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MVV vs. SAA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.9

Performance

MVV vs. SAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Midcap 400 (MVV) and ProShares Ultra SmallCap600 (SAA). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
8.84%
15.54%
MVV
SAA

Key characteristics

Sharpe Ratio

MVV:

0.60

SAA:

0.21

Sortino Ratio

MVV:

1.02

SAA:

0.60

Omega Ratio

MVV:

1.12

SAA:

1.07

Calmar Ratio

MVV:

0.73

SAA:

0.22

Martin Ratio

MVV:

2.91

SAA:

0.93

Ulcer Index

MVV:

6.57%

SAA:

9.12%

Daily Std Dev

MVV:

31.89%

SAA:

40.44%

Max Drawdown

MVV:

-85.54%

SAA:

-87.39%

Current Drawdown

MVV:

-15.09%

SAA:

-24.81%

Returns By Period

In the year-to-date period, MVV achieves a 18.95% return, which is significantly higher than SAA's 6.75% return. Over the past 10 years, MVV has outperformed SAA with an annualized return of 11.20%, while SAA has yielded a comparatively lower 9.73% annualized return.


MVV

YTD

18.95%

1M

-12.48%

6M

8.84%

1Y

18.40%

5Y*

9.41%

10Y*

11.20%

SAA

YTD

6.75%

1M

-13.60%

6M

15.54%

1Y

7.13%

5Y*

4.19%

10Y*

9.73%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MVV vs. SAA - Expense Ratio Comparison

Both MVV and SAA have an expense ratio of 0.95%.


MVV
ProShares Ultra Midcap 400
Expense ratio chart for MVV: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for SAA: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

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.


Sharpe ratio
The chart of Sharpe ratio for MVV, currently valued at 0.60, compared to the broader market0.002.004.000.600.21
The chart of Sortino ratio for MVV, currently valued at 1.02, compared to the broader market-2.000.002.004.006.008.0010.001.020.60
The chart of Omega ratio for MVV, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.001.121.07
The chart of Calmar ratio for MVV, currently valued at 0.73, compared to the broader market0.005.0010.0015.000.730.22
The chart of Martin ratio for MVV, currently valued at 2.91, compared to the broader market0.0020.0040.0060.0080.00100.002.910.93
MVV
SAA

The current MVV Sharpe Ratio is 0.60, which is higher than the SAA Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of MVV and SAA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.60
0.21
MVV
SAA

Dividends

MVV vs. SAA - Dividend Comparison

MVV's dividend yield for the trailing twelve months is around 0.39%, less than SAA's 1.34% yield.


TTM202320222021202020192018201720162015
MVV
ProShares Ultra Midcap 400
0.39%0.77%0.93%0.16%0.29%0.62%0.62%0.21%0.43%0.17%
SAA
ProShares Ultra SmallCap600
1.34%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 -87.39%. Use the drawdown chart below to compare losses from any high point for MVV and SAA. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-15.09%
-24.81%
MVV
SAA

Volatility

MVV vs. SAA - Volatility Comparison

The current volatility for ProShares Ultra Midcap 400 (MVV) is 10.39%, while ProShares Ultra SmallCap600 (SAA) has a volatility of 11.86%. 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.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%JulyAugustSeptemberOctoberNovemberDecember
10.39%
11.86%
MVV
SAA
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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