{
 "ticker": "MIDU",
 "name": "Direxion Daily Mid Cap Bull 3X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/midu",
 "html": "https://etfiq.com/funds/midu",
 "markdown": "https://etfiq.com/funds/midu.md",
 "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.",
 "key_facts": [
  {
   "key": "what_mdy_did",
   "label": "What MDY did",
   "value": "\u22125.6%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MIDU, what MDY did: \u22125.6%, as of Sep 30, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What 3 times a day gives",
   "value": "\u221216.6%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MIDU, what 3 times a day gives: \u221216.6%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221218.8%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MIDU, what the fund returned: \u221218.8%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.1 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MIDU, the fund itself cost: \u22122.1 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$59m",
   "source": "issuer page, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "MIDU, net assets: $59m (issuer page, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.98%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-30",
   "sentence": "MIDU, expense ratio: 0.98% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of MDY, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+3.38 times, against +3 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "MDY",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "broad index, US mid cap",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$59m",
   "source": "issuer page, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.98%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 4, 2010",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "12% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221213.3%",
   "MDY": "\u22124.2%",
   "+3x the move": "\u221212.6%",
   "Difference": "\u22120.7 pts",
   "MDY moved about": "10%"
  },
  {
   "window": "3 months",
   "Fund": "\u221218.8%",
   "MDY": "\u22125.6%",
   "+3x the move": "\u221216.7%",
   "Difference": "\u22122.1 pts",
   "MDY moved about": "12%"
  },
  {
   "window": "6 months",
   "Fund": "+11.2%",
   "MDY": "+6.1%",
   "+3x the move": "+18.4%",
   "Difference": "\u22127.2 pts",
   "MDY moved about": "14%"
  },
  {
   "window": "1 year",
   "Fund": "+17.3%",
   "MDY": "+11.4%",
   "+3x the move": "+34.2%",
   "Difference": "\u221216.9 pts",
   "MDY moved about": "15%"
  },
  {
   "window": "3 years",
   "Fund": "+79.8%",
   "MDY": "+49.0%",
   "+3x the move": "+146.9%",
   "Difference": "\u221267.1 pts",
   "MDY moved about": "18%"
  },
  {
   "window": "Since launch",
   "Fund": "+1229.4%",
   "MDY": "+502.3%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "MDY moved about": "20%"
  }
 ],
 "questions": [
  {
   "q": "Did MIDU return +3 times MDY?",
   "a": "Over the window to Sep 30, 2026, MDY moved \u22125.6% and MIDU returned \u221218.8%. 3 times that move is \u221216.7%, so the fund came out 2.1 points short of it."
  },
  {
   "q": "Why does MIDU not return +3 times over a year?",
   "a": "Because it resets daily. MIDU aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  },
  {
   "q": "Which +3x MDY ETF tracked its stated multiple most closely?",
   "a": "2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 3 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}