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UMDD vs. MIDU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UMDD 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.


-0.50.00.51.01.0

Performance

UMDD vs. MIDU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro MidCap400 (UMDD) and Direxion Daily Mid Cap Bull 3X Shares (MIDU). The values are adjusted to include any dividend payments, if applicable.

1,000.00%1,100.00%1,200.00%1,300.00%1,400.00%1,500.00%1,600.00%JulyAugustSeptemberOctoberNovemberDecember
1,216.97%
1,218.51%
UMDD
MIDU

Key characteristics

Sharpe Ratio

UMDD:

0.49

MIDU:

0.49

Sortino Ratio

UMDD:

0.97

MIDU:

0.97

Omega Ratio

UMDD:

1.12

MIDU:

1.12

Calmar Ratio

UMDD:

0.49

MIDU:

0.50

Martin Ratio

UMDD:

2.37

MIDU:

2.41

Ulcer Index

UMDD:

9.83%

MIDU:

9.74%

Daily Std Dev

UMDD:

47.97%

MIDU:

48.05%

Max Drawdown

UMDD:

-86.24%

MIDU:

-86.26%

Current Drawdown

UMDD:

-29.69%

MIDU:

-28.80%

Returns By Period

The year-to-date returns for both stocks are quite close, with UMDD having a 19.71% return and MIDU slightly lower at 19.68%. Both investments have delivered pretty close results over the past 10 years, with UMDD having a 9.15% annualized return and MIDU not far behind at 8.98%.


UMDD

YTD

19.71%

1M

-10.07%

6M

10.00%

1Y

18.90%

5Y*

1.77%

10Y*

9.15%

MIDU

YTD

19.68%

1M

-10.60%

6M

9.72%

1Y

18.86%

5Y*

1.82%

10Y*

8.98%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


UMDD vs. MIDU - Expense Ratio Comparison

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


MIDU
Direxion Daily Mid Cap Bull 3X Shares
Expense ratio chart for MIDU: current value at 1.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.06%
Expense ratio chart for UMDD: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

UMDD vs. MIDU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro MidCap400 (UMDD) 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.


Sharpe ratio
The chart of Sharpe ratio for UMDD, currently valued at 0.49, compared to the broader market0.002.004.000.490.49
The chart of Sortino ratio for UMDD, currently valued at 0.97, compared to the broader market-2.000.002.004.006.008.0010.000.970.97
The chart of Omega ratio for UMDD, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.001.121.12
The chart of Calmar ratio for UMDD, currently valued at 0.49, compared to the broader market0.005.0010.0015.000.490.50
The chart of Martin ratio for UMDD, currently valued at 2.37, compared to the broader market0.0020.0040.0060.0080.00100.002.372.41
UMDD
MIDU

The current UMDD Sharpe Ratio is 0.49, which is comparable to the MIDU Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of UMDD and MIDU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.49
0.49
UMDD
MIDU

Dividends

UMDD vs. MIDU - Dividend Comparison

UMDD's dividend yield for the trailing twelve months is around 0.50%, less than MIDU's 1.38% yield.


TTM20232022202120202019201820172016201520142013
UMDD
ProShares UltraPro MidCap400
0.50%0.19%0.49%0.06%0.08%0.64%0.32%0.00%0.03%0.06%0.08%0.00%
MIDU
Direxion Daily Mid Cap Bull 3X Shares
1.38%1.43%0.11%0.00%0.05%0.71%0.70%2.67%1.89%0.00%0.00%3.91%

Drawdowns

UMDD vs. MIDU - Drawdown Comparison

The maximum UMDD drawdown since its inception was -86.24%, roughly equal to the maximum MIDU drawdown of -86.26%. Use the drawdown chart below to compare losses from any high point for UMDD and MIDU. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%JulyAugustSeptemberOctoberNovemberDecember
-29.69%
-28.80%
UMDD
MIDU

Volatility

UMDD vs. MIDU - Volatility Comparison

ProShares UltraPro MidCap400 (UMDD) and Direxion Daily Mid Cap Bull 3X Shares (MIDU) have volatilities of 16.40% and 16.30%, 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.


10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
16.40%
16.30%
UMDD
MIDU
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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