{"url":"https://etfiq.com/compare/leverage/midu-vs-umdd","section":"compare","title":"MIDU vs UMDD: which held to its multiple? | ETFIQ","description":"MIDU sets out to return +3 times MDY each day and UMDD +3 times. Over the three months to Sep 30, 2026 they finished \u22122.1 pts and \u22121.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, MIDU or UMDD?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MIDU finished 2.1 points from what its multiple implies and UMDD finished 1.5 points from its own, so UMDD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are MIDU and UMDD levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on the S&P MidCap 400, MIDU at +3 times and UMDD at +3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MIDU or UMDD?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MIDU\u2019s moved at 12% annualized and UMDD\u2019s at 12%, so MIDU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold MIDU or UMDD for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, MIDU or UMDD?","acceptedAnswer":{"@type":"Answer","text":"MIDU charges 0.98% a year and UMDD charges 0.95%, so UMDD is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"MIDU vs UMDD","item":"https://etfiq.com/compare/leverage/midu-vs-umdd"}]},{"@type":"WebPage","name":"MIDU vs UMDD: which held to its multiple?","description":"MIDU sets out to return +3 times MDY each day and UMDD +3 times. Over the three months to Sep 30, 2026 they finished \u22122.1 pts and \u22121.5 pts away.","url":"https://etfiq.com/compare/leverage/midu-vs-umdd","dateModified":"2026-09-30","abstract":"Over the days both have traded, MIDU finished 2.1 points from its stated multiple and UMDD 1.5.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of MIDU and UMDD","description":"MIDU sets out to return +3 times MDY each day and UMDD +3 times. Over the three months to Sep 30, 2026 they finished \u22122.1 pts and \u22121.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/midu-vs-umdd","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6636,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MIDU vs UMDD \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MIDU vs UMDD: which held to its multiple?\n\n Over the days both have traded, MIDU finished 2.1 points from its stated multiple and UMDD 1.5.\n Copy this for sharing \n \n Direxion Daily Mid Cap Bull 3X ETF and ProShares UltraPro MidCap400.\n\n Download as PDF \n\n \u221218.8% MIDU returned, 3 months \n \u221218.2% UMDD returned, 3 months \n \u22122.1 pts MIDU from its stated multiple \n \u22121.5 pts UMDD from its stated multiple \n\n ETFIQ Decay Resistance Score: UMDD scores higher\n Did it keep up with","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/midu-vs-umdd","a":{"ticker":"MIDU","name":"Direxion Daily Mid Cap Bull 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MIDU returned \u221218.8% where its own daily promise gave \u221216.6%, 2.1 points short.","url":"https://etfiq.com/funds/midu","key_facts":[{"label":"What MDY did","value":"\u22125.6%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u221216.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221218.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$59m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.98%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"UMDD","name":"ProShares UltraPro MidCap400","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: UMDD returned \u221218.2% where its own daily promise gave \u221216.6%, 1.6 points short.","url":"https://etfiq.com/funds/umdd","key_facts":[{"label":"What MDY did","value":"\u22125.6%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u221216.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221218.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$26m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/midu-vs-umdd"}