AUSF vs. MUU

Last updated Jul 14, 2026

AUSF (Global X Adaptive U.S. Factor ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - AUSF is a Mid Cap Value Equities fund tracking the Adaptive Wealth Strategies U.S. Factor Index, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, AUSF returned 14.34% vs 2796.55% for MUU. At a 0.15 correlation, their price movements are largely independent. AUSF charges 0.27%/yr vs 1.01%/yr for MUU.

Performance

AUSF vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Adaptive U.S. Factor ETF (AUSF) 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, AUSF achieves a 10.04% return, which is significantly lower than MUU's 575.80% return.

AUSF

• 1D: 0.56%
• 1M: 0.70%
• 6M: 6.93%
• YTD: 10.04%
• 1Y: 14.34%
• 3Y*: 19.32%
• 5Y*: 14.15%
• 10Y*: —

MUU

• 1D: -9.01%
• 1M: -18.36%
• 6M: 372.65%
• YTD: 575.80%
• 1Y: 2,796.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUSF vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AUSF Global X Adaptive U.S. Factor ETF	10.04%	13.69%	-0.75%
MUU Direxion Daily MU Bull 2X Shares	575.80%	599.03%	-40.91%

Correlation

The correlation between AUSF and MUU is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.15

The correlation between AUSF and MUU shifts across timeframes, from -0.02 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AUSF vs. MUU — Risk / Return Rank

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

AUSF

AUSF Risk / Return Rank: 52
AUSF Sharpe Ratio Rank: 51
AUSF Sortino Ratio Rank: 51
AUSF Omega Ratio Rank: 47
AUSF Calmar Ratio Rank: 62
AUSF Martin Ratio Rank: 51

MUU

MUU Risk / Return Rank: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 100
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.

AUSF vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Adaptive U.S. Factor ETF (AUSF) 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.

	AUSF	MUU	Difference
Sharpe ratio: Return per unit of total volatility	1.39	23.95	-22.56
Sortino ratio: Return per unit of downside risk	2.02	5.62	-3.59
Omega ratio: Gain probability vs. loss probability	1.24	1.69	-0.45
Calmar ratio: Return relative to maximum drawdown	2.46	66.09	-63.63
Martin ratio: Return relative to average drawdown	6.99	221.31	-214.32

AUSF vs. MUU - Sharpe Ratio Comparison

The current AUSF Sharpe Ratio is 1.39, which is lower than the MUU Sharpe Ratio of 23.95. The chart below compares the historical Sharpe Ratios of AUSF 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

AUSF vs. MUU - Drawdown Comparison

The maximum AUSF drawdown since its inception was -44.25%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for AUSF and MUU.

Drawdown Indicators

	AUSF	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-44.25%	-75.07%	+30.82%
Max Drawdown (1Y) Largest decline over 1 year	-5.84%	-52.72%	+46.88%
Max Drawdown (3Y) Largest decline over 3 years	-12.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.23%	—	—
Current Drawdown Current decline from peak	0.00%	-36.32%	+36.32%
Average Drawdown Average peak-to-trough decline	-4.18%	-23.43%	+19.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	16.57%	-14.51%

Volatility

AUSF vs. MUU - Volatility Comparison

The current volatility for Global X Adaptive U.S. Factor ETF (AUSF) is 3.70%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.81%. This indicates that AUSF 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

	AUSF	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	67.81%	-64.11%
Volatility (6M) Calculated over the trailing 6-month period	7.10%	116.35%	-109.25%
Volatility (1Y) Calculated over the trailing 1-year period	10.35%	145.78%	-135.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.62%	138.10%	-124.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.99%	138.10%	-119.11%

AUSF vs. MUU - Expense Ratio Comparison

AUSF has a 0.27% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

AUSF vs. MUU - Dividend Comparison

AUSF's dividend yield for the trailing twelve months is around 2.67%, more than MUU's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AUSF Global X Adaptive U.S. Factor ETF	2.67%	2.78%	2.63%	1.83%	2.51%	2.22%	2.95%	4.02%	1.46%
MUU Direxion Daily MU Bull 2X Shares	0.70%	4.27%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AUSF and MUU in my portfolio?

AUSF and MUU have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUSF or MUU?

MUU has higher volatility (67.81%) compared to AUSF (3.70%). In terms of maximum drawdown, AUSF dropped -44.25% vs MUU's -75.07%.

Which ETF is better, AUSF or MUU?

On 1-year performance, MUU leads with 2796.55% vs 14.34% for AUSF. On fees, AUSF is cheaper at 0.27% per year. On volatility, AUSF has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUSF or MUU?

Over the 1-year period, MUU has performed better with a 2796.55% return vs 14.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUSF or MUU?

AUSF is cheaper with a 0.27% expense ratio, compared with 1.01% for MUU.

Which ETF pays a higher dividend yield, AUSF or MUU?

AUSF has the higher dividend yield at 2.67%, compared with 0.70% for MUU.

What is the main difference between AUSF and MUU?

AUSF is categorized as Mid Cap Value Equities, while MUU is Leveraged Equities. AUSF tracks Adaptive Wealth Strategies U.S. Factor Index, while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: Global X and Direxion. Their fees differ too: 0.27% for AUSF and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (23.95 vs 1.39), 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.