SMDDProShares UltraPro Short MidCap400
Seeks daily investment results of -300% of the daily performance of the S&P MidCap 400 Index.
By ProShares · Launched 2010
0.95%
#4,684 of 5,562 · expensive
$2M
#5,332 of 5,562 · small
-52.1%
16 years
#752 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 89.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results of -300% of the daily performance of the S&P MidCap 400 Index.
- Strategy
- Invests primarily in financial instruments to achieve -3x daily exposure to the S&P MidCap 400 Index. Uses derivatives like swap agreements and futures contracts, rebalancing daily to maintain target exposure.
- Inception date
- February 9, 2010
- Fund family
- ProShares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Inverse ETF — daily tool only
Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.
Source: Cheng & Madhavan (2009)
Why we flagged this: strategy=inverse + inverse_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
What's next?
You've reviewed SMDD. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19