MSOX vs. MUU

Last updated Jun 24, 2026

MSOX (Advisorshares Msos 2x Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. MSOX is actively managed, while MUU is passively managed. At a 0.40 correlation, their price movements are largely independent. MSOX charges 0.95%/yr vs 1.01%/yr for MUU.

Performance

MSOX vs. MUU - Performance Comparison

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

Returns By Period

MSOX

• 1D: -8.53%
• 1M: -2.55%
• YTD: -40.18%
• 6M: -40.18%
• 1Y: 24.07%
• 3Y*: -65.45%
• 5Y*: —
• 10Y*: —

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSOX vs. MUU - Yearly Performance Comparison

	2026 (YTD)
MSOX Advisorshares Msos 2x Daily ETF	-17.79%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between MSOX and MUU is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.40

Return for Risk

MSOX vs. MUU — Risk / Return Rank

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

MSOX

MSOX Risk / Return Rank: 22
MSOX Sharpe Ratio Rank: 10
MSOX Sortino Ratio Rank: 41
MSOX Omega Ratio Rank: 36
MSOX Calmar Ratio Rank: 12
MSOX Martin Ratio Rank: 11

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.

MSOX vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) 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.

	MSOX	MUU	Difference
Sharpe ratio: Return per unit of total volatility	0.11	—	—
Sortino ratio: Return per unit of downside risk	1.97	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	0.28	—	—
Martin ratio: Return relative to average drawdown	0.42	—	—

Drawdowns

MSOX vs. MUU - Drawdown Comparison

The maximum MSOX drawdown since its inception was -99.75%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for MSOX and MUU.

Drawdown Indicators

	MSOX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-26.28%	-73.47%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-98.83%	—	—
Current Drawdown Current decline from peak	-99.60%	-26.28%	-73.32%
Average Drawdown Average peak-to-trough decline	-88.90%	-10.19%	-78.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.15%	—	—

Volatility

Volatility by Period

	MSOX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	113.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	220.65%	295.32%	-74.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	168.09%	295.32%	-127.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	168.09%	295.32%	-127.23%

MSOX vs. MUU - Expense Ratio Comparison

MSOX has a 0.95% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

MSOX vs. MUU - Dividend Comparison

Neither MSOX nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MSOX and MUU in my portfolio?

MSOX and MUU have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSOX or MUU?

On fees, MSOX is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSOX or MUU?

MSOX is cheaper with a 0.95% expense ratio, compared with 1.01% for MUU.

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

MSOX and MUU have nearly identical dividend yields, around 0.00%.

What is the main difference between MSOX and MUU?

They also come from different issuers: AdvisorShares and Direxion. Their fees differ too: 0.95% for MSOX and 1.01% for MUU.