QCMU vs. MUU

Last updated Aug 4, 2026

QCMU (Direxion Daily QCOM Bull 2X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - QCMU tracks the QUALCOMM Incorporated (QCOM) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, QCMU returned -25.28% vs 2844.73% for MUU. Their 0.38 correlation means their historical movements had little consistent relationship. QCMU charges 1.07%/yr vs 1.01%/yr for MUU.

Performance

QCMU vs. MUU - Performance Comparison

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

Returns By Period

In the year-to-date period, QCMU achieves a -39.79% return, which is significantly lower than MUU's 378.90% return.

QCMU

• 1D: 5.57%
• 1M: -27.89%
• 6M: -22.73%
• YTD: -39.79%
• 1Y: -25.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -30.42%

MUU

• 1D: 1.35%
• 1M: -35.62%
• 6M: 114.51%
• YTD: 378.90%
• 1Y: 2,844.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 419.02%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MUU Direxion Daily MU Bull 2X Shares	$1.54B	$1.50B	$2.29B
QCMU Direxion Daily QCOM Bull 2X Shares	$2.74M	$2.81M	$12.04M

QCMU vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025
QCMU Direxion Daily QCOM Bull 2X Shares	-39.79%	11.21%
MUU Direxion Daily MU Bull 2X Shares	378.90%	302.98%

Correlation

The correlation between QCMU and MUU is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.38

Return for Risk

QCMU vs. MUU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QCMU

QCMU Risk / Return Rank: 9
QCMU Sharpe Ratio Rank: 7
QCMU Sortino Ratio Rank: 13
QCMU Omega Ratio Rank: 14
QCMU Calmar Ratio Rank: 6
QCMU Martin Ratio Rank: 6

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 99
MUU Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QCMU vs. MUU - Risk-Adjusted Trends Comparison

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

	QCMU	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	17.89	-18.14
Sortino ratio: Return per unit of downside risk	0.36	4.98	-4.62
Omega ratio: Gain probability vs. loss probability	1.05	1.63	-0.58
Calmar ratio: Return relative to maximum drawdown	-0.37	42.38	-42.75
Martin ratio: Return relative to average drawdown	-0.74	138.45	-139.20

QCMU vs. MUU - Sharpe Ratio Comparison

The current QCMU Sharpe Ratio is -0.24, which is lower than the MUU Sharpe Ratio of 17.89. The chart below compares the historical Sharpe Ratios of QCMU 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.

Drawdowns

QCMU vs. MUU - Drawdown Comparison

The maximum QCMU drawdown since its inception was -68.70%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for QCMU and MUU.

Drawdown Indicators

	QCMU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-68.70%	-75.07%	+6.37%
Max Drawdown (1Y) Largest decline over 1 year	-68.70%	-68.07%	-0.63%
Current Drawdown Current decline from peak	-66.95%	-60.98%	-5.97%
Average Drawdown Average peak-to-trough decline	-26.04%	-24.42%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.13%	20.79%	+13.34%

Volatility

QCMU vs. MUU - Volatility Comparison

The current volatility for Direxion Daily QCOM Bull 2X Shares (QCMU) is 26.41%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 61.31%. This indicates that QCMU 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.

Volatility by Period

	QCMU	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.41%	61.31%	-34.90%
Volatility (6M) Calculated over the trailing 6-month period	93.60%	133.76%	-40.16%
Volatility (1Y) Calculated over the trailing 1-year period	105.34%	161.53%	-56.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.86%	146.55%	-44.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.86%	146.55%	-44.69%

QCMU vs. MUU - Expense Ratio Comparison

QCMU has a 1.07% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

QCMU vs. MUU - Dividend Comparison

QCMU's dividend yield for the trailing twelve months is around 4.15%, more than MUU's 1.42% yield.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	1.42%	4.27%	0.31%
QCMU Direxion Daily QCOM Bull 2X Shares	4.15%	1.57%	0.00%

Frequently Asked Questions

Can I hold both QCMU and MUU in my portfolio?

QCMU and MUU have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCMU or MUU?

MUU has higher volatility (61.31%) compared to QCMU (26.41%). In terms of maximum drawdown, QCMU dropped -68.70% vs MUU's -75.07%.

Which ETF is better, QCMU or MUU?

On 1-year performance, MUU leads with 2844.73% vs -25.28% for QCMU. On fees, MUU is cheaper at 1.01% per year. On volatility, QCMU has been the lower-risk option at 26.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCMU or MUU?

Over the 1-year period, MUU has performed better with a 2844.73% return vs -25.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QCMU or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.07% for QCMU.

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

QCMU has the higher dividend yield at 4.15%, compared with 1.42% for MUU.

What is the main difference between QCMU and MUU?

QCMU tracks QUALCOMM Incorporated (QCOM), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.07% for QCMU and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (17.89 vs -0.24), 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.