CHPS vs. MUU

Last updated Jul 15, 2026

CHPS (Xtrackers Semiconductor Select Equity ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, CHPS returned 156.63% vs 3397.63% for MUU. A 0.72 correlation means they provide meaningful diversification when combined. CHPS charges 0.15%/yr vs 1.01%/yr for MUU.

Performance

CHPS vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Semiconductor Select Equity ETF (CHPS) 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, CHPS achieves a 92.17% return, which is significantly lower than MUU's 640.02% return.

CHPS

• 1D: 2.67%
• 1M: -5.95%
• 6M: 72.81%
• YTD: 92.17%
• 1Y: 156.63%
• 3Y*: 54.34%
• 5Y*: —
• 10Y*: —

MUU

• 1D: 9.50%
• 1M: -10.60%
• 6M: 441.55%
• YTD: 640.02%
• 1Y: 3,397.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPS vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CHPS Xtrackers Semiconductor Select Equity ETF	92.17%	58.47%	-8.36%
MUU Direxion Daily MU Bull 2X Shares	640.02%	599.03%	-40.91%

Correlation

The correlation between CHPS and MUU is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.72

The correlation between CHPS and MUU has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.

Return for Risk

CHPS vs. MUU — Risk / Return Rank

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

CHPS

CHPS Risk / Return Rank: 95
CHPS Sharpe Ratio Rank: 97
CHPS Sortino Ratio Rank: 93
CHPS Omega Ratio Rank: 93
CHPS Calmar Ratio Rank: 97
CHPS Martin Ratio Rank: 96

MUU

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

CHPS vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Semiconductor Select Equity ETF (CHPS) 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.

	CHPS	MUU	Difference
Sharpe ratio: Return per unit of total volatility	3.68	29.47	-25.79
Sortino ratio: Return per unit of downside risk	3.67	5.90	-2.23
Omega ratio: Gain probability vs. loss probability	1.50	1.73	-0.23
Calmar ratio: Return relative to maximum drawdown	8.85	81.19	-72.33
Martin ratio: Return relative to average drawdown	28.22	269.76	-241.54

CHPS vs. MUU - Sharpe Ratio Comparison

The current CHPS Sharpe Ratio is 3.68, which is lower than the MUU Sharpe Ratio of 29.47. The chart below compares the historical Sharpe Ratios of CHPS 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

CHPS vs. MUU - Drawdown Comparison

The maximum CHPS drawdown since its inception was -39.44%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for CHPS and MUU.

Drawdown Indicators

	CHPS	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-39.44%	-75.07%	+35.63%
Max Drawdown (1Y) Largest decline over 1 year	-17.80%	-52.72%	+34.92%
Max Drawdown (3Y) Largest decline over 3 years	-39.44%	—	—
Current Drawdown Current decline from peak	-15.60%	-30.27%	+14.67%
Average Drawdown Average peak-to-trough decline	-9.13%	-23.44%	+14.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	16.68%	-11.11%

Volatility

CHPS vs. MUU - Volatility Comparison

The current volatility for Xtrackers Semiconductor Select Equity ETF (CHPS) is 21.97%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.96%. This indicates that CHPS 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

	CHPS	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.97%	67.96%	-45.99%
Volatility (6M) Calculated over the trailing 6-month period	37.59%	115.39%	-77.80%
Volatility (1Y) Calculated over the trailing 1-year period	42.83%	145.68%	-102.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.45%	138.08%	-101.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.45%	138.08%	-101.63%

CHPS vs. MUU - Expense Ratio Comparison

CHPS has a 0.15% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

CHPS vs. MUU - Dividend Comparison

CHPS's dividend yield for the trailing twelve months is around 0.34%, less than MUU's 0.64% yield.

Position	TTM	2025	2024	2023
CHPS Xtrackers Semiconductor Select Equity ETF	0.34%	0.68%	1.75%	0.36%
MUU Direxion Daily MU Bull 2X Shares	0.64%	4.27%	0.31%	0.00%

Frequently Asked Questions

Can I hold both CHPS and MUU in my portfolio?

CHPS and MUU 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.

Which is riskier, CHPS or MUU?

MUU has higher volatility (67.96%) compared to CHPS (21.97%). In terms of maximum drawdown, CHPS dropped -39.44% vs MUU's -75.07%.

Which ETF is better, CHPS or MUU?

On 1-year performance, MUU leads with 3397.63% vs 156.63% for CHPS. On fees, CHPS is cheaper at 0.15% per year. On volatility, CHPS has been the lower-risk option at 21.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPS or MUU?

Over the 1-year period, MUU has performed better with a 3397.63% return vs 156.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPS or MUU?

CHPS is cheaper with a 0.15% expense ratio, compared with 1.01% for MUU.

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

MUU has the higher dividend yield at 0.64%, compared with 0.34% for CHPS.

What is the main difference between CHPS and MUU?

CHPS is categorized as Semiconductors, while MUU is Leveraged Equities. CHPS tracks Solactive Semiconductor ESG Screened Index, while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: Xtrackers and Direxion. Their fees differ too: 0.15% for CHPS and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (29.47 vs 3.68), 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.