ASMU vs. SPUU
ASMU (Direxion Daily ASML Bull 2X ETF) and SPUU (Direxion Daily S&P 500 Bull 2X ETF) are both Leveraged Equities funds from Direxion. ASMU is actively managed, while SPUU is passively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. ASMU charges 0.97%/yr vs 0.60%/yr for SPUU.
Performance
ASMU vs. SPUU - Performance Comparison
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Returns By Period
ASMU
- 1D
- -2.65%
- 1M
- -17.30%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPUU
- 1D
- 1.52%
- 1M
- 0.24%
- 6M
- 14.02%
- YTD
- 16.72%
- 1Y
- 38.14%
- 3Y*
- 31.33%
- 5Y*
- 17.73%
- 10Y*
- 23.82%
- ALL TIME*
- 21.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.73M | $6.77M | $4.71M | |
| $4.20M | $4.55M | $4.33M |
ASMU vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ASMU Direxion Daily ASML Bull 2X ETF | 7.22% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 14.10% |
Correlation
The correlation between ASMU and SPUU is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026 | 0.68 |
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Return for Risk
ASMU vs. SPUU — Risk / Return Rank
ASMU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPUU
ASMU vs. SPUU - 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 S&P 500 Bull 2X ETF (SPUU). 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 | SPUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.85 | — |
| Martin ratioReturn relative to average drawdown | — | 7.47 | — |
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Drawdowns
ASMU vs. SPUU - Drawdown Comparison
The maximum ASMU drawdown since its inception was -41.09%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for ASMU and SPUU.
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Drawdown Indicators
| ASMU | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.09% | -59.35% | +18.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.19% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -35.18% | -3.83% | -31.35% |
Average DrawdownAverage peak-to-trough decline | -14.22% | -9.44% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.51% | — |
Volatility
ASMU vs. SPUU - Volatility Comparison
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Volatility by Period
| ASMU | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 106.89% | 25.88% | +81.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.89% | 33.70% | +73.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.89% | 35.79% | +71.10% |
ASMU vs. SPUU - Expense Ratio Comparison
ASMU has a 0.97% expense ratio, which is higher than SPUU's 0.60% expense ratio.
Dividends
ASMU vs. SPUU - Dividend Comparison
ASMU's dividend yield for the trailing twelve months is around 0.67%, less than SPUU's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASMU Direxion Daily ASML Bull 2X ETF | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 1.34% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Frequently Asked Questions
ASMU and SPUU have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPUU is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPUU is cheaper with a 0.60% expense ratio, compared with 0.97% for ASMU.
SPUU has the higher dividend yield at 1.34%, compared with 0.67% for ASMU.
Their fees differ too: 0.97% for ASMU and 0.60% for SPUU.
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