ERY vs. MUU

Last updated Jun 26, 2026

ERY (Direxion Daily Energy Bear 2X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - ERY tracks the Energy Select Sector Index (-300%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. At a correlation of -0.07, they often move in opposite directions. ERY charges 1.07%/yr vs 1.01%/yr for MUU.

Performance

ERY vs. MUU - Performance Comparison

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

Returns By Period

ERY

• 1D: -2.10%
• 1M: 12.20%
• YTD: -35.79%
• 6M: -36.68%
• 1Y: -43.63%
• 3Y*: -24.59%
• 5Y*: -35.93%
• 10Y*: -33.62%

MUU

• 1D: 31.07%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ERY vs. MUU - Yearly Performance Comparison

	2026 (YTD)
ERY Direxion Daily Energy Bear 2X Shares	4.10%
MUU Direxion Daily MU Bull 2X Shares	14.65%

Correlation

The correlation between ERY and MUU is -0.07, 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 (All Time) Calculated using the full available price history since Jun 16, 2026	-0.07

Return for Risk

ERY vs. MUU — Risk / Return Rank

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

ERY

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

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.

ERY vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bear 2X Shares (ERY) 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.

	ERY	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	—	—
Sortino ratio: Return per unit of downside risk	-1.65	—	—
Omega ratio: Gain probability vs. loss probability	0.83	—	—
Calmar ratio: Return relative to maximum drawdown	-0.77	—	—
Martin ratio: Return relative to average drawdown	-1.37	—	—

Drawdowns

ERY vs. MUU - Drawdown Comparison

The maximum ERY drawdown since its inception was -99.99%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for ERY and MUU.

Drawdown Indicators

	ERY	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-26.63%	-73.36%
Max Drawdown (1Y) Largest decline over 1 year	-56.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-66.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-94.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.66%	—	—
Current Drawdown Current decline from peak	-99.99%	-3.84%	-96.15%
Average Drawdown Average peak-to-trough decline	-96.91%	-11.62%	-85.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.93%	—	—

Volatility

Volatility by Period

	ERY	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.48%	307.99%	-266.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.86%	307.99%	-256.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.53%	307.99%	-237.46%

ERY vs. MUU - Expense Ratio Comparison

ERY has a 1.07% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

ERY vs. MUU - Dividend Comparison

ERY's dividend yield for the trailing twelve months is around 2.87%, more than MUU's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ERY Direxion Daily Energy Bear 2X Shares	2.87%	3.48%	4.13%	4.14%	0.32%	0.00%	0.43%	1.50%	0.56%
MUU Direxion Daily MU Bull 2X Shares	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ERY and MUU in my portfolio?

ERY and MUU have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ERY or MUU?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ERY or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.07% for ERY.

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

ERY has the higher dividend yield at 2.87%, compared with 0.17% for MUU.

What is the main difference between ERY and MUU?

ERY tracks Energy Select Sector Index (-300%), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.07% for ERY and 1.01% for MUU.