KEN.L vs. MUU

Last updated Jul 21, 2026

KEN.L (Kendrick Resources plc) is a stock, while MUU (Direxion Daily MU Bull 2X Shares) is Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Over the past year, KEN.L returned 2089.29% vs 2861.73% for MUU. At a 0.07 correlation, their price movements are largely independent.

Performance

KEN.L vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Kendrick Resources plc (KEN.L) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

KEN.L is traded in GBp, while MUU is traded in USD. To make them comparable, the MUU values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, KEN.L achieves a 2,257.69% return, which is significantly higher than MUU's 466.80% return.

KEN.L

• 1D: 2.17%
• 1M: -19.66%
• 6M: 1,676.81%
• YTD: 2,257.69%
• 1Y: 2,089.29%
• 3Y*: 101.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.52%

MUU

• 1D: 4.09%
• 1M: -48.37%
• 6M: 257.46%
• YTD: 466.80%
• 1Y: 2,861.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 481.11%

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

KEN.L vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KEN.L Kendrick Resources plc	2,257.69%	-8.77%	-32.94%
MUU Direxion Daily MU Bull 2X Shares	466.80%	549.23%	-38.33%

Correlation

The correlation between KEN.L and MUU is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.08

Return for Risk

KEN.L vs. MUU — Risk / Return Rank

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

KEN.L

KEN.L Risk / Return Rank: 100
KEN.L Sharpe Ratio Rank: 100
KEN.L Sortino Ratio Rank: 99
KEN.L Omega Ratio Rank: 99
KEN.L Calmar Ratio Rank: 100
KEN.L Martin Ratio Rank: 100

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) 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.

KEN.L vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kendrick Resources plc (KEN.L) 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.

	KEN.L	MUU	Difference
Sharpe ratio: Return per unit of total volatility	12.62	18.69	-6.07
Sortino ratio: Return per unit of downside risk	7.87	5.10	+2.77
Omega ratio: Gain probability vs. loss probability	2.16	1.65	+0.51
Calmar ratio: Return relative to maximum drawdown	45.74	50.14	-4.41
Martin ratio: Return relative to average drawdown	104.44	158.00	-53.56

KEN.L vs. MUU - Sharpe Ratio Comparison

The current KEN.L Sharpe Ratio is 12.62, which is lower than the MUU Sharpe Ratio of 18.69. The chart below compares the historical Sharpe Ratios of KEN.L and MUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KEN.L vs. MUU - Drawdown Comparison

The maximum KEN.L drawdown since its inception was -95.87%, which is greater than MUU's maximum drawdown of -75.54%. Use the drawdown chart below to compare losses from any high point for KEN.L and MUU.

Drawdown Indicators

	KEN.L	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-95.87%	-75.54%	-20.33%
Max Drawdown (1Y) Largest decline over 1 year	-45.10%	-56.35%	+11.25%
Max Drawdown (3Y) Largest decline over 3 years	-86.99%	—	—
Current Drawdown Current decline from peak	-37.45%	-54.56%	+17.11%
Average Drawdown Average peak-to-trough decline	-75.64%	-23.81%	-51.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.79%	17.86%	+1.93%

Volatility

KEN.L vs. MUU - Volatility Comparison

The current volatility for Kendrick Resources plc (KEN.L) is 20.88%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 61.63%. This indicates that KEN.L 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

	KEN.L	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.88%	61.63%	-40.75%
Volatility (6M) Calculated over the trailing 6-month period	128.96%	124.31%	+4.65%
Volatility (1Y) Calculated over the trailing 1-year period	163.78%	151.48%	+12.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.38%	141.21%	-43.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.38%	141.21%	-43.83%

Dividends

KEN.L vs. MUU - Dividend Comparison

KEN.L has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 1.20%.

Position	TTM	2025	2024
KEN.L Kendrick Resources plc	0.00%	0.00%	0.00%
MUU Direxion Daily MU Bull 2X Shares	1.20%	4.27%	0.31%

Frequently Asked Questions

Can I hold both KEN.L and MUU in my portfolio?

KEN.L and MUU have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.