SHPU vs. MUU

Last updated Jun 26, 2026

SHPU (Direxion Daily SHOP Bull 2X ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion. SHPU is actively managed, while MUU is passively managed. At a correlation of -0.43, they often move in opposite directions. SHPU charges 1.09%/yr vs 1.01%/yr for MUU.

Performance

SHPU vs. MUU - Performance Comparison

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

Returns By Period

SHPU

• 1D: -4.90%
• 1M: 8.87%
• YTD: -63.07%
• 6M: -66.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

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

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

SHPU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
SHPU Direxion Daily SHOP Bull 2X ETF	-2.51%
MUU Direxion Daily MU Bull 2X Shares	14.65%

Correlation

The correlation between SHPU and MUU is -0.43, 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	-0.43

Return for Risk

SHPU vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SHOP Bull 2X ETF (SHPU) 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.

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

Drawdowns

SHPU vs. MUU - Drawdown Comparison

The maximum SHPU drawdown since its inception was -77.97%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for SHPU and MUU.

Drawdown Indicators

	SHPU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-77.97%	-26.63%	-51.34%
Current Drawdown Current decline from peak	-71.28%	-3.84%	-67.44%
Average Drawdown Average peak-to-trough decline	-38.89%	-11.62%	-27.27%

Volatility

Volatility by Period

	SHPU	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	109.61%	307.99%	-198.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	109.61%	307.99%	-198.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.61%	307.99%	-198.38%

SHPU vs. MUU - Expense Ratio Comparison

SHPU has a 1.09% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

SHPU vs. MUU - Dividend Comparison

SHPU's dividend yield for the trailing twelve months is around 56.18%, more than MUU's 0.17% yield.

Position	TTM	2025
MUU Direxion Daily MU Bull 2X Shares	0.17%	0.00%
SHPU Direxion Daily SHOP Bull 2X ETF	56.18%	20.05%

Frequently Asked Questions

Can I hold both SHPU and MUU in my portfolio?

SHPU and MUU have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SHPU or MUU?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHPU or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.09% for SHPU.

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

SHPU has the higher dividend yield at 56.18%, compared with 0.17% for MUU.

What is the main difference between SHPU and MUU?

Their fees differ too: 1.09% for SHPU and 1.01% for MUU.