MIDU vs. SOXS
MIDU (Direxion Daily Mid Cap Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - MIDU is a Leveraged Equities fund tracking the S&P MidCap 400 Index (300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, MIDU returned 11.79%/yr vs -78.82%/yr for SOXS. At a correlation of -0.71, they often move in opposite directions. MIDU charges 1.06%/yr vs 1.08%/yr for SOXS.
Performance
MIDU vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, MIDU achieves a 39.05% return, which is significantly higher than SOXS's -91.63% return. Over the past 10 years, MIDU has outperformed SOXS with an annualized return of 11.79%, while SOXS has yielded a comparatively lower -78.82% annualized return.
MIDU
- 1D
- 1.03%
- 1M
- 7.52%
- YTD
- 39.05%
- 6M
- 36.50%
- 1Y
- 68.28%
- 3Y*
- 28.14%
- 5Y*
- 2.80%
- 10Y*
- 11.79%
SOXS
- 1D
- 5.91%
- 1M
- -54.82%
- YTD
- -91.63%
- 6M
- -91.49%
- 1Y
- -97.52%
- 3Y*
- -86.60%
- 5Y*
- -79.43%
- 10Y*
- -78.82%
MIDU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIDU Direxion Daily Mid Cap Bull 3X Shares | 39.05% | -2.75% | 20.32% | 27.79% | -49.27% | 72.89% | -18.31% | 77.38% | -39.21% | 46.86% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.63% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between MIDU and SOXS is -0.62, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010 | -0.71 |
The correlation between MIDU and SOXS has been stable across timeframes, ranging from -0.71 to -0.62 - a consistent structural relationship.
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Return for Risk
MIDU vs. SOXS — Risk / Return Rank
MIDU
SOXS
MIDU vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Mid Cap Bull 3X Shares (MIDU) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +5.92 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.59 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | -1.00 | +3.66 |
| Martin ratioReturn relative to average drawdown | 8.83 | -1.43 | +10.26 |
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 | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | -0.96 | +2.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.74 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | -0.79 | +0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | -0.79 | +1.14 |
Drawdowns
MIDU vs. SOXS - Drawdown Comparison
The maximum MIDU drawdown since its inception was -86.26%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for MIDU and SOXS.
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Drawdown Indicators
| MIDU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.26% | -100.00% | +13.74% |
Max Drawdown (1Y)Largest decline over 1 year | -25.80% | -97.68% | +71.88% |
Max Drawdown (3Y)Largest decline over 3 years | -60.41% | -99.80% | +39.39% |
Max Drawdown (5Y)Largest decline over 5 years | -64.14% | -99.97% | +35.83% |
Max Drawdown (10Y)Largest decline over 10 years | -86.26% | -100.00% | +13.74% |
Current DrawdownCurrent decline from peak | -3.21% | -100.00% | +96.79% |
Average DrawdownAverage peak-to-trough decline | -22.43% | -92.61% | +70.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.76% | 68.11% | -60.35% |
Volatility
MIDU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Mid Cap Bull 3X Shares (MIDU) is 12.47%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.24%. This indicates that MIDU experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIDU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.47% | 44.24% | -31.77% |
Volatility (6M)Calculated over the trailing 6-month period | 33.69% | 84.19% | -50.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.28% | 102.19% | -55.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.44% | 108.21% | -48.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.58% | 100.48% | -36.90% |
MIDU vs. SOXS - Expense Ratio Comparison
MIDU has a 1.06% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
MIDU vs. SOXS - Dividend Comparison
MIDU's dividend yield for the trailing twelve months is around 0.64%, less than SOXS's 64.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MIDU Direxion Daily Mid Cap Bull 3X Shares | 0.64% | 1.04% | 1.10% | 1.43% | 0.11% | 0.00% | 0.06% | 0.71% | 0.70% | 2.67% | 1.89% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 64.53% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% | 0.00% |
Frequently Asked Questions
MIDU and SOXS 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.
SOXS has higher volatility (44.24%) compared to MIDU (12.47%). In terms of maximum drawdown, MIDU dropped -86.26% vs SOXS's -100.00%.
On 10-year performance, MIDU leads with 11.79% vs -78.82% for SOXS. On fees, MIDU is cheaper at 1.06% per year. On volatility, MIDU has been the lower-risk option at 12.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MIDU has performed better with a 11.79% return vs -78.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MIDU is cheaper with a 1.06% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 64.53%, compared with 0.64% for MIDU.
MIDU is categorized as Leveraged Equities, while SOXS is Inverse Equities. MIDU tracks S&P MidCap 400 Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.06% for MIDU and 1.08% for SOXS.
MIDU currently has the higher Sharpe Ratio (1.48 vs -0.95), 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.
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