IVV vs MIDU
IVV vs MIDU
iShares Core S&P 500 ETF vs Direxion Daily Mid Cap Bull 3X ETF
Quick Verdict
IVV has a lower expense ratio. MIDU delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MIDU | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.98% | |
| AUM | $865.2B | $71M | |
| Dividend Yield | 1.09% | 0.48% | |
| Holdings | 508 | 406 | |
| YTD Return | +13.31% | +39.48% | |
| 1Y Return | +24.00% | +60.15% | |
| 3Y Return (annualized) | +21.16% | +20.06% | |
| 5Y Return (annualized) | +13.34% | +4.41% | |
| Volatility (annualized) | 15.1% | 53.4% | |
| Max Drawdown | -56.5% | -86.5% | |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 8, 2009 |
IVV vs MIDU Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Direxion Daily Mid Cap Bull 3X ETF (MIDU) is a ETF from Direxion Shares ETF Trust. Over the past year IVV returned +24.00% while MIDU returned +60.15%. Year to date, IVV is up 13.31% versus a gain of 39.48% for MIDU.
Over three years, IVV compounded at +21.16% per year against +20.06% for MIDU; over five years the annualized figures are +13.34% and +4.41% respectively. Across the full 18-year window we track, MIDU has the edge at +16.73% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MIDU has been the more volatile fund, with annualized monthly volatility of 53.4% compared with 15.1% for IVV. 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 -56.5% for IVV and -86.5% for MIDU. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while MIDU charges 0.98%. On a $10,000 position that is $3 vs $98 annually, a gap of $95 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.48% for MIDU.
Holdings Overlap
IVV and MIDU share 1 holdings out of 905 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MIDU | Difference |
|---|---|---|---|
| PR | 0.62% | 0.28% | 0.34% |
Frequently Asked Questions
Which is cheaper, IVV or MIDU?
IVV has an expense ratio of 0.03% while MIDU charges 0.98%. IVV is the cheaper option. On a $10,000 investment, that is $95 per year of difference.
Which performed better, IVV or MIDU?
Over the past year IVV returned +24.00% vs +60.15% for MIDU, so MIDU leads on 1-year performance. Over the longest common window we track (18 years), IVV annualized +7.03% vs +16.73% for MIDU. Past performance does not guarantee future results.
Which is riskier, IVV or MIDU?
MIDU has been the more volatile fund at 53.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MIDU -86.5%.
Should I hold both IVV and MIDU?
IVV and MIDU have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and MIDU?
IVV and MIDU share 1 common holdings with a 0.3% weight overlap. Combined, they hold 905 unique securities.
Which pays a higher dividend, IVV or MIDU?
IVV yields 1.09% while MIDU yields 0.48%, so IVV currently pays the higher dividend yield.
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