MSII vs. MUU

Last updated Jul 14, 2026

MSII (REX MSTR Growth & Income ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. MSII is actively managed, while MUU is passively managed. Over the past year, MSII returned -75.55% vs 2796.55% for MUU. At a 0.24 correlation, their price movements are largely independent. MSII charges 0.99%/yr vs 1.01%/yr for MUU.

Performance

MSII vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX MSTR Growth & Income ETF (MSII) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSII achieves a -28.10% return, which is significantly lower than MUU's 575.80% return.

MSII

• 1D: 0.00%
• 1M: 0.00%
• 6M: -32.25%
• YTD: -28.10%
• 1Y: -75.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -9.01%
• 1M: -18.36%
• 6M: 372.65%
• YTD: 575.80%
• 1Y: 2,796.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSII vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025
MSII REX MSTR Growth & Income ETF	-28.10%	-61.03%
MUU Direxion Daily MU Bull 2X Shares	575.80%	524.08%

Correlation

The correlation between MSII and MUU is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.24

Return for Risk

MSII vs. MUU — Risk / Return Rank

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

MSII

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

MUU

MUU Risk / Return Rank: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 100
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.

MSII vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX MSTR Growth & Income ETF (MSII) 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.

	MSII	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	23.95	-24.99
Sortino ratio: Return per unit of downside risk	-1.98	5.62	-7.60
Omega ratio: Gain probability vs. loss probability	0.77	1.69	-0.92
Calmar ratio: Return relative to maximum drawdown	-0.94	66.09	-67.03
Martin ratio: Return relative to average drawdown	-1.31	221.31	-222.62

MSII vs. MUU - Sharpe Ratio Comparison

The current MSII Sharpe Ratio is -1.03, which is lower than the MUU Sharpe Ratio of 23.95. The chart below compares the historical Sharpe Ratios of MSII 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

MSII vs. MUU - Drawdown Comparison

The maximum MSII drawdown since its inception was -78.73%, roughly equal to the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for MSII and MUU.

Drawdown Indicators

	MSII	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-78.73%	-75.07%	-3.66%
Max Drawdown (1Y) Largest decline over 1 year	-78.73%	-52.72%	-26.01%
Current Drawdown Current decline from peak	-76.65%	-36.32%	-40.33%
Average Drawdown Average peak-to-trough decline	-48.03%	-23.43%	-24.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.38%	16.57%	+39.81%

Volatility

MSII vs. MUU - Volatility Comparison

The current volatility for REX MSTR Growth & Income ETF (MSII) is 20.17%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.81%. This indicates that MSII 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

	MSII	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.17%	67.81%	-47.64%
Volatility (6M) Calculated over the trailing 6-month period	56.48%	116.35%	-59.87%
Volatility (1Y) Calculated over the trailing 1-year period	71.71%	145.78%	-74.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.96%	138.10%	-68.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.96%	138.10%	-68.14%

MSII vs. MUU - Expense Ratio Comparison

MSII has a 0.99% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

MSII vs. MUU - Dividend Comparison

MSII has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.70%.

Position	TTM	2025	2024
MSII REX MSTR Growth & Income ETF	76.94%	48.93%	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.70%	4.27%	0.31%

Frequently Asked Questions

Can I hold both MSII and MUU in my portfolio?

MSII and MUU have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSII or MUU?

MUU has higher volatility (67.81%) compared to MSII (20.17%). In terms of maximum drawdown, MSII dropped -78.73% vs MUU's -75.07%.

Which ETF is better, MSII or MUU?

On 1-year performance, MUU leads with 2796.55% vs -75.55% for MSII. On fees, MSII is cheaper at 0.99% per year. On volatility, MSII has been the lower-risk option at 20.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSII or MUU?

Over the 1-year period, MUU has performed better with a 2796.55% return vs -75.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSII or MUU?

MSII is cheaper with a 0.99% expense ratio, compared with 1.01% for MUU.

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

MSII has the higher dividend yield at 76.94%, compared with 0.70% for MUU.

What is the main difference between MSII and MUU?

They also come from different issuers: REX and Direxion. Their fees differ too: 0.99% for MSII and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (23.95 vs -1.03), 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.