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

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.


-0.50.00.51.00.7

Performance

MIDU vs. TQQQ - 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 UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%5,000.00%10,000.00%15,000.00%20,000.00%JulyAugustSeptemberOctoberNovemberDecember
1,233.03%
19,782.66%
MIDU
TQQQ

Key characteristics

Sharpe Ratio

MIDU:

0.55

TQQQ:

1.37

Sortino Ratio

MIDU:

1.05

TQQQ:

1.84

Omega Ratio

MIDU:

1.13

TQQQ:

1.25

Calmar Ratio

MIDU:

0.56

TQQQ:

1.55

Martin Ratio

MIDU:

2.63

TQQQ:

5.79

Ulcer Index

MIDU:

9.96%

TQQQ:

12.58%

Daily Std Dev

MIDU:

47.69%

TQQQ:

53.25%

Max Drawdown

MIDU:

-86.26%

TQQQ:

-81.66%

Current Drawdown

MIDU:

-28.02%

TQQQ:

-11.00%

Returns By Period

In the year-to-date period, MIDU achieves a 21.00% return, which is significantly lower than TQQQ's 65.52% return. Over the past 10 years, MIDU has underperformed TQQQ with an annualized return of 8.83%, while TQQQ has yielded a comparatively higher 35.36% annualized return.


MIDU

YTD

21.00%

1M

-11.03%

6M

11.02%

1Y

21.52%

5Y*

2.04%

10Y*

8.83%

TQQQ

YTD

65.52%

1M

6.50%

6M

12.39%

1Y

66.67%

5Y*

32.06%

10Y*

35.36%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MIDU vs. TQQQ - Expense Ratio Comparison

MIDU has a 1.06% expense ratio, which is higher than TQQQ'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 TQQQ: 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. 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.


Sharpe ratio
The chart of Sharpe ratio for MIDU, currently valued at 0.55, compared to the broader market0.002.004.000.551.37
The chart of Sortino ratio for MIDU, currently valued at 1.05, compared to the broader market-2.000.002.004.006.008.0010.001.051.84
The chart of Omega ratio for MIDU, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.001.131.25
The chart of Calmar ratio for MIDU, currently valued at 0.56, compared to the broader market0.005.0010.0015.000.561.55
The chart of Martin ratio for MIDU, currently valued at 2.63, compared to the broader market0.0020.0040.0060.0080.00100.002.635.79
MIDU
TQQQ

The current MIDU Sharpe Ratio is 0.55, which is lower than the TQQQ Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of MIDU and TQQQ, 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 Ratio0.000.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.55
1.37
MIDU
TQQQ

Dividends

MIDU vs. TQQQ - Dividend Comparison

MIDU's dividend yield for the trailing twelve months is around 0.84%, less than TQQQ's 0.88% 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%
TQQQ
ProShares UltraPro QQQ
0.88%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.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-28.02%
-11.00%
MIDU
TQQQ

Volatility

MIDU vs. TQQQ - Volatility Comparison

Direxion Daily Mid Cap Bull 3X Shares (MIDU) and ProShares UltraPro QQQ (TQQQ) have volatilities of 16.31% and 16.08%, 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.


10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
16.31%
16.08%
MIDU
TQQQ
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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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