AVL vs. MU

Last updated Jul 15, 2026

AVL (Direxion Daily AVGO Bull 2X Shares) is Leveraged Equities fund actively managed by Direxion, while MU (Micron Technology, Inc.) is a stock. Over the past year, AVL returned 46.06% vs 730.20% for MU. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

AVL vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AVGO Bull 2X Shares (AVL) and Micron Technology, Inc. (MU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVL achieves a 6.46% return, which is significantly lower than MU's 244.66% return.

AVL

• 1D: 3.07%
• 1M: 1.32%
• 6M: 2.28%
• YTD: 6.46%
• 1Y: 46.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MU

• 1D: 4.92%
• 1M: 0.17%
• 6M: 190.92%
• YTD: 244.66%
• 1Y: 730.20%
• 3Y*: 149.40%
• 5Y*: 67.30%
• 10Y*: 54.36%

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

AVL vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	6.46%	54.38%	38.75%
MU Micron Technology, Inc.	244.66%	240.24%	-17.14%

Correlation

The correlation between AVL and MU is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.53

The correlation between AVL and MU has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.

Return for Risk

AVL vs. MU — Risk / Return Rank

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

AVL

AVL Risk / Return Rank: 23
AVL Sharpe Ratio Rank: 19
AVL Sortino Ratio Rank: 28
AVL Omega Ratio Rank: 29
AVL Calmar Ratio Rank: 23
AVL Martin Ratio Rank: 19

MU

MU Risk / Return Rank: 99
MU Sharpe Ratio Rank: 100
MU Sortino Ratio Rank: 99
MU Omega Ratio Rank: 98
MU Calmar Ratio Rank: 100
MU Martin Ratio Rank: 100

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.

AVL vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AVGO Bull 2X Shares (AVL) and Micron Technology, Inc. (MU). 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.

	AVL	MU	Difference
Sharpe ratio: Return per unit of total volatility	0.49	9.73	-9.24
Sortino ratio: Return per unit of downside risk	1.30	5.51	-4.21
Omega ratio: Gain probability vs. loss probability	1.17	1.71	-0.54
Calmar ratio: Return relative to maximum drawdown	0.86	24.35	-23.49
Martin ratio: Return relative to average drawdown	1.70	87.73	-86.03

AVL vs. MU - Sharpe Ratio Comparison

The current AVL Sharpe Ratio is 0.49, which is lower than the MU Sharpe Ratio of 9.73. The chart below compares the historical Sharpe Ratios of AVL and MU, 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

AVL vs. MU - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for AVL and MU.

Drawdown Indicators

	AVL	MU	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-98.25%	+27.62%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	-30.28%	-23.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-57.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-57.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.63%	—
Current Drawdown Current decline from peak	-38.74%	-18.98%	-19.76%
Average Drawdown Average peak-to-trough decline	-24.36%	-58.06%	+33.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.15%	8.39%	+18.76%

Volatility

AVL vs. MU - Volatility Comparison

The current volatility for Direxion Daily AVGO Bull 2X Shares (AVL) is 29.30%, while Micron Technology, Inc. (MU) has a volatility of 32.01%. This indicates that AVL experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVL	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.30%	32.01%	-2.71%
Volatility (6M) Calculated over the trailing 6-month period	69.35%	62.21%	+7.14%
Volatility (1Y) Calculated over the trailing 1-year period	93.90%	75.97%	+17.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.18%	54.84%	+52.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.18%	50.69%	+56.49%

Dividends

AVL vs. MU - Dividend Comparison

AVL's dividend yield for the trailing twelve months is around 27.88%, more than MU's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021
AVL Direxion Daily AVGO Bull 2X Shares	27.88%	29.04%	0.22%	0.00%	0.00%	0.00%
MU Micron Technology, Inc.	0.05%	0.16%	0.55%	0.54%	0.89%	0.21%

Frequently Asked Questions

Can I hold both AVL and MU in my portfolio?

AVL and MU have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVL or MU?

MU has higher volatility (32.01%) compared to AVL (29.30%). In terms of maximum drawdown, AVL dropped -70.63% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (9.73 vs 0.49), 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.