ProShares Ultra Russell2000 Value (UVT) is my worst-rated small-cap value ETF and ProFunds: Mid-Cap Value ProFund (MLPSX) is my worst-rated small-cap value mutual fund.
Through a spokesman, ProShares managing director Steve Cohen says he believes ProFunds investors think it's worth paying a high expense ratio for the ability to move in and out of the fund without restrictions or transaction fees.