# MIDU (Direxion Daily Mid Cap Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: MIDU returned −18.8% where its own daily promise gave −16.6%, 2.1 points short.

## Key facts

- MIDU, what MDY did: −5.6%, as of Sep 30, 2026.
- MIDU, what 3 times a day gives: −16.6%, as of Sep 30, 2026.
- MIDU, what the fund returned: −18.8%, as of Sep 30, 2026.
- MIDU, the fund itself cost: −2.1 pts, as of Sep 30, 2026.
- MIDU, net assets: $59m (issuer page, as of Sep 30, 2026).
- MIDU, expense ratio: 0.98% (485BPOS XBRL, Feb 26, 2026).

## MIDU over each window to Sep 30, 2026

| Window | Fund | MDY | +3x the move | Difference | MDY moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −13.3% | −4.2% | −12.6% | −0.7 pts | 10% |
| 3 months | −18.8% | −5.6% | −16.7% | −2.1 pts | 12% |
| 6 months | +11.2% | +6.1% | +18.4% | −7.2 pts | 14% |
| 1 year | +17.3% | +11.4% | +34.2% | −16.9 pts | 15% |
| 3 years | +79.8% | +49.0% | +146.9% | −67.1 pts | 18% |
| Since launch | +1229.4% | +502.3% | not meaningful over this window | not meaningful over this window | 20% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of MDY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.38 times, against +3 stated | ETFIQ |
| Underlying | MDY | ETFIQ |
| Segment | broad index, US mid cap | ETFIQ |
| Net assets | $59m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.98% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 12% annualized | ETFIQ |

## Questions

### Did MIDU return +3 times MDY?

Over the window to Sep 30, 2026, MDY moved −5.6% and MIDU returned −18.8%. 3 times that move is −16.7%, so the fund came out 2.1 points short of it.

### Why does MIDU not return +3 times over a year?

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.

### Which +3x MDY ETF tracked its stated multiple most closely?

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.


## Cite this page

ETFIQ, MIDU, data as of Sep 30, 2026. https://etfiq.com/funds/midu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/midu  ·  JSON: https://etfiq.com/funds/midu.json