DRV vs. MUU
DRV (Direxion Daily Real Estate Bear 3x Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, DRV returned -28.22% vs 2805.45% for MUU. Their -0.02 correlation means they have often moved in opposite directions in the past. DRV charges 1.08%/yr vs 1.01%/yr for MUU.
Performance
DRV vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -31.44% return, which is significantly lower than MUU's 372.51% return.
DRV
- 1D
- 1.83%
- 1M
- -2.68%
- 6M
- -25.85%
- YTD
- -31.44%
- 1Y
- -28.22%
- 3Y*
- -23.26%
- 5Y*
- -15.14%
- 10Y*
- -27.93%
- ALL TIME*
- -43.10%
MUU
- 1D
- -12.24%
- 1M
- -36.47%
- 6M
- 134.93%
- YTD
- 372.51%
- 1Y
- 2,805.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 419.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36M | $3.03M | $2.54M | |
| $1.51B | $1.57B | $2.27B |
DRV vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -31.44% | -7.27% | 17.32% |
MUU Direxion Daily MU Bull 2X Shares | 372.51% | 599.03% | -40.91% |
Correlation
The correlation between DRV and MUU is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | -0.02 |
The correlation between DRV and MUU shifts across timeframes, from -0.02 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DRV vs. MUU — Risk / Return Rank
DRV
MUU
DRV vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) 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.
| DRV | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.78 | ||
| Sortino ratioReturn per unit of downside risk | -5.66 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.61 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 38.27 | -39.00 |
| Martin ratioReturn relative to average drawdown | -1.49 | 127.21 | -128.70 |
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Drawdowns
DRV vs. MUU - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for DRV and MUU.
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Drawdown Indicators
| DRV | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -75.07% | -24.92% |
Max Drawdown (1Y)Largest decline over 1 year | -37.53% | -68.07% | +30.54% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.60% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -61.50% | -38.49% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -24.34% | -73.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.46% | 20.44% | -1.98% |
Volatility
DRV vs. MUU - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 13.26%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 62.16%. This indicates that DRV 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.
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Volatility by Period
| DRV | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 62.16% | -48.90% |
Volatility (6M)Calculated over the trailing 6-month period | 33.11% | 134.20% | -101.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.46% | 161.94% | -119.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 146.71% | -89.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.84% | 146.71% | -83.87% |
DRV vs. MUU - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than MUU's 1.01% expense ratio.
Dividends
DRV vs. MUU - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.94%, more than MUU's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 3.94% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% |
MUU Direxion Daily MU Bull 2X Shares | 1.44% | 4.27% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRV and MUU have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUU has higher volatility (62.16%) compared to DRV (13.26%). In terms of maximum drawdown, DRV dropped -99.99% vs MUU's -75.07%.
On 1-year performance, MUU leads with 2805.45% vs -28.22% for DRV. On fees, MUU is cheaper at 1.01% per year. On volatility, DRV has been the lower-risk option at 13.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MUU has performed better with a 2805.45% return vs -28.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MUU is cheaper with a 1.01% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 3.94%, compared with 1.44% for MUU.
DRV is categorized as REIT, while MUU is Leveraged Equities. DRV tracks MSCI US REIT Index (-300%), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.08% for DRV and 1.01% for MUU.
MUU currently has the higher Sharpe Ratio (16.13 vs -0.66), 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.
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