MIDU vs. TQQQ
Compare and contrast key facts about Direxion Daily Mid Cap Bull 3X Shares (MIDU) and ProShares UltraPro QQQ (TQQQ).
MIDU and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both MIDU and TQQQ 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 TQQQ.
Performance
MIDU vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, MIDU achieves a 33.87% return, which is significantly lower than TQQQ's 51.05% return. Over the past 10 years, MIDU has underperformed TQQQ with an annualized return of 10.28%, while TQQQ has yielded a comparatively higher 34.34% annualized return.
MIDU
33.87%
0.15%
11.00%
73.60%
6.26%
10.28%
TQQQ
51.05%
1.51%
18.78%
78.21%
33.37%
34.34%
Key characteristics
| MIDU | TQQQ | |
|---|---|---|
| Sharpe Ratio | 1.64 | 1.51 |
| Sortino Ratio | 2.21 | 1.97 |
| Omega Ratio | 1.27 | 1.26 |
| Calmar Ratio | 1.44 | 1.53 |
| Martin Ratio | 8.30 | 6.29 |
| Ulcer Index | 9.44% | 12.45% |
| Daily Std Dev | 47.67% | 52.01% |
| Max Drawdown | -86.26% | -81.66% |
| Current Drawdown | -20.36% | -11.61% |
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MIDU vs. TQQQ - Expense Ratio Comparison
MIDU has a 1.06% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Correlation
The correlation between MIDU and TQQQ is 0.75, 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. TQQQ - 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 UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
MIDU's dividend yield for the trailing twelve months is around 1.23%, less than TQQQ's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIDU Direxion Daily Mid Cap Bull 3X Shares | 1.23% | 1.43% | 0.11% | 0.00% | 0.05% | 0.71% | 0.70% | 2.67% | 1.89% | 0.00% | 0.00% | 3.91% |
TQQQ ProShares UltraPro QQQ | 1.26% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
MIDU vs. TQQQ - Drawdown Comparison
The maximum MIDU drawdown since its inception was -86.26%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for MIDU and TQQQ. For additional features, visit the drawdowns tool.
Volatility
MIDU vs. TQQQ - Volatility Comparison
Direxion Daily Mid Cap Bull 3X Shares (MIDU) and ProShares UltraPro QQQ (TQQQ) have volatilities of 16.16% and 16.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.