ProShares Ultra MidCap400 (MVV) Performance
MVV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.8% since Dec 31, 2025
- 1 year
- +15.5% total return
- 5 years
- +3.7% a year
- 10 years
- +12.2% a year
- Since first price
- +10.7% a year since 2006
MVV trailing returns vs SPY, QQQ, AGG
| Period | MVV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.4% | −2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −8.8% | −8.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.2% | −3.4% | +7.8% | +8.4% | −1.5% |
| YTD | +14.8% | +14.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.5% | +14.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +90.4%+23.9%/yr | +86.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +20.1%+3.7%/yr | +16.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +217.5%+12.2%/yr | +199.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +845.2%+16.2%/yr | +785.6% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +627.3%+10.4%/yr | +503.6% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJun 21, 2006 | +696.7%+10.7%/yr | +561.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MVV vs SPY
From Jun 21, 2006: MVV grew to $79,667, SPY to $88,014.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MVV returns by calendar year
14 of 19 full years positive. Best 2013 (+71.4%), worst 2008 (−67.8%). 2026 is year to date.
MVV annual returns table
| Year | MVV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.8% | −17.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +3.5% | −40.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.7% | −16.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +22.5% | −30.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −32.0% | −43.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +48.6% | −16.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +6.2% | −69.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +49.5% | −16.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −25.4% | −42.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +30.8% | −11.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +39.9% | −19.8% | +12.0% | +7.1% | +2.4% |
| 2015 | −7.6% | −24.3% | +1.2% | +9.4% | +0.5% |
| 2014 | +16.0% | −20.8% | +13.5% | +19.2% | +6.0% |
| 2013 | +71.4% | −14.2% | +32.3% | +36.6% | −2.0% |
| 2012 | +33.8% | −21.9% | +16.0% | +18.1% | +3.8% |
| 2011 | −13.1% | −48.4% | +1.9% | +3.4% | +7.7% |
| 2010 | +52.9% | −33.2% | +15.1% | +19.9% | +6.4% |
| 2009 | +68.1% | −49.4% | +26.4% | +54.7% | +3.0% |
| 2008 | −67.8% | −81.2% | −36.8% | −41.7% | +7.9% |
| 2007 | +5.0% | −24.5% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MVV largest drawdowns
Now 15.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2007 | −85.5% | Mar 9, 2009 | Apr 30, 2013 | 1.8 years | 5.9 years |
| Feb 20, 2020 | −69.2% | Mar 23, 2020 | Dec 15, 2020 | 32 days | 10 months |
| Nov 16, 2021 | −45.5% | Sep 30, 2022 | Nov 6, 2024 | 10 months | 3.0 years |
| Nov 25, 2024 | −44.8% | Apr 8, 2025 | Feb 6, 2026 | 4 months | 1.2 years |
| Aug 29, 2018 | −42.3% | Dec 24, 2018 | Jan 16, 2020 | 4 months | 1.4 years |
| Jun 23, 2015 | −36.8% | Feb 11, 2016 | Jul 29, 2016 | 8 months | 1.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MVV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +19.0% | +6.0% | +11.8% | +10.4% |
| Volatility (annualized) | 31.4% | 36.7% | 37.6% | 36.6% |
| Sharpe ratio | 0.57 | 0.24 | 0.43 | 0.43 |
| Sortino ratio | 0.93 | 0.37 | 0.64 | 0.62 |
| Best month | +17.3% | +22.4% | +30.0% | +30.3% |
| Worst month | −14.7% | −19.3% | −42.7% | −42.7% |
| Best 12 months | +61.6% | +61.6% | +205.4% | +205.4% |
| Worst 12 months | −14.1% | −34.0% | −48.8% | −73.8% |
| Positive months | 56% | 52% | 61% | 61% |
| Beta vs S&P 500 | 2.01 | 2.03 | 2.20 | — |
| Correlation with S&P 500 | 0.80 | 0.87 | 0.90 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MVV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 233 | −73.8% | +17.7% | +205.4% | 65% |
| 3-year (a year) | 209 | −26.6% | +15.4% | +58.8% | 84% |
| 5-year (a year) | 185 | −8.0% | +13.2% | +50.5% | 90% |
| 10-year (a year) | 125 | +8.1% | +13.6% | +30.4% | 100% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
MVV performance overview
ProShares Ultra MidCap400 (MVV) returned +15.5% over the past year and +12.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +10.7% a year, turning $10,000 into about $79,667. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −85.5%, from Jun 4, 2007 to Mar 9, 2009, and it took 4.1 years to get back to the old high. MVV finished 14 of its 19 full calendar years with a gain; the best year was 2013 (+71.4%) and the worst 2008 (−67.8%). Volatility has been 36.6% a year.
Related: MVV chart, MVV holdings, MVV dividends, MVV valuation. See the MVV overview for the latest quote and fund facts.
MVV performance FAQ
What is the MVV return over the past year?
MVV returned +15.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.7%.
What is the average annual return of MVV?
MVV has returned +3.7% a year over 5 years, +12.2% a year over 10 years, +10.7% a year since June 21, 2006 (total return, distributions reinvested).
How much would $10,000 invested in MVV be worth?
$10,000 invested in MVV at its first recorded close on June 21, 2006 would be worth about $79,667 on October 23, 2026 with distributions reinvested.
What was the worst year for MVV?
The worst calendar year was 2008, with a total return of −67.8%. The best was 2013 at +71.4%.
What is the biggest drawdown of MVV?
The largest peak-to-trough decline was −85.5% between June 4, 2007 and March 9, 2009. It recovered to the old high on April 30, 2013, 4.1 years after the bottom.
How volatile is MVV?
Over the past 3 years MVV had an annualized volatility of 31.4% and a Sharpe ratio of 0.57 (excess return over 1–3 month T-bills per unit of risk).