MUU vs. QLD
Compare and contrast key facts about Direxion Daily MU Bull 2X Shares (MUU) and ProShares Ultra QQQ (QLD).
MUU and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Performance
MUU vs. QLD - Performance Comparison
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MUU vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 19.95% | 599.03% | -43.09% |
QLD ProShares Ultra QQQ | -13.35% | 30.36% | 5.79% |
Returns By Period
In the year-to-date period, MUU achieves a 19.95% return, which is significantly higher than QLD's -13.35% return.
MUU
- 1D
- 9.69%
- 1M
- -37.04%
- YTD
- 19.95%
- 6M
- 205.62%
- 1Y
- 790.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QLD
- 1D
- 6.72%
- 1M
- -10.26%
- YTD
- -13.35%
- 6M
- -11.03%
- 1Y
- 37.53%
- 3Y*
- 35.41%
- 5Y*
- 15.27%
- 10Y*
- 29.40%
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MUU vs. QLD - Expense Ratio Comparison
MUU has a 1.06% expense ratio, which is higher than QLD's 0.95% expense ratio.
Return for Risk
MUU vs. QLD — Risk / Return Rank
MUU
QLD
MUU vs. QLD - 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 QQQ (QLD). 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 | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.16 | 0.84 | +5.32 |
Sortino ratioReturn per unit of downside risk | 3.70 | 1.43 | +2.26 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.20 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 14.42 | 1.49 | +12.93 |
Martin ratioReturn relative to average drawdown | 40.98 | 4.88 | +36.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MUU | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.16 | 0.84 | +5.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.53 | +0.99 |
Correlation
The correlation between MUU and QLD is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MUU vs. QLD - Dividend Comparison
MUU's dividend yield for the trailing twelve months is around 4.03%, more than QLD's 0.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 4.03% | 4.27% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Drawdowns
MUU vs. QLD - Drawdown Comparison
The maximum MUU drawdown since its inception was -75.07%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for MUU and QLD.
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Drawdown Indicators
| MUU | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.07% | -83.13% | +8.06% |
Max Drawdown (1Y)Largest decline over 1 year | -52.72% | -25.13% | -27.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.68% | — |
Current DrawdownCurrent decline from peak | -48.14% | -20.10% | -28.04% |
Average DrawdownAverage peak-to-trough decline | -25.05% | -18.30% | -6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.55% | 7.67% | +10.88% |
Volatility
MUU vs. QLD - Volatility Comparison
Direxion Daily MU Bull 2X Shares (MUU) has a higher volatility of 46.74% compared to ProShares Ultra QQQ (QLD) at 12.96%. This indicates that MUU's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUU | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 46.74% | 12.96% | +33.78% |
Volatility (6M)Calculated over the trailing 6-month period | 98.12% | 25.55% | +72.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.66% | 44.91% | +84.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.08% | 44.77% | +82.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.08% | 44.47% | +82.61% |