ProShares - Short MidCap400
$15.69+0.01 (+0.05%)
- Expense ratio
- 2.22%
- Fund size
- $3M
- 1Y return
- −8.4%
- Yield · Last 12 months
- 4.17%
- Holdings
- 8
- Volume · 30D
- 0M sh
- NAV per share
- $15.92
- 52W range
The ETF.net MYY Grade
Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 32Category 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 69Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 42Category rank
Our read on MYY
CThe plain-vanilla short on America's mid caps. MYY aims for the inverse (-1x) of the S&P MidCap 400's daily move, with no leverage multiplier bolted on, and it has been running since 2006.
MYY seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P MidCap 400.
Why people hold it
- Straight -1x, no multiplier: a day's index move maps across one-for-one, without the amplified compounding that 2x and 3x bear funds carry.
- The cheapest of ProShares' three MidCap 400 bear funds at 2.22% a year, versus 3.28% for SMDD and 6.82% for MZZ.
- Trading since 2006, so its behavior through the financial crisis and every drawdown since sits in the public record rather than in a backtest.
- Aimed at the S&P MidCap 400 rather than the usual large-cap or Nasdaq 100 targets, a corner of the market with fewer inverse tools pointed at it.
Worth knowing
- The objective resets every day. Hold longer and results depend on the index's path, not just its endpoint, and choppy markets are where that bites hardest.
- At 2.22% a year, the fee sits well above the typical leveraged or inverse fund, and it keeps working against any position held past a trading session.
- A small fund that trades thinly, so bid-ask spreads can add to the cost of getting in and out beyond the stated expense ratio.
MYY Holdings
- Stocks
- 8
- 100%
- Net Other Assets (Liabilities)
MYY 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 | MYY |
|---|---|
| Year to date | −8.5% |
| 1 month | +4.4% |
| 3 months | +4.3% |
| 1 year | −8.4% |
| 3 years | −9.6% |
| 5 years | −5.6% |
| 10 years | −10.4% |
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 | MYY |
|---|---|---|
| 2026 YTD | −8.5% | |
| 2025 | −4.1% | |
| 2024 | −7.1% | |
| 2023 | −9.5% | |
| 2022 | +10.2% | |
| 2021 | −23.1% | |
| 2020 | −25.9% |
MYY in the news
ETF.net Research hasn’t filed on MYY yet — coverage lands here as it’s written.
MYY Dividends
- 4.17%
- $0.66
- $0.14 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.14 |
| Mar 25, 2026 | Mar 31, 2026 | $0.11 |
| Dec 24, 2025 | Dec 31, 2025 | $0.18 |
| Sep 24, 2025 | Sep 30, 2025 | $0.23 |
| Jun 25, 2025 | Jul 1, 2025 | $0.17 |
| Mar 26, 2025 | Apr 1, 2025 | $0.16 |
| Dec 23, 2024 | Dec 31, 2024 | $0.27 |
| Sep 25, 2024 | Oct 2, 2024 | $0.31 |
| Jun 26, 2024 | Jul 3, 2024 | $0.20 |
| Mar 20, 2024 | Mar 27, 2024 | $0.16 |
| Dec 20, 2023 | Dec 28, 2023 | $0.43 |
| Sep 20, 2023 | Sep 27, 2023 | $0.24 |
MYY 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.
- 15.6%
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.
- −0.79
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.
- −38.7%
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.
- −0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MYY Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
35 of the 53 Leveraged Inverse (2x & Other) funds charge less.