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Direxion Daily Mid Cap Bull 3X Shares

MIDU
$
Today’s Change
()

Snapshot
*

Inception Date
Jan 8, 2009
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$1,072,596
AUM
$47,335,402
Associated Index
S&P Midcap 400 Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
25.1%
GOLDMAN FINL SQ TRSRY INST 506
5.12%
DREYFUS GOVT CASH MAN INS
2.19%

What is MIDU?

The Mid Cap Bull 3X ETF seeks daily investment results before fees and expenses of 300% of the price performance of the Russell Midcap Index. There is no guarantee the fund will meet its stated investment objective.

1M
3M
6M
YTD
1Y
3Y
Max

MIDU
Performance Measures**

for the time period Jan 8, 2009 to Dec 4, 2025

Returns

1M Trailing Return: 8.8%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 0.1%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -86.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 62.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.61

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.23

The annualized return divided by the max drawdown for the selected time period.

ETFs related toMIDU

ETFs correlated to MIDU include IJH, MDY, SPMD

MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
GRPM
Invesco Capital Management LLC - Invesco S&P MidCap 400 GARP ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
IJJ
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toMIDU

Momentum Mean Reversion LETFs with Black Swan Catcher | 523.7% RR | 28.8% DD (Jan 2013 - Current)| DJKeyhole

Category

Leveraged ETFs, tactical rotation, trend filter, mean reversion, volatility hedge (UVXY), inverse hedges, risk-on/risk-off

OOS Cumulative Return

247.99%

V1.2 | Momentum Mean Reversion LETFs with Black Swan Catcher | DJKeyhole | Use V1.1 A Better LETF Basket

Category

Leveraged ETFs, tactical allocation, mean reversion, momentum, inverse ETFs, volatility hedge, sector rotation, macro regime

OOS Cumulative Return

192.81%

Create your own algorithmic trading strategy with MIDU using Composer

FAQ

MIDU is a US Equities ETF. The Mid Cap Bull 3X ETF seeks daily investment results before fees and expenses of 300% of the price performance of the Russell Midcap Index. There is no guarantee the fund will meet its stated investment objective.

MIDU tracks the S&P Midcap 400 Index.

No, MIDU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MIDU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MIDU is -0.0783%. This is the percent change in the value of MIDU over the most recent 1-month period. The 3-month return on MIDU is -0.0592%. This is the percent change in the value of MIDU over the most recent 3-month period.

The standard deviation of MIDU for the past year is 0.5996%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MIDU include MYY, MZZ, and UMDD.

ETFs correlated to MIDU include IJH, MDY, and SPMD.

ETFs that are inversely correlated to MIDU include TZA, RWM, and TWM.

Yes, MIDU is a Leveraged (3x) ETF: This means that MIDU will try to match the performance of S&P Midcap 400 Index, but with 3x the returns.

No, MIDU is not an inverse ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.