MIDU vs. TSMG

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily Mid Cap Bull 3X Shares (MIDU) and Leverage Shares 2X Long TSM Daily ETF (TSMG).

MIDU and TSMG 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. TSMG is an actively managed fund by Leverage Shares. It was launched on Jan 14, 2025.

Performance

MIDU vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Mid Cap Bull 3X Shares (MIDU) and Leverage Shares 2X Long TSM Daily ETF (TSMG). The values are adjusted to include any dividend payments, if applicable.

MIDU vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
MIDU Direxion Daily Mid Cap Bull 3X Shares	5.27%	-5.68%
TSMG Leverage Shares 2X Long TSM Daily ETF	18.85%	76.34%

Returns By Period

In the year-to-date period, MIDU achieves a 5.27% return, which is significantly lower than TSMG's 18.85% return.

MIDU

• 1D: 2.70%
• 1M: -16.95%
• YTD: 5.27%
• 6M: 4.71%
• 1Y: 28.24%
• 3Y*: 14.30%
• 5Y*: -1.16%
• 10Y*: 9.95%

TSMG

• 1D: 2.29%
• 1M: -16.16%
• YTD: 18.85%
• 6M: 24.81%
• 1Y: 225.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MIDU vs. TSMG - Expense Ratio Comparison

MIDU has a 1.06% expense ratio, which is higher than TSMG's 0.75% expense ratio.

MIDU

Direxion Daily Mid Cap Bull 3X Shares

TSMG

Leverage Shares 2X Long TSM Daily ETF

Return for Risk

MIDU vs. TSMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIDU

MIDU Risk / Return Rank: 31
MIDU Sharpe Ratio Rank: 24
MIDU Sortino Ratio Rank: 35
MIDU Omega Ratio Rank: 33
MIDU Calmar Ratio Rank: 31
MIDU Martin Ratio Rank: 31

TSMG

TSMG Risk / Return Rank: 95
TSMG Sharpe Ratio Rank: 97
TSMG Sortino Ratio Rank: 94
TSMG Omega Ratio Rank: 89
TSMG Calmar Ratio Rank: 98
TSMG Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MIDU vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Mid Cap Bull 3X Shares (MIDU) and Leverage Shares 2X Long TSM Daily ETF (TSMG). 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	TSMG	Difference
Sharpe ratio Return per unit of total volatility	0.44	2.94	-2.51
Sortino ratio Return per unit of downside risk	1.06	3.06	-2.00
Omega ratio Gain probability vs. loss probability	1.15	1.39	-0.24
Calmar ratio Return relative to maximum drawdown	0.79	6.67	-5.88
Martin ratio Return relative to average drawdown	2.87	20.63	-17.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIDU vs. TSMG - Sharpe Ratio Comparison

The current MIDU Sharpe Ratio is 0.44, which is lower than the TSMG Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of MIDU and TSMG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MIDU	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	2.94	-2.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.04	-0.72

Correlation

The correlation between MIDU and TSMG is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MIDU vs. TSMG - Dividend Comparison

MIDU's dividend yield for the trailing twelve months is around 0.84%, less than TSMG's 9.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MIDU Direxion Daily Mid Cap Bull 3X Shares	0.84%	1.04%	1.10%	1.43%	0.11%	0.00%	0.06%	0.71%	0.70%	2.67%	1.89%
TSMG Leverage Shares 2X Long TSM Daily ETF	9.66%	11.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MIDU vs. TSMG - Drawdown Comparison

The maximum MIDU drawdown since its inception was -86.26%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for MIDU and TSMG.

Drawdown Indicators

	MIDU	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-86.26%	-63.67%	-22.59%
Max Drawdown (1Y) Largest decline over 1 year	-38.35%	-35.29%	-3.06%
Max Drawdown (5Y) Largest decline over 5 years	-64.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-86.26%	—	—
Current Drawdown Current decline from peak	-26.73%	-24.61%	-2.12%
Average Drawdown Average peak-to-trough decline	-22.54%	-18.24%	-4.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.64%	11.41%	-0.77%

Volatility

MIDU vs. TSMG - Volatility Comparison

The current volatility for Direxion Daily Mid Cap Bull 3X Shares (MIDU) is 19.30%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 28.00%. This indicates that MIDU experiences smaller price fluctuations and is considered to be less risky than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIDU	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.30%	28.00%	-8.70%
Volatility (6M) Calculated over the trailing 6-month period	35.70%	54.68%	-18.98%
Volatility (1Y) Calculated over the trailing 1-year period	65.21%	77.04%	-11.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.47%	81.23%	-21.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.54%	81.23%	-17.69%