MVV vs. UMDD
Compare and contrast key facts about ProShares Ultra Midcap 400 (MVV) and ProShares UltraPro MidCap400 (UMDD).
MVV and UMDD 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. 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 MVV 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MVV or UMDD.
Key characteristics
| MVV | UMDD | |
|---|---|---|
| YTD Return | 16.57% | 23.57% |
| 1Y Return | 48.37% | 69.95% |
| 3Y Return (Ann) | 1.65% | -4.65% |
| 5Y Return (Ann) | 12.58% | 7.14% |
| 10Y Return (Ann) | 12.80% | 11.67% |
| Sharpe Ratio | 1.40 | 1.33 |
| Daily Std Dev | 31.53% | 47.40% |
| Max Drawdown | -85.54% | -86.24% |
| Current Drawdown | -7.61% | -27.42% |
Correlation
The correlation between MVV and UMDD 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.
Performance
MVV vs. UMDD - Performance Comparison
In the year-to-date period, MVV achieves a 16.57% return, which is significantly lower than UMDD's 23.57% return. Over the past 10 years, MVV has outperformed UMDD with an annualized return of 12.80%, while UMDD has yielded a comparatively lower 11.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MVV vs. UMDD - Expense Ratio Comparison
Both MVV and UMDD have an expense ratio of 0.95%.
Risk-Adjusted Performance
MVV vs. UMDD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Midcap 400 (MVV) 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.
Dividends
MVV vs. UMDD - Dividend Comparison
MVV's dividend yield for the trailing twelve months is around 0.53%, more than UMDD's 0.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MVV ProShares Ultra Midcap 400 | 0.53% | 0.77% | 0.93% | 0.16% | 0.29% | 0.62% | 0.62% | 0.21% | 0.43% | 0.17% | 0.00% |
UMDD ProShares UltraPro MidCap400 | 0.17% | 0.19% | 0.49% | 0.06% | 0.08% | 0.64% | 0.32% | 0.00% | 0.03% | 0.06% | 0.08% |
Drawdowns
MVV vs. UMDD - Drawdown Comparison
The maximum MVV drawdown since its inception was -85.54%, roughly equal to the maximum UMDD drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for MVV and UMDD. For additional features, visit the drawdowns tool.
Volatility
MVV vs. UMDD - Volatility Comparison
The current volatility for ProShares Ultra Midcap 400 (MVV) is 7.18%, while ProShares UltraPro MidCap400 (UMDD) has a volatility of 10.64%. This indicates that MVV experiences smaller price fluctuations and is considered to be less risky than UMDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.