MSFL vs. MUU

Last updated Jun 26, 2026

MSFL (GraniteShares 2x Long MSFT Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. MSFL is actively managed, while MUU is passively managed. At a correlation of -0.50, they often move in opposite directions. MSFL charges 1.15%/yr vs 1.01%/yr for MUU.

Performance

MSFL vs. MUU - Performance Comparison

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

Returns By Period

MSFL

• 1D: -7.03%
• 1M: -29.70%
• YTD: -51.34%
• 6M: -52.32%
• 1Y: -55.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 31.07%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFL vs. MUU - Yearly Performance Comparison

	2026 (YTD)
MSFL GraniteShares 2x Long MSFT Daily ETF	-22.81%
MUU Direxion Daily MU Bull 2X Shares	14.65%

Correlation

The correlation between MSFL and MUU is -0.50, 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 (All Time) Calculated using the full available price history since Jun 16, 2026	-0.50

Return for Risk

MSFL vs. MUU — Risk / Return Rank

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

MSFL

MSFL Risk / Return Rank: 1
MSFL Sharpe Ratio Rank: 1
MSFL Sortino Ratio Rank: 1
MSFL Omega Ratio Rank: 1
MSFL Calmar Ratio Rank: 1
MSFL Martin Ratio Rank: 1

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.

MSFL vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSFT Daily ETF (MSFL) 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.

	MSFL	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	—	—
Sortino ratio: Return per unit of downside risk	-1.61	—	—
Omega ratio: Gain probability vs. loss probability	0.80	—	—
Calmar ratio: Return relative to maximum drawdown	-0.89	—	—
Martin ratio: Return relative to average drawdown	-1.66	—	—

Drawdowns

MSFL vs. MUU - Drawdown Comparison

The maximum MSFL drawdown since its inception was -62.08%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for MSFL and MUU.

Drawdown Indicators

	MSFL	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-62.08%	-26.63%	-35.45%
Max Drawdown (1Y) Largest decline over 1 year	-62.08%	—	—
Current Drawdown Current decline from peak	-62.08%	-3.84%	-58.24%
Average Drawdown Average peak-to-trough decline	-22.38%	-11.62%	-10.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.27%	—	—

Volatility

Volatility by Period

	MSFL	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	52.46%	307.99%	-255.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.17%	307.99%	-257.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.17%	307.99%	-257.82%

MSFL vs. MUU - Expense Ratio Comparison

MSFL has a 1.15% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

MSFL vs. MUU - Dividend Comparison

MSFL has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM
MSFL GraniteShares 2x Long MSFT Daily ETF	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.17%

Frequently Asked Questions

Can I hold both MSFL and MUU in my portfolio?

MSFL and MUU have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSFL 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, MSFL or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.15% for MSFL.

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

MUU has the higher dividend yield at 0.17%, compared with 0.00% for MSFL.

What is the main difference between MSFL and MUU?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.15% for MSFL and 1.01% for MUU.