MDY vs. MIDU
Compare and contrast key facts about SPDR S&P MidCap 400 ETF (MDY) and Direxion Daily Mid Cap Bull 3X Shares (MIDU).
MDY and MIDU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MDY is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on May 4, 1995. 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. Both MDY and MIDU 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: MDY or MIDU.
Performance
MDY vs. MIDU - Performance Comparison
Returns By Period
In the year-to-date period, MDY achieves a 16.95% return, which is significantly lower than MIDU's 34.74% return. Over the past 10 years, MDY has underperformed MIDU with an annualized return of 9.87%, while MIDU has yielded a comparatively higher 10.52% annualized return.
MDY
16.95%
0.75%
7.35%
28.43%
11.46%
9.87%
MIDU
34.74%
0.80%
12.03%
74.72%
6.18%
10.52%
Key characteristics
| MDY | MIDU | |
|---|---|---|
| Sharpe Ratio | 1.85 | 1.67 |
| Sortino Ratio | 2.62 | 2.23 |
| Omega Ratio | 1.32 | 1.27 |
| Calmar Ratio | 2.83 | 1.46 |
| Martin Ratio | 10.62 | 8.42 |
| Ulcer Index | 2.78% | 9.43% |
| Daily Std Dev | 15.98% | 47.69% |
| Max Drawdown | -55.33% | -86.26% |
| Current Drawdown | -3.18% | -19.85% |
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MDY vs. MIDU - Expense Ratio Comparison
MDY has a 0.23% expense ratio, which is lower than MIDU's 1.06% expense ratio.
Correlation
The correlation between MDY and MIDU 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
MDY vs. MIDU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P MidCap 400 ETF (MDY) and Direxion Daily Mid Cap Bull 3X Shares (MIDU). 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
MDY vs. MIDU - Dividend Comparison
MDY's dividend yield for the trailing twelve months is around 1.11%, less than MIDU's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDY SPDR S&P MidCap 400 ETF | 1.11% | 1.21% | 1.37% | 0.96% | 1.12% | 1.34% | 1.39% | 1.18% | 1.31% | 1.35% | 1.17% | 1.07% |
MIDU Direxion Daily Mid Cap Bull 3X Shares | 1.22% | 1.43% | 0.11% | 0.00% | 0.05% | 0.71% | 0.70% | 2.67% | 1.89% | 0.00% | 0.00% | 3.91% |
Drawdowns
MDY vs. MIDU - Drawdown Comparison
The maximum MDY drawdown since its inception was -55.33%, smaller than the maximum MIDU drawdown of -86.26%. Use the drawdown chart below to compare losses from any high point for MDY and MIDU. For additional features, visit the drawdowns tool.
Volatility
MDY vs. MIDU - Volatility Comparison
The current volatility for SPDR S&P MidCap 400 ETF (MDY) is 5.46%, while Direxion Daily Mid Cap Bull 3X Shares (MIDU) has a volatility of 16.20%. This indicates that MDY experiences smaller price fluctuations and is considered to be less risky than MIDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.