MIDU vs. UPRO
Compare and contrast key facts about Direxion Daily Mid Cap Bull 3X Shares (MIDU) and ProShares UltraPro S&P 500 (UPRO).
MIDU and UPRO 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. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both MIDU and UPRO 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 UPRO.
Performance
MIDU vs. UPRO - Performance Comparison
Returns By Period
In the year-to-date period, MIDU achieves a 49.63% return, which is significantly lower than UPRO's 71.45% return. Over the past 10 years, MIDU has underperformed UPRO with an annualized return of 11.28%, while UPRO has yielded a comparatively higher 24.13% annualized return.
MIDU
49.63%
20.80%
29.64%
91.74%
8.93%
11.28%
UPRO
71.45%
3.88%
34.17%
94.81%
25.05%
24.13%
Key characteristics
| MIDU | UPRO | |
|---|---|---|
| Sharpe Ratio | 1.91 | 2.67 |
| Sortino Ratio | 2.45 | 3.03 |
| Omega Ratio | 1.30 | 1.42 |
| Calmar Ratio | 1.70 | 2.59 |
| Martin Ratio | 9.68 | 15.97 |
| Ulcer Index | 9.47% | 6.08% |
| Daily Std Dev | 47.99% | 36.40% |
| Max Drawdown | -86.26% | -76.82% |
| Current Drawdown | -10.99% | -2.93% |
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MIDU vs. UPRO - Expense Ratio Comparison
MIDU has a 1.06% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Correlation
The correlation between MIDU and UPRO is 0.89, 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. UPRO - 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 S&P 500 (UPRO). 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. UPRO - Dividend Comparison
MIDU's dividend yield for the trailing twelve months is around 1.10%, more than UPRO's 0.74% 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% |
UPRO ProShares UltraPro S&P 500 | 0.74% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
MIDU vs. UPRO - Drawdown Comparison
The maximum MIDU drawdown since its inception was -86.26%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for MIDU and UPRO. For additional features, visit the drawdowns tool.
Volatility
MIDU vs. UPRO - Volatility Comparison
Direxion Daily Mid Cap Bull 3X Shares (MIDU) has a higher volatility of 16.52% compared to ProShares UltraPro S&P 500 (UPRO) at 11.98%. This indicates that MIDU's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.