MUU vs. IAUM

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily MU Bull 2X Shares (MUU) and iShares Gold Trust Micro (IAUM).

MUU and IAUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jun 15, 2021.

Performance

MUU vs. IAUM - Performance Comparison

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

MUU vs. IAUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MUU Direxion Daily MU Bull 2X Shares	19.95%	599.03%	-43.09%
IAUM iShares Gold Trust Micro	8.63%	64.27%	-0.15%

Returns By Period

In the year-to-date period, MUU achieves a 19.95% return, which is significantly higher than IAUM's 8.63% return.

MUU

• 1D: 9.69%
• 1M: -37.04%
• YTD: 19.95%
• 6M: 205.62%
• 1Y: 790.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUM

• 1D: 3.78%
• 1M: -11.00%
• YTD: 8.63%
• 6M: 21.30%
• 1Y: 49.82%
• 3Y*: 33.36%
• 5Y*: —
• 10Y*: —

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

MUU vs. IAUM - Expense Ratio Comparison

MUU has a 1.06% expense ratio, which is higher than IAUM's 0.09% expense ratio.

MUU

Direxion Daily MU Bull 2X Shares

IAUM

iShares Gold Trust Micro

Return for Risk

MUU vs. IAUM — Risk / Return Rank

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

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 99
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 99
MUU Martin Ratio Rank: 98

IAUM

IAUM Risk / Return Rank: 88
IAUM Sharpe Ratio Rank: 89
IAUM Sortino Ratio Rank: 87
IAUM Omega Ratio Rank: 86
IAUM Calmar Ratio Rank: 89
IAUM Martin Ratio Rank: 88

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. IAUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bull 2X Shares (MUU) and iShares Gold Trust Micro (IAUM). 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.

	MUU	IAUM	Difference
Sharpe ratio Return per unit of total volatility	6.16	1.82	+4.34
Sortino ratio Return per unit of downside risk	3.70	2.26	+1.44
Omega ratio Gain probability vs. loss probability	1.49	1.33	+0.16
Calmar ratio Return relative to maximum drawdown	14.42	2.72	+11.70
Martin ratio Return relative to average drawdown	40.98	10.05	+30.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MUU vs. IAUM - Sharpe Ratio Comparison

The current MUU Sharpe Ratio is 6.16, which is higher than the IAUM Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of MUU and IAUM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MUU	IAUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.16	1.82	+4.34
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	1.29	+0.23

Correlation

The correlation between MUU and IAUM is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MUU vs. IAUM - Dividend Comparison

MUU's dividend yield for the trailing twelve months is around 4.03%, while IAUM has not paid dividends to shareholders.

	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	4.03%	4.27%	0.31%
IAUM iShares Gold Trust Micro	0.00%	0.00%	0.00%

Drawdowns

MUU vs. IAUM - Drawdown Comparison

The maximum MUU drawdown since its inception was -75.07%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for MUU and IAUM.

Drawdown Indicators

	MUU	IAUM	Difference
Max Drawdown Largest peak-to-trough decline	-75.07%	-20.87%	-54.20%
Max Drawdown (1Y) Largest decline over 1 year	-52.72%	-19.15%	-33.57%
Current Drawdown Current decline from peak	-48.14%	-13.18%	-34.96%
Average Drawdown Average peak-to-trough decline	-25.05%	-4.98%	-20.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.55%	5.18%	+13.37%

Volatility

MUU vs. IAUM - Volatility Comparison

Direxion Daily MU Bull 2X Shares (MUU) has a higher volatility of 46.74% compared to iShares Gold Trust Micro (IAUM) at 10.97%. This indicates that MUU's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUU	IAUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.74%	10.97%	+35.77%
Volatility (6M) Calculated over the trailing 6-month period	98.12%	23.96%	+74.16%
Volatility (1Y) Calculated over the trailing 1-year period	129.66%	27.51%	+102.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.08%	17.78%	+109.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.08%	17.78%	+109.30%