MYY vs. JMEE
MYY (ProShares Short S&P Mid Cap400) and JMEE (JPMorgan Small & Mid Cap Enhanced Equity ETF) are both exchange-traded funds - MYY is a Inverse Equities fund tracking the S&P Mid Cap 400 (-100%), while JMEE is a Small Cap Blend Equities fund actively managed by JPMorgan. MYY is passively managed, while JMEE is actively managed. Over the past 3 years, MYY returned -9.96%/yr vs 17.77%/yr for JMEE. At a correlation of -0.99, they often move in opposite directions. MYY charges 0.95%/yr vs 0.24%/yr for JMEE.
Performance
MYY vs. JMEE - Performance Comparison
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Returns By Period
In the year-to-date period, MYY achieves a -11.47% return, which is significantly lower than JMEE's 18.13% return.
MYY
- 1D
- 0.97%
- 1M
- -2.32%
- YTD
- -11.47%
- 6M
- -9.76%
- 1Y
- -16.72%
- 3Y*
- -9.96%
- 5Y*
- -6.13%
- 10Y*
- -11.38%
JMEE
- 1D
- -0.87%
- 1M
- 3.51%
- YTD
- 18.13%
- 6M
- 15.84%
- 1Y
- 31.92%
- 3Y*
- 17.77%
- 5Y*
- —
- 10Y*
- —
MYY vs. JMEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MYY ProShares Short S&P Mid Cap400 | -11.47% | -4.05% | -7.08% | -9.46% | -1.23% |
JMEE JPMorgan Small & Mid Cap Enhanced Equity ETF | 18.13% | 7.65% | 13.65% | 18.12% | 0.09% |
Correlation
The correlation between MYY and JMEE is -0.99, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.99 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | -0.99 |
The correlation between MYY and JMEE has been stable across timeframes, ranging from -0.99 to -0.99 - a consistent structural relationship.
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Return for Risk
MYY vs. JMEE — Risk / Return Rank
MYY
JMEE
MYY vs. JMEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P Mid Cap400 (MYY) and JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MYY | JMEE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.34 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 3.89 | -4.85 |
| Martin ratioReturn relative to average drawdown | -1.82 | 13.66 | -15.48 |
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Drawdowns
MYY vs. JMEE - Drawdown Comparison
The maximum MYY drawdown since its inception was -95.14%, which is greater than JMEE's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for MYY and JMEE.
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Drawdown Indicators
| MYY | JMEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.14% | -25.40% | -69.74% |
Max Drawdown (1Y)Largest decline over 1 year | -17.48% | -8.24% | -9.24% |
Max Drawdown (3Y)Largest decline over 3 years | -34.39% | -25.40% | -8.99% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.61% | — | — |
Current DrawdownCurrent decline from peak | -95.09% | -0.87% | -94.22% |
Average DrawdownAverage peak-to-trough decline | -72.19% | -5.33% | -66.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.25% | 2.34% | +6.91% |
Volatility
MYY vs. JMEE - Volatility Comparison
The current volatility for ProShares Short S&P Mid Cap400 (MYY) is 4.50%, while JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) has a volatility of 4.77%. This indicates that MYY experiences smaller price fluctuations and is considered to be less risky than JMEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYY | JMEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 4.77% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 11.70% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 16.24% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.63% | 19.49% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.24% | 19.49% | +1.75% |
MYY vs. JMEE - Expense Ratio Comparison
MYY has a 0.95% expense ratio, which is higher than JMEE's 0.24% expense ratio.
Dividends
MYY vs. JMEE - Dividend Comparison
MYY's dividend yield for the trailing twelve months is around 4.47%, more than JMEE's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JMEE JPMorgan Small & Mid Cap Enhanced Equity ETF | 0.95% | 1.13% | 0.95% | 1.25% | 6.63% | 0.00% | 0.00% | 0.00% | 0.00% |
MYY ProShares Short S&P Mid Cap400 | 4.47% | 4.20% | 4.92% | 5.08% | 0.40% | 0.00% | 0.05% | 1.52% | 0.34% |
Frequently Asked Questions
MYY and JMEE have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMEE has higher volatility (4.77%) compared to MYY (4.50%). In terms of maximum drawdown, MYY dropped -95.14% vs JMEE's -25.40%.
On 3-year performance, JMEE leads with 17.77% vs -9.96% for MYY. On fees, JMEE is cheaper at 0.24% per year. On volatility, MYY has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JMEE has performed better with a 17.77% return vs -9.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JMEE is cheaper with a 0.24% expense ratio, compared with 0.95% for MYY.
MYY has the higher dividend yield at 4.47%, compared with 0.95% for JMEE.
MYY is categorized as Inverse Equities, while JMEE is Small Cap Blend Equities. They also come from different issuers: ProShares and JPMorgan. Their fees differ too: 0.95% for MYY and 0.24% for JMEE.
JMEE currently has the higher Sharpe Ratio (1.98 vs -1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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