ProShares Ultra MidCap400 2X Shares
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$61.78
- Net Assets:$0 Million
- NAV:$62.6
- Premium-1.31%
- Peer Rank:407 of 559
- Investment Rating:C-
- Performance:C+
- RiskC
We rate ProShares Ultra MidCap 400 at C-. Positive factors that influence this rating include a greater than above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
Total return ranks above peers over the last three years. The ProShares Ultra MidCap 400 has returned an annual rate of 10.94% since inception. More recently, the fund has generated a total return of 11.39% in the last five years, 4.44% in the last three years, and 12.85% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 82% of them. It has also outpaced 57% of its competitors on a three year basis and 60% of them over the last year for the period ending 2/29/2024. On a year to date basis, MVV has returned 8.15%.
Downside risk has been above average. MVV has a draw down risk of -42.98%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 41.6%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As MVV is an exchange traded fund, it has no front end or back end load.
The ProShares Ultra MidCap 400 is managed by Michael Neches at ProShare Advisors LLC. This fund is one of 130 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.