KIE vs. MUU
KIE (SPDR S&P Insurance ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - KIE is a Financials Equities fund tracking the S&P Insurance Select Industry Index, while MUU is a Leveraged Equities fund actively managed by Direxion. KIE is passively managed, while MUU is actively managed. Over the past year, KIE returned -4.49% vs 5396.82% for MUU. At a 0.00 correlation, their price movements are largely independent. KIE charges 0.35%/yr vs 1.06%/yr for MUU.
Performance
KIE vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, KIE achieves a -7.66% return, which is significantly lower than MUU's 798.37% return.
KIE
- 1D
- 1.88%
- 1M
- -2.28%
- YTD
- -7.66%
- 6M
- -5.51%
- 1Y
- -4.49%
- 3Y*
- 13.96%
- 5Y*
- 8.63%
- 10Y*
- 10.58%
MUU
- 1D
- -15.35%
- 1M
- 121.05%
- YTD
- 798.37%
- 6M
- 1,279.44%
- 1Y
- 5,396.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KIE vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KIE SPDR S&P Insurance ETF | -7.66% | 8.12% | 0.15% |
MUU Direxion Daily MU Bull 2X Shares | 798.37% | 599.03% | -43.09% |
Correlation
The correlation between KIE and MUU is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024 | 0.00 |
The correlation between KIE and MUU shifts across timeframes, from -0.18 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KIE vs. MUU — Risk / Return Rank
KIE
MUU
KIE vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) 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.
| KIE | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -41.59 | ||
| Sortino ratioReturn per unit of downside risk | -7.05 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.86 | -0.89 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 104.05 | -104.43 |
| Martin ratioReturn relative to average drawdown | -0.93 | 352.22 | -353.15 |
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
| KIE | MUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 41.32 | -41.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 5.91 | -5.62 |
Drawdowns
KIE vs. MUU - Drawdown Comparison
The maximum KIE drawdown since its inception was -75.30%, roughly equal to the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for KIE and MUU.
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Drawdown Indicators
| KIE | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.30% | -75.07% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -52.72% | +40.91% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.31% | — | — |
Current DrawdownCurrent decline from peak | -8.99% | -15.35% | +6.36% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -23.42% | +11.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 15.54% | -10.70% |
Volatility
KIE vs. MUU - Volatility Comparison
The current volatility for SPDR S&P Insurance ETF (KIE) is 4.99%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 56.84%. This indicates that KIE 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
| KIE | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 56.84% | -51.85% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 106.70% | -95.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 132.77% | -116.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.39% | 134.14% | -115.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 134.14% | -112.96% |
KIE vs. MUU - Expense Ratio Comparison
KIE has a 0.35% expense ratio, which is lower than MUU's 1.06% expense ratio.
Dividends
KIE vs. MUU - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.68%, more than MUU's 0.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIE SPDR S&P Insurance ETF | 1.68% | 1.57% | 1.48% | 1.45% | 1.90% | 1.95% | 1.85% | 1.76% | 1.83% | 1.56% | 1.55% | 1.65% |
MUU Direxion Daily MU Bull 2X Shares | 0.54% | 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
KIE and MUU have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUU has higher volatility (56.84%) compared to KIE (4.99%). In terms of maximum drawdown, KIE dropped -75.30% vs MUU's -75.07%.
On 1-year performance, MUU leads with 5396.82% vs -4.49% for KIE. On fees, KIE is cheaper at 0.35% per year. On volatility, KIE has been the lower-risk option at 4.99%. 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 5396.82% return vs -4.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KIE is cheaper with a 0.35% expense ratio, compared with 1.06% for MUU.
KIE has the higher dividend yield at 1.68%, compared with 0.54% for MUU.
KIE is categorized as Financials Equities, while MUU is Leveraged Equities. They also come from different issuers: State Street and Direxion. Their fees differ too: 0.35% for KIE and 1.06% for MUU.
MUU currently has the higher Sharpe Ratio (41.32 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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