MIDU vs. GABC

Last updated Jun 13, 2026

MIDU (Direxion Daily Mid Cap Bull 3X Shares) is Leveraged Equities fund tracking the S&P MidCap 400 Index (300%), while GABC (German American Bancorp, Inc.) is a stock. Over the past 10 years, MIDU returned 12.76%/yr vs 10.48%/yr for GABC. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

MIDU vs. GABC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Mid Cap Bull 3X Shares (MIDU) and German American Bancorp, Inc. (GABC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIDU achieves a 41.54% return, which is significantly higher than GABC's 18.84% return. Over the past 10 years, MIDU has outperformed GABC with an annualized return of 12.76%, while GABC has yielded a comparatively lower 10.48% annualized return.

MIDU

• 1D: 1.98%
• 1M: 10.51%
• YTD: 41.54%
• 6M: 35.51%
• 1Y: 66.94%
• 3Y*: 23.88%
• 5Y*: 2.68%
• 10Y*: 12.76%

GABC

• 1D: 1.37%
• 1M: 8.77%
• YTD: 18.84%
• 6M: 13.82%
• 1Y: 23.12%
• 3Y*: 18.48%
• 5Y*: 5.99%
• 10Y*: 10.48%

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

MIDU vs. GABC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MIDU Direxion Daily Mid Cap Bull 3X Shares	41.54%	-2.75%	20.32%	27.79%	-49.27%	72.89%	-18.31%	77.38%	-39.21%	46.86%
GABC German American Bancorp, Inc.	18.84%	0.34%	27.90%	-10.24%	-1.96%	20.32%	-4.72%	31.11%	-20.02%	2.31%

Correlation

The correlation between MIDU and GABC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 8, 2009	0.57

The correlation between MIDU and GABC shifts across timeframes, from 0.48 (1 year) to 0.59 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

MIDU vs. GABC — Risk / Return Rank

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

MIDU

MIDU Risk / Return Rank: 50
MIDU Sharpe Ratio Rank: 46
MIDU Sortino Ratio Rank: 46
MIDU Omega Ratio Rank: 42
MIDU Calmar Ratio Rank: 59
MIDU Martin Ratio Rank: 56

GABC

GABC Risk / Return Rank: 72
GABC Sharpe Ratio Rank: 74
GABC Sortino Ratio Rank: 69
GABC Omega Ratio Rank: 65
GABC Calmar Ratio Rank: 77
GABC Martin Ratio Rank: 77

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. GABC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Mid Cap Bull 3X Shares (MIDU) and German American Bancorp, Inc. (GABC). 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	GABC	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.01	+0.41
Sortino ratio: Return per unit of downside risk	2.03	1.57	+0.46
Omega ratio: Gain probability vs. loss probability	1.24	1.19	+0.06
Calmar ratio: Return relative to maximum drawdown	2.61	2.05	+0.55
Martin ratio: Return relative to average drawdown	8.65	5.09	+3.56

MIDU vs. GABC - Sharpe Ratio Comparison

The current MIDU Sharpe Ratio is 1.42, which is higher than the GABC Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of MIDU and GABC, 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. GABC - Drawdown Comparison

The maximum MIDU drawdown since its inception was -86.26%, which is greater than GABC's maximum drawdown of -63.37%. Use the drawdown chart below to compare losses from any high point for MIDU and GABC.

Drawdown Indicators

	MIDU	GABC	Difference
Max Drawdown Largest peak-to-trough decline	-86.26%	-63.37%	-22.89%
Max Drawdown (1Y) Largest decline over 1 year	-25.80%	-11.30%	-14.50%
Max Drawdown (3Y) Largest decline over 3 years	-60.41%	-25.32%	-35.09%
Max Drawdown (5Y) Largest decline over 5 years	-64.14%	-38.28%	-25.86%
Max Drawdown (10Y) Largest decline over 10 years	-86.26%	-45.47%	-40.79%
Current Drawdown Current decline from peak	-1.48%	0.00%	-1.48%
Average Drawdown Average peak-to-trough decline	-22.41%	-22.04%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.77%	4.58%	+3.19%

Volatility

MIDU vs. GABC - Volatility Comparison

Direxion Daily Mid Cap Bull 3X Shares (MIDU) has a higher volatility of 15.07% compared to German American Bancorp, Inc. (GABC) at 5.74%. This indicates that MIDU's price experiences larger fluctuations and is considered to be riskier than GABC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIDU	GABC	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.07%	5.74%	+9.33%
Volatility (6M) Calculated over the trailing 6-month period	34.90%	15.91%	+18.99%
Volatility (1Y) Calculated over the trailing 1-year period	47.43%	23.02%	+24.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.59%	26.65%	+32.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.65%	28.87%	+34.78%

Dividends

MIDU vs. GABC - Dividend Comparison

MIDU's dividend yield for the trailing twelve months is around 0.63%, less than GABC's 2.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABC German American Bancorp, Inc.	2.61%	2.96%	2.69%	3.09%	2.47%	2.15%	2.30%	1.91%	2.16%	1.46%	1.37%	2.04%
MIDU Direxion Daily Mid Cap Bull 3X Shares	0.63%	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 GABC in my portfolio?

MIDU and GABC have a correlation of 0.48, 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 GABC?

MIDU has higher volatility (15.07%) compared to GABC (5.74%). In terms of maximum drawdown, MIDU dropped -86.26% vs GABC's -63.37%.

Which has better risk-adjusted returns?

MIDU currently has the higher Sharpe Ratio (1.42 vs 1.01), 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.