COIA vs. MUU

Last updated Jun 26, 2026

COIA (ProShares Ultra COIN) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds - COIA tracks the Coinbase Global, Inc. while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. At a 0.04 correlation, their price movements are largely independent. COIA charges 1.06%/yr vs 1.01%/yr for MUU.

Performance

COIA vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra COIN (COIA) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COIA

• 1D: -10.00%
• 1M: -40.74%
• YTD: -72.68%
• 6M: -75.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 31.07%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIA vs. MUU - Yearly Performance Comparison

	2026 (YTD)
COIA ProShares Ultra COIN	-30.10%
MUU Direxion Daily MU Bull 2X Shares	14.65%

Correlation

The correlation between COIA and MUU is 0.04, 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 (All Time) Calculated using the full available price history since Jun 16, 2026	0.04

Return for Risk

COIA vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra COIN (COIA) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

COIA vs. MUU - Drawdown Comparison

The maximum COIA drawdown since its inception was -91.91%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for COIA and MUU.

Drawdown Indicators

	COIA	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-91.91%	-26.63%	-65.28%
Current Drawdown Current decline from peak	-91.91%	-3.84%	-88.07%
Average Drawdown Average peak-to-trough decline	-63.68%	-11.62%	-52.06%

Volatility

Volatility by Period

	COIA	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	140.07%	307.99%	-167.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.07%	307.99%	-167.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.07%	307.99%	-167.92%

COIA vs. MUU - Expense Ratio Comparison

COIA has a 1.06% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

COIA vs. MUU - Dividend Comparison

COIA's dividend yield for the trailing twelve months is around 7.57%, more than MUU's 0.17% yield.

Position	TTM	2025
COIA ProShares Ultra COIN	7.57%	1.10%
MUU Direxion Daily MU Bull 2X Shares	0.17%	0.00%

Frequently Asked Questions

Can I hold both COIA and MUU in my portfolio?

COIA and MUU have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COIA or MUU?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COIA or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.06% for COIA.

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

COIA has the higher dividend yield at 7.57%, compared with 0.17% for MUU.

What is the main difference between COIA and MUU?

COIA tracks Coinbase Global, Inc., while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: ProShares and Direxion. Their fees differ too: 1.06% for COIA and 1.01% for MUU.