METU vs. CCJ
METU (Direxion Daily META Bull 2X ETF) is Leveraged Equities fund actively managed by Direxion, while CCJ (Cameco Corporation) is a stock. Over the past year, METU returned -45.28% vs 51.75% for CCJ. At a 0.32 correlation, their price movements are largely independent.
Performance
METU vs. CCJ - Performance Comparison
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Returns By Period
In the year-to-date period, METU achieves a -34.42% return, which is significantly lower than CCJ's 10.35% return.
METU
- 1D
- -0.71%
- 1M
- -16.47%
- YTD
- -34.42%
- 6M
- -31.54%
- 1Y
- -45.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CCJ
- 1D
- 2.01%
- 1M
- -6.09%
- YTD
- 10.35%
- 6M
- 10.35%
- 1Y
- 51.75%
- 3Y*
- 47.60%
- 5Y*
- 36.72%
- 10Y*
- 25.74%
METU vs. CCJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
METU Direxion Daily META Bull 2X ETF | -34.42% | -1.01% | 28.79% |
CCJ Cameco Corporation | 10.35% | 78.38% | -3.97% |
Correlation
The correlation between METU and CCJ is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024 | 0.32 |
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Return for Risk
METU vs. CCJ — Risk / Return Rank
METU
CCJ
METU vs. CCJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) and Cameco Corporation (CCJ). 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.
| METU | CCJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.20 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.83 | -2.59 |
| Martin ratioReturn relative to average drawdown | -1.36 | 4.43 | -5.79 |
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Drawdowns
METU vs. CCJ - Drawdown Comparison
The maximum METU drawdown since its inception was -61.85%, smaller than the maximum CCJ drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for METU and CCJ.
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Drawdown Indicators
| METU | CCJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.85% | -87.53% | +25.68% |
Max Drawdown (1Y)Largest decline over 1 year | -61.52% | -29.13% | -32.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -40.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.22% | — |
Current DrawdownCurrent decline from peak | -58.08% | -24.71% | -33.37% |
Average DrawdownAverage peak-to-trough decline | -23.93% | -46.07% | +22.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 11.99% | +22.47% |
Volatility
METU vs. CCJ - Volatility Comparison
Direxion Daily META Bull 2X ETF (METU) has a higher volatility of 20.46% compared to Cameco Corporation (CCJ) at 17.90%. This indicates that METU's price experiences larger fluctuations and is considered to be riskier than CCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| METU | CCJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.46% | 17.90% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 54.04% | 39.91% | +14.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.96% | 55.17% | +15.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.35% | 50.01% | +22.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.35% | 46.75% | +25.60% |
Dividends
METU vs. CCJ - Dividend Comparison
METU's dividend yield for the trailing twelve months is around 4.71%, more than CCJ's 0.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCJ Cameco Corporation | 0.17% | 0.19% | 0.22% | 0.20% | 0.39% | 0.29% | 0.46% | 0.67% | 0.53% | 4.33% | 3.82% | 3.24% |
METU Direxion Daily META Bull 2X ETF | 4.71% | 3.00% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
METU and CCJ have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
METU has higher volatility (20.46%) compared to CCJ (17.90%). In terms of maximum drawdown, METU dropped -61.85% vs CCJ's -87.53%.
CCJ currently has the higher Sharpe Ratio (0.96 vs -0.66), 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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