MUU vs. BUSA

Last updated Jun 24, 2026

MUU (Direxion Daily MU Bull 2X Shares) and BUSA (Brandes U.S. Value ETF) are both exchange-traded funds - MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily), while BUSA is a Large Cap Value Equities fund actively managed by Brandes. MUU is passively managed, while BUSA is actively managed. At a correlation of -0.70, they often move in opposite directions. MUU charges 1.01%/yr vs 0.60%/yr for BUSA.

Performance

MUU vs. BUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MU Bull 2X Shares (MUU) and Brandes U.S. Value ETF (BUSA). 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*: —

BUSA

• 1D: 0.31%
• 1M: 0.34%
• YTD: 7.28%
• 6M: 6.78%
• 1Y: 20.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUU vs. BUSA - Yearly Performance Comparison

	2026 (YTD)
MUU Direxion Daily MU Bull 2X Shares	-12.11%
BUSA Brandes U.S. Value ETF	-2.07%

Correlation

The correlation between MUU and BUSA is -0.70, 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 (All Time) Calculated using the full available price history since Jun 16, 2026	-0.70

Return for Risk

MUU vs. BUSA — 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.

BUSA

BUSA Risk / Return Rank: 54
BUSA Sharpe Ratio Rank: 53
BUSA Sortino Ratio Rank: 55
BUSA Omega Ratio Rank: 51
BUSA Calmar Ratio Rank: 58
BUSA Martin Ratio Rank: 55

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. BUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bull 2X Shares (MUU) and Brandes U.S. Value ETF (BUSA). 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	BUSA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.72	—
Sortino ratio: Return per unit of downside risk	—	2.47	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.70	—
Martin ratio: Return relative to average drawdown	—	9.11	—

Drawdowns

MUU vs. BUSA - Drawdown Comparison

The maximum MUU drawdown since its inception was -26.28%, which is greater than BUSA's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for MUU and BUSA.

Drawdown Indicators

	MUU	BUSA	Difference
Max Drawdown Largest peak-to-trough decline	-26.28%	-14.19%	-12.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.61%	—
Current Drawdown Current decline from peak	-26.28%	-2.62%	-23.66%
Average Drawdown Average peak-to-trough decline	-10.19%	-2.12%	-8.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.25%	—

Volatility

Volatility by Period

	MUU	BUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	295.32%	11.98%	+283.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	295.32%	13.63%	+281.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	295.32%	13.63%	+281.69%

MUU vs. BUSA - Expense Ratio Comparison

MUU has a 1.01% expense ratio, which is higher than BUSA's 0.60% expense ratio.

Dividends

MUU vs. BUSA - Dividend Comparison

MUU has not paid dividends to shareholders, while BUSA's dividend yield for the trailing twelve months is around 1.47%.

Position	TTM	2025	2024	2023
BUSA Brandes U.S. Value ETF	1.47%	1.53%	1.37%	0.22%
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MUU and BUSA in my portfolio?

MUU and BUSA have a correlation of -0.70, 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 BUSA?

On fees, BUSA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MUU or BUSA?

BUSA is cheaper with a 0.60% expense ratio, compared with 1.01% for MUU.

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

BUSA has the higher dividend yield at 1.47%, compared with 0.00% for MUU.

What is the main difference between MUU and BUSA?

MUU is categorized as Leveraged Equities, while BUSA is Large Cap Value Equities. They also come from different issuers: Direxion and Brandes. Their fees differ too: 1.01% for MUU and 0.60% for BUSA.