UMDD vs. SMDD
Compare and contrast key facts about ProShares UltraPro MidCap400 (UMDD) and ProShares UltraPro Short MidCap400 (SMDD).
UMDD and SMDD 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. 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. Both UMDD and SMDD 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: UMDD or SMDD.
Key characteristics
| UMDD | SMDD | |
|---|---|---|
| YTD Return | 43.68% | -41.07% |
| 1Y Return | 109.54% | -61.16% |
| 3Y Return (Ann) | -5.21% | -26.44% |
| 5Y Return (Ann) | 7.87% | -48.39% |
| 10Y Return (Ann) | 11.60% | -40.38% |
| Sharpe Ratio | 2.22 | -1.25 |
| Sortino Ratio | 2.75 | -2.19 |
| Omega Ratio | 1.34 | 0.76 |
| Calmar Ratio | 1.82 | -0.61 |
| Martin Ratio | 11.45 | -1.39 |
| Ulcer Index | 9.48% | 43.78% |
| Daily Std Dev | 48.79% | 48.79% |
| Max Drawdown | -86.24% | -99.98% |
| Current Drawdown | -15.61% | -99.98% |
Correlation
The correlation between UMDD and SMDD 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
UMDD vs. SMDD - Performance Comparison
In the year-to-date period, UMDD achieves a 43.68% return, which is significantly higher than SMDD's -41.07% return. Over the past 10 years, UMDD has outperformed SMDD with an annualized return of 11.60%, while SMDD has yielded a comparatively lower -40.38% 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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UMDD vs. SMDD - Expense Ratio Comparison
Both UMDD and SMDD have an expense ratio of 0.95%.
Risk-Adjusted Performance
UMDD vs. SMDD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro MidCap400 (UMDD) and ProShares UltraPro Short MidCap400 (SMDD). 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
UMDD vs. SMDD - Dividend Comparison
UMDD's dividend yield for the trailing twelve months is around 0.42%, less than SMDD's 5.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
UMDD ProShares UltraPro MidCap400 | 0.42% | 0.19% | 0.49% | 0.06% | 0.08% | 0.64% | 0.32% | 0.00% | 0.03% | 0.06% | 0.08% |
SMDD ProShares UltraPro Short MidCap400 | 5.03% | 3.86% | 0.14% | 0.00% | 0.13% | 1.51% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UMDD vs. SMDD - Drawdown Comparison
The maximum UMDD drawdown since its inception was -86.24%, smaller than the maximum SMDD drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for UMDD and SMDD. For additional features, visit the drawdowns tool.
Volatility
UMDD vs. SMDD - Volatility Comparison
ProShares UltraPro MidCap400 (UMDD) and ProShares UltraPro Short MidCap400 (SMDD) have volatilities of 15.48% and 15.94%, 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.