MIDU vs. AMAGX

Last updated Jun 23, 2026

MIDU (Direxion Daily Mid Cap Bull 3X Shares) and AMAGX (Amana Growth Fund Investor Shares) are both funds - MIDU is a Leveraged Equities fund tracking the S&P MidCap 400 Index (300%), while AMAGX is a Large Cap Growth Equities fund actively managed by Amana. MIDU is passively managed, while AMAGX is actively managed. Over the past 10 years, MIDU returned 13.35%/yr vs 17.59%/yr for AMAGX. Their correlation of 0.83 suggests significant overlap in exposure. MIDU charges 1.06%/yr vs 0.86%/yr for AMAGX.

Performance

MIDU vs. AMAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Mid Cap Bull 3X Shares (MIDU) and Amana Growth Fund Investor Shares (AMAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIDU achieves a 42.23% return, which is significantly higher than AMAGX's 14.81% return. Over the past 10 years, MIDU has underperformed AMAGX with an annualized return of 13.35%, while AMAGX has yielded a comparatively higher 17.59% annualized return.

MIDU

• 1D: 1.17%
• 1M: 10.15%
• YTD: 42.23%
• 6M: 33.14%
• 1Y: 73.64%
• 3Y*: 27.63%
• 5Y*: 4.54%
• 10Y*: 13.35%

AMAGX

• 1D: 1.65%
• 1M: 1.18%
• YTD: 14.81%
• 6M: 15.02%
• 1Y: 34.39%
• 3Y*: 19.60%
• 5Y*: 13.63%
• 10Y*: 17.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MIDU vs. AMAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MIDU Direxion Daily Mid Cap Bull 3X Shares	42.23%	-2.75%	20.32%	27.79%	-49.27%	72.89%	-18.31%	77.38%	-39.21%	46.86%
AMAGX Amana Growth Fund Investor Shares	14.81%	17.62%	15.73%	25.67%	-19.49%	31.51%	32.93%	33.09%	2.47%	28.91%

Correlation

The correlation between MIDU and AMAGX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jan 8, 2009	0.83

The correlation between MIDU and AMAGX shifts across timeframes, from 0.66 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MIDU vs. AMAGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIDU

MIDU Risk / Return Rank: 49
MIDU Sharpe Ratio Rank: 46
MIDU Sortino Ratio Rank: 44
MIDU Omega Ratio Rank: 41
MIDU Calmar Ratio Rank: 60
MIDU Martin Ratio Rank: 56

AMAGX

AMAGX Risk / Return Rank: 59
AMAGX Sharpe Ratio Rank: 55
AMAGX Sortino Ratio Rank: 50
AMAGX Omega Ratio Rank: 49
AMAGX Calmar Ratio Rank: 69
AMAGX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MIDU vs. AMAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Mid Cap Bull 3X Shares (MIDU) and Amana Growth Fund Investor Shares (AMAGX). 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.

	MIDU	AMAGX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.00	-0.44
Sortino ratio: Return per unit of downside risk	2.17	2.74	-0.57
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	2.87	3.07	-0.20
Martin ratio: Return relative to average drawdown	9.51	13.16	-3.64

MIDU vs. AMAGX - Sharpe Ratio Comparison

The current MIDU Sharpe Ratio is 1.57, which is comparable to the AMAGX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of MIDU and AMAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MIDU vs. AMAGX - Drawdown Comparison

The maximum MIDU drawdown since its inception was -86.26%, which is greater than AMAGX's maximum drawdown of -57.64%. Use the drawdown chart below to compare losses from any high point for MIDU and AMAGX.

Drawdown Indicators

	MIDU	AMAGX	Difference
Max Drawdown Largest peak-to-trough decline	-86.26%	-57.64%	-28.62%
Max Drawdown (1Y) Largest decline over 1 year	-25.80%	-11.04%	-14.76%
Max Drawdown (3Y) Largest decline over 3 years	-60.41%	-21.45%	-38.96%
Max Drawdown (5Y) Largest decline over 5 years	-64.14%	-28.09%	-36.05%
Max Drawdown (10Y) Largest decline over 10 years	-86.26%	-28.09%	-58.17%
Current Drawdown Current decline from peak	-1.00%	-2.21%	+1.21%
Average Drawdown Average peak-to-trough decline	-22.38%	-10.26%	-12.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.76%	2.57%	+5.19%

Volatility

MIDU vs. AMAGX - Volatility Comparison

Direxion Daily Mid Cap Bull 3X Shares (MIDU) has a higher volatility of 13.42% compared to Amana Growth Fund Investor Shares (AMAGX) at 6.35%. This indicates that MIDU's price experiences larger fluctuations and is considered to be riskier than AMAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIDU	AMAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.42%	6.35%	+7.07%
Volatility (6M) Calculated over the trailing 6-month period	34.76%	13.88%	+20.88%
Volatility (1Y) Calculated over the trailing 1-year period	47.36%	16.90%	+30.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.48%	18.55%	+40.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.68%	18.50%	+45.18%

MIDU vs. AMAGX - Expense Ratio Comparison

MIDU has a 1.06% expense ratio, which is higher than AMAGX's 0.86% expense ratio.

Dividends

MIDU vs. AMAGX - Dividend Comparison

MIDU's dividend yield for the trailing twelve months is around 0.62%, while AMAGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMAGX Amana Growth Fund Investor Shares	0.00%	0.00%	3.95%	0.65%	3.64%	0.52%	5.44%	3.15%	3.47%	10.90%	13.67%	7.45%
MIDU Direxion Daily Mid Cap Bull 3X Shares	0.62%	1.04%	1.10%	1.43%	0.11%	0.00%	0.06%	0.71%	0.70%	2.67%	1.89%	0.00%

Frequently Asked Questions

Can I hold both MIDU and AMAGX in my portfolio?

MIDU and AMAGX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIDU or AMAGX?

MIDU has higher volatility (13.42%) compared to AMAGX (6.35%). In terms of maximum drawdown, MIDU dropped -86.26% vs AMAGX's -57.64%.

Which has better risk-adjusted returns?

AMAGX currently has the higher Sharpe Ratio (2.00 vs 1.57), 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.