MIDU vs. UMDD
Compare and contrast key facts about Direxion Daily Mid Cap Bull 3X Shares (MIDU) and ProShares UltraPro MidCap400 (UMDD).
MIDU and UMDD 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. UMDD is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (300%). It was launched on Feb 9, 2010. Both MIDU and UMDD 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 UMDD.
Performance
MIDU vs. UMDD - Performance Comparison
Returns By Period
In the year-to-date period, MIDU achieves a 49.63% return, which is significantly higher than UMDD's 42.51% return. Both investments have delivered pretty close results over the past 10 years, with MIDU having a 11.28% annualized return and UMDD not far behind at 10.95%.
MIDU
49.63%
20.80%
29.64%
91.74%
8.93%
11.28%
UMDD
42.51%
13.18%
26.68%
82.34%
7.84%
10.95%
Key characteristics
| MIDU | UMDD | |
|---|---|---|
| Sharpe Ratio | 1.91 | 1.80 |
| Sortino Ratio | 2.45 | 2.35 |
| Omega Ratio | 1.30 | 1.29 |
| Calmar Ratio | 1.70 | 1.56 |
| Martin Ratio | 9.68 | 8.95 |
| Ulcer Index | 9.47% | 9.57% |
| Daily Std Dev | 47.99% | 47.70% |
| Max Drawdown | -86.26% | -86.24% |
| Current Drawdown | -10.99% | -16.29% |
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MIDU vs. UMDD - Expense Ratio Comparison
MIDU has a 1.06% expense ratio, which is higher than UMDD's 0.95% expense ratio.
Correlation
The correlation between MIDU and UMDD is 0.99, 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. UMDD - 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 MidCap400 (UMDD). 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. UMDD - Dividend Comparison
MIDU's dividend yield for the trailing twelve months is around 1.10%, more than UMDD's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIDU Direxion Daily Mid Cap Bull 3X Shares | 1.10% | 1.43% | 0.11% | 0.00% | 0.05% | 0.71% | 0.70% | 2.67% | 1.89% | 0.00% | 0.00% | 3.91% |
UMDD ProShares UltraPro MidCap400 | 0.42% | 0.19% | 0.49% | 0.06% | 0.08% | 0.64% | 0.32% | 0.00% | 0.03% | 0.06% | 0.08% | 0.00% |
Drawdowns
MIDU vs. UMDD - Drawdown Comparison
The maximum MIDU drawdown since its inception was -86.26%, roughly equal to the maximum UMDD drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for MIDU and UMDD. For additional features, visit the drawdowns tool.
Volatility
MIDU vs. UMDD - Volatility Comparison
Direxion Daily Mid Cap Bull 3X Shares (MIDU) and ProShares UltraPro MidCap400 (UMDD) have volatilities of 16.52% and 15.99%, 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.