UMDD vs. XTAP
Compare and contrast key facts about ProShares UltraPro MidCap400 (UMDD) and Innovator U.S. Equity Accelerated Plus ETF (XTAP).
UMDD and XTAP 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. XTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
UMDD vs. XTAP - Performance Comparison
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UMDD vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UMDD ProShares UltraPro MidCap400 | 2.26% | -2.57% | 19.68% | 27.21% | -49.60% | 18.08% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 1.66% | 17.58% | 14.26% | 23.46% | -14.68% | 11.87% |
Returns By Period
In the year-to-date period, UMDD achieves a 2.26% return, which is significantly higher than XTAP's 1.66% return.
UMDD
- 1D
- 8.63%
- 1M
- -17.22%
- YTD
- 2.26%
- 6M
- 2.98%
- 1Y
- 26.71%
- 3Y*
- 12.82%
- 5Y*
- -2.03%
- 10Y*
- 9.73%
XTAP
- 1D
- 0.08%
- 1M
- 0.65%
- YTD
- 1.66%
- 6M
- 4.34%
- 1Y
- 16.29%
- 3Y*
- 16.22%
- 5Y*
- —
- 10Y*
- —
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UMDD vs. XTAP - Expense Ratio Comparison
UMDD has a 0.95% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Return for Risk
UMDD vs. XTAP — Risk / Return Rank
UMDD
XTAP
UMDD vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro MidCap400 (UMDD) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). 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 | XTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 1.14 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.76 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.44 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.43 | -0.71 |
Martin ratioReturn relative to average drawdown | 2.59 | 9.78 | -7.19 |
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 | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 1.14 | -0.72 |
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 | 0.69 | -0.40 |
Correlation
The correlation between UMDD and XTAP is 0.79, 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. XTAP - Dividend Comparison
UMDD's dividend yield for the trailing twelve months is around 1.02%, while XTAP has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMDD ProShares UltraPro MidCap400 | 1.02% | 1.00% | 0.76% | 0.19% | 0.49% | 0.06% | 0.08% | 0.64% | 0.32% | 0.00% | 0.03% | 0.06% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UMDD vs. XTAP - Drawdown Comparison
The maximum UMDD drawdown since its inception was -86.24%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for UMDD and XTAP.
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Drawdown Indicators
| UMDD | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.24% | -22.13% | -64.11% |
Max Drawdown (1Y)Largest decline over 1 year | -38.30% | -11.83% | -26.47% |
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 | -29.96% | 0.00% | -29.96% |
Average DrawdownAverage peak-to-trough decline | -23.71% | -3.57% | -20.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.61% | 1.73% | +8.88% |
Volatility
UMDD vs. XTAP - Volatility Comparison
ProShares UltraPro MidCap400 (UMDD) has a higher volatility of 19.78% compared to Innovator U.S. Equity Accelerated Plus ETF (XTAP) at 0.77%. This indicates that UMDD's price experiences larger fluctuations and is considered to be riskier than XTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMDD | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.78% | 0.77% | +19.01% |
Volatility (6M)Calculated over the trailing 6-month period | 35.98% | 2.52% | +33.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.25% | 14.33% | +48.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.89% | 14.60% | +44.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.19% | 14.60% | +47.59% |