MVPL vs. MUU
MVPL (Miller Value Partners Leverage ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. MVPL is actively managed, while MUU is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. MVPL charges 1.72%/yr vs 1.01%/yr for MUU.
Performance
MVPL vs. MUU - Performance Comparison
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Returns By Period
MVPL
- 1D
- -0.61%
- 1M
- -3.73%
- YTD
- 12.47%
- 6M
- 9.80%
- 1Y
- 34.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUU
- 1D
- -0.64%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVPL vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MVPL Miller Value Partners Leverage ETF | -5.32% |
MUU Direxion Daily MU Bull 2X Shares | -12.53% |
Correlation
The correlation between MVPL and MUU is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026 | 0.54 |
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Return for Risk
MVPL vs. MUU — Risk / Return Rank
MVPL
MUU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MVPL vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Miller Value Partners Leverage ETF (MVPL) and Direxion Daily MU Bull 2X Shares (MUU). 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.
| MVPL | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | — | — |
| Martin ratioReturn relative to average drawdown | 8.67 | — | — |
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Drawdowns
MVPL vs. MUU - Drawdown Comparison
The maximum MVPL drawdown since its inception was -25.68%, roughly equal to the maximum MUU drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for MVPL and MUU.
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Drawdown Indicators
| MVPL | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.68% | -26.63% | +0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | — | — |
Current DrawdownCurrent decline from peak | -7.05% | -26.63% | +19.58% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -12.91% | +8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | — | — |
Volatility
MVPL vs. MUU - Volatility Comparison
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Volatility by Period
| MVPL | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.28% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.56% | 263.57% | -241.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.39% | 263.57% | -238.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 263.57% | -238.18% |
MVPL vs. MUU - Expense Ratio Comparison
MVPL has a 1.72% expense ratio, which is higher than MUU's 1.01% expense ratio.
Dividends
MVPL vs. MUU - Dividend Comparison
MVPL's dividend yield for the trailing twelve months is around 0.97%, more than MUU's 0.23% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 0.23% | 0.00% | 0.00% |
MVPL Miller Value Partners Leverage ETF | 0.97% | 1.10% | 7.07% |
Frequently Asked Questions
MVPL and MUU have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 1.72% for MVPL.
MVPL has the higher dividend yield at 0.97%, compared with 0.23% for MUU.
They also come from different issuers: Miller and Direxion. Their fees differ too: 1.72% for MVPL and 1.01% for MUU.
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