ProShares - Ultra MidCap400
$82.27−0.51 (−0.61%)
- Expense ratio
- 1.01%
- Fund size
- $143M
- 1Y return
- +19.1%
- Yield · Last 12 months
- 0.73%
- Holdings
- 411
- Volume · 30D
- 0M sh
- NAV per share
- $81.70
- 52W range
The ETF.net MVV Grade
Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 51Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 68Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 75Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 84Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 76Category rank
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
- 411
- 26%
- Net Other Assets (Liabilities)
Sectors
- Industrials18.4%
- Financials17.8%
- Technology16.7%
- Health Care10.0%
- Consumer Discr.9.4%
- Real Estate7.8%
- Materials7.1%
- Energy5.6%
- Cons. Staples3.1%
- Utilities2.7%
- Communication1.5%
Geography
- United States96.61%
- United Kingdom1.66%
- Bermuda0.70%
- Ireland0.43%
- Cayman Islands0.38%
- Sweden0.22%
MVV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +19.1% |
| 1 month | −8.3% |
| 3 months | −7.8% |
| 1 year | +19.1% |
| 3 years | +20.9% |
| 5 years | +6.5% |
| 10 years | +12.1% |
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 | +19.1% | |
| 2025 | +3.5% | |
| 2024 | +17.7% | |
| 2023 | +22.5% | |
| 2022 | −31.9% | |
| 2021 | +48.6% | |
| 2020 | +6.2% |
MVV in the news
ETF.net Research hasn’t filed on MVV yet — coverage lands here as it’s written.
MVV Dividends
- 0.73%
- $0.60
- $0.11 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.11 |
| Mar 25, 2026 | Mar 31, 2026 | $0.11 |
| Dec 24, 2025 | Dec 31, 2025 | $0.22 |
| Sep 24, 2025 | Sep 30, 2025 | $0.16 |
| Jun 25, 2025 | Jul 1, 2025 | $0.10 |
| Mar 26, 2025 | Apr 1, 2025 | $0.06 |
| Dec 23, 2024 | Dec 31, 2024 | $0.10 |
| Sep 25, 2024 | Oct 2, 2024 | $0.04 |
| Jun 26, 2024 | Jul 3, 2024 | $0.09 |
| Mar 20, 2024 | Mar 27, 2024 | $0.03 |
| Dec 20, 2023 | Dec 28, 2023 | $0.15 |
| Sep 20, 2023 | Sep 27, 2023 | $0.05 |
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.
- 31.7%
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.
- 0.54
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.
- 2.02
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
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
48 of the 93 Leveraged Long (2x & Other) funds charge less.