DVDN vs. MUU

Last updated Jul 17, 2026

DVDN (Kingsbarn Dividend Opportunity ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - DVDN is a Large Cap Value Equities fund actively managed by Kingsbarn, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). DVDN is actively managed, while MUU is passively managed. Over the past year, DVDN returned -18.23% vs 2599.25% for MUU. At a 0.20 correlation, their price movements are largely independent. DVDN charges 1.72%/yr vs 1.01%/yr for MUU.

Performance

DVDN vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kingsbarn Dividend Opportunity ETF (DVDN) 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, DVDN achieves a -8.25% return, which is significantly lower than MUU's 449.17% return.

DVDN

• 1D: 1.35%
• 1M: 0.83%
• 6M: -11.96%
• YTD: -8.25%
• 1Y: -18.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -12.02%
• 1M: -37.86%
• 6M: 305.92%
• YTD: 449.17%
• 1Y: 2,599.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVDN vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DVDN Kingsbarn Dividend Opportunity ETF	-8.25%	-17.23%	-1.40%
MUU Direxion Daily MU Bull 2X Shares	449.17%	599.03%	-40.91%

Correlation

The correlation between DVDN and MUU is 0.08, 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	0.08
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.20

The correlation between DVDN and MUU shifts across timeframes, from 0.08 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DVDN vs. MUU — Risk / Return Rank

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

DVDN

DVDN Risk / Return Rank: 3
DVDN Sharpe Ratio Rank: 1
DVDN Sortino Ratio Rank: 2
DVDN Omega Ratio Rank: 2
DVDN Calmar Ratio Rank: 3
DVDN Martin Ratio Rank: 3

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 95
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.

DVDN vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kingsbarn Dividend Opportunity ETF (DVDN) 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.

	DVDN	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	17.30	-18.32
Sortino ratio: Return per unit of downside risk	-1.37	5.00	-6.37
Omega ratio: Gain probability vs. loss probability	0.84	1.63	-0.78
Calmar ratio: Return relative to maximum drawdown	-0.72	47.69	-48.41
Martin ratio: Return relative to average drawdown	-1.20	152.81	-154.01

DVDN vs. MUU - Sharpe Ratio Comparison

The current DVDN Sharpe Ratio is -1.03, which is lower than the MUU Sharpe Ratio of 17.30. The chart below compares the historical Sharpe Ratios of DVDN 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

DVDN vs. MUU - Drawdown Comparison

The maximum DVDN drawdown since its inception was -34.59%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for DVDN and MUU.

Drawdown Indicators

	DVDN	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-75.07%	+40.48%
Max Drawdown (1Y) Largest decline over 1 year	-25.34%	-55.25%	+29.91%
Current Drawdown Current decline from peak	-30.63%	-55.25%	+24.62%
Average Drawdown Average peak-to-trough decline	-13.46%	-23.62%	+10.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.27%	17.31%	-2.04%

Volatility

DVDN vs. MUU - Volatility Comparison

The current volatility for Kingsbarn Dividend Opportunity ETF (DVDN) is 3.98%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 62.52%. This indicates that DVDN 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

	DVDN	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	62.52%	-58.54%
Volatility (6M) Calculated over the trailing 6-month period	14.66%	125.23%	-110.57%
Volatility (1Y) Calculated over the trailing 1-year period	17.85%	152.52%	-134.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.68%	142.32%	-123.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.68%	142.32%	-123.64%

DVDN vs. MUU - Expense Ratio Comparison

DVDN has a 1.72% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

DVDN vs. MUU - Dividend Comparison

DVDN's dividend yield for the trailing twelve months is around 14.67%, more than MUU's 1.24% yield.

Position	TTM	2025	2024	2023
DVDN Kingsbarn Dividend Opportunity ETF	14.67%	17.27%	14.43%	2.74%
MUU Direxion Daily MU Bull 2X Shares	1.24%	4.27%	0.31%	0.00%

Frequently Asked Questions

Can I hold both DVDN and MUU in my portfolio?

DVDN and MUU have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVDN or MUU?

MUU has higher volatility (62.52%) compared to DVDN (3.98%). In terms of maximum drawdown, DVDN dropped -34.59% vs MUU's -75.07%.

Which ETF is better, DVDN or MUU?

On 1-year performance, MUU leads with 2599.25% vs -18.23% for DVDN. On fees, MUU is cheaper at 1.01% per year. On volatility, DVDN has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVDN or MUU?

Over the 1-year period, MUU has performed better with a 2599.25% return vs -18.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVDN or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.72% for DVDN.

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

DVDN has the higher dividend yield at 14.67%, compared with 1.24% for MUU.

What is the main difference between DVDN and MUU?

DVDN is categorized as Large Cap Value Equities, while MUU is Leveraged Equities. They also come from different issuers: Kingsbarn and Direxion. Their fees differ too: 1.72% for DVDN and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (17.30 vs -1.03), 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.