Data as of .
MIDU vs MVV: which held to its multiple?
Over three months against its own daily promise, MIDU finished 2.0 points short and MVV 1.2 points short.
ETFIQ Decay Resistance Score: MVV scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| MIDU | MVV | MIDU | MVV | MIDU | MVV | |
| 1 month | −14.4% | −9.7% | −13.9% | −9.3% | −0.5 pts | −0.4 pts |
| 3 months | −8.8% | −5.4% | −5.8% | −3.9% | −3.0 pts | −1.5 pts |
| 6 months | +28.6% | +20.3% | +34.9% | +23.3% | −6.3 pts | −2.9 pts |
| 1 year | +22.7% | +18.5% | +39.0% | +26.0% | −16.3 pts | −7.5 pts |
| 3 years | +80.2% | +68.8% | +147.6% | +98.4% | −67.4 pts | −29.6 pts |
| Since launch | +1367.3% | +1148.2% | not meaningful | not meaningful | not meaningful | not meaningful |
| MIDU Direxion Daily Mid Cap Bull 3X ETF Aims to return three times the daily move of the S&P MidCap 400 | MVV ProShares Ultra MidCap400 Aims to return twice the daily move of the S&P MidCap 400 | |
|---|---|---|
| Issuer | Direxion | ProShares |
| Sets out to return | +3x | +2x |
| On | MDY | MDY |
| Segment | us mid cap | us mid cap |
| Fund returned, 3 months | −8.8% | −5.4% |
| Underlying returned, 3 months | −1.9% | −1.9% |
| What the stated multiple implies, 3 months | −5.8% | −3.9% |
| Difference from stated, 3 months | −3.0 pts | −1.5 pts |
| Fund returned, 1 year or since launch | +22.7% | +18.5% |
| Difference from stated, over that window | −16.3 pts | −7.5 pts |
| Underlying volatility | 12% | 12% |
| Difference over the days both have traded | −3.0 pts | no shared window |
| Expense ratio | 0.98% | 0.95% |
| Launched | Jan 4, 2010 | Jan 4, 2010 |
MIDU in plain words
Three months to Sep 11, 2026: MIDU returned −8.8% where its own daily promise gave −6.7%, 2.0 points short. Read the multiple against the whole window instead and +3 times MDY's −1.9% implies −5.8%, which makes MIDU look 3.0 points short. 0.9 of that is daily compounding, which happens to any +3 times fund over the same path, and the rest is the fund. MIDU aims to return +3 times MDY's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. MDY moved at 12% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
MVV in plain words
Three months to Sep 11, 2026: MVV returned −5.4% where its own daily promise gave −4.2%, 1.2 points short. Read the multiple against the whole window instead and +2 times MDY's −1.9% implies −3.9%, which makes MVV look 1.5 points short. 0.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. MVV aims to return +2 times MDY's move each day, then resets. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, MIDU or MVV?
- Over the window to Sep 11, 2026, MIDU finished 3.0 points from what its multiple implies and MVV finished 1.5 points from its own, so MVV came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are MIDU and MVV levered on the same thing?
- Yes. Both are levered on the S&P MidCap 400, MIDU at +3 times and MVV at +2 times the daily move.
- Which one decays faster, MIDU or MVV?
- Decay follows how much the underlying moves about. Over this window MIDU’s moved at 12% annualized and MVV’s at 12%, so MIDU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold MIDU or MVV for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, MIDU or MVV?
- MIDU charges 0.98% a year and MVV charges 0.95%, so MVV is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MIDU against MVV, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/MIDU-MVV Free to use with attribution; the underlying files are at Open data.