ProShares - UltraPro MidCap 400
DThis 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.
$31.17+0.09 (+0.28%)
- 1.40%
- $27M
- +36.1%
- 0.60%
- 0M sh
- $31.06
- low $21.52high $39.16
The ETF.net UMDD Grade
D
Score 28 out of 100
- 25 of 31
Score 28 of 100 falls in the D 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.F0 out of 100Rank 31 of 31Mission
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.B68 out of 100Rank 5 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D39 out of 100Rank 19 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 16 of 31
Our read on UMDD
DLeverage usually chases mega-caps and hot sectors. UMDD aims for three times the daily move of the S&P MidCap 400 instead, roughly 400 mid-size US companies, and it resets every day.
The fund seeks daily investment results, before fees and expenses, corresponding to three times the daily performance of the S&P MidCap 400 Index.
Why people hold it
- Points 3x daily leverage at the middle of the market. The top-scoring funds in its category ride the Dow, the Nasdaq-100 and financials; this one takes the S&P MidCap 400.proshares.com
- The mandate leaves no room for interpretation: three times the daily performance of one named index, before fees, reset each day. No manager discretion, no stock picking.proshares.com
- Trading since 2010, so the machinery has run through multiple bull runs, crashes and rate regimes rather than one lucky stretch.
Worth knowing
- The 3x target resets daily. Hold longer than a day and results can drift from three times the index move over that stretch, most of all in choppy markets.
- At 1.40%, the expense ratio runs above the typical daily-leveraged bull fund. Sibling MVV tracks the same index at a lower multiple and a lower fee.
- One of the smaller, lighter-traded names in the leveraged lineup, so bid-ask spreads and limit orders matter more here than with the headline 3x funds.
UMDD Holdings
- Stocks
- 401
- 40%
- 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 States96.39%
- United Kingdom1.76%
- Bermuda0.72%
- Cayman Islands0.50%
- Ireland0.41%
- Sweden0.22%
UMDD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
UMDD$13,608
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 | UMDD |
|---|---|
| Year to date | +22.0% |
| 1 month | −5.3% |
| 3 months | −12.0% |
| 1 year | +36.1% |
| 3 years | +25.6% |
| 5 years | +1.1% |
| 10 years | +10.2% |
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 | UMDD |
|---|---|---|
| 2026 YTD | +22.0% | |
| 2025 | −2.6% | |
| 2024 | +19.7% | |
| 2023 | +27.2% | |
| 2022 | −49.6% | |
| 2021 | +72.3% | |
| 2020 | −17.3% |
UMDD in the news
UMDD Dividends
- 0.60%
- $0.19
- $0.03 per share
- Quarterly
Distribution history
UMDD 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.
- 48.1%
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.
- −64.6%
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.
- 3.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UMDD Cost
1.40%
UMDD1.40%
- The middle half of 3x Leveraged Long funds
- Median 0.98%
Every other 3x Leveraged Long fund charges less.
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