RXD vs. MUU

Last updated Jun 26, 2026

RXD (ProShares UltraShort Health Care) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds - RXD tracks the DJ Global United States (All) / Health Care -IND (-200%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. At a correlation of -0.07, they often move in opposite directions. RXD charges 0.95%/yr vs 1.01%/yr for MUU.

Performance

RXD vs. MUU - Performance Comparison

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

Returns By Period

RXD

• 1D: -3.08%
• 1M: -9.66%
• YTD: -1.40%
• 6M: 0.04%
• 1Y: -25.85%
• 3Y*: -8.16%
• 5Y*: -7.55%
• 10Y*: -20.50%

MUU

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

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

RXD vs. MUU - Yearly Performance Comparison

	2026 (YTD)
RXD ProShares UltraShort Health Care	-4.46%
MUU Direxion Daily MU Bull 2X Shares	14.65%

Correlation

The correlation between RXD and MUU is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	-0.07

Return for Risk

RXD vs. MUU — Risk / Return Rank

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

RXD

RXD Risk / Return Rank: 3
RXD Sharpe Ratio Rank: 3
RXD Sortino Ratio Rank: 3
RXD Omega Ratio Rank: 3
RXD Calmar Ratio Rank: 3
RXD Martin Ratio Rank: 4

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.

RXD vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.

	RXD	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.86	—	—
Sortino ratio: Return per unit of downside risk	-1.07	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.75	—	—
Martin ratio: Return relative to average drawdown	-1.12	—	—

Drawdowns

RXD vs. MUU - Drawdown Comparison

The maximum RXD drawdown since its inception was -99.65%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for RXD and MUU.

Drawdown Indicators

	RXD	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-99.65%	-26.63%	-73.02%
Max Drawdown (1Y) Largest decline over 1 year	-34.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.64%	—	—
Current Drawdown Current decline from peak	-99.63%	-3.84%	-95.79%
Average Drawdown Average peak-to-trough decline	-81.91%	-11.62%	-70.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.10%	—	—

Volatility

Volatility by Period

	RXD	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.33%	307.99%	-277.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.91%	307.99%	-278.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.01%	307.99%	-274.98%

RXD vs. MUU - Expense Ratio Comparison

RXD has a 0.95% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

RXD vs. MUU - Dividend Comparison

RXD's dividend yield for the trailing twelve months is around 3.01%, more than MUU's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MUU Direxion Daily MU Bull 2X Shares	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RXD ProShares UltraShort Health Care	3.01%	3.29%	4.36%	3.17%	0.67%	0.00%	0.17%	1.73%	0.22%

Frequently Asked Questions

Can I hold both RXD and MUU in my portfolio?

RXD and MUU have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RXD or MUU?

On fees, RXD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RXD or MUU?

RXD is cheaper with a 0.95% expense ratio, compared with 1.01% for MUU.

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

RXD has the higher dividend yield at 3.01%, compared with 0.17% for MUU.

What is the main difference between RXD and MUU?

RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for RXD and 1.01% for MUU.