IFED vs. MUU

Last updated Jun 24, 2026

IFED (ETRACS IFED Invest with the Fed TR Index ETN) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds - IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. IFED charges 0.45%/yr vs 1.01%/yr for MUU.

Performance

IFED vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS IFED Invest with the Fed TR Index ETN (IFED) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IFED

• 1D: -0.05%
• 1M: 2.47%
• YTD: -3.07%
• 6M: -3.90%
• 1Y: 2.52%
• 3Y*: 16.54%
• 5Y*: —
• 10Y*: —

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IFED vs. MUU - Yearly Performance Comparison

	2026 (YTD)
IFED ETRACS IFED Invest with the Fed TR Index ETN	-1.56%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between IFED and MUU is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.60

Return for Risk

IFED vs. MUU — Risk / Return Rank

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

IFED

IFED Risk / Return Rank: 10
IFED Sharpe Ratio Rank: 11
IFED Sortino Ratio Rank: 10
IFED Omega Ratio Rank: 10
IFED Calmar Ratio Rank: 10
IFED Martin Ratio Rank: 10

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.

IFED vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS IFED Invest with the Fed TR Index ETN (IFED) 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.

	IFED	MUU	Difference
Sharpe ratio: Return per unit of total volatility	0.15	—	—
Sortino ratio: Return per unit of downside risk	0.34	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.17	—	—
Martin ratio: Return relative to average drawdown	0.43	—	—

Drawdowns

IFED vs. MUU - Drawdown Comparison

The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum MUU drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for IFED and MUU.

Drawdown Indicators

	IFED	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-22.36%	-26.28%	+3.92%
Max Drawdown (1Y) Largest decline over 1 year	-14.65%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.36%	—	—
Current Drawdown Current decline from peak	-5.05%	-26.28%	+21.23%
Average Drawdown Average peak-to-trough decline	-5.83%	-10.19%	+4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.88%	—	—

Volatility

Volatility by Period

	IFED	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.84%	295.32%	-278.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.92%	295.32%	-275.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	295.32%	-275.40%

IFED vs. MUU - Expense Ratio Comparison

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

Dividends

IFED vs. MUU - Dividend Comparison

Neither IFED nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IFED and MUU in my portfolio?

IFED and MUU have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IFED or MUU?

On fees, IFED 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, IFED or MUU?

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

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

IFED and MUU have nearly identical dividend yields, around 0.00%.

What is the main difference between IFED and MUU?

IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross, while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: UBS and Direxion. Their fees differ too: 0.45% for IFED and 1.01% for MUU.