RXL vs. MUU
Compare and contrast key facts about ProShares Ultra Health Care (RXL) and Direxion Daily MU Bull 2X Shares (MUU).
RXL and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.
Performance
RXL vs. MUU - Performance Comparison
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RXL vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RXL ProShares Ultra Health Care | -9.67% | 19.76% | -19.73% |
MUU Direxion Daily MU Bull 2X Shares | 41.27% | 599.03% | -43.09% |
Returns By Period
In the year-to-date period, RXL achieves a -9.67% return, which is significantly lower than MUU's 41.27% return.
RXL
- 1D
- 1.75%
- 1M
- -12.90%
- YTD
- -9.67%
- 6M
- 4.12%
- 1Y
- 0.69%
- 3Y*
- 4.08%
- 5Y*
- 4.05%
- 10Y*
- 12.77%
MUU
- 1D
- 17.77%
- 1M
- -25.73%
- YTD
- 41.27%
- 6M
- 205.92%
- 1Y
- 904.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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RXL vs. MUU - Expense Ratio Comparison
RXL has a 0.95% expense ratio, which is lower than MUU's 1.06% expense ratio.
Return for Risk
RXL vs. MUU — Risk / Return Rank
RXL
MUU
RXL vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) 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.
| RXL | MUU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.02 | 7.00 | -6.98 |
Sortino ratioReturn per unit of downside risk | 0.28 | 3.86 | -3.59 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.52 | -0.48 |
Calmar ratioReturn relative to maximum drawdown | -0.10 | 17.99 | -18.09 |
Martin ratioReturn relative to average drawdown | -0.19 | 50.69 | -50.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RXL | MUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 7.00 | -6.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.77 | -1.37 |
Correlation
The correlation between RXL and MUU is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RXL vs. MUU - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.61%, less than MUU's 3.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.61% | 1.43% | 1.22% | 0.18% | 0.32% | 0.10% | 0.15% | 0.27% | 0.32% | 0.11% | 0.12% | 0.93% |
MUU Direxion Daily MU Bull 2X Shares | 3.42% | 4.27% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RXL vs. MUU - Drawdown Comparison
The maximum RXL drawdown since its inception was -67.70%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for RXL and MUU.
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Drawdown Indicators
| RXL | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.70% | -75.07% | +7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -22.73% | -52.72% | +29.99% |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | — | — |
Current DrawdownCurrent decline from peak | -17.90% | -38.92% | +21.02% |
Average DrawdownAverage peak-to-trough decline | -15.82% | -25.08% | +9.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.68% | 18.71% | -7.03% |
Volatility
RXL vs. MUU - Volatility Comparison
The current volatility for ProShares Ultra Health Care (RXL) is 9.47%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 47.51%. This indicates that RXL 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
| RXL | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.47% | 47.51% | -38.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.60% | 99.28% | -78.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.51% | 130.64% | -95.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.34% | 127.68% | -98.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.19% | 127.68% | -94.49% |