MIDU vs. TNA
Compare and contrast key facts about Direxion Daily Mid Cap Bull 3X Shares (MIDU) and Direxion Daily Small Cap Bull 3X Shares (TNA).
MIDU and TNA 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. TNA is a passively managed fund by Direxion that tracks the performance of the Russell 2000 Index (300%). It was launched on Nov 5, 2008. Both MIDU and TNA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIDU or TNA.
Performance
MIDU vs. TNA - Performance Comparison
Returns By Period
In the year-to-date period, MIDU achieves a 42.58% return, which is significantly higher than TNA's 30.27% return. Over the past 10 years, MIDU has outperformed TNA with an annualized return of 10.76%, while TNA has yielded a comparatively lower 3.13% annualized return.
MIDU
42.58%
12.95%
26.55%
82.71%
7.89%
10.76%
TNA
30.27%
16.16%
37.13%
83.71%
-3.46%
3.13%
Key characteristics
| MIDU | TNA | |
|---|---|---|
| Sharpe Ratio | 1.79 | 1.39 |
| Sortino Ratio | 2.34 | 2.02 |
| Omega Ratio | 1.28 | 1.24 |
| Calmar Ratio | 1.58 | 1.17 |
| Martin Ratio | 9.02 | 6.70 |
| Ulcer Index | 9.47% | 12.99% |
| Daily Std Dev | 47.78% | 62.72% |
| Max Drawdown | -86.26% | -88.09% |
| Current Drawdown | -15.18% | -53.20% |
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MIDU vs. TNA - Expense Ratio Comparison
MIDU has a 1.06% expense ratio, which is lower than TNA's 1.14% expense ratio.
Correlation
The correlation between MIDU and TNA is 0.95, 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.
Risk-Adjusted Performance
MIDU vs. TNA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Mid Cap Bull 3X Shares (MIDU) and Direxion Daily Small Cap Bull 3X Shares (TNA). 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.
Dividends
MIDU vs. TNA - Dividend Comparison
MIDU's dividend yield for the trailing twelve months is around 1.16%, more than TNA's 0.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIDU Direxion Daily Mid Cap Bull 3X Shares | 1.16% | 1.43% | 0.11% | 0.00% | 0.05% | 0.71% | 0.70% | 2.67% | 1.89% | 0.00% | 0.00% | 3.91% |
TNA Direxion Daily Small Cap Bull 3X Shares | 0.84% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% | 0.00% | 0.00% | 0.59% | 1.53% |
Drawdowns
MIDU vs. TNA - Drawdown Comparison
The maximum MIDU drawdown since its inception was -86.26%, roughly equal to the maximum TNA drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for MIDU and TNA. For additional features, visit the drawdowns tool.
Volatility
MIDU vs. TNA - Volatility Comparison
The current volatility for Direxion Daily Mid Cap Bull 3X Shares (MIDU) is 15.99%, while Direxion Daily Small Cap Bull 3X Shares (TNA) has a volatility of 21.88%. This indicates that MIDU experiences smaller price fluctuations and is considered to be less risky than TNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.