ISUL vs. MUU

Last updated Jun 25, 2026

ISUL (GraniteShares 2X Long ISRG Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. ISUL is actively managed, while MUU is passively managed. At a correlation of -0.09, they often move in opposite directions. ISUL charges 1.50%/yr vs 1.01%/yr for MUU.

Performance

ISUL vs. MUU - Performance Comparison

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

Returns By Period

ISUL

• 1D: -0.63%
• 1M: -17.32%
• YTD: -53.77%
• 6M: -55.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -0.64%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ISUL vs. MUU - Yearly Performance Comparison

	2026 (YTD)
ISUL GraniteShares 2X Long ISRG Daily ETF	-6.92%
MUU Direxion Daily MU Bull 2X Shares	-12.53%

Correlation

The correlation between ISUL and MUU is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	-0.09

Return for Risk

ISUL vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2X Long ISRG Daily ETF (ISUL) 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.

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

Drawdowns

ISUL vs. MUU - Drawdown Comparison

The maximum ISUL drawdown since its inception was -57.63%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for ISUL and MUU.

Drawdown Indicators

	ISUL	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-57.63%	-26.63%	-31.00%
Current Drawdown Current decline from peak	-57.63%	-26.63%	-31.00%
Average Drawdown Average peak-to-trough decline	-26.41%	-12.91%	-13.50%

Volatility

Volatility by Period

	ISUL	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	65.60%	263.57%	-197.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.60%	263.57%	-197.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.60%	263.57%	-197.97%

ISUL vs. MUU - Expense Ratio Comparison

ISUL has a 1.50% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

ISUL vs. MUU - Dividend Comparison

ISUL has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM
ISUL GraniteShares 2X Long ISRG Daily ETF	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.23%

Frequently Asked Questions

Can I hold both ISUL and MUU in my portfolio?

ISUL and MUU have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISUL or MUU?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISUL or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.50% for ISUL.

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

MUU has the higher dividend yield at 0.23%, compared with 0.00% for ISUL.

What is the main difference between ISUL and MUU?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for ISUL and 1.01% for MUU.