MSTW vs. MUU

Last updated Jul 14, 2026

MSTW (Roundhill MSTR WeeklyPay ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - MSTW is a Derivative Income fund actively managed by Roundhill, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). MSTW is actively managed, while MUU is passively managed. At a 0.29 correlation, their price movements are largely independent. MSTW charges 0.99%/yr vs 1.01%/yr for MUU.

Performance

MSTW vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSTR WeeklyPay ETF (MSTW) 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, MSTW achieves a -49.77% return, which is significantly lower than MUU's 575.80% return.

MSTW

• 1D: -3.26%
• 1M: -32.02%
• 6M: -53.37%
• YTD: -49.77%
• 1Y: —
• 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)

MSTW vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025
MSTW Roundhill MSTR WeeklyPay ETF	-49.77%	-71.40%
MUU Direxion Daily MU Bull 2X Shares	575.80%	455.80%

Correlation

The correlation between MSTW and MUU is 0.29, 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 Jul 24, 2025	0.29

Return for Risk

MSTW vs. MUU — Risk / Return Rank

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

MSTW

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.

MSTW vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) 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.

	MSTW	MUU	Difference
Sharpe ratio: Return per unit of total volatility	—	23.95	—
Sortino ratio: Return per unit of downside risk	—	5.62	—
Omega ratio: Gain probability vs. loss probability	—	1.69	—
Calmar ratio: Return relative to maximum drawdown	—	66.09	—
Martin ratio: Return relative to average drawdown	—	221.31	—

Drawdowns

MSTW vs. MUU - Drawdown Comparison

The maximum MSTW drawdown since its inception was -87.29%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for MSTW and MUU.

Drawdown Indicators

	MSTW	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-87.29%	-75.07%	-12.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.72%	—
Current Drawdown Current decline from peak	-85.64%	-36.32%	-49.32%
Average Drawdown Average peak-to-trough decline	-57.27%	-23.43%	-33.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.57%	—

Volatility

Volatility by Period

	MSTW	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	67.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	116.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	91.07%	145.78%	-54.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.07%	138.10%	-47.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.07%	138.10%	-47.03%

MSTW vs. MUU - Expense Ratio Comparison

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

Dividends

MSTW vs. MUU - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 411.61%, more than MUU's 0.70% yield.

Position	TTM	2025	2024
MSTW Roundhill MSTR WeeklyPay ETF	411.61%	106.94%	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.70%	4.27%	0.31%

Frequently Asked Questions

Can I hold both MSTW and MUU in my portfolio?

MSTW and MUU have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTW or MUU?

On fees, MSTW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSTW or MUU?

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

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

MSTW has the higher dividend yield at 411.61%, compared with 0.70% for MUU.

What is the main difference between MSTW and MUU?

MSTW is categorized as Derivative Income, while MUU is Leveraged Equities. They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.99% for MSTW and 1.01% for MUU.