MYY vs MZZ
ProShares Short MidCap400 vs ProShares UltraShort MidCap 400
Which is better, MYY or MZZ?
MYY has been ahead.
MYY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MYY | MZZ |
|---|---|---|
| Expense Ratio | 0.95%Tie | 0.95%Tie |
| AUM | $3M | $5M |
| Dividend Yield | 4.27% | 5.56% |
| Holdings | 10 | 4 |
| YTD Return | -6.94%Best | -16.11% |
| 1Y Return | -8.92%Best | -20.59% |
| 3Y Return (annualized) | -9.94%Best | -22.70% |
| 5Y Return (annualized) | -5.61%Best | -15.68% |
| Volatility (annualized) | 18.0%Best | 34.9% |
| Max Drawdown | -96.0% | - |
| $10,000 over 5 years | $7,493Best | $4,262 |
| Fund Family | ProShares | ProShares |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Jun 19, 2006 | Jul 11, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 12, 2006 to Oct 9, 2026 (20.2 years).
MYY vs MZZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 20.2 years both funds cover.
MYY vs MZZ Performance
ProShares Short MidCap400 (MYY) is an ETF from ProShares and ProShares UltraShort MidCap 400 (MZZ) is an ETF from ProShares. Over the past year MYY returned -8.92% while MZZ returned -20.59%. Year to date, MYY is down 6.94% versus a loss of 16.11% for MZZ.
Over three years, MYY compounded at -9.94% per year against -22.70% for MZZ; over five years the annualized figures are -5.61% and -15.68% respectively. Across the full 20-year window we track, MYY has the edge at -12.54% annualized vs -30.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MZZ has been the more volatile fund, with annualized monthly volatility of 34.9% compared with 18.0% for MYY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MYY charges 0.95% per year while MZZ charges 0.95%. On a $10,000 position that is $95 vs $95 annually. On income, MYY currently yields 4.27% against 5.56% for MZZ.
You are not choosing between two funds in isolation.
Whichever of MYY and MZZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MYY or MZZ?
MYY has an expense ratio of 0.95% while MZZ charges 0.95%. At the precision these are quoted to, they cost the same.
Which performed better, MYY or MZZ?
Over the past year MYY returned -8.92% vs -20.59% for MZZ, so MYY leads on 1-year performance. Over the longest common window we track (20 years), MYY annualized -12.54% vs -30.46% for MZZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MYY or MZZ?
MZZ has been the more volatile fund at 34.9% annualized versus 18.0% for MYY.
Should I hold both MYY and MZZ?
MYY and MZZ have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, MYY or MZZ?
MYY yields 4.27% while MZZ yields 5.56%, so MZZ currently pays the higher dividend yield.
Is MZZ better than MYY?
MYY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.