AXTI vs. MUU

Last updated Jul 17, 2026

AXTI (AXT, Inc.) 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, AXTI returned 1806.69% vs 2599.25% for MUU. At a 0.35 correlation, their price movements are largely independent.

Performance

AXTI vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AXT, Inc. (AXTI) 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, AXTI achieves a 178.72% return, which is significantly lower than MUU's 449.17% return.

AXTI

• 1D: -14.69%
• 1M: -51.02%
• 6M: 77.18%
• YTD: 178.72%
• 1Y: 1,806.69%
• 3Y*: 149.33%
• 5Y*: 37.21%
• 10Y*: 29.75%

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)

AXTI vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AXTI AXT, Inc.	178.72%	653.46%	-13.20%
MUU Direxion Daily MU Bull 2X Shares	449.17%	599.03%	-40.91%

Correlation

The correlation between AXTI and MUU is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.35

Return for Risk

AXTI vs. MUU — Risk / Return Rank

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

AXTI

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

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.

AXTI vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AXT, Inc. (AXTI) 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.

	AXTI	MUU	Difference
Sharpe ratio: Return per unit of total volatility	12.78	17.30	-4.52
Sortino ratio: Return per unit of downside risk	4.79	5.00	-0.21
Omega ratio: Gain probability vs. loss probability	1.57	1.63	-0.05
Calmar ratio: Return relative to maximum drawdown	27.04	47.69	-20.64
Martin ratio: Return relative to average drawdown	89.79	152.81	-63.02

AXTI vs. MUU - Sharpe Ratio Comparison

The current AXTI Sharpe Ratio is 12.78, which is comparable to the MUU Sharpe Ratio of 17.30. The chart below compares the historical Sharpe Ratios of AXTI 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

AXTI vs. MUU - Drawdown Comparison

The maximum AXTI drawdown since its inception was -98.57%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for AXTI and MUU.

Drawdown Indicators

	AXTI	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-98.57%	-75.07%	-23.50%
Max Drawdown (1Y) Largest decline over 1 year	-67.64%	-55.25%	-12.39%
Max Drawdown (3Y) Largest decline over 3 years	-78.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-88.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.45%	—	—
Current Drawdown Current decline from peak	-67.64%	-55.25%	-12.39%
Average Drawdown Average peak-to-trough decline	-82.17%	-23.62%	-58.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.33%	17.31%	+3.02%

Volatility

AXTI vs. MUU - Volatility Comparison

The current volatility for AXT, Inc. (AXTI) is 42.83%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 62.52%. This indicates that AXTI 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

	AXTI	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.83%	62.52%	-19.69%
Volatility (6M) Calculated over the trailing 6-month period	117.86%	125.23%	-7.37%
Volatility (1Y) Calculated over the trailing 1-year period	143.18%	152.52%	-9.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.21%	142.32%	-44.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.90%	142.32%	-58.42%

Dividends

AXTI vs. MUU - Dividend Comparison

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

Position	TTM	2025	2024
AXTI AXT, Inc.	0.00%	0.00%	0.00%
MUU Direxion Daily MU Bull 2X Shares	1.24%	4.27%	0.31%

Frequently Asked Questions

Can I hold both AXTI and MUU in my portfolio?

AXTI and MUU have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AXTI or MUU?

MUU has higher volatility (62.52%) compared to AXTI (42.83%). In terms of maximum drawdown, AXTI dropped -98.57% vs MUU's -75.07%.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (17.30 vs 12.78), 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.