ASMU vs. MUU
ASMU (Direxion Daily ASML Bull 2X ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion. ASMU is actively managed, while MUU is passively managed. At a 0.46 correlation, their price movements are largely independent. ASMU charges 0.97%/yr vs 1.01%/yr for MUU.
Performance
ASMU vs. MUU - Performance Comparison
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Returns By Period
ASMU
- 1D
- -8.10%
- 1M
- -17.67%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUU
- 1D
- -9.01%
- 1M
- -18.36%
- 6M
- 372.65%
- YTD
- 575.80%
- 1Y
- 2,796.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASMU vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ASMU Direxion Daily ASML Bull 2X ETF | 22.71% |
MUU Direxion Daily MU Bull 2X Shares | 324.31% |
Correlation
The correlation between ASMU and MUU is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026 | 0.46 |
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Return for Risk
ASMU vs. MUU — Risk / Return Rank
ASMU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUU
ASMU vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ASML Bull 2X ETF (ASMU) 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.
| ASMU | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.69 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 66.09 | — |
| Martin ratioReturn relative to average drawdown | — | 221.31 | — |
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Drawdowns
ASMU vs. MUU - Drawdown Comparison
The maximum ASMU drawdown since its inception was -34.79%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for ASMU and MUU.
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Drawdown Indicators
| ASMU | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.79% | -75.07% | +40.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.72% | — |
Current DrawdownCurrent decline from peak | -25.82% | -36.32% | +10.50% |
Average DrawdownAverage peak-to-trough decline | -12.54% | -23.43% | +10.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.57% | — |
Volatility
ASMU vs. MUU - Volatility Comparison
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Volatility by Period
| ASMU | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 67.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 116.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 107.45% | 145.78% | -38.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.45% | 138.10% | -30.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.45% | 138.10% | -30.65% |
ASMU vs. MUU - Expense Ratio Comparison
ASMU has a 0.97% expense ratio, which is lower than MUU's 1.01% expense ratio.
Dividends
ASMU vs. MUU - Dividend Comparison
ASMU's dividend yield for the trailing twelve months is around 0.59%, less than MUU's 0.70% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ASMU Direxion Daily ASML Bull 2X ETF | 0.59% | 0.00% | 0.00% |
MUU Direxion Daily MU Bull 2X Shares | 0.70% | 4.27% | 0.31% |
Frequently Asked Questions
ASMU and MUU have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASMU is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASMU is cheaper with a 0.97% expense ratio, compared with 1.01% for MUU.
MUU has the higher dividend yield at 0.70%, compared with 0.59% for ASMU.
Their fees differ too: 0.97% for ASMU and 1.01% for MUU.
Find the right allocation for ASMU and MUU
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