HIBL vs. MUU

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and Direxion Daily MU Bull 2X Shares (MUU).

HIBL and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIBL is a passively managed fund by Direxion that tracks the performance of the S&P 500 High Beta Index (300%). It was launched on Nov 7, 2019. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.

Performance

HIBL vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

HIBL vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	-6.14%	60.38%	-8.59%
MUU Direxion Daily MU Bull 2X Shares	41.27%	599.03%	-43.09%

Returns By Period

In the year-to-date period, HIBL achieves a -6.14% return, which is significantly lower than MUU's 41.27% return.

HIBL

• 1D: 3.15%
• 1M: -15.20%
• YTD: -6.14%
• 6M: 2.41%
• 1Y: 133.35%
• 3Y*: 27.73%
• 5Y*: 1.55%
• 10Y*: —

MUU

• 1D: 17.77%
• 1M: -25.73%
• YTD: 41.27%
• 6M: 205.92%
• 1Y: 904.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIBL vs. MUU - Expense Ratio Comparison

HIBL has a 1.12% expense ratio, which is higher than MUU's 1.06% expense ratio.

HIBL

Direxion Daily S&P 500 High Beta Bull 3X Shares

MUU

Direxion Daily MU Bull 2X Shares

Return for Risk

HIBL vs. MUU — Risk / Return Rank

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

HIBL

HIBL Risk / Return Rank: 83
HIBL Sharpe Ratio Rank: 78
HIBL Sortino Ratio Rank: 80
HIBL Omega Ratio Rank: 78
HIBL Calmar Ratio Rank: 90
HIBL Martin Ratio Rank: 89

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 99
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
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.

HIBL vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) 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.

	HIBL	MUU	Difference
Sharpe ratio Return per unit of total volatility	1.49	7.00	-5.52
Sortino ratio Return per unit of downside risk	2.13	3.86	-1.73
Omega ratio Gain probability vs. loss probability	1.31	1.52	-0.21
Calmar ratio Return relative to maximum drawdown	3.12	17.99	-14.87
Martin ratio Return relative to average drawdown	11.78	50.69	-38.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIBL vs. MUU - Sharpe Ratio Comparison

The current HIBL Sharpe Ratio is 1.49, which is lower than the MUU Sharpe Ratio of 7.00. The chart below compares the historical Sharpe Ratios of HIBL and MUU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HIBL	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	7.00	-5.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	1.77	-1.67

Correlation

The correlation between HIBL and MUU is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HIBL vs. MUU - Dividend Comparison

HIBL's dividend yield for the trailing twelve months is around 2.46%, less than MUU's 3.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	2.46%	2.43%	0.82%	0.69%	0.00%	0.06%	0.19%	0.19%
MUU Direxion Daily MU Bull 2X Shares	3.42%	4.27%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HIBL vs. MUU - Drawdown Comparison

The maximum HIBL drawdown since its inception was -88.27%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for HIBL and MUU.

Drawdown Indicators

	HIBL	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-88.27%	-75.07%	-13.20%
Max Drawdown (1Y) Largest decline over 1 year	-44.08%	-52.72%	+8.64%
Max Drawdown (5Y) Largest decline over 5 years	-81.58%	—	—
Current Drawdown Current decline from peak	-26.76%	-38.92%	+12.16%
Average Drawdown Average peak-to-trough decline	-45.22%	-25.08%	-20.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.69%	18.71%	-7.02%

Volatility

HIBL vs. MUU - Volatility Comparison

The current volatility for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is 25.93%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 47.51%. This indicates that HIBL 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

	HIBL	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.93%	47.51%	-21.58%
Volatility (6M) Calculated over the trailing 6-month period	53.24%	99.28%	-46.04%
Volatility (1Y) Calculated over the trailing 1-year period	90.33%	130.64%	-40.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.88%	127.68%	-45.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.41%	127.68%	-35.27%