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MIDU vs. KRE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MIDU and KRE is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

MIDU vs. KRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Mid Cap Bull 3X Shares (MIDU) and SPDR S&P Regional Banking ETF (KRE). The values are adjusted to include any dividend payments, if applicable.

0.00%500.00%1,000.00%1,500.00%2,000.00%2,500.00%3,000.00%JulyAugustSeptemberOctoberNovemberDecember
2,175.04%
223.78%
MIDU
KRE

Key characteristics

Sharpe Ratio

MIDU:

0.55

KRE:

0.70

Sortino Ratio

MIDU:

1.05

KRE:

1.25

Omega Ratio

MIDU:

1.13

KRE:

1.15

Calmar Ratio

MIDU:

0.56

KRE:

0.55

Martin Ratio

MIDU:

2.63

KRE:

2.93

Ulcer Index

MIDU:

9.96%

KRE:

7.09%

Daily Std Dev

MIDU:

47.69%

KRE:

29.52%

Max Drawdown

MIDU:

-86.26%

KRE:

-68.54%

Current Drawdown

MIDU:

-28.02%

KRE:

-16.25%

Returns By Period

In the year-to-date period, MIDU achieves a 21.00% return, which is significantly higher than KRE's 18.68% return. Over the past 10 years, MIDU has outperformed KRE with an annualized return of 8.83%, while KRE has yielded a comparatively lower 6.55% annualized return.


MIDU

YTD

21.00%

1M

-11.03%

6M

11.02%

1Y

21.52%

5Y*

2.04%

10Y*

8.83%

KRE

YTD

18.68%

1M

-6.68%

6M

31.31%

1Y

19.47%

5Y*

3.61%

10Y*

6.55%

Compare stocks, funds, or ETFs

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MIDU vs. KRE - Expense Ratio Comparison

MIDU has a 1.06% expense ratio, which is higher than KRE's 0.35% expense ratio.


MIDU
Direxion Daily Mid Cap Bull 3X Shares
Expense ratio chart for MIDU: current value at 1.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.06%
Expense ratio chart for KRE: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

MIDU vs. KRE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Mid Cap Bull 3X Shares (MIDU) and SPDR S&P Regional Banking ETF (KRE). 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.


Sharpe ratio
The chart of Sharpe ratio for MIDU, currently valued at 0.55, compared to the broader market0.002.004.000.550.70
The chart of Sortino ratio for MIDU, currently valued at 1.05, compared to the broader market-2.000.002.004.006.008.0010.001.051.25
The chart of Omega ratio for MIDU, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.001.131.15
The chart of Calmar ratio for MIDU, currently valued at 0.56, compared to the broader market0.005.0010.0015.000.560.55
The chart of Martin ratio for MIDU, currently valued at 2.63, compared to the broader market0.0020.0040.0060.0080.00100.002.632.93
MIDU
KRE

The current MIDU Sharpe Ratio is 0.55, which is comparable to the KRE Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of MIDU and KRE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.55
0.70
MIDU
KRE

Dividends

MIDU vs. KRE - Dividend Comparison

MIDU's dividend yield for the trailing twelve months is around 0.84%, less than KRE's 1.90% yield.


TTM20232022202120202019201820172016201520142013
MIDU
Direxion Daily Mid Cap Bull 3X Shares
0.84%1.43%0.11%0.00%0.05%0.71%0.70%2.67%1.89%0.00%0.00%3.91%
KRE
SPDR S&P Regional Banking ETF
1.90%2.99%2.51%1.97%2.78%2.21%2.25%1.40%1.39%1.80%1.60%1.37%

Drawdowns

MIDU vs. KRE - Drawdown Comparison

The maximum MIDU drawdown since its inception was -86.26%, which is greater than KRE's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for MIDU and KRE. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%JulyAugustSeptemberOctoberNovemberDecember
-28.02%
-16.25%
MIDU
KRE

Volatility

MIDU vs. KRE - Volatility Comparison

Direxion Daily Mid Cap Bull 3X Shares (MIDU) has a higher volatility of 16.31% compared to SPDR S&P Regional Banking ETF (KRE) at 7.60%. This indicates that MIDU's price experiences larger fluctuations and is considered to be riskier than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
16.31%
7.60%
MIDU
KRE
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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