MIDU vs. GDXU
Compare and contrast key facts about Direxion Daily Mid Cap Bull 3X Shares (MIDU) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU).
MIDU and GDXU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MIDU is a passively managed fund by Direxion that tracks the performance of the S&P MidCap 400 Index (300%). It was launched on Jan 8, 2009. GDXU is a passively managed fund by BMO that tracks the performance of the S-Network MicroSectors Gold Miners Index. It was launched on Dec 2, 2020. Both MIDU and GDXU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MIDU vs. GDXU - Performance Comparison
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MIDU vs. GDXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MIDU Direxion Daily Mid Cap Bull 3X Shares | 5.27% | -2.75% | 20.32% | 27.79% | -49.27% | 72.89% | 14.69% |
GDXU MicroSectors Gold Miners 3X Leveraged ETN | -6.09% | 796.47% | -18.60% | -21.36% | -62.82% | -54.93% | 4.66% |
Returns By Period
In the year-to-date period, MIDU achieves a 5.27% return, which is significantly higher than GDXU's -6.09% return.
MIDU
- 1D
- 2.70%
- 1M
- -16.95%
- YTD
- 5.27%
- 6M
- 4.71%
- 1Y
- 28.24%
- 3Y*
- 14.30%
- 5Y*
- -1.16%
- 10Y*
- 9.95%
GDXU
- 1D
- 13.62%
- 1M
- -51.51%
- YTD
- -6.09%
- 6M
- 8.92%
- 1Y
- 287.76%
- 3Y*
- 63.33%
- 5Y*
- 6.19%
- 10Y*
- —
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MIDU vs. GDXU - Expense Ratio Comparison
MIDU has a 1.06% expense ratio, which is higher than GDXU's 0.95% expense ratio.
Return for Risk
MIDU vs. GDXU — Risk / Return Rank
MIDU
GDXU
MIDU vs. GDXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Mid Cap Bull 3X Shares (MIDU) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU). 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.
| MIDU | GDXU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 2.07 | -1.63 |
Sortino ratioReturn per unit of downside risk | 1.06 | 2.39 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.35 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 3.87 | -3.07 |
Martin ratioReturn relative to average drawdown | 2.87 | 10.85 | -7.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MIDU | GDXU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 2.07 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.06 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | -0.01 | +0.33 |
Correlation
The correlation between MIDU and GDXU is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MIDU vs. GDXU - Dividend Comparison
MIDU's dividend yield for the trailing twelve months is around 0.84%, while GDXU has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MIDU Direxion Daily Mid Cap Bull 3X Shares | 0.84% | 1.04% | 1.10% | 1.43% | 0.11% | 0.00% | 0.06% | 0.71% | 0.70% | 2.67% | 1.89% |
GDXU MicroSectors Gold Miners 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MIDU vs. GDXU - Drawdown Comparison
The maximum MIDU drawdown since its inception was -86.26%, smaller than the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for MIDU and GDXU.
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Drawdown Indicators
| MIDU | GDXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.26% | -94.39% | +8.13% |
Max Drawdown (1Y)Largest decline over 1 year | -38.35% | -73.16% | +34.81% |
Max Drawdown (5Y)Largest decline over 5 years | -64.14% | -93.34% | +29.20% |
Max Drawdown (10Y)Largest decline over 10 years | -86.26% | — | — |
Current DrawdownCurrent decline from peak | -26.73% | -56.42% | +29.69% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -69.97% | +47.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.64% | 26.08% | -15.44% |
Volatility
MIDU vs. GDXU - Volatility Comparison
The current volatility for Direxion Daily Mid Cap Bull 3X Shares (MIDU) is 19.30%, while MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a volatility of 53.09%. This indicates that MIDU experiences smaller price fluctuations and is considered to be less risky than GDXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIDU | GDXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.30% | 53.09% | -33.79% |
Volatility (6M)Calculated over the trailing 6-month period | 35.70% | 122.23% | -86.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.21% | 140.32% | -75.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.47% | 109.02% | -49.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.54% | 109.02% | -45.48% |