UMDD vs. MVV
Compare and contrast key facts about ProShares UltraPro MidCap400 (UMDD) and ProShares Ultra Midcap 400 (MVV).
UMDD and MVV 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. MVV is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (200%). It was launched on Jun 21, 2006. Both UMDD and MVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UMDD vs. MVV - Performance Comparison
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UMDD vs. MVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UMDD ProShares UltraPro MidCap400 | 5.14% | -2.57% | 19.68% | 27.21% | -49.60% | 72.27% | -17.30% | 78.90% | -40.29% | 49.17% |
MVV ProShares Ultra Midcap 400 | 4.75% | 3.48% | 17.75% | 22.51% | -31.96% | 48.57% | 6.20% | 49.50% | -25.44% | 30.81% |
Returns By Period
In the year-to-date period, UMDD achieves a 5.14% return, which is significantly higher than MVV's 4.75% return. Over the past 10 years, UMDD has underperformed MVV with an annualized return of 10.04%, while MVV has yielded a comparatively higher 12.30% annualized 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%
MVV
- 1D
- 1.73%
- 1M
- -11.15%
- YTD
- 4.75%
- 6M
- 5.31%
- 1Y
- 24.57%
- 3Y*
- 14.18%
- 5Y*
- 3.91%
- 10Y*
- 12.30%
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UMDD vs. MVV - Expense Ratio Comparison
Both UMDD and MVV have an expense ratio of 0.95%.
Return for Risk
UMDD vs. MVV — Risk / Return Rank
UMDD
MVV
UMDD vs. MVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro MidCap400 (UMDD) and ProShares Ultra Midcap 400 (MVV). 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 | MVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 0.57 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.05 | 1.09 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.15 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 0.97 | -0.17 |
Martin ratioReturn relative to average drawdown | 2.84 | 3.72 | -0.88 |
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 | MVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.57 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.10 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.29 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.24 | +0.06 |
Correlation
The correlation between UMDD and MVV is 0.99, 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.
Dividends
UMDD vs. MVV - Dividend Comparison
UMDD's dividend yield for the trailing twelve months is around 1.00%, more than MVV's 0.81% 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% |
MVV ProShares Ultra Midcap 400 | 0.81% | 0.77% | 0.39% | 0.77% | 0.93% | 0.16% | 0.29% | 0.62% | 0.62% | 0.21% | 0.43% | 0.17% |
Drawdowns
UMDD vs. MVV - Drawdown Comparison
The maximum UMDD drawdown since its inception was -86.24%, roughly equal to the maximum MVV drawdown of -85.54%. Use the drawdown chart below to compare losses from any high point for UMDD and MVV.
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Drawdown Indicators
| UMDD | MVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.24% | -85.54% | -0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -38.30% | -26.85% | -11.45% |
Max Drawdown (5Y)Largest decline over 5 years | -64.61% | -45.53% | -19.08% |
Max Drawdown (10Y)Largest decline over 10 years | -86.24% | -69.19% | -17.05% |
Current DrawdownCurrent decline from peak | -27.99% | -11.34% | -16.65% |
Average DrawdownAverage peak-to-trough decline | -23.71% | -20.70% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.66% | 6.97% | +3.69% |
Volatility
UMDD vs. MVV - Volatility Comparison
ProShares UltraPro MidCap400 (UMDD) has a higher volatility of 19.56% compared to ProShares Ultra Midcap 400 (MVV) at 12.99%. This indicates that UMDD's price experiences larger fluctuations and is considered to be riskier than MVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMDD | MVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.56% | 12.99% | +6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 36.08% | 24.02% | +12.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.30% | 43.30% | +20.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.88% | 39.66% | +19.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.19% | 42.32% | +19.87% |