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MIDU vs UDOW

Direxion Daily Mid Cap Bull 3X ETF

MIDUCNYSE Arca

ProShares UltraPro Dow30

UDOWANYSE Arca

Overlap

Expense ratio

UDOW −0.04pt a year

MIDU0.98%UDOW0.94%

Avg volume · 30D

UDOW 87.8×the volume

MIDU19.6KUDOW1.72M

10Y return · a year

UDOW +11.6pt

MIDU+10.7%UDOW+22.3%

MIDU vs UDOW Performance

Oct 29, 2021 – Oct 30, 2026

−3.5%MIDU+66.5%UDOW

Oct 29, 2021 to Oct 30, 2026. MIDU −3.5%. UDOW +66.5%. Use the arrow keys to read each point.−50%−25%25%100%Oct 2021Apr 2024Oct 2026
Expense ratio
MIDU 0.98%
UDOW 0.94%, better
Fund size
MIDU $64M
UDOW $841M
1Y total return
MIDU +27.2%, better
UDOW +16.0%
Yield (12M)
MIDU 0.46%
UDOW 1.06%, better
Holdings
MIDU 406
UDOW 33
Avg volume (30D)
MIDU 19.6K sh
UDOW 1.72M sh, better
NAV per share
MIDU $64.14
UDOW $65.43
52W range

ETF.net Grade

MIDU: Cost 38, Risk 68, Mission not scored, Tradability 26, Holdings not scored, Durability 48. UDOW: Cost 78, Risk 85, Mission 77, Tradability 89, Holdings 56, Durability 71.
Pillar letters and Scores for MIDU, UDOW, with each pillar’s weight
PillarMIDUUDOW
Cost30% weightD38A78Higher
Mission25% weightNot scoredA77
Risk15% weightB68A85Higher
Tradability15% weightD26A89Higher
Holdings10% weightNot scoredB56
Durability5% weightC48A71Higher

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 UDOW 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 ›

UDOW ranks 2nd 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 18CDRNDirexion Daily Real Estate Bull 3X ETFScore 44
  5. Rank 19CMIDUDirexion Daily Mid Cap Bull 3X ETFScore 42
  6. Rank 20CTNADirexion Daily Small Cap Bull 3X ETFScore 41

Our read on each fund

ETF.net Research

MIDUCDirexion Daily Mid Cap Bull 3X ETF

UDOWAProShares UltraPro Dow30

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.

UDOW The only 3x daily play on the Dow: 30 blue-chip names, price-weighted, reset every session. It is the industrial cousin of the semis-and-Nasdaq crowd that fills the leveraged aisle, and it has run since 2010.

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.

UDOW The Fund seeks daily results equal to three times the daily performance of the Dow Jones Industrial Average before fees and expenses. It uses equity securities, derivatives, and money-market instruments to pursue that daily leveraged exposure.

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.
  • UDOW ProShares calls UDOW the only ETF targeting 3x the daily move of the Dow. In a 3x aisle crowded with semiconductor and Nasdaq bets, the blue-chip index has exactly one lever.proshares.com
  • The Dow is a price-weighted measure of 30 US blue chips, so the exposure leans industrials, financials and health care instead of megacap tech.spglobal.com
  • Trading since 2010, it has run through several full market cycles and stays actively traded, which matters when the holding period is hours rather than years.
  • Among the stronger implementations in its 3x bull peer group, it stays close to its stated daily target and trades with the depth short-horizon traders look for.

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).
  • UDOW The 3x target resets every day. Over longer stretches, compounding and volatility can push results away from 3x the index move, as the prospectus spells out.proshares.com
  • At 0.94% with no waiver propping it up, cost sits near the typical 3x bull fund; TQQQ charges 0.78% net of a waiver through September 30, 2027.
  • Exposure is built with derivatives and cash instruments alongside stocks, so counterparty and derivative risk ride along with the market call.proshares.com

Full MIDU profile⁠

Full UDOW profile⁠

MIDU vs UDOW 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 UDOW Cost

Overpaying MIDU vs UDOW

$658

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

  • MIDU 0.98%

    $18,362

  • UDOW 0.94%

    $17,704

$10,000
30 years

Cost over time

  • MIDU 0.98%
  • UDOW 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MIDU $18,362UDOW $17,704

Year by year

YearMIDUUDOWOverpaying
10$1,729$1,661$68
20$6,504$6,260$244
30$18,362$17,704$658

Expense ratio

  • 0.98%MIDU
  • 0.94%UDOW, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

UDOW 7th cheapest of 30 funds

MIDU 18th cheapest of 30 funds

MIDU vs UDOW Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MIDU 0.46%
UDOW 1.06%, better
Payout (12M)
MIDU $0.28
UDOW $0.69
Last payment
MIDU $0.01
UDOW $0.15
Ex-dividend
MIDU Sep 22, 2026
UDOW Sep 23, 2026
Paid on
MIDU Sep 29, 2026
UDOW Sep 29, 2026
Frequency
MIDU Quarterly
UDOW Quarterly

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
UDOWQuarterly · 15 paymentsAll UDOW payments⁠
One bar per payment. 15 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.007; Dec 26, 2017 $0.02; Dec 24, 2019 $0.07; Dec 23, 2020 $0.03; Dec 22, 2022 $0.09; Mar 20, 2024 $0.07; Jun 26, 2024 $0.16; Dec 23, 2024 $0.07; Mar 26, 2025 $0.16; Jun 25, 2025 $0.22; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.14; Jun 24, 2026 $0.21; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$12017202020232026YTD

MIDU vs UDOW Risk

Fall from peak · 5 years

  • MIDU
  • UDOW
Oct 29, 2021 to Oct 30, 2026. Worst fall: MIDU −64.1% · Oct 2023. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
MIDU 46.5%UDOW 37.2%, better
Return per unit of riskSharpe ratio, 3 years
MIDU 0.72UDOW 0.95, better
Worst fallMax drawdown, 5 years
MIDU −64.1%UDOW −56.0%, better
Market sensitivityBeta, 5 years
MIDU 3.06UDOW 2.62

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