SMDD vs. BRKW
SMDD (ProShares UltraPro Short MidCap400) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - SMDD is a Leveraged Equities fund tracking the S&P MidCap 400 Index (-300%), while BRKW is a Derivative Income fund actively managed by Roundhill. SMDD is passively managed, while BRKW is actively managed. At a correlation of -0.21, they often move in opposite directions. SMDD charges 0.95%/yr vs 0.99%/yr for BRKW.
Performance
SMDD vs. BRKW - Performance Comparison
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Returns By Period
In the year-to-date period, SMDD achieves a -34.17% return, which is significantly lower than BRKW's -6.96% return.
SMDD
- 1D
- -1.03%
- 1M
- -8.01%
- YTD
- -34.17%
- 6M
- -33.48%
- 1Y
- -49.82%
- 3Y*
- -39.03%
- 5Y*
- -29.74%
- 10Y*
- -40.10%
BRKW
- 1D
- 0.87%
- 1M
- 3.11%
- YTD
- -6.96%
- 6M
- -7.41%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMDD vs. BRKW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMDD ProShares UltraPro Short MidCap400 | -34.17% | -23.92% |
BRKW Roundhill BRKB WeeklyPay ETF | -6.96% | 2.09% |
Correlation
The correlation between SMDD and BRKW is -0.21, 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 (All Time) Calculated using the full available price history since Jun 20, 2025 | -0.21 |
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Return for Risk
SMDD vs. BRKW — Risk / Return Rank
SMDD
BRKW
SMDD vs. BRKW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short MidCap400 (SMDD) and Roundhill BRKB WeeklyPay ETF (BRKW). 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.
| SMDD | BRKW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.81 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | — | — |
| Martin ratioReturn relative to average drawdown | -1.67 | — | — |
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
| SMDD | BRKW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.07 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.51 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.71 | -0.30 | -0.40 |
Drawdowns
SMDD vs. BRKW - Drawdown Comparison
The maximum SMDD drawdown since its inception was -99.99%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for SMDD and BRKW.
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Drawdown Indicators
| SMDD | BRKW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -12.64% | -87.35% |
Max Drawdown (1Y)Largest decline over 1 year | -50.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -81.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -87.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.50% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -9.92% | -90.07% |
Average DrawdownAverage peak-to-trough decline | -92.96% | -5.36% | -87.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.85% | — | — |
Volatility
SMDD vs. BRKW - Volatility Comparison
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Volatility by Period
| SMDD | BRKW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 34.29% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.57% | 17.22% | +29.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.82% | 17.22% | +41.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.33% | 17.22% | +46.11% |
SMDD vs. BRKW - Expense Ratio Comparison
SMDD has a 0.95% expense ratio, which is lower than BRKW's 0.99% expense ratio.
Dividends
SMDD vs. BRKW - Dividend Comparison
SMDD's dividend yield for the trailing twelve months is around 7.08%, less than BRKW's 24.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BRKW Roundhill BRKB WeeklyPay ETF | 24.97% | 14.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMDD ProShares UltraPro Short MidCap400 | 7.08% | 4.96% | 4.09% | 3.86% | 0.14% | 0.00% | 0.13% | 1.51% | 0.09% |
Frequently Asked Questions
SMDD and BRKW have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMDD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMDD is cheaper with a 0.95% expense ratio, compared with 0.99% for BRKW.
BRKW has the higher dividend yield at 24.97%, compared with 7.08% for SMDD.
SMDD is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.95% for SMDD and 0.99% for BRKW.
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