MUU vs. SPUU
Compare and contrast key facts about Direxion Daily MU Bull 2X Shares (MUU) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
MUU and SPUU 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. SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.
Performance
MUU vs. SPUU - Performance Comparison
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MUU vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 19.95% | 599.03% | -43.09% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | -10.01% | 26.55% | 2.43% |
Returns By Period
In the year-to-date period, MUU achieves a 19.95% return, which is significantly higher than SPUU's -10.01% return.
MUU
- 1D
- 9.69%
- 1M
- -37.04%
- YTD
- 19.95%
- 6M
- 205.62%
- 1Y
- 790.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUU
- 1D
- 5.86%
- 1M
- -10.17%
- YTD
- -10.01%
- 6M
- -6.87%
- 1Y
- 27.13%
- 3Y*
- 28.85%
- 5Y*
- 15.86%
- 10Y*
- 21.67%
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MUU vs. SPUU - Expense Ratio Comparison
MUU has a 1.06% expense ratio, which is higher than SPUU's 0.64% expense ratio.
Return for Risk
MUU vs. SPUU — Risk / Return Rank
MUU
SPUU
MUU vs. SPUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bull 2X Shares (MUU) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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 | SPUU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.16 | 0.75 | +5.41 |
Sortino ratioReturn per unit of downside risk | 3.70 | 1.26 | +2.43 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.19 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 14.42 | 1.24 | +13.18 |
Martin ratioReturn relative to average drawdown | 40.98 | 5.35 | +35.63 |
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 | SPUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.16 | 0.75 | +5.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.56 | +0.96 |
Correlation
The correlation between MUU and SPUU is 0.55, 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. SPUU - Dividend Comparison
MUU's dividend yield for the trailing twelve months is around 4.03%, more than SPUU's 1.78% 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% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 1.78% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Drawdowns
MUU vs. SPUU - Drawdown Comparison
The maximum MUU drawdown since its inception was -75.07%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for MUU and SPUU.
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Drawdown Indicators
| MUU | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.07% | -59.35% | -15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -52.72% | -23.10% | -29.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -48.14% | -13.39% | -34.75% |
Average DrawdownAverage peak-to-trough decline | -25.05% | -9.62% | -15.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.55% | 5.35% | +13.20% |
Volatility
MUU vs. SPUU - Volatility Comparison
Direxion Daily MU Bull 2X Shares (MUU) has a higher volatility of 46.74% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 10.70%. This indicates that MUU's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUU | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 46.74% | 10.70% | +36.04% |
Volatility (6M)Calculated over the trailing 6-month period | 98.12% | 19.17% | +78.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.66% | 36.23% | +93.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.08% | 33.47% | +93.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.08% | 35.73% | +91.35% |