MDT vs. METU
MDT (Medtronic plc) is a stock, while METU (Direxion Daily META Bull 2X ETF) is Leveraged Equities fund actively managed by Direxion. Over the past year, MDT returned -5.18% vs -45.28% for METU. At a 0.07 correlation, their price movements are largely independent.
Performance
MDT vs. METU - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -15.83% return, which is significantly higher than METU's -34.42% return.
MDT
- 1D
- -0.16%
- 1M
- 5.32%
- YTD
- -15.83%
- 6M
- -18.44%
- 1Y
- -5.18%
- 3Y*
- 1.02%
- 5Y*
- -5.47%
- 10Y*
- 2.00%
METU
- 1D
- -0.71%
- 1M
- -16.47%
- YTD
- -34.42%
- 6M
- -31.54%
- 1Y
- -45.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MDT vs. METU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MDT Medtronic plc | -15.83% | 24.05% | -1.61% |
METU Direxion Daily META Bull 2X ETF | -34.42% | -1.01% | 28.79% |
Correlation
The correlation between MDT and METU is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024 | 0.07 |
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Return for Risk
MDT vs. METU — Risk / Return Rank
MDT
METU
MDT vs. METU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) and Direxion Daily META Bull 2X ETF (METU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MDT | METU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.90 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.77 | +0.54 |
| Martin ratioReturn relative to average drawdown | -0.56 | -1.36 | +0.80 |
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Drawdowns
MDT vs. METU - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, smaller than the maximum METU drawdown of -61.85%. Use the drawdown chart below to compare losses from any high point for MDT and METU.
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Drawdown Indicators
| MDT | METU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -61.85% | +4.22% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -61.52% | +32.62% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | — | — |
Current DrawdownCurrent decline from peak | -31.23% | -58.08% | +26.85% |
Average DrawdownAverage peak-to-trough decline | -16.55% | -23.93% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 34.46% | -22.94% |
Volatility
MDT vs. METU - Volatility Comparison
The current volatility for Medtronic plc (MDT) is 9.32%, while Direxion Daily META Bull 2X ETF (METU) has a volatility of 20.46%. This indicates that MDT experiences smaller price fluctuations and is considered to be less risky than METU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDT | METU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 20.46% | -11.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 54.04% | -37.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.07% | 70.96% | -49.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.93% | 72.35% | -50.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 72.35% | -49.10% |
Dividends
MDT vs. METU - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.54%, less than METU's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | 3.54% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
METU Direxion Daily META Bull 2X ETF | 4.71% | 3.00% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MDT and METU have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
METU has higher volatility (20.46%) compared to MDT (9.32%). In terms of maximum drawdown, MDT dropped -57.63% vs METU's -61.85%.
MDT currently has the higher Sharpe Ratio (-0.31 vs -0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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