DISK vs. MUU

Last updated Jul 27, 2026

DISK (Tema Memory ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - DISK is a Semiconductors fund actively managed by Tema, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). DISK is actively managed, while MUU is passively managed. Their correlation of 0.83 means they have usually moved in the same direction. DISK charges 0.75%/yr vs 1.01%/yr for MUU.

Performance

DISK vs. MUU - Performance Comparison

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

Returns By Period

DISK

• 1D: -9.86%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MUU

• 1D: -14.31%
• 1M: -38.69%
• 6M: 230.99%
• YTD: 524.22%
• 1Y: 3,285.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 517.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DISK Tema Memory ETF	$13.68M	$15.67M	$15.67M
MUU Direxion Daily MU Bull 2X Shares	$1.35B	$2.05B	$2.17B

DISK vs. MUU - Yearly Performance Comparison

	2026 (YTD)
DISK Tema Memory ETF	-30.68%
MUU Direxion Daily MU Bull 2X Shares	-40.35%

Correlation

The correlation between DISK and MUU is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 30, 2026	0.83

Return for Risk

DISK vs. MUU — Risk / Return Rank

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

DISK

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

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
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.

DISK vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Memory ETF (DISK) 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.

	DISK	MUU	Difference
Sharpe ratio: Return per unit of total volatility	—	21.37	—
Sortino ratio: Return per unit of downside risk	—	5.24	—
Omega ratio: Gain probability vs. loss probability	—	1.66	—
Calmar ratio: Return relative to maximum drawdown	—	59.29	—
Martin ratio: Return relative to average drawdown	—	176.11	—

Drawdowns

DISK vs. MUU - Drawdown Comparison

The maximum DISK drawdown since its inception was -32.90%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for DISK and MUU.

Drawdown Indicators

	DISK	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-32.90%	-75.07%	+42.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-55.69%	—
Current Drawdown Current decline from peak	-32.90%	-49.14%	+16.24%
Average Drawdown Average peak-to-trough decline	-21.04%	-23.94%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.71%	—

Volatility

Volatility by Period

	DISK	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	56.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	126.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	110.87%	154.50%	-43.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.87%	142.99%	-32.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.87%	142.99%	-32.12%

DISK vs. MUU - Expense Ratio Comparison

DISK has a 0.75% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

DISK vs. MUU - Dividend Comparison

DISK has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 1.09%.

Position	TTM	2025	2024
DISK Tema Memory ETF	0.00%	0.00%	0.00%
MUU Direxion Daily MU Bull 2X Shares	1.09%	4.27%	0.31%

Frequently Asked Questions

Can I hold both DISK and MUU in my portfolio?

DISK and MUU have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DISK or MUU?

On fees, DISK is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DISK or MUU?

DISK is cheaper with a 0.75% expense ratio, compared with 1.01% for MUU.

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

MUU has the higher dividend yield at 1.09%, compared with 0.00% for DISK.

What is the main difference between DISK and MUU?

DISK is categorized as Semiconductors, while MUU is Leveraged Equities. They also come from different issuers: Tema and Direxion. Their fees differ too: 0.75% for DISK and 1.01% for MUU.