MIDU vs. IFED
MIDU (Direxion Daily Mid Cap Bull 3X Shares) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - MIDU tracks the S&P MidCap 400 Index (300%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, MIDU returned 27.09%/yr vs 15.90%/yr for IFED. Their correlation of 0.81 suggests significant overlap in exposure. MIDU charges 1.06%/yr vs 0.45%/yr for IFED.
Performance
MIDU vs. IFED - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MIDU achieves a 40.42% return, which is significantly higher than IFED's -4.64% return.
MIDU
- 1D
- 1.83%
- 1M
- 8.75%
- YTD
- 40.42%
- 6M
- 32.02%
- 1Y
- 62.10%
- 3Y*
- 27.09%
- 5Y*
- 3.13%
- 10Y*
- 13.20%
IFED
- 1D
- -1.62%
- 1M
- 0.81%
- YTD
- -4.64%
- 6M
- -5.76%
- 1Y
- -0.20%
- 3Y*
- 15.90%
- 5Y*
- —
- 10Y*
- —
MIDU vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MIDU Direxion Daily Mid Cap Bull 3X Shares | 40.42% | -2.75% | 20.32% | 27.79% | -49.27% | 17.60% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -4.64% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between MIDU and IFED is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.81 |
The correlation between MIDU and IFED shifts across timeframes, from 0.62 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MIDU vs. IFED — Risk / Return Rank
MIDU
IFED
MIDU vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Mid Cap Bull 3X Shares (MIDU) and ETRACS IFED Invest with the Fed TR Index ETN (IFED). 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 | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.01 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | -0.01 | +2.43 |
| Martin ratioReturn relative to average drawdown | 8.02 | -0.03 | +8.05 |
Loading charts...
Drawdowns
MIDU vs. IFED - Drawdown Comparison
The maximum MIDU drawdown since its inception was -86.26%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for MIDU and IFED.
Loading charts...
Drawdown Indicators
| MIDU | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.26% | -22.36% | -63.90% |
Max Drawdown (1Y)Largest decline over 1 year | -25.80% | -14.65% | -11.15% |
Max Drawdown (3Y)Largest decline over 3 years | -60.41% | -22.36% | -38.05% |
Max Drawdown (5Y)Largest decline over 5 years | -64.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.26% | — | — |
Current DrawdownCurrent decline from peak | -2.26% | -6.60% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -22.37% | -5.83% | -16.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.77% | 5.90% | +1.87% |
Volatility
MIDU vs. IFED - Volatility Comparison
Direxion Daily Mid Cap Bull 3X Shares (MIDU) has a higher volatility of 13.87% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 6.86%. This indicates that MIDU's price experiences larger fluctuations and is considered to be riskier than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MIDU | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.87% | 6.86% | +7.01% |
Volatility (6M)Calculated over the trailing 6-month period | 34.88% | 13.89% | +20.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.33% | 16.90% | +30.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.49% | 19.92% | +39.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.56% | 19.92% | +43.64% |
MIDU vs. IFED - Expense Ratio Comparison
MIDU has a 1.06% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
MIDU vs. IFED - Dividend Comparison
MIDU's dividend yield for the trailing twelve months is around 0.50%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IFED ETRACS IFED Invest with the Fed TR Index ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MIDU Direxion Daily Mid Cap Bull 3X Shares | 0.50% | 1.04% | 1.10% | 1.43% | 0.11% | 0.00% | 0.06% | 0.71% | 0.70% | 2.67% | 1.89% |
Frequently Asked Questions
MIDU and IFED have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIDU has higher volatility (13.87%) compared to IFED (6.86%). In terms of maximum drawdown, MIDU dropped -86.26% vs IFED's -22.36%.
On 3-year performance, MIDU leads with 27.09% vs 15.90% for IFED. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 6.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MIDU has performed better with a 27.09% return vs 15.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFED is cheaper with a 0.45% expense ratio, compared with 1.06% for MIDU.
MIDU has the higher dividend yield at 0.50%, compared with 0.00% for IFED.
MIDU tracks S&P MidCap 400 Index (300%), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Direxion and UBS. Their fees differ too: 1.06% for MIDU and 0.45% for IFED.
MIDU currently has the higher Sharpe Ratio (1.32 vs -0.01), 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.
Find the right allocation for MIDU and IFED
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer