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

Correlation

The correlation between MIDU and MVV is 0.99, 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.


-0.50.00.51.01.0

Performance

MIDU vs. MVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Mid Cap Bull 3X Shares (MIDU) and ProShares Ultra Midcap 400 (MVV). The values are adjusted to include any dividend payments, if applicable.

1,500.00%2,000.00%2,500.00%3,000.00%JulyAugustSeptemberOctoberNovemberDecember
2,150.25%
1,566.34%
MIDU
MVV

Key characteristics

Sharpe Ratio

MIDU:

0.49

MVV:

0.62

Sortino Ratio

MIDU:

0.97

MVV:

1.04

Omega Ratio

MIDU:

1.12

MVV:

1.13

Calmar Ratio

MIDU:

0.50

MVV:

0.76

Martin Ratio

MIDU:

2.41

MVV:

3.12

Ulcer Index

MIDU:

9.74%

MVV:

6.35%

Daily Std Dev

MIDU:

48.05%

MVV:

32.16%

Max Drawdown

MIDU:

-86.26%

MVV:

-85.54%

Current Drawdown

MIDU:

-28.80%

MVV:

-16.29%

Returns By Period

In the year-to-date period, MIDU achieves a 19.68% return, which is significantly higher than MVV's 17.26% return. Over the past 10 years, MIDU has underperformed MVV with an annualized return of 8.98%, while MVV has yielded a comparatively higher 11.34% annualized return.


MIDU

YTD

19.68%

1M

-10.60%

6M

9.72%

1Y

18.86%

5Y*

1.82%

10Y*

8.98%

MVV

YTD

17.26%

1M

-6.81%

6M

8.86%

1Y

16.86%

5Y*

9.05%

10Y*

11.34%

Compare stocks, funds, or ETFs

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MIDU vs. MVV - Expense Ratio Comparison

MIDU has a 1.06% expense ratio, which is higher than MVV's 0.95% 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 MVV: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

MIDU vs. MVV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Mid Cap Bull 3X Shares (MIDU) and ProShares Ultra Midcap 400 (MVV). 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 0.49, compared to the broader market0.002.004.000.490.62
The chart of Sortino ratio for MIDU, currently valued at 0.97, compared to the broader market-2.000.002.004.006.008.0010.000.971.04
The chart of Omega ratio for MIDU, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.001.121.13
The chart of Calmar ratio for MIDU, currently valued at 0.50, compared to the broader market0.005.0010.0015.000.500.76
The chart of Martin ratio for MIDU, currently valued at 2.41, compared to the broader market0.0020.0040.0060.0080.00100.002.413.12
MIDU
MVV

The current MIDU Sharpe Ratio is 0.49, which is comparable to the MVV Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of MIDU and MVV, 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
0.49
0.62
MIDU
MVV

Dividends

MIDU vs. MVV - Dividend Comparison

MIDU's dividend yield for the trailing twelve months is around 1.38%, more than MVV's 0.46% yield.


TTM20232022202120202019201820172016201520142013
MIDU
Direxion Daily Mid Cap Bull 3X Shares
1.38%1.43%0.11%0.00%0.05%0.71%0.70%2.67%1.89%0.00%0.00%3.91%
MVV
ProShares Ultra Midcap 400
0.46%0.77%0.93%0.16%0.29%0.62%0.62%0.21%0.43%0.17%0.00%0.00%

Drawdowns

MIDU vs. MVV - Drawdown Comparison

The maximum MIDU drawdown since its inception was -86.26%, roughly equal to the maximum MVV drawdown of -85.54%. Use the drawdown chart below to compare losses from any high point for MIDU and MVV. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-28.80%
-16.29%
MIDU
MVV

Volatility

MIDU vs. MVV - Volatility Comparison

Direxion Daily Mid Cap Bull 3X Shares (MIDU) has a higher volatility of 16.30% compared to ProShares Ultra Midcap 400 (MVV) at 10.96%. This indicates that MIDU's price experiences larger fluctuations and is considered to be riskier than MVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
16.30%
10.96%
MIDU
MVV
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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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