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MIDU vs SOXL

Direxion Daily Mid Cap Bull 3X ETF

MIDUCNYSE Arca

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

Overlap

Expense ratio

SOXL −0.23pt a year

MIDU0.98%SOXL0.75%

Avg volume · 30D

SOXL 3613.7×the volume

MIDU19.6KSOXL70.7M

10Y return · a year

SOXL +28.7pt

MIDU+10.7%SOXL+39.4%

MIDU vs SOXL Performance

Oct 29, 2021 – Oct 30, 2026

−3.5%MIDU+66.7%SOXL

Oct 29, 2021 to Oct 30, 2026. MIDU −3.5%. SOXL +66.7%. Use the arrow keys to read each point.−100%200%300%400%500%Oct 2021Apr 2024Oct 2026
Expense ratio
MIDU 0.98%
SOXL 0.75%, better
Fund size
MIDU $64M
SOXL $24.3B
1Y total return
MIDU +27.2%
SOXL +61.4%, better
Yield (12M)
MIDU 0.46%, better
SOXL 0.12%
Holdings
MIDU 406
SOXL 43
Avg volume (30D)
MIDU 19.6K sh
SOXL 70.7M sh, better
NAV per share
MIDU $64.14
SOXL $102.45
52W range

ETF.net Grade

MIDU: Cost 38, Risk 68, Mission not scored, Tradability 26, Holdings not scored, Durability 48. SOXL: Cost 100, Risk 32, Mission not scored, Tradability 79, Holdings not scored, Durability 69.
Pillar letters and Scores for MIDU, SOXL, with each pillar’s weight
PillarMIDUSOXL
Cost30% weightD38A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightB68HigherD32
Tradability15% weightD26A79Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC48B69Higher

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MIDU and SOXL are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

SOXL ranks 4th and MIDU 19th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 4ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 76
  5. Rank 5ATMFDirexion Daily 20+ Year Treasury Bull 3X ETFScore 74
  6. Rank 18CDRNDirexion Daily Real Estate Bull 3X ETFScore 44
  7. Rank 19CMIDUDirexion Daily Mid Cap Bull 3X ETFScore 42
  8. Rank 20CTNADirexion Daily Small Cap Bull 3X ETFScore 41

Our read on each fund

ETF.net Research

MIDUCDirexion Daily Mid Cap Bull 3X ETF

SOXLADirexion Daily Semiconductor Bull 3X ETF

In short

MIDU Most 3x money chases the Nasdaq-100 and semiconductors. MIDU aims the same engine at the forgotten middle: 300% of the daily move of the S&P MidCap 400, and it has been doing that since 2009.

SOXL A 3x bet on chip stocks that resets every single day. Direxion launched it in 2010, long before AI made semiconductors the market's main event, and it is now one of the most heavily traded leveraged funds out there.

Stated mandate

MIDU The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the S&P Mid Cap 400 Index.

SOXL It is designed to deliver a daily result three times the performance of the NYSE Semiconductor Index, before fees and expenses, with the objective applying for a single day.

Why people hold it

  • MIDU One job, stated plainly: 300% of the S&P MidCap 400's daily move, roughly 400 mid-sized US companies, reset every trading day.direxion.com
  • Leveraged mid-cap exposure is a thin shelf in a category crowded with tech and sector bets. MIDU has stocked it since January 2009.direxion.com
  • Costs 0.98% net of a waiver through September 1, 2027 (0.99% gross), which sits near the median fee for 3x funds.
  • SOXL Cheap for the aisle it sits in: 0.75% net of a waiver through September 1, 2027 (0.91% gross), below the category median and under TQQQ's 0.78% net of a waiver through September 30, 2027.
  • The mandate is mechanical: 300% of the NYSE Semiconductor Index's daily move, before fees and expenses, across roughly 40 chip names. No stock picking, no manager discretion.direxion.com
  • A multi-billion-dollar fund that trades very actively, which matters for an instrument designed to be entered and exited inside a single session.
  • Trading since 2010, through several full chip cycles. That is a long run for a 3x product, and one of the stronger setups in its leveraged peer group.

Worth knowing

  • MIDU The 3x target resets daily. Hold longer than a day and results can drift well away from 3x the index, especially through choppy, back-and-forth markets.direxion.com
  • It trades thinly next to the category's headline names, so bid-ask spreads and limit orders matter more here than in SOXL or TQQQ.
  • Cheaper 3x options exist, pointed elsewhere: SOXL at 0.75% and TQQQ at 0.78%, each net of a waiver (through September 1, 2027 and September 30, 2027).
  • SOXL The 3x target applies to one day only. Daily reset plus compounding means multi-day results can diverge sharply from 3x the index, and choppy markets erode value.direxion.com
  • Semiconductors already swing hard. Tripling the daily move magnifies down days exactly as much as up days, so losses can pile up fast.
  • Roughly 40 stocks in a single US industry. No diversification cushion here, and the index itself has been renamed once (to the NYSE Semiconductor Index in 2023).sec.gov

Full MIDU profile⁠

Full SOXL profile⁠

MIDU vs SOXL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MIDU vs SOXL Cost

Overpaying MIDU vs SOXL

$3,880

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MIDU 0.98%

    $18,362

  • SOXL 0.75%

    $14,482

$10,000
30 years

Cost over time

  • MIDU 0.98%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MIDU $18,362SOXL $14,482

Year by year

YearMIDUSOXLOverpaying
10$1,729$1,336$393
20$6,504$5,078$1,426
30$18,362$14,482$3,880

Expense ratio

  • 0.98%MIDU
  • 0.75%SOXL, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

SOXL cheapest of 30 funds

MIDU 18th cheapest of 30 funds

MIDU vs SOXL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MIDU 0.46%, better
SOXL 0.12%
Payout (12M)
MIDU $0.28
SOXL $0.09
Last payment
MIDU $0.01
SOXL $0.09
Ex-dividend
MIDU Sep 22, 2026
SOXL Sep 22, 2026
Paid on
MIDU Sep 29, 2026
SOXL Sep 29, 2026
Frequency
MIDU Quarterly
SOXL Annual

Distribution history

Per share, 2017 to 2026, same scale for both

MIDUQuarterly · 23 paymentsAll MIDU payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Dec 13, 2017 $1.17; Sep 25, 2018 $0.03; Dec 27, 2018 $0.16; Jun 25, 2019 $0.18; Dec 23, 2019 $0.17; Jun 23, 2020 $0.01; Dec 22, 2020 $0.01; Dec 20, 2022 $0.04; Mar 21, 2023 $0.10; Jun 21, 2023 $0.21; Sep 19, 2023 $0.04; Dec 21, 2023 $0.28; Mar 19, 2024 $0.05; Jun 25, 2024 $0.25; Sep 24, 2024 $0.15; Dec 23, 2024 $0.13; Mar 25, 2025 $0.17; Jun 24, 2025 $0.21; Sep 23, 2025 $0.09; Dec 23, 2025 $0.06; Mar 24, 2026 $0.09; Jun 23, 2026 $0.11; Sep 22, 2026 $0.01. Use the arrow keys to read each point.$0$12017202020232026YTD
SOXLAnnual · 29 paymentsAll SOXL payments⁠
One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.0081; Jun 19, 2018 $0.02; Sep 25, 2018 $0.03; Dec 27, 2018 $0.02; Mar 19, 2019 $0.02; Jun 25, 2019 $0.01; Sep 24, 2019 $0.02; Dec 23, 2019 $0.02; Mar 24, 2020 $0.0053; Jun 23, 2020 $0.0063; Dec 22, 2020 $0.0034; Mar 23, 2021 $0.02; Dec 21, 2021 $0.01; Mar 22, 2022 $0.0072; Jun 22, 2022 $0.02; Sep 20, 2022 $0.04; Dec 20, 2022 $0.04; Mar 21, 2023 $0.03; Jun 21, 2023 $0.04; Sep 19, 2023 $0.03; Dec 21, 2023 $0.06; Mar 19, 2024 $0.04; Jun 25, 2024 $0.15; Sep 24, 2024 $0.06; Dec 23, 2024 $0.08; Mar 25, 2025 $0.06; Jun 24, 2025 $0.07; Sep 23, 2025 $0.01; Sep 22, 2026 $0.09. Use the arrow keys to read each point.$0$12017202020232026YTD

MIDU vs SOXL Risk

Fall from peak · 5 years

  • MIDU
  • SOXL
Oct 29, 2021 to Oct 30, 2026. Worst fall: SOXL −90.5% · Oct 2022. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
MIDU 46.5%, betterSOXL 137.2%
Return per unit of riskSharpe ratio, 3 years
MIDU 0.72SOXL 0.90, better
Worst fallMax drawdown, 5 years
MIDU −64.1%, betterSOXL −90.5%
Market sensitivityBeta, 5 years
MIDU 3.06SOXL 7.64

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