FINX vs. MUU

Last updated Jul 15, 2026

FINX (Global X FinTech ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - FINX is a Technology Equities fund tracking the Indxx Global FinTech Thematic Index, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, FINX returned -25.12% vs 3397.63% for MUU. At a 0.38 correlation, their price movements are largely independent. FINX charges 0.68%/yr vs 1.01%/yr for MUU.

Performance

FINX vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X FinTech ETF (FINX) 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, FINX achieves a -13.24% return, which is significantly lower than MUU's 640.02% return.

FINX

• 1D: 0.12%
• 1M: 5.43%
• 6M: -14.43%
• YTD: -13.24%
• 1Y: -25.12%
• 3Y*: 2.80%
• 5Y*: -9.82%
• 10Y*: —

MUU

• 1D: 9.50%
• 1M: -10.60%
• 6M: 441.55%
• YTD: 640.02%
• 1Y: 3,397.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FINX vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FINX Global X FinTech ETF	-13.24%	-5.20%	11.13%
MUU Direxion Daily MU Bull 2X Shares	640.02%	599.03%	-40.91%

Correlation

The correlation between FINX and MUU is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.38

The correlation between FINX and MUU shifts across timeframes, from 0.26 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FINX vs. MUU — Risk / Return Rank

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

FINX

FINX Risk / Return Rank: 3
FINX Sharpe Ratio Rank: 3
FINX Sortino Ratio Rank: 3
FINX Omega Ratio Rank: 3
FINX Calmar Ratio Rank: 4
FINX Martin Ratio Rank: 3

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.

FINX vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X FinTech ETF (FINX) 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.

	FINX	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	29.47	-30.32
Sortino ratio: Return per unit of downside risk	-1.06	5.90	-6.96
Omega ratio: Gain probability vs. loss probability	0.87	1.73	-0.86
Calmar ratio: Return relative to maximum drawdown	-0.69	81.19	-81.88
Martin ratio: Return relative to average drawdown	-1.18	269.76	-270.94

FINX vs. MUU - Sharpe Ratio Comparison

The current FINX Sharpe Ratio is -0.84, which is lower than the MUU Sharpe Ratio of 29.47. The chart below compares the historical Sharpe Ratios of FINX 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

FINX vs. MUU - Drawdown Comparison

The maximum FINX drawdown since its inception was -63.53%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for FINX and MUU.

Drawdown Indicators

	FINX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-63.53%	-75.07%	+11.54%
Max Drawdown (1Y) Largest decline over 1 year	-36.58%	-52.72%	+16.14%
Max Drawdown (3Y) Largest decline over 3 years	-36.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.53%	—	—
Current Drawdown Current decline from peak	-48.11%	-30.27%	-17.84%
Average Drawdown Average peak-to-trough decline	-24.72%	-23.44%	-1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.27%	16.68%	+4.59%

Volatility

FINX vs. MUU - Volatility Comparison

The current volatility for Global X FinTech ETF (FINX) is 7.11%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.96%. This indicates that FINX 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

	FINX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	67.96%	-60.85%
Volatility (6M) Calculated over the trailing 6-month period	24.06%	115.39%	-91.33%
Volatility (1Y) Calculated over the trailing 1-year period	29.89%	145.68%	-115.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.64%	138.08%	-106.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.74%	138.08%	-109.34%

FINX vs. MUU - Expense Ratio Comparison

FINX has a 0.68% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

FINX vs. MUU - Dividend Comparison

FINX's dividend yield for the trailing twelve months is around 0.84%, more than MUU's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FINX Global X FinTech ETF	0.84%	0.58%	0.72%	0.21%	0.27%	5.40%	0.00%	0.00%	0.18%	0.11%
MUU Direxion Daily MU Bull 2X Shares	0.64%	4.27%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FINX and MUU in my portfolio?

FINX and MUU have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FINX or MUU?

MUU has higher volatility (67.96%) compared to FINX (7.11%). In terms of maximum drawdown, FINX dropped -63.53% vs MUU's -75.07%.

Which ETF is better, FINX or MUU?

On 1-year performance, MUU leads with 3397.63% vs -25.12% for FINX. On fees, FINX is cheaper at 0.68% per year. On volatility, FINX has been the lower-risk option at 7.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FINX or MUU?

Over the 1-year period, MUU has performed better with a 3397.63% return vs -25.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FINX or MUU?

FINX is cheaper with a 0.68% expense ratio, compared with 1.01% for MUU.

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

FINX has the higher dividend yield at 0.84%, compared with 0.64% for MUU.

What is the main difference between FINX and MUU?

FINX is categorized as Technology Equities, while MUU is Leveraged Equities. FINX tracks Indxx Global FinTech Thematic Index, while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: Global X and Direxion. Their fees differ too: 0.68% for FINX and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (29.47 vs -0.84), 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.