AP vs. MUU

Last updated Jul 17, 2026

AP (Ampco-Pittsburgh Corporation) is a stock, while MUU (Direxion Daily MU Bull 2X Shares) is Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Over the past year, AP returned 139.88% vs 2599.25% for MUU. At a 0.23 correlation, their price movements are largely independent.

Performance

AP vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ampco-Pittsburgh Corporation (AP) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AP achieves a 46.72% return, which is significantly lower than MUU's 449.17% return.

AP

• 1D: -3.58%
• 1M: -32.35%
• 6M: 35.29%
• YTD: 46.72%
• 1Y: 139.88%
• 3Y*: 28.56%
• 5Y*: 5.44%
• 10Y*: -4.66%

MUU

• 1D: -12.02%
• 1M: -37.86%
• 6M: 305.92%
• YTD: 449.17%
• 1Y: 2,599.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AP vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AP Ampco-Pittsburgh Corporation	46.72%	155.02%	20.11%
MUU Direxion Daily MU Bull 2X Shares	449.17%	599.03%	-40.91%

Correlation

The correlation between AP and MUU is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.23

Return for Risk

AP vs. MUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AP

AP Risk / Return Rank: 83
AP Sharpe Ratio Rank: 87
AP Sortino Ratio Rank: 85
AP Omega Ratio Rank: 80
AP Calmar Ratio Rank: 84
AP Martin Ratio Rank: 82

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 95
MUU Calmar Ratio Rank: 99
MUU Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AP vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ampco-Pittsburgh Corporation (AP) and Direxion Daily MU Bull 2X Shares (MUU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AP	MUU	Difference
Sharpe ratio: Return per unit of total volatility	1.61	17.30	-15.69
Sortino ratio: Return per unit of downside risk	2.37	5.00	-2.63
Omega ratio: Gain probability vs. loss probability	1.26	1.63	-0.36
Calmar ratio: Return relative to maximum drawdown	2.77	47.69	-44.92
Martin ratio: Return relative to average drawdown	5.87	152.81	-146.95

AP vs. MUU - Sharpe Ratio Comparison

The current AP Sharpe Ratio is 1.61, which is lower than the MUU Sharpe Ratio of 17.30. The chart below compares the historical Sharpe Ratios of AP and MUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AP vs. MUU - Drawdown Comparison

The maximum AP drawdown since its inception was -98.06%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for AP and MUU.

Drawdown Indicators

	AP	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-98.06%	-75.07%	-22.99%
Max Drawdown (1Y) Largest decline over 1 year	-50.80%	-55.25%	+4.45%
Max Drawdown (3Y) Largest decline over 3 years	-80.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-88.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-95.90%	—	—
Current Drawdown Current decline from peak	-79.76%	-55.25%	-24.51%
Average Drawdown Average peak-to-trough decline	-52.28%	-23.62%	-28.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.94%	17.31%	+6.63%

Volatility

AP vs. MUU - Volatility Comparison

The current volatility for Ampco-Pittsburgh Corporation (AP) is 21.34%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 62.52%. This indicates that AP experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AP	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.34%	62.52%	-41.18%
Volatility (6M) Calculated over the trailing 6-month period	67.06%	125.23%	-58.17%
Volatility (1Y) Calculated over the trailing 1-year period	87.36%	152.52%	-65.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.45%	142.32%	-66.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.97%	142.32%	-69.35%

Dividends

AP vs. MUU - Dividend Comparison

AP has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 1.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AP Ampco-Pittsburgh Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.45%	2.69%	7.02%
MUU Direxion Daily MU Bull 2X Shares	1.24%	4.27%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AP and MUU in my portfolio?

AP and MUU have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AP or MUU?

MUU has higher volatility (62.52%) compared to AP (21.34%). In terms of maximum drawdown, AP dropped -98.06% vs MUU's -75.07%.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (17.30 vs 1.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.