SKHL vs. MUU
SKHL (Direxion Daily SK Hynix Bull 2X ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - SKHL tracks the SK hynix Inc. ADR while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. SKHL charges 0.97%/yr vs 1.01%/yr for MUU.
Performance
SKHL vs. MUU - Performance Comparison
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Returns By Period
SKHL
- 1D
- -11.82%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MUU
- 1D
- -17.95%
- 1M
- -51.86%
- 6M
- 147.79%
- YTD
- 390.08%
- 1Y
- 2,555.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 433.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.37B | $1.73B | $2.23B | |
| $18.07M | $16.88M | $16.88M |
SKHL vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SKHL Direxion Daily SK Hynix Bull 2X ETF | -49.35% |
MUU Direxion Daily MU Bull 2X Shares | -33.89% |
Correlation
The correlation between SKHL and MUU is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2026 | 0.53 |
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Return for Risk
SKHL vs. MUU — Risk / Return Rank
SKHL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUU
SKHL vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SK Hynix Bull 2X ETF (SKHL) 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.
| SKHL | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.61 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 43.12 | — |
| Martin ratioReturn relative to average drawdown | — | 133.51 | — |
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Drawdowns
SKHL vs. MUU - Drawdown Comparison
The maximum SKHL drawdown since its inception was -49.35%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for SKHL and MUU.
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Drawdown Indicators
| SKHL | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.35% | -75.07% | +25.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -60.07% | — |
Current DrawdownCurrent decline from peak | -49.35% | -60.07% | +10.72% |
Average DrawdownAverage peak-to-trough decline | -28.05% | -24.09% | -3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 19.36% | — |
Volatility
SKHL vs. MUU - Volatility Comparison
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Volatility by Period
| SKHL | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 49.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 128.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 235.16% | 155.85% | +79.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 235.16% | 143.44% | +91.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 235.16% | 143.44% | +91.72% |
SKHL vs. MUU - Expense Ratio Comparison
SKHL has a 0.97% expense ratio, which is lower than MUU's 1.01% expense ratio.
Dividends
SKHL vs. MUU - Dividend Comparison
SKHL has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 1.38%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 1.38% | 4.27% | 0.31% |
SKHL Direxion Daily SK Hynix Bull 2X ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SKHL and MUU have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SKHL is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SKHL is cheaper with a 0.97% expense ratio, compared with 1.01% for MUU.
MUU has the higher dividend yield at 1.38%, compared with 0.00% for SKHL.
SKHL tracks SK hynix Inc. ADR, while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 0.97% for SKHL and 1.01% for MUU.
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