SMDD vs. UMDD
Compare and contrast key facts about ProShares UltraPro Short MidCap400 (SMDD) and ProShares UltraPro MidCap400 (UMDD).
SMDD and UMDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMDD is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (-300%). It was launched on Feb 11, 2010. UMDD is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (300%). It was launched on Feb 9, 2010. Both SMDD and UMDD 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: SMDD or UMDD.
Key characteristics
| SMDD | UMDD | |
|---|---|---|
| YTD Return | -38.49% | 37.07% |
| 1Y Return | -53.58% | 76.01% |
| 3Y Return (Ann) | -25.20% | -6.82% |
| 5Y Return (Ann) | -47.75% | 6.56% |
| 10Y Return (Ann) | -40.13% | 11.09% |
| Sharpe Ratio | -1.14 | 1.66 |
| Sortino Ratio | -1.86 | 2.23 |
| Omega Ratio | 0.80 | 1.27 |
| Calmar Ratio | -0.54 | 1.41 |
| Martin Ratio | -1.41 | 8.32 |
| Ulcer Index | 38.39% | 9.49% |
| Daily Std Dev | 47.64% | 47.58% |
| Max Drawdown | -99.98% | -86.24% |
| Current Drawdown | -99.98% | -19.49% |
Correlation
The correlation between SMDD and UMDD is -0.98. 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
SMDD vs. UMDD - Performance Comparison
In the year-to-date period, SMDD achieves a -38.49% return, which is significantly lower than UMDD's 37.07% return. Over the past 10 years, SMDD has underperformed UMDD with an annualized return of -40.13%, while UMDD has yielded a comparatively higher 11.09% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMDD vs. UMDD - Expense Ratio Comparison
Both SMDD and UMDD have an expense ratio of 0.95%.
Risk-Adjusted Performance
SMDD vs. UMDD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short MidCap400 (SMDD) 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.
Dividends
SMDD vs. UMDD - Dividend Comparison
SMDD's dividend yield for the trailing twelve months is around 4.82%, more than UMDD's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SMDD ProShares UltraPro Short MidCap400 | 4.82% | 3.86% | 0.14% | 0.00% | 0.13% | 1.51% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
UMDD ProShares UltraPro MidCap400 | 0.44% | 0.19% | 0.49% | 0.06% | 0.08% | 0.64% | 0.32% | 0.00% | 0.03% | 0.06% | 0.08% |
Drawdowns
SMDD vs. UMDD - Drawdown Comparison
The maximum SMDD drawdown since its inception was -99.98%, which is greater than UMDD's maximum drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for SMDD and UMDD. For additional features, visit the drawdowns tool.
Volatility
SMDD vs. UMDD - Volatility Comparison
ProShares UltraPro Short MidCap400 (SMDD) and ProShares UltraPro MidCap400 (UMDD) have volatilities of 16.19% and 15.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.