Direxion Daily Mid Cap Bull 3X ETF
CThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$62.07+0.14 (+0.23%)
- 0.99%
- $63M
- +35.9%
- 0.46%
- 0M sh
- $62.61
- low $42.74high $77.88
The ETF.net MIDU Grade
C
Score 50 out of 100
- 16 of 31
Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C47 out of 100Rank 17 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B68 out of 100Rank 5 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 17 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C48 out of 100Rank 17 of 31
Our read on MIDU
CAlmost every 3x equity fund points at mega caps or one hot sector. MIDU aims for 300% of the daily move of the S&P MidCap 400, the roughly 400 mid-sized US companies in between, and has done it since 2009.
The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the S&P Mid Cap 400 Index.
Why people hold it
- The middle of the market, geared: MIDU targets 300% of the daily move of the S&P MidCap 400, a slice most leveraged lineups skip in favor of mega caps and sectors.
- At 0.99%, it undercuts the typical leveraged-bull fund and runs close to the cheapest 3x names, like FAS at 0.92% and UDOW at 0.95%.
- Live since 2009, one of the original Direxion 3x funds, so the daily reset machinery has run through several full market cycles.
- Sits in the upper half of a crowded leveraged-bull group on cost, tradability and staying power.
Worth knowing
- The 3x target resets daily. Hold longer and results come from compounding day by day, so a choppy stretch can land far from 3x the index move over that span.
- Mid caps swing harder than mega caps, and 3x magnifies both directions. Drawdowns can be deep and fast.
- Smaller and thinner-traded than the marquee 3x funds, so spreads and limit orders matter more here than on the household-name tickers.
MIDU Holdings
- Stocks
- 406
- 78%
- Mid Swap Asset Leg (Midubl)
Sectors
- Industrials22.2%
- Technology18.1%
- Financials13.6%
- Health Care10.5%
- Consumer Discretionary10.1%
- Real Estate7.9%
- Energy5.3%
- Materials4.9%
- Consumer Staples3.2%
- Utilities2.8%
- Communication1.5%
Geography
- United States96.31%
- United Kingdom1.79%
- Bermuda0.72%
- Cayman Islands0.52%
- Ireland0.44%
- Sweden0.22%
MIDU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
MIDU$13,587
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MIDU |
|---|---|
| Year to date | +22.4% |
| 1 month | −5.2% |
| 3 months | −11.9% |
| 1 year | +35.9% |
| 3 years | +26.0% |
| 5 years | +1.5% |
| 10 years | +10.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MIDU |
|---|---|---|
| 2026 YTD | +22.4% | |
| 2025 | −2.8% | |
| 2024 | +20.3% | |
| 2023 | +27.7% | |
| 2022 | −49.3% | |
| 2021 | +72.9% | |
| 2020 | −18.3% |
MIDU in the news
MIDU Dividends
- 0.46%
- $0.28
- $0.01 per share
- Quarterly
Distribution history
MIDU Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 47.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.55
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −64.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 3.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MIDU Cost
0.99%
MIDU0.99%
- The middle half of 3x Leveraged Long funds
- Median 0.98%
15 of the 30 3x Leveraged Long funds charge less.
Other funds in 3x Leveraged Long
- CUTSLDirexion Daily Utilities Bull 3X ETFExpense ratio 0.98%1 year return −28.1%
- CWEBLDirexion Daily Dow Jones Internet Bull 3X SharesExpense ratio 0.96%1 year return +2.0%
- CNAILDirexion Daily Homebuilders & Supplies Bull 3X ETFExpense ratio 0.96%1 year return −56.9%
- CURTYProShares - UltraPro Russell2000Expense ratio 1.08%1 year return +34.9%
- CTNADirexion Daily Small Cap Bull 3X ETFExpense ratio 1.07%1 year return +35.1%