MSOX vs. MIDU

Last updated Jun 9, 2026

MSOX (Advisorshares Msos 2x Daily ETF) and MIDU (Direxion Daily Mid Cap Bull 3X Shares) are both Leveraged Equities funds. MSOX is actively managed, while MIDU is passively managed. Over the past 3 years, MSOX returned -59.23%/yr vs 22.83%/yr for MIDU. At a 0.26 correlation, their price movements are largely independent. MSOX charges 0.95%/yr vs 1.06%/yr for MIDU.

Performance

MSOX vs. MIDU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisorshares Msos 2x Daily ETF (MSOX) and Direxion Daily Mid Cap Bull 3X Shares (MIDU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSOX achieves a -0.45% return, which is significantly lower than MIDU's 31.63% return.

MSOX

• 1D: 10.67%
• 1M: 23.55%
• YTD: -0.45%
• 6M: 25.99%
• 1Y: 59.29%
• 3Y*: -59.23%
• 5Y*: —
• 10Y*: —

MIDU

• 1D: 0.47%
• 1M: -0.83%
• YTD: 31.63%
• 6M: 31.16%
• 1Y: 55.79%
• 3Y*: 22.83%
• 5Y*: 1.62%
• 10Y*: 11.46%

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

MSOX vs. MIDU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MSOX Advisorshares Msos 2x Daily ETF	-0.45%	-51.20%	-87.32%	-39.26%	-76.29%
MIDU Direxion Daily Mid Cap Bull 3X Shares	31.63%	-2.75%	20.32%	27.79%	-17.82%

Correlation

The correlation between MSOX and MIDU is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.26

MSOX vs. MIDU - Sectors Allocation Comparison

Sectors	MSOX	MIDU
Financial Services	183.7%	14.4%
Basic Materials	-	4.8%
Communication Services	-	1.0%
Consumer Cyclical	-	10.7%
Consumer Defensive	-	3.8%
Energy	-	5.5%
Healthcare	-	8.6%
Industrials	-	25.0%
Real Estate	-	7.5%
Technology	-	15.7%
Utilities	-	3.1%

Return for Risk

MSOX vs. MIDU — Risk / Return Rank

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

MSOX

MSOX Risk / Return Rank: 28
MSOX Sharpe Ratio Rank: 13
MSOX Sortino Ratio Rank: 49
MSOX Omega Ratio Rank: 44
MSOX Calmar Ratio Rank: 19
MSOX Martin Ratio Rank: 15

MIDU

MIDU Risk / Return Rank: 42
MIDU Sharpe Ratio Rank: 37
MIDU Sortino Ratio Rank: 39
MIDU Omega Ratio Rank: 36
MIDU Calmar Ratio Rank: 48
MIDU Martin Ratio Rank: 47

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.

MSOX vs. MIDU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) 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.

	MSOX	MIDU	Difference
Sharpe ratio: Return per unit of total volatility	0.27	1.20	-0.93
Sortino ratio: Return per unit of downside risk	2.18	1.81	+0.38
Omega ratio: Gain probability vs. loss probability	1.25	1.22	+0.04
Calmar ratio: Return relative to maximum drawdown	0.70	2.17	-1.47
Martin ratio: Return relative to average drawdown	1.07	7.20	-6.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSOX vs. MIDU - Sharpe Ratio Comparison

The current MSOX Sharpe Ratio is 0.27, which is lower than the MIDU Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of MSOX and MIDU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSOX	MIDU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	1.20	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	0.34	-0.77

Drawdowns

MSOX vs. MIDU - Drawdown Comparison

The maximum MSOX drawdown since its inception was -99.75%, which is greater than MIDU's maximum drawdown of -86.26%. Use the drawdown chart below to compare losses from any high point for MSOX and MIDU.

Drawdown Indicators

	MSOX	MIDU	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-86.26%	-13.49%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	-25.80%	-59.09%
Max Drawdown (3Y) Largest decline over 3 years	-98.83%	-60.41%	-38.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-64.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-86.26%	—
Current Drawdown Current decline from peak	-99.34%	-8.37%	-90.97%
Average Drawdown Average peak-to-trough decline	-88.88%	-22.43%	-66.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.46%	7.77%	+47.69%

Volatility

MSOX vs. MIDU - Volatility Comparison

Advisorshares Msos 2x Daily ETF (MSOX) has a higher volatility of 45.64% compared to Direxion Daily Mid Cap Bull 3X Shares (MIDU) at 12.33%. This indicates that MSOX's price experiences larger fluctuations and is considered to be riskier than MIDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSOX	MIDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.64%	12.33%	+33.31%
Volatility (6M) Calculated over the trailing 6-month period	156.15%	34.19%	+121.96%
Volatility (1Y) Calculated over the trailing 1-year period	220.41%	46.69%	+173.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	168.51%	59.49%	+109.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	168.51%	63.63%	+104.88%

MSOX vs. MIDU - Expense Ratio Comparison

MSOX has a 0.95% expense ratio, which is lower than MIDU's 1.06% expense ratio.

Dividends

MSOX vs. MIDU - Dividend Comparison

MSOX has not paid dividends to shareholders, while MIDU's dividend yield for the trailing twelve months is around 0.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MIDU Direxion Daily Mid Cap Bull 3X Shares	0.67%	1.04%	1.10%	1.43%	0.11%	0.00%	0.06%	0.71%	0.70%	2.67%	1.89%
MSOX Advisorshares Msos 2x Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSOX and MIDU in my portfolio?

MSOX and MIDU have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSOX or MIDU?

MSOX has higher volatility (45.64%) compared to MIDU (12.33%). In terms of maximum drawdown, MSOX dropped -99.75% vs MIDU's -86.26%.

Which ETF is better, MSOX or MIDU?

On 3-year performance, MIDU leads with 22.83% vs -59.23% for MSOX. On fees, MSOX is cheaper at 0.95% per year. On volatility, MIDU has been the lower-risk option at 12.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSOX or MIDU?

Over the 3-year period, MIDU has performed better with a 22.83% return vs -59.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSOX or MIDU?

MSOX is cheaper with a 0.95% expense ratio, compared with 1.06% for MIDU.

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

MIDU has the higher dividend yield at 0.67%, compared with 0.00% for MSOX.

What is the main difference between MSOX and MIDU?

They also come from different issuers: AdvisorShares and Direxion. Their fees differ too: 0.95% for MSOX and 1.06% for MIDU.

Which has better risk-adjusted returns?

MIDU currently has the higher Sharpe Ratio (1.20 vs 0.27), 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.