HJEN vs. MUU

Last updated Aug 2, 2026

HJEN (Direxion Hydrogen ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - HJEN is a Alternative Energy Equities fund tracking the Indxx Hydrogen Economy Index - Benchmark TR Net, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. HJEN charges 0.45%/yr vs 1.01%/yr for MUU.

Performance

HJEN vs. MUU - Performance Comparison

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

Returns By Period

HJEN

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MUU

• 1D: -12.24%
• 1M: -36.47%
• 6M: 134.93%
• YTD: 372.51%
• 1Y: 2,805.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 419.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MUU Direxion Daily MU Bull 2X Shares	$1.51B	$1.57B	$2.27B

HJEN vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.00%
MUU Direxion Daily MU Bull 2X Shares	372.51%	599.03%	-40.91%

Return for Risk

HJEN vs. MUU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HJEN

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

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 99
MUU Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HJEN vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) 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.

	HJEN	MUU	Difference
Sharpe ratio: Return per unit of total volatility	—	16.13	—
Sortino ratio: Return per unit of downside risk	—	4.86	—
Omega ratio: Gain probability vs. loss probability	—	1.61	—
Calmar ratio: Return relative to maximum drawdown	—	38.27	—
Martin ratio: Return relative to average drawdown	—	127.21	—

Drawdowns

Drawdown Indicators

	HJEN	MUU	Difference
Max Drawdown Largest peak-to-trough decline	—	-75.07%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-68.07%	—
Current Drawdown Current decline from peak	—	-61.50%	—
Average Drawdown Average peak-to-trough decline	—	-24.34%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.44%	—

Volatility

Volatility by Period

	HJEN	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	62.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	134.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	161.94%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	146.71%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	146.71%	—

HJEN vs. MUU - Expense Ratio Comparison

HJEN has a 0.45% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

HJEN vs. MUU - Dividend Comparison

HJEN has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 1.44%.

Position	TTM	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%
MUU Direxion Daily MU Bull 2X Shares	1.44%	4.27%	0.31%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HJEN or MUU?

On fees, HJEN is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HJEN or MUU?

HJEN is cheaper with a 0.45% expense ratio, compared with 1.01% for MUU.

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

MUU has the higher dividend yield at 1.44%, compared with 0.00% for HJEN.

What is the main difference between HJEN and MUU?

HJEN is categorized as Alternative Energy Equities, while MUU is Leveraged Equities. HJEN tracks Indxx Hydrogen Economy Index - Benchmark TR Net, while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 0.45% for HJEN and 1.01% for MUU.