MUU vs. AGQ

Last updated Jun 24, 2026

MUU (Direxion Daily MU Bull 2X Shares) and AGQ (ProShares Ultra Silver) are both exchange-traded funds - MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily), while AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%). Both are passively managed. At a 0.30 correlation, their price movements are largely independent. MUU charges 1.01%/yr vs 0.93%/yr for AGQ.

Performance

MUU vs. AGQ - Performance Comparison

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

Returns By Period

MUU

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

AGQ

• 1D: -10.97%
• 1M: -35.39%
• YTD: -52.18%
• 6M: -55.31%
• 1Y: 54.32%
• 3Y*: 41.58%
• 5Y*: 10.28%
• 10Y*: 5.67%

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

MUU vs. AGQ - Yearly Performance Comparison

	2026 (YTD)
MUU Direxion Daily MU Bull 2X Shares	-12.11%
AGQ ProShares Ultra Silver	-23.54%

Correlation

The correlation between MUU and AGQ is 0.30, 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	0.30

Return for Risk

MUU vs. AGQ — Risk / Return Rank

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

MUU

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

AGQ

AGQ Risk / Return Rank: 22
AGQ Sharpe Ratio Rank: 15
AGQ Sortino Ratio Rank: 27
AGQ Omega Ratio Rank: 35
AGQ Calmar Ratio Rank: 17
AGQ Martin Ratio Rank: 14

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.

MUU vs. AGQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bull 2X Shares (MUU) and ProShares Ultra Silver (AGQ). 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.

	MUU	AGQ	Difference
Sharpe ratio: Return per unit of total volatility	—	0.44	—
Sortino ratio: Return per unit of downside risk	—	1.41	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	0.67	—
Martin ratio: Return relative to average drawdown	—	1.25	—

Drawdowns

MUU vs. AGQ - Drawdown Comparison

The maximum MUU drawdown since its inception was -26.28%, smaller than the maximum AGQ drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for MUU and AGQ.

Drawdown Indicators

	MUU	AGQ	Difference
Max Drawdown Largest peak-to-trough decline	-26.28%	-98.16%	+71.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-81.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-81.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.48%	—
Current Drawdown Current decline from peak	-26.28%	-89.85%	+63.57%
Average Drawdown Average peak-to-trough decline	-10.19%	-79.87%	+69.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	43.63%	—

Volatility

Volatility by Period

	MUU	AGQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	135.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	295.32%	123.59%	+171.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	295.32%	75.53%	+219.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	295.32%	66.15%	+229.17%

MUU vs. AGQ - Expense Ratio Comparison

MUU has a 1.01% expense ratio, which is higher than AGQ's 0.93% expense ratio.

Dividends

MUU vs. AGQ - Dividend Comparison

Neither MUU nor AGQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MUU and AGQ in my portfolio?

MUU and AGQ have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MUU or AGQ?

On fees, AGQ is cheaper at 0.93% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MUU or AGQ?

AGQ is cheaper with a 0.93% expense ratio, compared with 1.01% for MUU.

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

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

What is the main difference between MUU and AGQ?

MUU is categorized as Leveraged Equities, while AGQ is Silver. MUU tracks Micron Technology, Inc. (200% Daily), while AGQ tracks Bloomberg Silver Subindex (200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.01% for MUU and 0.93% for AGQ.