ProShares - Ultra MidCap400
BThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$81.84+0.25 (+0.31%)
- 1.01%
- $147M
- +26.9%
- 0.65%
- 0M sh
- $81.61
- low $62.12high $94.88
The ETF.net MVV Grade
B
Score 62 out of 100
- 7 of 99
Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C51 out of 100Rank 49 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 14 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A74 out of 100Rank 16 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A82 out of 100Rank 2 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 10 of 99
Our read on MVV
BMost leveraged ETFs point at mega-caps or hot sectors. MVV aims for twice the daily move of the S&P MidCap 400, the overlooked middle of the US market, and it has been running that trade since 2006.
MVV seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the S&P MidCap 400 Index. The objective applies to each day, not to holding periods longer than one day.
Why people hold it
- Seeks 2x the daily move of the S&P MidCap 400, roughly 400 mid-size US companies. Almost nothing else in the leveraged bull aisle points at that slice of the market.
- Charges 1.01% a year, a touch under the typical leveraged bull fund and well under the 1.40% on UMDD, the 3x version of the same index.
- Trading since 2006, with multiple full market cycles behind it, and it sits in the upper half of a crowded leveraged bull field.
Worth knowing
- The leverage resets every day. The 2x target applies to a single session, so over longer holds compounding can push results away from twice the index move, especially in choppy markets.
- One of the quieter tickers in the leveraged lineup, so spreads can run wider than the household 3x names and limit orders do real work.
- Doubling a mid-cap index means every daily swing lands twice as hard. Position size is the whole conversation here.
MVV Holdings
- Stocks
- 402
- 27%
- Net Other Assets (Liabilities)
Sectors
- Industrials22.2%
- Technology18.1%
- Financials13.6%
- Health Care10.5%
- Consumer Discretionary10.1%
- Real Estate7.9%
- Energy5.3%
- Materials4.9%
- Consumer Staples3.2%
- Utilities2.8%
- Communication1.5%
Geography
- United States96.47%
- United Kingdom1.72%
- Bermuda0.69%
- Cayman Islands0.50%
- Ireland0.42%
- Sweden0.21%
MVV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
MVV$12,685
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MVV |
|---|---|
| Year to date | +17.5% |
| 1 month | −3.4% |
| 3 months | −7.6% |
| 1 year | +26.9% |
| 3 years | +21.8% |
| 5 years | +5.8% |
| 10 years | +12.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MVV |
|---|---|---|
| 2026 YTD | +17.5% | |
| 2025 | +3.5% | |
| 2024 | +17.7% | |
| 2023 | +22.5% | |
| 2022 | −31.9% | |
| 2021 | +48.6% | |
| 2020 | +6.2% |
MVV in the news
MVV Dividends
- 0.65%
- $0.53
- $0.08 per share
- Quarterly
Distribution history
MVV Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 31.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.57
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −45.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MVV Cost
1.01%
MVV1.01%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
48 of the 95 Leveraged Long (2x & Other) funds charge less.
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- BMAGXRoundhill Daily 2X Long Magnificent Seven ETFExpense ratio 0.96%1 year return +26.9%
- BYCLProShares - Ultra YenExpense ratio 0.95%1 year return −12.6%
- BUGLProShares - Ultra GoldExpense ratio 0.95%1 year return −7.2%