MUU vs. UTSL
Compare and contrast key facts about Direxion Daily MU Bull 2X Shares (MUU) and Direxion Daily Utilities Bull 3X Shares (UTSL).
MUU and UTSL 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. UTSL is a passively managed fund by Direxion that tracks the performance of the Utilities Select Sector Index (300%). It was launched on May 3, 2017.
Performance
MUU vs. UTSL - Performance Comparison
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MUU vs. UTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 19.95% | 599.03% | -43.09% |
UTSL Direxion Daily Utilities Bull 3X Shares | 20.69% | 29.03% | -12.34% |
Returns By Period
The year-to-date returns for both investments are quite close, with MUU having a 19.95% return and UTSL slightly higher at 20.69%.
MUU
- 1D
- 9.69%
- 1M
- -37.04%
- YTD
- 19.95%
- 6M
- 205.62%
- 1Y
- 790.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTSL
- 1D
- -0.75%
- 1M
- -11.14%
- YTD
- 20.69%
- 6M
- 11.50%
- 1Y
- 42.18%
- 3Y*
- 21.90%
- 5Y*
- 13.39%
- 10Y*
- —
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MUU vs. UTSL - Expense Ratio Comparison
MUU has a 1.06% expense ratio, which is higher than UTSL's 0.99% expense ratio.
Return for Risk
MUU vs. UTSL — Risk / Return Rank
MUU
UTSL
MUU vs. UTSL - 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 Utilities Bull 3X Shares (UTSL). 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 | UTSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.16 | 0.90 | +5.26 |
Sortino ratioReturn per unit of downside risk | 3.70 | 1.37 | +2.33 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.18 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 14.42 | 1.67 | +12.75 |
Martin ratioReturn relative to average drawdown | 40.98 | 3.80 | +37.18 |
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 | UTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.16 | 0.90 | +5.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.17 | +1.34 |
Correlation
The correlation between MUU and UTSL is 0.14, 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. UTSL - Dividend Comparison
MUU's dividend yield for the trailing twelve months is around 4.03%, more than UTSL's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UTSL Direxion Daily Utilities Bull 3X Shares | 1.51% | 1.69% | 1.61% | 3.61% | 1.15% | 1.19% | 1.40% | 5.01% | 1.46% | 0.57% |
Drawdowns
MUU vs. UTSL - Drawdown Comparison
The maximum MUU drawdown since its inception was -75.07%, smaller than the maximum UTSL drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for MUU and UTSL.
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Drawdown Indicators
| MUU | UTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.07% | -79.55% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -52.72% | -27.94% | -24.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.01% | — |
Current DrawdownCurrent decline from peak | -48.14% | -11.14% | -37.00% |
Average DrawdownAverage peak-to-trough decline | -25.05% | -33.61% | +8.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.55% | 12.30% | +6.25% |
Volatility
MUU vs. UTSL - Volatility Comparison
Direxion Daily MU Bull 2X Shares (MUU) has a higher volatility of 46.74% compared to Direxion Daily Utilities Bull 3X Shares (UTSL) at 15.69%. This indicates that MUU's price experiences larger fluctuations and is considered to be riskier than UTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUU | UTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 46.74% | 15.69% | +31.05% |
Volatility (6M)Calculated over the trailing 6-month period | 98.12% | 31.12% | +67.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.66% | 47.20% | +82.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.08% | 51.60% | +75.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.08% | 59.39% | +67.69% |