QQQU vs. MUU

Last updated Jun 26, 2026

QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - QQQU tracks the Indxx Magnificent 7 Index (200%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. At a correlation of -0.21, they often move in opposite directions. QQQU charges 0.98%/yr vs 1.01%/yr for MUU.

Performance

QQQU vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQQU

• 1D: -4.93%
• 1M: -23.60%
• YTD: -17.64%
• 6M: -20.69%
• 1Y: 20.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 31.07%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	-16.11%
MUU Direxion Daily MU Bull 2X Shares	14.65%

Correlation

The correlation between QQQU and MUU is -0.21, 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	-0.21

Return for Risk

QQQU vs. MUU — Risk / Return Rank

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

QQQU

QQQU Risk / Return Rank: 17
QQQU Sharpe Ratio Rank: 17
QQQU Sortino Ratio Rank: 18
QQQU Omega Ratio Rank: 18
QQQU Calmar Ratio Rank: 16
QQQU Martin Ratio Rank: 17

MUU

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

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.

QQQU vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) 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.

	QQQU	MUU	Difference
Sharpe ratio: Return per unit of total volatility	0.48	—	—
Sortino ratio: Return per unit of downside risk	0.91	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.55	—	—
Martin ratio: Return relative to average drawdown	1.63	—	—

Drawdowns

QQQU vs. MUU - Drawdown Comparison

The maximum QQQU drawdown since its inception was -53.70%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for QQQU and MUU.

Drawdown Indicators

	QQQU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-53.70%	-26.63%	-27.07%
Max Drawdown (1Y) Largest decline over 1 year	-36.29%	—	—
Current Drawdown Current decline from peak	-26.44%	-3.84%	-22.60%
Average Drawdown Average peak-to-trough decline	-13.39%	-11.62%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.32%	—	—

Volatility

Volatility by Period

	QQQU	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.47%	307.99%	-266.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.24%	307.99%	-254.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.24%	307.99%	-254.75%

QQQU vs. MUU - Expense Ratio Comparison

QQQU has a 0.98% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

QQQU vs. MUU - Dividend Comparison

QQQU's dividend yield for the trailing twelve months is around 11.59%, more than MUU's 0.17% yield.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	0.17%	0.00%	0.00%
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	11.59%	9.62%	2.75%

Frequently Asked Questions

Can I hold both QQQU and MUU in my portfolio?

QQQU and MUU have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQU or MUU?

On fees, QQQU is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQU or MUU?

QQQU is cheaper with a 0.98% expense ratio, compared with 1.01% for MUU.

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

QQQU has the higher dividend yield at 11.59%, compared with 0.17% for MUU.

What is the main difference between QQQU and MUU?

QQQU tracks Indxx Magnificent 7 Index (200%), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 0.98% for QQQU and 1.01% for MUU.