SILJ vs. MUU

Last updated Jun 24, 2026

SILJ (Amplify Junior Silver Miners ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. At a 0.30 correlation, their price movements are largely independent. SILJ charges 0.69%/yr vs 1.01%/yr for MUU.

Performance

SILJ vs. MUU - Performance Comparison

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

Returns By Period

SILJ

• 1D: -5.76%
• 1M: -9.71%
• YTD: -5.93%
• 6M: -10.68%
• 1Y: 80.90%
• 3Y*: 45.63%
• 5Y*: 13.14%
• 10Y*: 8.20%

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SILJ vs. MUU - Yearly Performance Comparison

	2026 (YTD)
SILJ Amplify Junior Silver Miners ETF	-10.58%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between SILJ and MUU is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.30

Return for Risk

SILJ vs. MUU — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 39
SILJ Sharpe Ratio Rank: 41
SILJ Sortino Ratio Rank: 37
SILJ Omega Ratio Rank: 40
SILJ Calmar Ratio Rank: 43
SILJ Martin Ratio Rank: 35

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.

SILJ vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) 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.

	SILJ	MUU	Difference
Sharpe ratio: Return per unit of total volatility	1.42	—	—
Sortino ratio: Return per unit of downside risk	1.86	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.08	—	—
Martin ratio: Return relative to average drawdown	5.12	—	—

Drawdowns

SILJ vs. MUU - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for SILJ and MUU.

Drawdown Indicators

	SILJ	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-26.28%	-52.76%
Max Drawdown (1Y) Largest decline over 1 year	-39.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-39.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	—	—
Current Drawdown Current decline from peak	-35.41%	-26.28%	-9.13%
Average Drawdown Average peak-to-trough decline	-41.39%	-10.19%	-31.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.86%	—	—

Volatility

Volatility by Period

	SILJ	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	48.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.43%	295.32%	-237.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.93%	295.32%	-250.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.51%	295.32%	-248.81%

SILJ vs. MUU - Expense Ratio Comparison

SILJ has a 0.69% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

SILJ vs. MUU - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 2.13%, while MUU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SILJ Amplify Junior Silver Miners ETF	2.13%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%

Frequently Asked Questions

Can I hold both SILJ and MUU in my portfolio?

SILJ and MUU have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SILJ or MUU?

On fees, SILJ is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SILJ or MUU?

SILJ is cheaper with a 0.69% expense ratio, compared with 1.01% for MUU.

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

SILJ has the higher dividend yield at 2.13%, compared with 0.00% for MUU.

What is the main difference between SILJ and MUU?

SILJ is categorized as Silver, while MUU is Leveraged Equities. SILJ tracks Nasdaq Junior Silver Miners Index, while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: Amplify and Direxion. Their fees differ too: 0.69% for SILJ and 1.01% for MUU.