ProShares - UltraPro MidCap 400
$31.50−0.33 (−1.05%)
- Expense ratio
- 1.40%
- Fund size
- $27M
- 1Y return
- +23.5%
- Yield · Last 12 months
- 0.74%
- Holdings
- 411
- Volume · 30D
- 0M sh
- NAV per share
- $31.16
- 52W range
The ETF.net UMDD Grade
Score 28 of 100 sits in the D 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.FScore 0Category 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.DScore 39Category 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 51Category rank
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
- 411
- 40%
- Net Other Assets (Liabilities)
Sectors
- Industrials22.2%
- Technology16.9%
- Financials14.1%
- Health Care10.7%
- Consumer Discr.10.3%
- Real Estate7.6%
- Energy5.4%
- Materials5.1%
- Cons. Staples3.3%
- Utilities2.8%
- Communication1.6%
Geography
- United States96.45%
- United Kingdom1.74%
- Bermuda0.74%
- Ireland0.44%
- Cayman Islands0.39%
- Sweden0.24%
UMDD 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 | UMDD |
|---|---|
| Year to date | +24.9% |
| 1 month | −12.2% |
| 3 months | −12.3% |
| 1 year | +23.5% |
| 3 years | +24.1% |
| 5 years | +2.1% |
| 10 years | +9.7% |
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 | +24.9% | |
| 2025 | −2.6% | |
| 2024 | +19.7% | |
| 2023 | +27.2% | |
| 2022 | −49.6% | |
| 2021 | +72.3% | |
| 2020 | −17.3% |
UMDD in the news
ETF.net Research hasn’t filed on UMDD yet — coverage lands here as it’s written.
UMDD Dividends
- 0.74%
- $0.24
- $0.04 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.04 |
| Mar 25, 2026 | Mar 31, 2026 | $0.04 |
| Dec 24, 2025 | Dec 31, 2025 | $0.08 |
| Sep 24, 2025 | Sep 30, 2025 | $0.08 |
| Jun 25, 2025 | Jul 1, 2025 | $0.07 |
| Mar 26, 2025 | Apr 1, 2025 | $0.03 |
| Dec 23, 2024 | Dec 31, 2024 | $0.11 |
| Sep 25, 2024 | Oct 2, 2024 | $0.05 |
| Jun 26, 2024 | Jul 3, 2024 | $0.04 |
| Mar 20, 2024 | Mar 27, 2024 | $0.0099 |
| Dec 20, 2023 | Dec 28, 2023 | $0.04 |
| Mar 22, 2023 | Mar 29, 2023 | $0.005 |
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.
- 48.5%
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.
- 0.51
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.
- 3.04
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
- The middle half of 3x Leveraged Long funds
- Median 0.98%
Every other 3x Leveraged Long fund charges less.