Direxion Daily MU Bear 1X Shares (MUD)

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The chart shows the growth of an initial investment of $10,000 in Direxion Daily MU Bear 1X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Direxion Daily MU Bear 1X Shares (MUD) has returned -24.52% so far this year and -82.12% over the past 12 months.

Based on dividend-adjusted daily data since Oct 10, 2024, MUD's average daily return is -0.37%, while the average monthly return is -7.52%.

Historically, 39% of months were positive and 61% were negative. The best month was Mar 2026 with a return of +16.8%, while the worst month was Jan 2026 at -34.1%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 7 months.

On a daily basis, MUD closed higher 46% of trading days. The best single day was Apr 3, 2025 with a return of +16.1%, while the worst single day was Apr 9, 2025 at -18.9%.

Direxion Daily MU Bear 1X Shares has an annualized alpha of -50.71%, beta of -2.29, and R² of 0.38 versus S&P 500 Index. Calculated based on daily prices since October 11, 2024.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -75.08%), but participation in market rallies was also limited (-200.75%) — a profile typical of counter-cyclical assets.
• Beta of -2.29 may look defensive, but with R² of 0.38 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 0.38 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

MUD has a high expense ratio of 0.97%, indicating above-average management fees.

MUD ranks 1 for risk / return — in the bottom 1% 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.

The table below present risk-adjusted performance metrics for Direxion Daily MU Bear 1X Shares (MUD) and compare them to a chosen benchmark (S&P 500 Index).

Direxion Daily MU Bear 1X Shares provided a 7.81% dividend yield over the last twelve months, with an annual payout of $3.42 per share.

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.

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.

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 89.63%, occurring on Mar 17, 2026. The portfolio has not yet recovered.

The current Direxion Daily MU Bear 1X Shares drawdown is 86.10%.

The chart below shows the rolling one-month volatility.