MZZ vs. XMMO
Compare and contrast key facts about ProShares UltraShort MidCap400 (MZZ) and Invesco S&P MidCap Momentum ETF (XMMO).
MZZ and XMMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MZZ is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (-200%). It was launched on Jul 11, 2006. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. Both MZZ and XMMO 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: MZZ or XMMO.
Correlation
The correlation between MZZ and XMMO is -0.87. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MZZ vs. XMMO - Performance Comparison
Key characteristics
MZZ:
-0.54
XMMO:
1.16
MZZ:
-0.60
XMMO:
1.74
MZZ:
0.93
XMMO:
1.21
MZZ:
-0.17
XMMO:
2.43
MZZ:
-1.07
XMMO:
5.72
MZZ:
15.53%
XMMO:
3.95%
MZZ:
31.05%
XMMO:
19.54%
MZZ:
-99.87%
XMMO:
-55.37%
MZZ:
-99.85%
XMMO:
-7.81%
Returns By Period
In the year-to-date period, MZZ achieves a -2.98% return, which is significantly lower than XMMO's 1.60% return. Over the past 10 years, MZZ has underperformed XMMO with an annualized return of -23.84%, while XMMO has yielded a comparatively higher 15.10% annualized return.
MZZ
-2.98%
7.75%
-8.01%
-18.88%
-28.24%
-23.84%
XMMO
1.60%
-5.38%
7.33%
24.51%
15.28%
15.10%
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MZZ vs. XMMO - Expense Ratio Comparison
MZZ has a 0.95% expense ratio, which is higher than XMMO's 0.33% expense ratio.
Risk-Adjusted Performance
MZZ vs. XMMO — Risk-Adjusted Performance Rank
MZZ
XMMO
MZZ vs. XMMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MidCap400 (MZZ) and Invesco S&P MidCap Momentum ETF (XMMO). 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
MZZ vs. XMMO - Dividend Comparison
MZZ's dividend yield for the trailing twelve months is around 6.55%, more than XMMO's 0.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MZZ ProShares UltraShort MidCap400 | 6.55% | 6.36% | 4.52% | 0.25% | 0.00% | 0.21% | 1.54% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
XMMO Invesco S&P MidCap Momentum ETF | 0.33% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% |
Drawdowns
MZZ vs. XMMO - Drawdown Comparison
The maximum MZZ drawdown since its inception was -99.87%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for MZZ and XMMO. For additional features, visit the drawdowns tool.
Volatility
MZZ vs. XMMO - Volatility Comparison
ProShares UltraShort MidCap400 (MZZ) has a higher volatility of 6.87% compared to Invesco S&P MidCap Momentum ETF (XMMO) at 4.77%. This indicates that MZZ's price experiences larger fluctuations and is considered to be riskier than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.