MIDU vs. MDY
Compare and contrast key facts about Direxion Daily Mid Cap Bull 3X Shares (MIDU) and SPDR S&P MidCap 400 ETF (MDY).
MIDU and MDY 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. 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. Both MIDU and MDY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MIDU vs. MDY - Performance Comparison
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MIDU vs. MDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIDU Direxion Daily Mid Cap Bull 3X Shares | 5.27% | -2.75% | 20.32% | 27.79% | -49.27% | 72.89% | -18.31% | 77.38% | -39.21% | 46.86% |
MDY SPDR S&P MidCap 400 ETF | 3.32% | 7.19% | 13.64% | 16.07% | -13.28% | 24.53% | 13.50% | 25.78% | -11.29% | 15.93% |
Returns By Period
In the year-to-date period, MIDU achieves a 5.27% return, which is significantly higher than MDY's 3.32% return. Both investments have delivered pretty close results over the past 10 years, with MIDU having a 9.95% annualized return and MDY not far ahead at 10.34%.
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%
MDY
- 1D
- 0.82%
- 1M
- -5.32%
- YTD
- 3.32%
- 6M
- 4.62%
- 1Y
- 17.32%
- 3Y*
- 12.06%
- 5Y*
- 6.51%
- 10Y*
- 10.34%
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MIDU vs. MDY - Expense Ratio Comparison
MIDU has a 1.06% expense ratio, which is higher than MDY's 0.23% expense ratio.
Return for Risk
MIDU vs. MDY — Risk / Return Rank
MIDU
MDY
MIDU vs. MDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Mid Cap Bull 3X Shares (MIDU) and SPDR S&P MidCap 400 ETF (MDY). 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 | MDY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 0.82 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.06 | 1.30 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.28 | -0.48 |
Martin ratioReturn relative to average drawdown | 2.87 | 5.46 | -2.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MIDU | MDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.82 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.33 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.49 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.51 | -0.19 |
Correlation
The correlation between MIDU and MDY 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.
Dividends
MIDU vs. MDY - Dividend Comparison
MIDU's dividend yield for the trailing twelve months is around 0.84%, less than MDY's 1.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
MDY SPDR S&P MidCap 400 ETF | 1.15% | 1.15% | 1.18% | 1.21% | 1.37% | 0.96% | 1.12% | 1.34% | 1.39% | 1.18% | 1.31% | 1.35% |
Drawdowns
MIDU vs. MDY - Drawdown Comparison
The maximum MIDU drawdown since its inception was -86.26%, which is greater than MDY's maximum drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for MIDU and MDY.
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Drawdown Indicators
| MIDU | MDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.26% | -55.33% | -30.93% |
Max Drawdown (1Y)Largest decline over 1 year | -38.35% | -14.07% | -24.28% |
Max Drawdown (5Y)Largest decline over 5 years | -64.14% | -24.03% | -40.11% |
Max Drawdown (10Y)Largest decline over 10 years | -86.26% | -42.22% | -44.04% |
Current DrawdownCurrent decline from peak | -26.73% | -5.36% | -21.37% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -7.06% | -15.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.64% | 3.29% | +7.35% |
Volatility
MIDU vs. MDY - Volatility Comparison
Direxion Daily Mid Cap Bull 3X Shares (MIDU) has a higher volatility of 19.30% compared to SPDR S&P MidCap 400 ETF (MDY) at 6.42%. This indicates that MIDU's price experiences larger fluctuations and is considered to be riskier than MDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIDU | MDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.30% | 6.42% | +12.88% |
Volatility (6M)Calculated over the trailing 6-month period | 35.70% | 11.89% | +23.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.21% | 21.11% | +44.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.47% | 19.78% | +39.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.54% | 21.17% | +42.37% |