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ETFs

ProShares UltraPro Short MidCap400

SMDD
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Feb 9, 2010
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$108,703
AUM
$6,600,872
Associated Index
S&P Midcap 400 Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
Derivatives offset
299.92%
—
Net Other Assets (Liabilities)
100%
Invest with SMDD
Trade SMDD Options

What is SMDD?

ProShares UltraPro Short MidCap400 seeks daily investment results before fees and expenses that correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index.

1M
3M
6M
YTD
1Y
3Y
Max
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SMDD
Performance Measures**

for the time period Feb 11, 2010 to Dec 12, 2025

Returns

1M Trailing Return: -7.2%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -6.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -99.8%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 50.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.49

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.32

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSMDD

ETFs correlated to SMDD include TZA, RWM, TWM

SMDD
ProShares Trust - ProShares UltraPro Short MidCap400 -3x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x Shares
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toSMDD

3x Melting Pot

Category

Leveraged ETFs, Mean reversion, Daily rebalance, Long/short, Multi-asset, 3x, Buy-the-dip

OOS Cumulative Return

62.32%

FTLT Portfolio

Category

Tactical allocation, trend-following, RSI/momentum, moving averages, long/short, leveraged ETFs, volatility hedge

OOS Cumulative Return

35.93%

Create your own algorithmic trading strategy with SMDD using Composer

FAQ

SMDD is a US Equities ETF. ProShares UltraPro Short MidCap400 seeks daily investment results before fees and expenses that correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index.

SMDD tracks the S&P Midcap 400 Index.

No, SMDD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SMDD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SMDD is 0.0718%. This is the percent change in the value of SMDD over the most recent 1-month period. The 3-month return on SMDD is 0.0322%. This is the percent change in the value of SMDD over the most recent 3-month period.

The standard deviation of SMDD for the past year is 0.5959%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SMDD include MYY, MVV, and MZZ.

ETFs correlated to SMDD include TZA, RWM, and TWM.

ETFs that are inversely correlated to SMDD include MIDU, IJH, and IVOO.

Yes, SMDD is a Inverse (-3x) ETF: This means that SMDD will try to match the performance of S&P Midcap 400 Index, but with 3x the returns.

Yes, SMDD is a Inverse (-3x) leveraged ETF: This means that SMDD will try to match the performance of S&P Midcap 400 Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.