MUD vs. AXTI
MUD (Direxion Daily MU Bear 1X Shares) is Inverse Equities fund actively managed by Direxion, while AXTI (AXT, Inc.) is a stock. Over the past year, MUD returned -93.46% vs 2993.36% for AXTI. Their -0.36 correlation means they have often moved in opposite directions in the past.
Performance
MUD vs. AXTI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MUD achieves a -80.35% return, which is significantly lower than AXTI's 299.20% return.
MUD
- 1D
- -7.66%
- 1M
- -0.79%
- 6M
- -69.73%
- YTD
- -80.35%
- 1Y
- -93.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -80.86%
AXTI
- 1D
- -4.95%
- 1M
- 15.28%
- 6M
- 230.65%
- YTD
- 299.20%
- 1Y
- 2,993.36%
- 3Y*
- 181.69%
- 5Y*
- 46.66%
- 10Y*
- 32.65%
- ALL TIME*
- 6.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AXTI AXT, Inc. | $711.87M | $589.91M | $820.52M |
| $176.35M | $166.22M | $199.88M |
MUD vs. AXTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MUD Direxion Daily MU Bear 1X Shares | -80.35% | -78.75% | 19.12% |
AXTI AXT, Inc. | 299.20% | 653.46% | -13.20% |
Correlation
The correlation between MUD and AXTI is -0.32, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | -0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MUD vs. AXTI — Risk / Return Rank
MUD
AXTI
MUD vs. AXTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bear 1X Shares (MUD) and AXT, Inc. (AXTI). 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.
| MUD | AXTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.43 | ||
| Sortino ratioReturn per unit of downside risk | -8.92 | ||
| Omega ratioGain probability vs. loss probability | 0.61 | 1.65 | -1.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 41.17 | -42.16 |
| Martin ratioReturn relative to average drawdown | -1.32 | 123.25 | -124.56 |
Loading charts...
Drawdowns
MUD vs. AXTI - Drawdown Comparison
The maximum MUD drawdown since its inception was -97.03%, roughly equal to the maximum AXTI drawdown of -98.57%. Use the drawdown chart below to compare losses from any high point for MUD and AXTI.
Loading charts...
Drawdown Indicators
| MUD | AXTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.03% | -98.57% | +1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -94.56% | -73.75% | -20.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -78.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.45% | — |
Current DrawdownCurrent decline from peak | -96.38% | -53.65% | -42.73% |
Average DrawdownAverage peak-to-trough decline | -54.46% | -82.14% | +27.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.10% | 24.59% | +46.51% |
Volatility
MUD vs. AXTI - Volatility Comparison
The current volatility for Direxion Daily MU Bear 1X Shares (MUD) is 33.65%, while AXT, Inc. (AXTI) has a volatility of 56.01%. This indicates that MUD experiences smaller price fluctuations and is considered to be less risky than AXTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MUD | AXTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.65% | 56.01% | -22.36% |
Volatility (6M)Calculated over the trailing 6-month period | 70.44% | 122.58% | -52.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.08% | 149.92% | -68.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.63% | 100.53% | -26.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.63% | 85.37% | -11.74% |
Dividends
MUD vs. AXTI - Dividend Comparison
MUD's dividend yield for the trailing twelve months is around 12.46%, while AXTI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AXTI AXT, Inc. | 0.00% | 0.00% | 0.00% |
MUD Direxion Daily MU Bear 1X Shares | 12.46% | 9.21% | 0.47% |
Frequently Asked Questions
MUD and AXTI have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXTI has higher volatility (56.01%) compared to MUD (33.65%). In terms of maximum drawdown, MUD dropped -97.03% vs AXTI's -98.57%.
AXTI currently has the higher Sharpe Ratio (20.28 vs -1.15), 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.
Find the right allocation for MUD and AXTI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer