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 -92.90% vs 4088.71% for AXTI. At a correlation of -0.33, they often move in opposite directions.
Performance
MUD vs. AXTI - Performance Comparison
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Returns By Period
In the year-to-date period, MUD achieves a -80.97% return, which is significantly lower than AXTI's 376.51% return.
MUD
- 1D
- 12.55%
- 1M
- -38.07%
- YTD
- -80.97%
- 6M
- -81.60%
- 1Y
- -92.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AXTI
- 1D
- -15.72%
- 1M
- -44.68%
- YTD
- 376.51%
- 6M
- 432.17%
- 1Y
- 4,088.71%
- 3Y*
- 187.46%
- 5Y*
- 47.21%
- 10Y*
- 37.61%
MUD vs. AXTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MUD Direxion Daily MU Bear 1X Shares | -80.97% | -78.75% | 19.12% |
AXTI AXT, Inc. | 376.51% | 653.46% | -13.20% |
Correlation
The correlation between MUD and AXTI is -0.25, 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 (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | -0.33 |
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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 | -31.08 | ||
| Sortino ratioReturn per unit of downside risk | -9.89 | ||
| Omega ratioGain probability vs. loss probability | 0.58 | 1.75 | -1.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 92.92 | -93.90 |
| Martin ratioReturn relative to average drawdown | -1.44 | 283.36 | -284.80 |
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Drawdowns
MUD vs. AXTI - Drawdown Comparison
The maximum MUD drawdown since its inception was -96.89%, 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.
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Drawdown Indicators
| MUD | AXTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.89% | -98.57% | +1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -94.52% | -44.68% | -49.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -78.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.45% | — |
Current DrawdownCurrent decline from peak | -96.50% | -44.68% | -51.82% |
Average DrawdownAverage peak-to-trough decline | -51.61% | -82.23% | +30.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.29% | 14.62% | +49.67% |
Volatility
MUD vs. AXTI - Volatility Comparison
The current volatility for Direxion Daily MU Bear 1X Shares (MUD) is 38.19%, while AXT, Inc. (AXTI) has a volatility of 46.63%. 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.
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Volatility by Period
| MUD | AXTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.19% | 46.63% | -8.44% |
Volatility (6M)Calculated over the trailing 6-month period | 62.00% | 115.68% | -53.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.50% | 139.31% | -66.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.99% | 96.95% | -26.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.99% | 83.20% | -13.21% |
Dividends
MUD vs. AXTI - Dividend Comparison
MUD's dividend yield for the trailing twelve months is around 30.97%, 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 | 30.97% | 9.21% | 0.47% |
Frequently Asked Questions
MUD and AXTI 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.
AXTI has higher volatility (46.63%) compared to MUD (38.19%). In terms of maximum drawdown, MUD dropped -96.89% vs AXTI's -98.57%.
AXTI currently has the higher Sharpe Ratio (29.80 vs -1.28), 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.
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