PYPU vs. MUU

Last updated Jun 30, 2026

PYPU (Direxion Daily PYPL Bull 2X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion. PYPU is actively managed, while MUU is passively managed. At a correlation of -0.27, they often move in opposite directions.

Performance

PYPU vs. MUU - Performance Comparison

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

Returns By Period

PYPU

• 1D: 0.03%
• 1M: -3.07%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 2.78%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PYPU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
PYPU Direxion Daily PYPL Bull 2X Shares	8.10%
MUU Direxion Daily MU Bull 2X Shares	1.66%

Correlation

The correlation between PYPU and MUU is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	-0.27

Return for Risk

PYPU vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PYPL Bull 2X Shares (PYPU) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

PYPU vs. MUU - Drawdown Comparison

The maximum PYPU drawdown since its inception was -38.65%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for PYPU and MUU.

Drawdown Indicators

	PYPU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-38.65%	-26.63%	-12.02%
Current Drawdown Current decline from peak	-28.71%	-14.74%	-13.97%
Average Drawdown Average peak-to-trough decline	-18.11%	-12.57%	-5.54%

Volatility

Volatility by Period

	PYPU	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	63.57%	281.92%	-218.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.57%	281.92%	-218.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.57%	281.92%	-218.35%

Dividends

PYPU vs. MUU - Dividend Comparison

PYPU's dividend yield for the trailing twelve months is around 0.71%, more than MUU's 0.20% yield.

Position	TTM
MUU Direxion Daily MU Bull 2X Shares	0.20%
PYPU Direxion Daily PYPL Bull 2X Shares	0.71%

Frequently Asked Questions

Can I hold both PYPU and MUU in my portfolio?

PYPU and MUU have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, PYPU or MUU?

PYPU has the higher dividend yield at 0.71%, compared with 0.20% for MUU.