- CUSIP
- 25461A510
- Issuer
- Direxion
- Inception Date
- Oct 9, 2024
- Category
- Inverse Equities
- Leveraged
- -1x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MUD Performance Chart
Direxion Daily MU Bear 1X Shares (MUD) is down 83.1% since the beginning of the year. MUD is currently trading at $10 per share.
Loading charts...
Returns By Period
Direxion Daily MU Bear 1X Shares (MUD) has returned -83.10% so far this year and -93.60% over the past 12 months.
Direxion Daily MU Bear 1X Shares
- 1D
- -6.93%
- 1M
- -44.97%
- YTD
- -83.10%
- 6M
- -83.63%
- 1Y
- -93.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MUD Monthly Returns History
Based on dividend-adjusted daily data since Oct 10, 2024, MUD's average daily return is -0.64%, while the average monthly return is -11.92%.
Historically, 33% of months were positive and 67% were negative. The best month was Mar 2026 with a return of +16.8%, while the worst month was May 2026 at -52.1%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 7 months.
On a daily basis, MUD closed higher 45% of trading days. The best single day was Apr 3, 2025 with a return of +16.1%, while the worst single day was May 26, 2026 at -19.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -34.08% | -1.95% | 16.77% | -37.00% | -52.05% | -25.87% | -83.10% | ||||||
| 2025 | -10.76% | -4.41% | 5.14% | 2.21% | -19.30% | -23.95% | 12.04% | -9.12% | -30.28% | -27.13% | -9.32% | -19.49% | -78.75% |
| 2024 | 5.40% | 1.10% | 11.79% | 19.12% |
Benchmark Metrics
Direxion Daily MU Bear 1X Shares has an annualized alpha of -70.41%, beta of -2.47, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since October 10, 2024.
- This ETF participated in 96.63% of S&P 500 Index downside but only -165.86% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -2.47 may look defensive, but with R2 of 0.36 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.36 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -70.41%
- Beta
- -2.47
- R²
- 0.36
- Upside Capture
- -165.86%
- Downside Capture
- 96.63%
Expense Ratio
MUD has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MUD ranks 0 for risk / return — in the bottom 0% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily MU Bear 1X Shares (MUD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MUD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.34 | ||
| Sortino ratioReturn per unit of downside risk | -6.81 | ||
| Omega ratioGain probability vs. loss probability | 0.56 | 1.37 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.78 | -3.78 |
| Martin ratioReturn relative to average drawdown | -1.46 | 12.44 | -13.90 |
Dividends
Dividend History
Direxion Daily MU Bear 1X Shares provided a 34.86% dividend yield over the last twelve months, with an annual payout of $3.42 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $3.42 | $5.38 | $1.35 |
Dividend yield | 34.86% | 9.21% | 0.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily MU Bear 1X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.27 | ||||||
| 2025 | $0.00 | $0.00 | $2.23 | $0.00 | $0.00 | $2.06 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.38 | $5.38 |
| 2024 | $1.35 | $1.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily MU Bear 1X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily MU Bear 1X Shares was 96.89%, occurring on Jun 22, 2026. The portfolio has not yet recovered.
The current Direxion Daily MU Bear 1X Shares drawdown is 96.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -96.89%Jun 2026 | 1y 2mo | — | 1y 2moApr 2025 - now |
2025 selloff2025 | -24.70%Feb 2025 | 1mo 17d | 1mo 14d | 3mo 1dJan 2025 - Apr 2025 |
2024 correction2024 | -12.41%Nov 2024 | 3d | 8d | 11dNov 2024 - Nov 2024 |
2024 correction2024 | -12.08%Dec 2024 | 29d | 2d | 1mo 1dNov 2024 - Dec 2024 |
2024 pullback2024 | -7.15%Oct 2024 | 1d | 14d | 15dOct 2024 - Oct 2024 |
Drawdown Indicators
| MUD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.89% | -56.78% | -40.11% |
Max Drawdown (1Y)Largest decline over 1 year | -94.52% | -9.10% | -85.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -96.89% | -1.80% | -95.09% |
Average DrawdownAverage peak-to-trough decline | -51.50% | -10.71% | -40.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.02% | 2.03% | +61.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MUD
Add Direxion Daily MU Bear 1X Shares to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MUD