IAK vs. MUU
IAK (iShares U.S. Insurance ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index, while MUU is a Leveraged Equities fund actively managed by Direxion. IAK is passively managed, while MUU is actively managed. Over the past year, IAK returned -4.16% vs 6522.95% for MUU. At a correlation of -0.06, they often move in opposite directions. IAK charges 0.43%/yr vs 1.06%/yr for MUU.
Performance
IAK vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, IAK achieves a -4.56% return, which is significantly lower than MUU's 961.23% return.
IAK
- 1D
- -0.88%
- 1M
- -2.27%
- YTD
- -4.56%
- 6M
- -1.81%
- 1Y
- -4.16%
- 3Y*
- 16.73%
- 5Y*
- 11.50%
- 10Y*
- 11.66%
MUU
- 1D
- 3.08%
- 1M
- 218.90%
- YTD
- 961.23%
- 6M
- 1,422.01%
- 1Y
- 6,522.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAK vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAK iShares U.S. Insurance ETF | -4.56% | 9.50% | -1.28% |
MUU Direxion Daily MU Bull 2X Shares | 961.23% | 599.03% | -43.09% |
Correlation
The correlation between IAK and MUU is -0.22, 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 (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024 | -0.06 |
The correlation between IAK and MUU shifts across timeframes, from -0.22 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IAK vs. MUU — Risk / Return Rank
IAK
MUU
IAK vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) 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.
| IAK | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -50.69 | ||
| Sortino ratioReturn per unit of downside risk | -7.46 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.91 | -0.94 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 125.85 | -126.40 |
| Martin ratioReturn relative to average drawdown | -1.14 | 426.84 | -427.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IAK | MUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 50.40 | -50.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 6.68 | -6.42 |
Drawdowns
IAK vs. MUU - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, roughly equal to the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for IAK and MUU.
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Drawdown Indicators
| IAK | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.38% | -75.07% | -2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -52.72% | +45.10% |
Max Drawdown (3Y)Largest decline over 3 years | -11.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.95% | — | — |
Current DrawdownCurrent decline from peak | -5.82% | 0.00% | -5.82% |
Average DrawdownAverage peak-to-trough decline | -16.13% | -23.44% | +7.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 15.51% | -11.55% |
Volatility
IAK vs. MUU - Volatility Comparison
The current volatility for iShares U.S. Insurance ETF (IAK) is 3.82%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 54.78%. This indicates that IAK 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.
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Volatility by Period
| IAK | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 54.78% | -50.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 105.07% | -95.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 131.77% | -117.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 133.67% | -115.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 133.67% | -112.78% |
IAK vs. MUU - Expense Ratio Comparison
IAK has a 0.43% expense ratio, which is lower than MUU's 1.06% expense ratio.
Dividends
IAK vs. MUU - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 2.76%, more than MUU's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.76% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
MUU Direxion Daily MU Bull 2X Shares | 0.46% | 4.27% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAK and MUU have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUU has higher volatility (54.78%) compared to IAK (3.82%). In terms of maximum drawdown, IAK dropped -77.38% vs MUU's -75.07%.
On 1-year performance, MUU leads with 6522.95% vs -4.16% for IAK. On fees, IAK is cheaper at 0.43% per year. On volatility, IAK has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MUU has performed better with a 6522.95% return vs -4.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAK is cheaper with a 0.43% expense ratio, compared with 1.06% for MUU.
IAK has the higher dividend yield at 2.76%, compared with 0.46% for MUU.
IAK is categorized as Financials Equities, while MUU is Leveraged Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.43% for IAK and 1.06% for MUU.
MUU currently has the higher Sharpe Ratio (50.40 vs -0.28), 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.
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