SMDD Performance — ProShares UltraPro Short MidCap400
Data updated: 2026-08-14
SMDD returned −31.99% year to date and −49.48% over one year to May 2026. Annualised returns are −40.32% over 3 years and −29.35% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $21, against $173 for the category, and to $51 over one year, against $137. Volatility over the past three years was 47.62% a year. In the 12 months to May 2026 the fund took in a net $579K, and assets reached $2.10M.
SMDD Growth of $100
What $100 invested in ProShares UltraPro Short MidCap400 grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | SMDD | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $51 | $137 |
| 3 years (Jun 2023 – May 2026) | $21 | $173 |
| 5 years (Jun 2021 – May 2026) | $18 | $155 |
| Since data start (Sep 2019 – May 2026) | $2 | $181 |
SMDD Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −31.99% |
| 1 year | −49.48% |
| 3 years (annualised) | −40.32% |
| 5 years (annualised) | −29.35% |
SMDD Annual Returns
Calendar-year total returns of ProShares UltraPro Short MidCap400, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | −31.99% |
| 2025 | −27.31% |
| 2024 | −31.23% |
| 2023 | −38.21% |
| 2022 | +7.35% |
| 2021 | −58.08% |
| 2020 | −74.68% |
| 2019 (Sep–Dec) | −26.14% |
SMDD Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −11.0% | −11.5% | +16.5% | −20.3% | −7.0% | — | — | — | — | — | — | — |
| 2025 | −10.2% | +14.7% | +17.1% | −4.4% | −15.2% | −9.4% | −4.3% | −9.5% | −0.7% | +1.3% | −6.2% | +0.4% |
| 2024 | +5.5% | −16.0% | −14.8% | +20.7% | −11.5% | +5.7% | −15.8% | −0.5% | −3.1% | +3.0% | −22.8% | +25.1% |
| 2023 | −23.7% | +5.7% | +8.1% | +2.7% | +10.4% | −23.4% | −11.0% | +10.0% | +17.9% | +17.5% | −22.1% | −22.7% |
| 2022 | +22.3% | −5.6% | −7.7% | +21.6% | −7.1% | +29.0% | −27.9% | +8.2% | +30.0% | −28.6% | −19.0% | +17.9% |
| 2021 | −6.7% | −19.5% | −15.8% | −13.3% | −2.1% | +1.9% | −2.8% | −6.5% | +11.6% | −16.6% | +7.7% | −15.9% |
| 2020 | +8.0% | +31.5% | +15.1% | −42.5% | −24.9% | −10.4% | −14.5% | −10.5% | +7.3% | −8.3% | −35.0% | −18.2% |
| 2019 | — | — | — | — | — | — | — | — | −8.9% | −3.8% | −8.5% | −7.9% |
SMDD Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 47.62%
- 3-year Sharpe ratio: -0.94 (vs 4.5% risk-free rate)
- Best month: +25.13% (Dec 2024)
- Worst month: −23.38% (Jun 2023)
SMDD Fund Flows
Monthly money in and out of ProShares UltraPro Short MidCap400, from SEC Form N-PORT.
- 12-month net flow: $579K
- 12-month gross sales (incl. reinvestments): $2.1M
- Sales ÷ redemptions: 1.39×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $360K | $0 | $360K |
| Apr 2026 | $91K | $199K | −$109K |
| Mar 2026 | $921K | $578K | $343K |
| Feb 2026 | $195K | $291K | −$96K |
| Jan 2026 | $107K | $0 | $107K |
| Dec 2025 | $0 | $0 | $0 |
| Nov 2025 | $141K | $275K | −$134K |
| Oct 2025 | $126K | $0 | $126K |
| Sep 2025 | $131K | $0 | $131K |
| Aug 2025 | $0 | $150K | −$150K |
| Jul 2025 | $0 | $0 | $0 |
| Jun 2025 | $0 | $439 | −$439 |
SMDD Assets Under Management
Net assets of ProShares UltraPro Short MidCap400 by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.10M |
| 2026-02-28 | $1.86M |
| 2025-11-30 | $2.37M |
| 2025-08-31 | $2.42M |
| 2025-05-31 | $3.29M |
| 2025-02-28 | $3.30M |
| 2024-11-30 | $3.04M |
| 2024-08-31 | $3.04M |
| 2024-05-31 | $3.67M |
| 2024-02-29 | $3.09M |
| 2023-11-30 | $4.40M |
| 2023-08-31 | $5.59M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.