MUU vs. TSMX
MUU (Direxion Daily MU Bull 2X Shares) and TSMX (Direxion Daily TSM Bull 2X Shares) are both Leveraged Equities funds from Direxion. MUU is passively managed, while TSMX is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. MUU charges 1.01%/yr vs 1.05%/yr for TSMX.
Performance
MUU vs. TSMX - Performance Comparison
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Returns By Period
MUU
- 1D
- -26.28%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMX
- 1D
- -13.50%
- 1M
- 12.92%
- YTD
- 80.35%
- 6M
- 88.28%
- 1Y
- 240.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUU vs. TSMX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MUU Direxion Daily MU Bull 2X Shares | -12.11% |
TSMX Direxion Daily TSM Bull 2X Shares | -3.52% |
Correlation
The correlation between MUU and TSMX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026 | 0.90 |
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Return for Risk
MUU vs. TSMX — Risk / Return Rank
MUU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSMX
MUU vs. TSMX - 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 TSM Bull 2X Shares (TSMX). 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 | TSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.92 | — |
| Martin ratioReturn relative to average drawdown | — | 22.13 | — |
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Drawdowns
MUU vs. TSMX - Drawdown Comparison
The maximum MUU drawdown since its inception was -26.28%, smaller than the maximum TSMX drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for MUU and TSMX.
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Drawdown Indicators
| MUU | TSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.28% | -63.80% | +37.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -34.93% | — |
Current DrawdownCurrent decline from peak | -26.28% | -13.50% | -12.78% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -15.59% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.90% | — |
Volatility
MUU vs. TSMX - Volatility Comparison
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Volatility by Period
| MUU | TSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 33.01% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 60.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 295.32% | 76.69% | +218.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 295.32% | 82.69% | +212.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 295.32% | 82.69% | +212.63% |
MUU vs. TSMX - Expense Ratio Comparison
MUU has a 1.01% expense ratio, which is lower than TSMX's 1.05% expense ratio.
Dividends
MUU vs. TSMX - Dividend Comparison
MUU has not paid dividends to shareholders, while TSMX's dividend yield for the trailing twelve months is around 4.58%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 0.00% | 0.00% | 0.00% |
TSMX Direxion Daily TSM Bull 2X Shares | 4.58% | 8.01% | 0.53% |
Frequently Asked Questions
With a correlation of 0.90, MUU and TSMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
MUU is cheaper with a 1.01% expense ratio, compared with 1.05% for TSMX.
TSMX has the higher dividend yield at 4.58%, compared with 0.00% for MUU.
Their fees differ too: 1.01% for MUU and 1.05% for TSMX.
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