- Issuer
- Direxion
- Inception Date
- Oct 9, 2024
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $7B
Share Price Chart
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Performance
MUU Performance Chart
Direxion Daily MU Bull 2X Shares (MUU) is up 727.8% since the beginning of the year. MUU is currently trading at $831 per share.
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Returns By Period
Direxion Daily MU Bull 2X Shares (MUU) has returned 727.77% so far this year and 3,922.69% over the past 12 months.
Direxion Daily MU Bull 2X Shares
- 1D
- -3.04%
- 1M
- 33.37%
- YTD
- 727.77%
- 6M
- 1,033.51%
- 1Y
- 3,922.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
MUU Monthly Returns History
Based on dividend-adjusted daily data since Oct 10, 2024, MUU's average daily return is +1.22%, while the average monthly return is +30.30%. At this rate, an investment would double in approximately 0.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2026 with a return of +220.1%, while the worst month was Mar 2026 at -37.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MUU closed higher 55% of trading days. The best single day was May 26, 2026 with a return of +38.5%, while the worst single day was Dec 19, 2024 at -32.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 101.13% | -5.28% | -37.04% | 124.90% | 220.11% | -4.15% | 727.77% | ||||||
| 2025 | 11.89% | 1.87% | -17.37% | -30.87% | 47.47% | 66.95% | -22.83% | 15.48% | 92.03% | 72.34% | 5.48% | 40.15% | 599.03% |
| 2024 | -9.28% | -5.85% | -30.82% | -40.91% |
Benchmark Metrics
Direxion Daily MU Bull 2X Shares has an annualized alpha of 862.13%, beta of 4.86, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since October 10, 2024.
- This ETF captured 20260.75% of S&P 500 Index gains and 339.87% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- 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
- 862.13%
- Beta
- 4.86
- R²
- 0.36
- Upside Capture
- 20,260.75%
- Downside Capture
- 339.87%
Expense Ratio
MUU has a high expense ratio of 1.06%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MUU ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily MU Bull 2X Shares (MUU) 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.
| MUU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +26.76 | ||
| Sortino ratioReturn per unit of downside risk | +3.47 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.34 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 75.54 | 2.53 | +73.01 |
| Martin ratioReturn relative to average drawdown | 245.88 | 11.37 | +234.51 |
Dividends
Dividend History
Direxion Daily MU Bull 2X Shares provided a 0.58% dividend yield over the last twelve months, with an annual payout of $4.85 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $4.85 | $4.30 | $0.05 |
Dividend yield | 0.58% | 4.27% | 0.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily MU Bull 2X 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 | $0.68 | $0.00 | $0.00 | $0.00 | $0.68 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $4.01 | $4.30 |
| 2024 | $0.05 | $0.05 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily MU Bull 2X 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 Bull 2X Shares was 75.07%, occurring on Apr 4, 2025. Recovery took 109 trading sessions.
The current Direxion Daily MU Bull 2X Shares drawdown is 22.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -75.07%Apr 2025 | 4mo 27d | 5mo 10d | 10mo 7dNov 2024 - Sep 2025 |
2026 bear market2026 | -52.72%Mar 2026 | 11d | 23d | 1mo 4dMar 2026 - Apr 2026 |
2025 bear market2025 | -38.70%Nov 2025 | 9d | 20d | 29dNov 2025 - Dec 2025 |
2026 bear market2026 | -37.90%Jun 2026 | 1d | — | 9d 18hJun 2026 - now |
2026 bear market2026 | -32.32%Mar 2026 | 1mo 1d | 11d | 1mo 12dFeb 2026 - Mar 2026 |
Drawdown Indicators
| MUU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.07% | -56.78% | -18.29% |
Max Drawdown (1Y)Largest decline over 1 year | -52.72% | -9.10% | -43.62% |
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 | -22.00% | -2.34% | -19.66% |
Average DrawdownAverage peak-to-trough decline | -23.43% | -10.72% | -12.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.16% | 2.02% | +14.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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