MUU vs. DLLL

Last updated Jun 24, 2026

MUU (Direxion Daily MU Bull 2X Shares) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds - MUU tracks the Micron Technology, Inc. (200% Daily) while DLLL tracks the Dell Technologies Inc. (DELL). Both are passively managed. At a correlation of -0.20, they often move in opposite directions. MUU charges 1.01%/yr vs 1.50%/yr for DLLL.

Performance

MUU vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MU Bull 2X Shares (MUU) and GraniteShares 2x Long DELL Daily ETF (DLLL). 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*: —

DLLL

• 1D: 4.21%
• 1M: 89.37%
• YTD: 762.51%
• 6M: 738.64%
• 1Y: 765.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUU vs. DLLL - Yearly Performance Comparison

	2026 (YTD)
MUU Direxion Daily MU Bull 2X Shares	-12.11%
DLLL GraniteShares 2x Long DELL Daily ETF	8.93%

Correlation

The correlation between MUU and DLLL is -0.20, 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	-0.20

Return for Risk

MUU vs. DLLL — 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.

DLLL

DLLL Risk / Return Rank: 96
DLLL Sharpe Ratio Rank: 99
DLLL Sortino Ratio Rank: 94
DLLL Omega Ratio Rank: 92
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 95

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. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bull 2X Shares (MUU) and GraniteShares 2x Long DELL Daily ETF (DLLL). 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	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	—	5.91	—
Sortino ratio: Return per unit of downside risk	—	4.55	—
Omega ratio: Gain probability vs. loss probability	—	1.56	—
Calmar ratio: Return relative to maximum drawdown	—	13.52	—
Martin ratio: Return relative to average drawdown	—	27.52	—

Drawdowns

MUU vs. DLLL - Drawdown Comparison

The maximum MUU drawdown since its inception was -26.28%, smaller than the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for MUU and DLLL.

Drawdown Indicators

	MUU	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-26.28%	-68.58%	+42.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-57.19%	—
Current Drawdown Current decline from peak	-26.28%	-18.41%	-7.87%
Average Drawdown Average peak-to-trough decline	-10.19%	-25.86%	+15.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.05%	—

Volatility

Volatility by Period

	MUU	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	66.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	102.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	295.32%	131.00%	+164.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	295.32%	129.67%	+165.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	295.32%	129.67%	+165.65%

MUU vs. DLLL - Expense Ratio Comparison

MUU has a 1.01% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

MUU vs. DLLL - Dividend Comparison

Neither MUU nor DLLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MUU and DLLL in my portfolio?

MUU and DLLL have a correlation of -0.20, 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 DLLL?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MUU or DLLL?

MUU is cheaper with a 1.01% expense ratio, compared with 1.50% for DLLL.

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

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

What is the main difference between MUU and DLLL?

MUU tracks Micron Technology, Inc. (200% Daily), while DLLL tracks Dell Technologies Inc. (DELL). They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.01% for MUU and 1.50% for DLLL.