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Beacon

MVVProShares Ultra MidCap400

Take a bet20y track recordRanked #230 of 775 in this goal

Seeks daily investment results of 200% of the daily performance of the S&P MidCap 400 Index.

By ProShares · Launched 2006

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$160M

#2,497 of 5,562 · mid-size

Return (1Y)Goal

+49.4%

Track Record

20 years

#326 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$14,074+40.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

S&P MidCap 400 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 9.2% of fund✓ well diversified

Repurchase Agreement
1.7%
Repurchase Agreement
1.2%
N/A
1.1%
Repurchase Agreement
1.0%
Comfort Systems USA, Inc.
0.9%
Ciena Corp.
0.7%
Pure Storage, Inc.
0.7%
Coherent Corp.
0.7%
Lumentum Holdings, Inc.
0.6%
Flex Ltd.
0.6%

Asset allocation

Stocks
84.0%
Cash
12.4%
Other
3.6%

By sector

Industrials
24.8%
Technology
17.8%
Financial Services
13.7%
Consumer Cyclical
10.5%
Healthcare
9.1%
Real Estate
7.3%
Energy
4.9%
Basic Materials
4.8%
Other
7.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
31.8%High

Year-on-year price swings

Max drawdown
-69.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.59Decent risk-adjusted returns
Sortino (3Y)
0.88Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of the S&P MidCap 400 Index.
Strategy
Invests primarily in financial instruments to achieve 2x daily exposure to the S&P MidCap 400 Index. Rebalances daily to maintain this exposure.
Inception date
June 19, 2006
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19