MYY vs. USD
MYY (ProShares Short S&P Mid Cap400) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - MYY is a Inverse Equities fund tracking the S&P Mid Cap 400 (-100%), while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 10 years, MYY returned -11.12%/yr vs 62.16%/yr for USD. At a correlation of -0.68, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
MYY vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, MYY achieves a -11.13% return, which is significantly lower than USD's 114.00% return. Over the past 10 years, MYY has underperformed USD with an annualized return of -11.12%, while USD has yielded a comparatively higher 62.16% annualized return.
MYY
- 1D
- 0.02%
- 1M
- -3.52%
- YTD
- -11.13%
- 6M
- -11.03%
- 1Y
- -16.67%
- 3Y*
- -9.90%
- 5Y*
- -5.92%
- 10Y*
- -11.12%
USD
- 1D
- -1.14%
- 1M
- 44.53%
- YTD
- 114.00%
- 6M
- 111.06%
- 1Y
- 274.62%
- 3Y*
- 127.67%
- 5Y*
- 69.52%
- 10Y*
- 62.16%
MYY vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYY ProShares Short S&P Mid Cap400 | -11.13% | -4.05% | -7.08% | -9.46% | 10.23% | -23.04% | -25.94% | -19.98% | 12.79% | -14.63% |
USD ProShares Ultra Semiconductors | 114.00% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between MYY and USD is -0.44, 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 | -0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | -0.68 |
Over the past year, the inverse relationship between MYY and USD has weakened: their correlation has moved from -0.68 to -0.44, meaning they move in opposite directions less often than they have historically.
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Return for Risk
MYY vs. USD — Risk / Return Rank
MYY
USD
MYY vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P Mid Cap400 (MYY) and ProShares Ultra Semiconductors (USD). 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.
| MYY | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.61 | ||
| Sortino ratioReturn per unit of downside risk | -5.26 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.51 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 8.70 | -9.65 |
| Martin ratioReturn relative to average drawdown | -1.75 | 25.16 | -26.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MYY | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.08 | 4.53 | -5.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.91 | -1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.52 | 0.90 | -1.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.53 | 0.49 | -1.02 |
Drawdowns
MYY vs. USD - Drawdown Comparison
The maximum MYY drawdown since its inception was -95.08%, which is greater than USD's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for MYY and USD.
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Drawdown Indicators
| MYY | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.08% | -88.63% | -6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -31.80% | +14.22% |
Max Drawdown (3Y)Largest decline over 3 years | -33.48% | -64.46% | +30.98% |
Max Drawdown (5Y)Largest decline over 5 years | -36.20% | -77.85% | +41.65% |
Max Drawdown (10Y)Largest decline over 10 years | -71.22% | -77.85% | +6.63% |
Current DrawdownCurrent decline from peak | -95.07% | -1.14% | -93.93% |
Average DrawdownAverage peak-to-trough decline | -72.15% | -32.35% | -39.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.56% | 10.97% | -1.41% |
Volatility
MYY vs. USD - Volatility Comparison
The current volatility for ProShares Short S&P Mid Cap400 (MYY) is 4.41%, while ProShares Ultra Semiconductors (USD) has a volatility of 20.36%. This indicates that MYY experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYY | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 20.36% | -15.95% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 46.39% | -34.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 61.22% | -45.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 76.55% | -56.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.25% | 69.23% | -47.98% |
MYY vs. USD - Expense Ratio Comparison
Both MYY and USD have an expense ratio of 0.95%.
Dividends
MYY vs. USD - Dividend Comparison
MYY's dividend yield for the trailing twelve months is around 4.45%, more than USD's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYY ProShares Short S&P Mid Cap400 | 4.45% | 4.20% | 4.92% | 5.08% | 0.40% | 0.00% | 0.05% | 1.52% | 0.34% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.21% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
MYY and USD have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (20.36%) compared to MYY (4.41%). In terms of maximum drawdown, MYY dropped -95.08% vs USD's -88.63%.
On 10-year performance, USD leads with 62.16% vs -11.12% for MYY. Both ETFs have the same 0.95% expense ratio. On volatility, MYY has been the lower-risk option at 4.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USD has performed better with a 62.16% return vs -11.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MYY and USD have the same expense ratio: 0.95% per year.
MYY has the higher dividend yield at 4.45%, compared with 0.21% for USD.
MYY is categorized as Inverse Equities, while USD is Leveraged Equities. MYY tracks S&P Mid Cap 400 (-100%), while USD tracks Dow Jones U.S. Semiconductors Index (200%).
USD currently has the higher Sharpe Ratio (4.53 vs -1.08), 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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