Direxion Daily Mid Cap Bull 3X ETF
$62.47−0.80 (−1.26%)
- Expense ratio
- 0.99%
- Fund size
- $59M
- 1Y return
- +23.3%
- Yield · Last 12 months
- 0.57%
- Holdings
- 408
- Volume · 30D
- 0M sh
- NAV per share
- $62.58
- 52W range
The ETF.net MIDU Grade
Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 47Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 68Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 38Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 48Category rank
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
- 408
- 78%
- MID SWAP ASSET LEG (MIDUBL)
Sectors
- Industrials19.0%
- Technology17.7%
- Financials14.1%
- Health Care11.1%
- Consumer Discr.9.7%
- Real Estate7.7%
- Materials7.4%
- Energy5.8%
- Cons. Staples3.2%
- Utilities2.8%
- Communication1.6%
Geography
- United States96.47%
- United Kingdom1.73%
- Bermuda0.75%
- Ireland0.44%
- Cayman Islands0.38%
- Sweden0.23%
MIDU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +25.1% |
| 1 month | −12.3% |
| 3 months | −12.1% |
| 1 year | +23.3% |
| 3 years | +24.6% |
| 5 years | +2.4% |
| 10 years | +9.7% |
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 | +25.1% | |
| 2025 | −2.8% | |
| 2024 | +20.3% | |
| 2023 | +27.7% | |
| 2022 | −49.3% | |
| 2021 | +72.9% | |
| 2020 | −18.3% |
MIDU in the news
ETF.net Research hasn’t filed on MIDU yet — coverage lands here as it’s written.
MIDU Dividends
- 0.57%
- $0.36
- $0.11 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 30, 2026 | $0.11 |
| Mar 24, 2026 | Mar 31, 2026 | $0.09 |
| Dec 23, 2025 | Dec 31, 2025 | $0.06 |
| Sep 23, 2025 | Sep 30, 2025 | $0.09 |
| Jun 24, 2025 | Jul 1, 2025 | $0.21 |
| Mar 25, 2025 | Apr 1, 2025 | $0.17 |
| Dec 23, 2024 | Dec 31, 2024 | $0.13 |
| Sep 24, 2024 | Oct 1, 2024 | $0.15 |
| Jun 25, 2024 | Jul 2, 2024 | $0.25 |
| Mar 19, 2024 | Mar 26, 2024 | $0.05 |
| Dec 21, 2023 | Dec 29, 2023 | $0.28 |
| Sep 19, 2023 | Sep 26, 2023 | $0.04 |
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.
- 48.2%
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.
- 0.52
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.
- 3.00
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
- The middle half of 3x Leveraged Long funds
- Median 0.98%
15 of the 30 3x Leveraged Long funds charge less.