MYY
ProShares Short MidCap400
📎 Investment Objective
The MYY ETF seeks to provide investment results that correspond to the inverse (-1x) of the daily performance of the S&P MidCap 400 Index.
Overview
ETF tracking ProShares Short MidCap400
Performance
Price Chart
Investment Summary
📎 Investment Objective
The MYY ETF seeks to provide investment results that correspond to the inverse (-1x) of the daily performance of the S&P MidCap 400 Index.
🎯 Investment Strategy
The fund uses short positions and derivatives to track the inverse of the benchmark index. This strategy aims to generate gains when the underlying index declines in value.
✨ Key Features
- Inverse exposure to the S&P MidCap 400 Index, providing potential gains when the index falls
- No leverage, seeking 1-to-1 inverse correlation to the index performance
- Highly liquid and traded on major exchanges
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Inverse performance risk - the fund's returns will be the opposite of the index, amplifying losses when the index rises
- Tracking error risk - the fund may not perfectly match the inverse index performance due to fees and other factors
- Volatility risk - the fund's value can fluctuate significantly, especially in volatile markets
- Counterparty risk - the fund relies on derivative contracts which carry the risk of the counterparty defaulting
👤 Best For
The MYY ETF is best suited for experienced investors seeking short-term hedging or speculative exposure to the mid-cap equity market. It should be used cautiously and as part of a diversified portfolio, as the inverse nature amplifies both gains and losses.