MIDU vs. UBOT

Last updated Jun 13, 2026

MIDU (Direxion Daily Mid Cap Bull 3X Shares) and UBOT (Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares) are both exchange-traded funds - MIDU is a Leveraged Equities fund tracking the S&P MidCap 400 Index (300%), while UBOT is a Robotics fund tracking the Indxx Global Robotics & Artificial Intelligence Thematic Index (300%). Both are passively managed. Over the past 5 years, MIDU returned 2.68%/yr vs -9.40%/yr for UBOT. A 0.74 correlation means they provide meaningful diversification when combined. MIDU charges 1.06%/yr vs 1.29%/yr for UBOT.

Performance

MIDU vs. UBOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Mid Cap Bull 3X Shares (MIDU) and Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIDU achieves a 41.54% return, which is significantly higher than UBOT's -1.41% return.

MIDU

• 1D: 1.98%
• 1M: 10.51%
• YTD: 41.54%
• 6M: 35.51%
• 1Y: 66.94%
• 3Y*: 23.88%
• 5Y*: 2.68%
• 10Y*: 12.76%

UBOT

• 1D: -0.59%
• 1M: -21.50%
• YTD: -1.41%
• 6M: -1.92%
• 1Y: 24.92%
• 3Y*: 3.57%
• 5Y*: -9.40%
• 10Y*: —

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

MIDU vs. UBOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MIDU Direxion Daily Mid Cap Bull 3X Shares	41.54%	-2.75%	20.32%	27.79%	-49.27%	72.89%	-18.31%	77.38%	-39.24%
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares	-1.41%	13.42%	12.02%	72.59%	-72.45%	9.78%	80.13%	87.34%	-71.74%

Correlation

The correlation between MIDU and UBOT is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018	0.74

The correlation between MIDU and UBOT has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

MIDU vs. UBOT - Sectors Allocation Comparison

Sectors	MIDU	UBOT
Industrials	25.0%	48.6%
Technology	15.7%	31.8%
Financial Services	14.4%	0.9%
Consumer Cyclical	10.7%	6.1%
Healthcare	8.6%	9.0%
Real Estate	7.5%	-
Energy	5.5%	0.5%
Basic Materials	4.8%	0.0%
Consumer Defensive	3.8%	0.0%
Utilities	3.1%	0.0%
Communication Services	1.0%	4.5%

Return for Risk

MIDU vs. UBOT — Risk / Return Rank

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

MIDU

MIDU Risk / Return Rank: 50
MIDU Sharpe Ratio Rank: 46
MIDU Sortino Ratio Rank: 46
MIDU Omega Ratio Rank: 42
MIDU Calmar Ratio Rank: 59
MIDU Martin Ratio Rank: 56

UBOT

UBOT Risk / Return Rank: 20
UBOT Sharpe Ratio Rank: 18
UBOT Sortino Ratio Rank: 21
UBOT Omega Ratio Rank: 20
UBOT Calmar Ratio Rank: 19
UBOT Martin Ratio Rank: 21

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. UBOT - 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 Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MIDU	UBOT	Difference
Sharpe ratio: Return per unit of total volatility	1.42	0.50	+0.92
Sortino ratio: Return per unit of downside risk	2.03	1.03	+1.00
Omega ratio: Gain probability vs. loss probability	1.24	1.12	+0.12
Calmar ratio: Return relative to maximum drawdown	2.61	0.70	+1.91
Martin ratio: Return relative to average drawdown	8.65	2.14	+6.51

MIDU vs. UBOT - Sharpe Ratio Comparison

The current MIDU Sharpe Ratio is 1.42, which is higher than the UBOT Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of MIDU and UBOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MIDU vs. UBOT - Drawdown Comparison

The maximum MIDU drawdown since its inception was -86.26%, roughly equal to the maximum UBOT drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for MIDU and UBOT.

Drawdown Indicators

	MIDU	UBOT	Difference
Max Drawdown Largest peak-to-trough decline	-86.26%	-86.24%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-25.80%	-35.90%	+10.10%
Max Drawdown (3Y) Largest decline over 3 years	-60.41%	-51.64%	-8.77%
Max Drawdown (5Y) Largest decline over 5 years	-64.14%	-82.90%	+18.76%
Max Drawdown (10Y) Largest decline over 10 years	-86.26%	—	—
Current Drawdown Current decline from peak	-1.48%	-52.26%	+50.78%
Average Drawdown Average peak-to-trough decline	-22.41%	-49.81%	+27.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.77%	11.67%	-3.90%

Volatility

MIDU vs. UBOT - Volatility Comparison

The current volatility for Direxion Daily Mid Cap Bull 3X Shares (MIDU) is 15.07%, while Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) has a volatility of 17.69%. This indicates that MIDU experiences smaller price fluctuations and is considered to be less risky than UBOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIDU	UBOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.07%	17.69%	-2.62%
Volatility (6M) Calculated over the trailing 6-month period	34.90%	38.70%	-3.80%
Volatility (1Y) Calculated over the trailing 1-year period	47.43%	49.90%	-2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.59%	53.27%	+6.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.65%	63.55%	+0.10%

MIDU vs. UBOT - Expense Ratio Comparison

MIDU has a 1.06% expense ratio, which is lower than UBOT's 1.29% expense ratio.

Dividends

MIDU vs. UBOT - Dividend Comparison

MIDU's dividend yield for the trailing twelve months is around 0.63%, less than UBOT's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MIDU Direxion Daily Mid Cap Bull 3X Shares	0.63%	1.04%	1.10%	1.43%	0.11%	0.00%	0.06%	0.71%	0.70%	2.67%	1.89%
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares	0.94%	0.78%	1.45%	0.65%	0.00%	2.25%	15.83%	0.55%	0.33%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MIDU and UBOT in my portfolio?

MIDU and UBOT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIDU or UBOT?

UBOT has higher volatility (17.69%) compared to MIDU (15.07%). In terms of maximum drawdown, MIDU dropped -86.26% vs UBOT's -86.24%.

Which ETF is better, MIDU or UBOT?

On 5-year performance, MIDU leads with 2.68% vs -9.40% for UBOT. On fees, MIDU is cheaper at 1.06% per year. On volatility, MIDU has been the lower-risk option at 15.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MIDU or UBOT?

Over the 5-year period, MIDU has performed better with a 2.68% return vs -9.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MIDU or UBOT?

MIDU is cheaper with a 1.06% expense ratio, compared with 1.29% for UBOT.

Which ETF pays a higher dividend yield, MIDU or UBOT?

UBOT has the higher dividend yield at 0.94%, compared with 0.63% for MIDU.

What is the main difference between MIDU and UBOT?

MIDU is categorized as Leveraged Equities, while UBOT is Robotics. MIDU tracks S&P MidCap 400 Index (300%), while UBOT tracks Indxx Global Robotics & Artificial Intelligence Thematic Index (300%). Their fees differ too: 1.06% for MIDU and 1.29% for UBOT.

Which has better risk-adjusted returns?

MIDU currently has the higher Sharpe Ratio (1.42 vs 0.50), 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.