MIDU vs MVV
Direxion Daily Mid Cap Bull 3X ETF vs ProShares Ultra MidCap400
Which is better, MIDU or MVV?
Nearly the same fund. MVV costs less.
MVV has a lower expense ratio. MIDU led over 1Y and 3Y, MVV over 5Y and the full window. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MIDU | MVV |
|---|---|---|
| Expense Ratio | 0.98% | 0.95%Best |
| AUM | $58M | $142M |
| Dividend Yield | 0.46% | 0.65% |
| Holdings | 818 | 818 |
| YTD Return | +22.93%Best | +18.67% |
| 1Y Return | +30.85%Best | +24.19% |
| 3Y Return (annualized) | +29.57%Best | +24.21% |
| 5Y Return (annualized) | -1.96% | +3.51%Best |
| Volatility (annualized) | 53.1% | 35.3%Best |
| Max Drawdown | -86.5% | -69.2%Best |
| $10,000 over 5 years | $9,058 | $11,883Best |
| Fund Family | Direxion Shares ETF Trust | ProShares |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Jan 8, 2009 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 8, 2009 to Nov 11, 2026 (17.8 years).
MIDU vs MVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 17.8 years both funds cover.
MIDU vs MVV Performance
Direxion Daily Mid Cap Bull 3X ETF (MIDU) is an ETF from Direxion Shares ETF Trust and ProShares Ultra MidCap400 (MVV) is an ETF from ProShares. Over the past year MIDU returned +30.85% while MVV returned +24.19%. Year to date, MIDU is up 22.93% versus a gain of 18.67% for MVV.
Over three years, MIDU compounded at +29.57% per year against +24.21% for MVV; over five years the annualized figures are -1.96% and +3.51% respectively. Across the full 18-year window we track, MVV has the edge at +18.40% annualized vs +15.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MIDU has been the more volatile fund, with annualized monthly volatility of 53.1% compared with 35.3% for MVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -86.5% for MIDU and -69.2% for MVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MIDU charges 0.98% per year while MVV charges 0.95%. On a $10,000 position that is $98 vs $95 annually, a gap of $3 per year that compounds over a long holding period. On income, MIDU currently yields 0.46% against 0.65% for MVV.
Holdings Overlap
At least 70.8% of MVV's money is in holdings MIDU also owns.
Stated as a floor: for MIDU, our book for it covers 70.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of MVV is already inside MIDU. Owning both mostly buys the same companies twice.
357 positions in common, counted across the 399 positions we hold weights for in MIDU and 377 in MVV, against full books of 818 and 818.
Top Shared Holdings
| Stock | Weight in MIDU | Weight in MVV | Difference |
|---|---|---|---|
| OKTAOkta Inc. | 0.71% | 0.74% | 0.03% |
| 0RMV:LNTechnipfmc Plc Ordinary Shares | 0.55% | 0.64% | 0.09% |
| ATIAti Inc | 0.53% | 0.60% | 0.07% |
| NVT:IENvent Electric Plc Ordinary Shares | 0.49% | 0.53% | 0.04% |
| UTHRUnited Therapeutics Corp | 0.48% | 0.54% | 0.06% |
| ENTGEntegris Inc Common Stock Usd 0.01 | 0.46% | 0.51% | 0.05% |
| THCTenet Healthcare Corp Common Stock Usd 0.05 | 0.46% | 0.50% | 0.04% |
| USFDUS Foods Holding Corp | 0.45% | 0.51% | 0.06% |
| XPOXpo Logistics Inc. | 0.45% | 0.51% | 0.06% |
| RSReliance Steel & Aluminum Co. | 0.43% | 0.49% | 0.06% |
70.8% of MVV is already inside MIDU.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MIDU or MVV?
MIDU has an expense ratio of 0.98% while MVV charges 0.95%. MVV is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, MIDU or MVV?
Over the past year MIDU returned +30.85% vs +24.19% for MVV, so MIDU leads on 1-year performance. Over the longest common window we track (18 years), MIDU annualized +15.64% vs +18.40% for MVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MIDU or MVV?
MIDU has been the more volatile fund at 53.1% annualized versus 35.3% for MVV. Worst drawdown: MIDU -86.5% vs MVV -69.2%.
Should I hold both MIDU and MVV?
MIDU and MVV have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between MIDU and MVV?
At least 70.8% of MVV's money is in holdings MIDU also owns. Our book for MIDU is partial, so the real figure is this or higher. They hold 357 positions in common, counted across the 399 positions we hold weights for in MIDU and 377 in MVV.
Which pays a higher dividend, MIDU or MVV?
MIDU yields 0.46% while MVV yields 0.65%, so MVV currently pays the higher dividend yield.
Is MVV better than MIDU?
MVV has a lower expense ratio. MIDU led over 1Y and 3Y, MVV over 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.