SHOC vs. MUU

Last updated Jul 14, 2026

SHOC (Strive U.S. Semiconductor ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - SHOC is a Semiconductors fund tracking the Bloomberg US Listed Semiconductors Select Index, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, SHOC returned 98.76% vs 2796.55% for MUU. A 0.71 correlation means they provide meaningful diversification when combined. SHOC charges 0.40%/yr vs 1.01%/yr for MUU.

Performance

SHOC vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Semiconductor ETF (SHOC) 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, SHOC achieves a 58.16% return, which is significantly lower than MUU's 575.80% return.

SHOC

• 1D: -4.19%
• 1M: -5.59%
• 6M: 46.76%
• YTD: 58.16%
• 1Y: 98.76%
• 3Y*: 45.84%
• 5Y*: —
• 10Y*: —

MUU

• 1D: -9.01%
• 1M: -18.36%
• 6M: 372.65%
• YTD: 575.80%
• 1Y: 2,796.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHOC vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SHOC Strive U.S. Semiconductor ETF	58.16%	49.91%	-5.00%
MUU Direxion Daily MU Bull 2X Shares	575.80%	599.03%	-40.91%

Correlation

The correlation between SHOC and MUU is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.71

The correlation between SHOC and MUU has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.

Return for Risk

SHOC vs. MUU — Risk / Return Rank

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

SHOC

SHOC Risk / Return Rank: 90
SHOC Sharpe Ratio Rank: 93
SHOC Sortino Ratio Rank: 83
SHOC Omega Ratio Rank: 84
SHOC Calmar Ratio Rank: 96
SHOC Martin Ratio Rank: 94

MUU

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

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.

SHOC vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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.

	SHOC	MUU	Difference
Sharpe ratio: Return per unit of total volatility	2.62	23.95	-21.33
Sortino ratio: Return per unit of downside risk	2.92	5.62	-2.69
Omega ratio: Gain probability vs. loss probability	1.40	1.69	-0.30
Calmar ratio: Return relative to maximum drawdown	6.81	66.09	-59.29
Martin ratio: Return relative to average drawdown	21.14	221.31	-200.17

SHOC vs. MUU - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 2.62, which is lower than the MUU Sharpe Ratio of 23.95. The chart below compares the historical Sharpe Ratios of SHOC 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

SHOC vs. MUU - Drawdown Comparison

The maximum SHOC drawdown since its inception was -37.54%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for SHOC and MUU.

Drawdown Indicators

	SHOC	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-75.07%	+37.53%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	-52.72%	+38.13%
Max Drawdown (3Y) Largest decline over 3 years	-37.54%	—	—
Current Drawdown Current decline from peak	-12.95%	-36.32%	+23.37%
Average Drawdown Average peak-to-trough decline	-7.46%	-23.43%	+15.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	16.57%	-11.88%

Volatility

SHOC vs. MUU - Volatility Comparison

The current volatility for Strive U.S. Semiconductor ETF (SHOC) is 19.43%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.81%. This indicates that SHOC 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

	SHOC	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.43%	67.81%	-48.38%
Volatility (6M) Calculated over the trailing 6-month period	31.80%	116.35%	-84.55%
Volatility (1Y) Calculated over the trailing 1-year period	37.94%	145.78%	-107.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.46%	138.10%	-101.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.46%	138.10%	-101.64%

SHOC vs. MUU - Expense Ratio Comparison

SHOC has a 0.40% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

SHOC vs. MUU - Dividend Comparison

SHOC's dividend yield for the trailing twelve months is around 0.13%, less than MUU's 0.70% yield.

Position	TTM	2025	2024	2023	2022
MUU Direxion Daily MU Bull 2X Shares	0.70%	4.27%	0.31%	0.00%	0.00%
SHOC Strive U.S. Semiconductor ETF	0.13%	0.23%	0.35%	0.65%	0.24%

Frequently Asked Questions

Can I hold both SHOC and MUU in my portfolio?

SHOC and MUU have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHOC or MUU?

MUU has higher volatility (67.81%) compared to SHOC (19.43%). In terms of maximum drawdown, SHOC dropped -37.54% vs MUU's -75.07%.

Which ETF is better, SHOC or MUU?

On 1-year performance, MUU leads with 2796.55% vs 98.76% for SHOC. On fees, SHOC is cheaper at 0.40% per year. On volatility, SHOC has been the lower-risk option at 19.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHOC or MUU?

Over the 1-year period, MUU has performed better with a 2796.55% return vs 98.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHOC or MUU?

SHOC is cheaper with a 0.40% expense ratio, compared with 1.01% for MUU.

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

MUU has the higher dividend yield at 0.70%, compared with 0.13% for SHOC.

What is the main difference between SHOC and MUU?

SHOC is categorized as Semiconductors, while MUU is Leveraged Equities. SHOC tracks Bloomberg US Listed Semiconductors Select Index, while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: Strive and Direxion. Their fees differ too: 0.40% for SHOC and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (23.95 vs 2.62), 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.