600 Index (200%). It was launched on Jan 25, 2007. Both MVV and SAA 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 SAA.
Performance
MVV vs. SAA - Performance Comparison
Returns By Period
In the year-to-date period, MVV achieves a 35.91% return, which is significantly higher than SAA's 23.55% return. Over the past 10 years, MVV has outperformed SAA with an annualized return of 12.89%, while SAA has yielded a comparatively lower 12.01% annualized return.
MVV
35.91%
13.84%
21.73%
60.72%
14.05%
12.89%
SAA
23.55%
17.53%
27.39%
54.51%
9.57%
12.01%
Key characteristics
| MVV | SAA | |
|---|---|---|
| Sharpe Ratio | 1.90 | 1.32 |
| Sortino Ratio | 2.53 | 2.01 |
| Omega Ratio | 1.31 | 1.24 |
| Calmar Ratio | 1.81 | 1.21 |
| Martin Ratio | 9.86 | 6.22 |
| Ulcer Index | 6.16% | 8.76% |
| Daily Std Dev | 32.04% | 41.15% |
| Max Drawdown | -85.54% | -87.40% |
| Current Drawdown | 0.00% | -12.98% |
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MVV vs. SAA - Expense Ratio Comparison
Both MVV and SAA have an expense ratio of 0.95%.
Correlation
The correlation between MVV and SAA is 0.89, 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. SAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Midcap 400 (MVV) and ProShares Ultra SmallCap600 (SAA). 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. SAA - Dividend Comparison
MVV's dividend yield for the trailing twelve months is around 0.40%, less than SAA's 1.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
MVV ProShares Ultra Midcap 400 | 0.40% | 0.77% | 0.93% | 0.16% | 0.29% | 0.62% | 0.62% | 0.21% | 0.43% | 0.17% |
SAA ProShares Ultra SmallCap600 | 1.06% | 0.87% | 0.46% | 0.00% | 0.03% | 0.35% | 0.27% | 0.00% | 0.41% | 0.00% |
Drawdowns
MVV vs. SAA - Drawdown Comparison
The maximum MVV drawdown since its inception was -85.54%, roughly equal to the maximum SAA drawdown of -87.40%. Use the drawdown chart below to compare losses from any high point for MVV and SAA. For additional features, visit the drawdowns tool.
Volatility
MVV vs. SAA - Volatility Comparison
The current volatility for ProShares Ultra Midcap 400 (MVV) is 11.09%, while ProShares Ultra SmallCap600 (SAA) has a volatility of 15.11%. This indicates that MVV experiences smaller price fluctuations and is considered to be less risky than SAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.