ELIL vs. MUU

Last updated Jun 24, 2026

ELIL (Direxion Daily LLY Bull 2X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion. ELIL is actively managed, while MUU is passively managed. At a correlation of -0.40, they often move in opposite directions. ELIL charges 0.97%/yr vs 1.01%/yr for MUU.

Performance

ELIL vs. MUU - Performance Comparison

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

Returns By Period

ELIL

• 1D: 0.52%
• 1M: 6.34%
• YTD: -4.97%
• 6M: -4.26%
• 1Y: 64.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ELIL vs. MUU - Yearly Performance Comparison

	2026 (YTD)
ELIL Direxion Daily LLY Bull 2X Shares	-4.25%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between ELIL and MUU is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	-0.40

Return for Risk

ELIL vs. MUU — Risk / Return Rank

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

ELIL

ELIL Risk / Return Rank: 29
ELIL Sharpe Ratio Rank: 25
ELIL Sortino Ratio Rank: 31
ELIL Omega Ratio Rank: 33
ELIL Calmar Ratio Rank: 30
ELIL Martin Ratio Rank: 25

MUU

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

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.

ELIL vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LLY Bull 2X Shares (ELIL) 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.

	ELIL	MUU	Difference
Sharpe ratio: Return per unit of total volatility	0.86	—	—
Sortino ratio: Return per unit of downside risk	1.56	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.39	—	—
Martin ratio: Return relative to average drawdown	3.12	—	—

Drawdowns

ELIL vs. MUU - Drawdown Comparison

The maximum ELIL drawdown since its inception was -56.03%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for ELIL and MUU.

Drawdown Indicators

	ELIL	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-56.03%	-26.28%	-29.75%
Max Drawdown (1Y) Largest decline over 1 year	-46.28%	—	—
Current Drawdown Current decline from peak	-12.11%	-26.28%	+14.17%
Average Drawdown Average peak-to-trough decline	-23.60%	-10.19%	-13.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.63%	—	—

Volatility

Volatility by Period

	ELIL	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	75.11%	295.32%	-220.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.98%	295.32%	-213.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.98%	295.32%	-213.34%

ELIL vs. MUU - Expense Ratio Comparison

ELIL has a 0.97% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

ELIL vs. MUU - Dividend Comparison

ELIL's dividend yield for the trailing twelve months is around 11.72%, while MUU has not paid dividends to shareholders.

Position	TTM	2025
ELIL Direxion Daily LLY Bull 2X Shares	11.72%	10.92%
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%

Frequently Asked Questions

Can I hold both ELIL and MUU in my portfolio?

ELIL and MUU have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ELIL or MUU?

On fees, ELIL is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELIL or MUU?

ELIL is cheaper with a 0.97% expense ratio, compared with 1.01% for MUU.

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

ELIL has the higher dividend yield at 11.72%, compared with 0.00% for MUU.

What is the main difference between ELIL and MUU?

Their fees differ too: 0.97% for ELIL and 1.01% for MUU.