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PHYS vs. MUU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

PHYS vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Gold Trust (PHYS) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PHYS achieves a -8.66% return, which is significantly lower than MUU's 575.80% return.


PHYS

1D
-2.68%
1M
-5.01%
6M
-13.85%
YTD
-8.66%
1Y
17.35%
3Y*
25.63%
5Y*
15.87%
10Y*
10.58%

MUU

1D
-9.01%
1M
-18.36%
6M
372.65%
YTD
575.80%
1Y
2,796.55%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

PHYS vs. MUU - Yearly Performance Comparison


2026 (YTD)20252024
PHYS
Sprott Physical Gold Trust
-8.66%63.95%-0.69%
MUU
Direxion Daily MU Bull 2X Shares
575.80%599.03%-40.91%

Correlation

The correlation between PHYS and MUU is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Oct 10, 2024

0.13

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Return for Risk

PHYS vs. MUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PHYS
PHYS Risk / Return Rank: 6161
Overall Rank
PHYS Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
PHYS Sortino Ratio Rank: 5858
Sortino Ratio Rank
PHYS Omega Ratio Rank: 6060
Omega Ratio Rank
PHYS Calmar Ratio Rank: 6161
Calmar Ratio Rank
PHYS Martin Ratio Rank: 6262
Martin Ratio Rank

MUU
MUU Risk / Return Rank: 9999
Overall Rank
MUU Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
MUU Sortino Ratio Rank: 9797
Sortino Ratio Rank
MUU Omega Ratio Rank: 9696
Omega Ratio Rank
MUU Calmar Ratio Rank: 100100
Calmar Ratio Rank
MUU Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PHYS vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold Trust (PHYS) 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.


PHYSMUUDifference
Sharpe ratioReturn per unit of total volatility

-23.35

Sortino ratioReturn per unit of downside risk

-4.69

Omega ratioGain probability vs. loss probability

1.14

1.69

-0.56

Calmar ratioReturn relative to maximum drawdown

0.65

66.09

-65.44

Martin ratioReturn relative to average drawdown

1.60

221.31

-219.71

PHYS vs. MUU - Sharpe Ratio Comparison

The current PHYS Sharpe Ratio is 0.61, which is lower than the MUU Sharpe Ratio of 23.95. The chart below compares the historical Sharpe Ratios of PHYS and MUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

PHYS vs. MUU - Drawdown Comparison

The maximum PHYS drawdown since its inception was -48.16%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for PHYS and MUU.


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Drawdown Indicators


PHYSMUUDifference

Max Drawdown

Largest peak-to-trough decline

-48.16%

-75.07%

+26.91%

Max Drawdown (1Y)

Largest decline over 1 year

-26.75%

-52.72%

+25.97%

Max Drawdown (3Y)

Largest decline over 3 years

-26.75%

Max Drawdown (5Y)

Largest decline over 5 years

-26.75%

Max Drawdown (10Y)

Largest decline over 10 years

-26.75%

Current Drawdown

Current decline from peak

-26.31%

-36.32%

+10.01%

Average Drawdown

Average peak-to-trough decline

-21.01%

-23.43%

+2.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.84%

16.57%

-5.73%

Volatility

PHYS vs. MUU - Volatility Comparison

The current volatility for Sprott Physical Gold Trust (PHYS) is 7.71%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.81%. This indicates that PHYS experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


PHYSMUUDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.71%

67.81%

-60.10%

Volatility (6M)

Calculated over the trailing 6-month period

24.85%

116.35%

-91.50%

Volatility (1Y)

Calculated over the trailing 1-year period

28.76%

145.78%

-117.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.72%

138.10%

-119.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.41%

138.10%

-121.69%

Dividends

PHYS vs. MUU - Dividend Comparison

PHYS has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.70%.


PositionTTM20252024
MUU
Direxion Daily MU Bull 2X Shares
0.70%4.27%0.31%
PHYS
Sprott Physical Gold Trust
0.00%0.00%0.00%

Frequently Asked Questions


PHYS and MUU have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MUU has higher volatility (67.81%) compared to PHYS (7.71%). In terms of maximum drawdown, PHYS dropped -48.16% vs MUU's -75.07%.

MUU currently has the higher Sharpe Ratio (23.95 vs 0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for PHYS and MUU

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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