DIVY vs. MUU

Last updated Jul 12, 2026

DIVY (Tidal ETF Trust - Sound Equity Income ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - DIVY is a Mid Cap Value Equities fund actively managed by Sound Income Strategies, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). DIVY is actively managed, while MUU is passively managed. Over the past year, DIVY returned 16.93% vs 3083.51% for MUU. At a 0.20 correlation, their price movements are largely independent. DIVY charges 0.45%/yr vs 1.01%/yr for MUU.

Performance

DIVY vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tidal ETF Trust - Sound Equity Income ETF (DIVY) 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, DIVY achieves a 13.39% return, which is significantly lower than MUU's 642.75% return.

DIVY

• 1D: 0.39%
• 1M: 0.99%
• 6M: 10.68%
• YTD: 13.39%
• 1Y: 16.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -2.52%
• 1M: -10.27%
• 6M: 421.21%
• YTD: 642.75%
• 1Y: 3,083.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIVY vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DIVY Tidal ETF Trust - Sound Equity Income ETF	13.39%	7.38%	-3.49%
MUU Direxion Daily MU Bull 2X Shares	642.75%	599.03%	-40.91%

Correlation

The correlation between DIVY and MUU is 0.05, 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 (1Y) Calculated over the trailing 1-year period	0.05
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.20

The correlation between DIVY and MUU shifts across timeframes, from 0.05 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DIVY vs. MUU — Risk / Return Rank

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

DIVY

DIVY Risk / Return Rank: 42
DIVY Sharpe Ratio Rank: 44
DIVY Sortino Ratio Rank: 43
DIVY Omega Ratio Rank: 40
DIVY Calmar Ratio Rank: 43
DIVY Martin Ratio Rank: 40

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.

DIVY vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tidal ETF Trust - Sound Equity Income ETF (DIVY) 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.

	DIVY	MUU	Difference
Sharpe ratio: Return per unit of total volatility	1.24	27.27	-26.04
Sortino ratio: Return per unit of downside risk	1.80	5.80	-3.99
Omega ratio: Gain probability vs. loss probability	1.22	1.72	-0.51
Calmar ratio: Return relative to maximum drawdown	1.74	75.03	-73.29
Martin ratio: Return relative to average drawdown	5.12	245.78	-240.66

DIVY vs. MUU - Sharpe Ratio Comparison

The current DIVY Sharpe Ratio is 1.24, which is lower than the MUU Sharpe Ratio of 27.27. The chart below compares the historical Sharpe Ratios of DIVY 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

DIVY vs. MUU - Drawdown Comparison

The maximum DIVY drawdown since its inception was -18.35%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for DIVY and MUU.

Drawdown Indicators

	DIVY	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-75.07%	+56.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.06%	-52.72%	+43.66%
Current Drawdown Current decline from peak	-1.09%	-30.01%	+28.92%
Average Drawdown Average peak-to-trough decline	-3.20%	-23.40%	+20.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	16.41%	-13.33%

Volatility

DIVY vs. MUU - Volatility Comparison

The current volatility for Tidal ETF Trust - Sound Equity Income ETF (DIVY) is 3.79%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.23%. This indicates that DIVY 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

	DIVY	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	67.23%	-63.44%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	116.08%	-106.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	145.04%	-132.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.55%	138.03%	-122.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	138.03%	-122.48%

DIVY vs. MUU - Expense Ratio Comparison

DIVY has a 0.45% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

DIVY vs. MUU - Dividend Comparison

DIVY's dividend yield for the trailing twelve months is around 2.99%, more than MUU's 0.64% yield.

Position	TTM	2025	2024
DIVY Tidal ETF Trust - Sound Equity Income ETF	2.99%	3.68%	2.94%
MUU Direxion Daily MU Bull 2X Shares	0.64%	4.27%	0.31%

Frequently Asked Questions

Can I hold both DIVY and MUU in my portfolio?

DIVY and MUU have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVY or MUU?

MUU has higher volatility (67.23%) compared to DIVY (3.79%). In terms of maximum drawdown, DIVY dropped -18.35% vs MUU's -75.07%.

Which ETF is better, DIVY or MUU?

On 1-year performance, MUU leads with 3083.51% vs 16.93% for DIVY. On fees, DIVY is cheaper at 0.45% per year. On volatility, DIVY has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVY or MUU?

Over the 1-year period, MUU has performed better with a 3083.51% return vs 16.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVY or MUU?

DIVY is cheaper with a 0.45% expense ratio, compared with 1.01% for MUU.

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

DIVY has the higher dividend yield at 2.99%, compared with 0.64% for MUU.

What is the main difference between DIVY and MUU?

DIVY is categorized as Mid Cap Value Equities, while MUU is Leveraged Equities. They also come from different issuers: Sound Income Strategies and Direxion. Their fees differ too: 0.45% for DIVY and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (27.27 vs 1.24), 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.