UMDD vs. BITO
Compare and contrast key facts about ProShares UltraPro MidCap400 (UMDD) and ProShares Bitcoin Strategy ETF (BITO).
UMDD and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
UMDD vs. BITO - Performance Comparison
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UMDD vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UMDD ProShares UltraPro MidCap400 | 5.14% | -2.57% | 19.68% | 27.21% | -49.60% | 6.96% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, UMDD achieves a 5.14% return, which is significantly higher than BITO's -22.79% return.
UMDD
- 1D
- 2.82%
- 1M
- -17.06%
- YTD
- 5.14%
- 6M
- 4.81%
- 1Y
- 28.13%
- 3Y*
- 13.87%
- 5Y*
- -1.48%
- 10Y*
- 10.04%
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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UMDD vs. BITO - Expense Ratio Comparison
Both UMDD and BITO have an expense ratio of 0.95%.
Return for Risk
UMDD vs. BITO — Risk / Return Rank
UMDD
BITO
UMDD vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro MidCap400 (UMDD) and ProShares Bitcoin Strategy ETF (BITO). 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.
| UMDD | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | -0.52 | +0.96 |
Sortino ratioReturn per unit of downside risk | 1.05 | -0.50 | +1.55 |
Omega ratioGain probability vs. loss probability | 1.14 | 0.94 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | -0.42 | +1.21 |
Martin ratioReturn relative to average drawdown | 2.84 | -0.89 | +3.72 |
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
| UMDD | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | -0.52 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | -0.08 | +0.37 |
Correlation
The correlation between UMDD and BITO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UMDD vs. BITO - Dividend Comparison
UMDD's dividend yield for the trailing twelve months is around 1.00%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMDD ProShares UltraPro MidCap400 | 1.00% | 1.00% | 0.76% | 0.19% | 0.49% | 0.06% | 0.08% | 0.64% | 0.32% | 0.00% | 0.03% | 0.06% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UMDD vs. BITO - Drawdown Comparison
The maximum UMDD drawdown since its inception was -86.24%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for UMDD and BITO.
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Drawdown Indicators
| UMDD | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.24% | -77.86% | -8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -38.30% | -50.05% | +11.75% |
Max Drawdown (5Y)Largest decline over 5 years | -64.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.24% | — | — |
Current DrawdownCurrent decline from peak | -27.99% | -46.75% | +18.76% |
Average DrawdownAverage peak-to-trough decline | -23.71% | -36.57% | +12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.66% | 23.73% | -13.07% |
Volatility
UMDD vs. BITO - Volatility Comparison
ProShares UltraPro MidCap400 (UMDD) has a higher volatility of 19.56% compared to ProShares Bitcoin Strategy ETF (BITO) at 12.84%. This indicates that UMDD's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMDD | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.56% | 12.84% | +6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 36.08% | 36.71% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.30% | 45.32% | +17.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.88% | 55.77% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.19% | 55.77% | +6.42% |