UMDD vs. XLRE

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares UltraPro MidCap400 (UMDD) and Real Estate Select Sector SPDR Fund (XLRE).

UMDD and XLRE 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. XLRE is a passively managed fund by State Street that tracks the performance of the Real Estate Select Sector Index. It was launched on Oct 7, 2015. Both UMDD and XLRE 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. XLRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro MidCap400 (UMDD) and Real Estate Select Sector SPDR Fund (XLRE). The values are adjusted to include any dividend payments, if applicable.

UMDD vs. XLRE - 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%
XLRE Real Estate Select Sector SPDR Fund	2.17%	2.63%	5.09%	12.36%	-26.25%	46.10%	-2.18%	28.68%	-2.39%	10.69%

Returns By Period

In the year-to-date period, UMDD achieves a 5.14% return, which is significantly higher than XLRE's 2.17% return. Over the past 10 years, UMDD has outperformed XLRE with an annualized return of 10.04%, while XLRE has yielded a comparatively lower 5.98% 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%

XLRE

• 1D: 0.29%
• 1M: -6.14%
• YTD: 2.17%
• 6M: -1.08%
• 1Y: 1.18%
• 3Y*: 6.70%
• 5Y*: 3.78%
• 10Y*: 5.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UMDD vs. XLRE - Expense Ratio Comparison

UMDD has a 0.95% expense ratio, which is higher than XLRE's 0.13% expense ratio.

UMDD

ProShares UltraPro MidCap400

XLRE

Real Estate Select Sector SPDR Fund

Return for Risk

UMDD vs. XLRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UMDD

UMDD Risk / Return Rank: 30
UMDD Sharpe Ratio Rank: 24
UMDD Sortino Ratio Rank: 34
UMDD Omega Ratio Rank: 33
UMDD Calmar Ratio Rank: 30
UMDD Martin Ratio Rank: 31

XLRE

XLRE Risk / Return Rank: 13
XLRE Sharpe Ratio Rank: 13
XLRE Sortino Ratio Rank: 12
XLRE Omega Ratio Rank: 12
XLRE Calmar Ratio Rank: 14
XLRE Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UMDD vs. XLRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro MidCap400 (UMDD) and Real Estate Select Sector SPDR Fund (XLRE). 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	XLRE	Difference
Sharpe ratio Return per unit of total volatility	0.45	0.07	+0.37
Sortino ratio Return per unit of downside risk	1.05	0.21	+0.84
Omega ratio Gain probability vs. loss probability	1.14	1.03	+0.11
Calmar ratio Return relative to maximum drawdown	0.79	0.11	+0.69
Martin ratio Return relative to average drawdown	2.84	0.37	+2.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UMDD vs. XLRE - Sharpe Ratio Comparison

The current UMDD Sharpe Ratio is 0.45, which is higher than the XLRE Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of UMDD and XLRE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UMDD	XLRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	0.07	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.20	-0.22
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	0.32	-0.03

Correlation

The correlation between UMDD and XLRE is 0.57, 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. XLRE - Dividend Comparison

UMDD's dividend yield for the trailing twelve months is around 1.00%, less than XLRE's 3.42% 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%
XLRE Real Estate Select Sector SPDR Fund	3.42%	3.45%	3.43%	3.31%	3.70%	2.61%	3.15%	3.06%	3.78%	3.25%	4.22%	1.09%

Drawdowns

UMDD vs. XLRE - Drawdown Comparison

The maximum UMDD drawdown since its inception was -86.24%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for UMDD and XLRE.

Drawdown Indicators

	UMDD	XLRE	Difference
Max Drawdown Largest peak-to-trough decline	-86.24%	-38.83%	-47.41%
Max Drawdown (1Y) Largest decline over 1 year	-38.30%	-11.88%	-26.42%
Max Drawdown (5Y) Largest decline over 5 years	-64.61%	-34.12%	-30.49%
Max Drawdown (10Y) Largest decline over 10 years	-86.24%	-38.83%	-47.41%
Current Drawdown Current decline from peak	-27.99%	-8.69%	-19.30%
Average Drawdown Average peak-to-trough decline	-23.71%	-9.72%	-13.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.66%	3.39%	+7.27%

Volatility

UMDD vs. XLRE - Volatility Comparison

ProShares UltraPro MidCap400 (UMDD) has a higher volatility of 19.56% compared to Real Estate Select Sector SPDR Fund (XLRE) at 4.66%. This indicates that UMDD's price experiences larger fluctuations and is considered to be riskier than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UMDD	XLRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.56%	4.66%	+14.90%
Volatility (6M) Calculated over the trailing 6-month period	36.08%	9.62%	+26.46%
Volatility (1Y) Calculated over the trailing 1-year period	63.30%	16.32%	+46.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.88%	19.04%	+39.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.19%	20.40%	+41.79%