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

Correlation

The correlation between SAA and UMDD is 0.76, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

SAA vs. UMDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra SmallCap600 (SAA) and ProShares UltraPro MidCap400 (UMDD). The values are adjusted to include any dividend payments, if applicable.

400.00%600.00%800.00%1,000.00%1,200.00%1,400.00%1,600.00%NovemberDecember2025FebruaryMarchApril
574.03%
780.16%
SAA
UMDD

Key characteristics

Sharpe Ratio

SAA:

-0.38

UMDD:

-0.40

Sortino Ratio

SAA:

-0.25

UMDD:

-0.21

Omega Ratio

SAA:

0.97

UMDD:

0.97

Calmar Ratio

SAA:

-0.33

UMDD:

-0.41

Martin Ratio

SAA:

-1.04

UMDD:

-1.24

Ulcer Index

SAA:

17.62%

UMDD:

20.91%

Daily Std Dev

SAA:

48.84%

UMDD:

64.71%

Max Drawdown

SAA:

-87.39%

UMDD:

-86.24%

Current Drawdown

SAA:

-46.49%

UMDD:

-53.01%

Returns By Period

In the year-to-date period, SAA achieves a -28.06% return, which is significantly higher than UMDD's -33.15% return. Over the past 10 years, SAA has outperformed UMDD with an annualized return of 5.02%, while UMDD has yielded a comparatively lower 3.28% annualized return.


SAA

YTD

-28.06%

1M

-14.96%

6M

-27.43%

1Y

-16.51%

5Y*

15.46%

10Y*

5.02%

UMDD

YTD

-33.15%

1M

-21.33%

6M

-34.16%

1Y

-24.75%

5Y*

20.84%

10Y*

3.28%

*Annualized

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SAA vs. UMDD - Expense Ratio Comparison

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


Expense ratio chart for SAA: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SAA: 0.95%
Expense ratio chart for UMDD: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
UMDD: 0.95%

Risk-Adjusted Performance

SAA vs. UMDD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SAA
The Risk-Adjusted Performance Rank of SAA is 77
Overall Rank
The Sharpe Ratio Rank of SAA is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of SAA is 99
Sortino Ratio Rank
The Omega Ratio Rank of SAA is 99
Omega Ratio Rank
The Calmar Ratio Rank of SAA is 55
Calmar Ratio Rank
The Martin Ratio Rank of SAA is 55
Martin Ratio Rank

UMDD
The Risk-Adjusted Performance Rank of UMDD is 66
Overall Rank
The Sharpe Ratio Rank of UMDD is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of UMDD is 1010
Sortino Ratio Rank
The Omega Ratio Rank of UMDD is 1010
Omega Ratio Rank
The Calmar Ratio Rank of UMDD is 33
Calmar Ratio Rank
The Martin Ratio Rank of UMDD is 33
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SAA vs. UMDD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra SmallCap600 (SAA) 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.


The chart of Sharpe ratio for SAA, currently valued at -0.38, compared to the broader market-1.000.001.002.003.004.00
SAA: -0.38
UMDD: -0.40
The chart of Sortino ratio for SAA, currently valued at -0.25, compared to the broader market-2.000.002.004.006.008.00
SAA: -0.25
UMDD: -0.21
The chart of Omega ratio for SAA, currently valued at 0.97, compared to the broader market0.501.001.502.00
SAA: 0.97
UMDD: 0.97
The chart of Calmar ratio for SAA, currently valued at -0.33, compared to the broader market0.002.004.006.008.0010.0012.00
SAA: -0.33
UMDD: -0.41
The chart of Martin ratio for SAA, currently valued at -1.04, compared to the broader market0.0020.0040.0060.00
SAA: -1.04
UMDD: -1.24

The current SAA Sharpe Ratio is -0.38, which is comparable to the UMDD Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of SAA and UMDD, 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 Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.38
-0.40
SAA
UMDD

Dividends

SAA vs. UMDD - Dividend Comparison

SAA's dividend yield for the trailing twelve months is around 1.93%, more than UMDD's 1.24% yield.


TTM20242023202220212020201920182017201620152014
SAA
ProShares Ultra SmallCap600
1.93%1.36%0.87%0.46%0.00%0.03%0.35%0.27%0.00%0.41%0.00%0.00%
UMDD
ProShares UltraPro MidCap400
1.24%0.76%0.19%0.49%0.06%0.08%0.64%0.32%0.00%0.03%0.06%0.08%

Drawdowns

SAA vs. UMDD - Drawdown Comparison

The maximum SAA drawdown since its inception was -87.39%, roughly equal to the maximum UMDD drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for SAA and UMDD. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%NovemberDecember2025FebruaryMarchApril
-46.49%
-53.01%
SAA
UMDD

Volatility

SAA vs. UMDD - Volatility Comparison

The current volatility for ProShares Ultra SmallCap600 (SAA) is 29.57%, while ProShares UltraPro MidCap400 (UMDD) has a volatility of 43.70%. This indicates that SAA 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.


10.00%20.00%30.00%40.00%NovemberDecember2025FebruaryMarchApril
29.57%
43.70%
SAA
UMDD