SOFA vs. MUU

Last updated Jun 24, 2026

SOFA (Direxion Daily SOFI Bull 2X ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - SOFA tracks the SoFi Technologies, Inc. (SOFI) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. At a correlation of -0.20, they often move in opposite directions. SOFA charges 0.97%/yr vs 1.01%/yr for MUU.

Performance

SOFA vs. MUU - Performance Comparison

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

Returns By Period

SOFA

• 1D: 2.20%
• 1M: 17.61%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

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

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

SOFA vs. MUU - Yearly Performance Comparison

	2026 (YTD)
SOFA Direxion Daily SOFI Bull 2X ETF	0.85%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between SOFA and MUU is -0.20, 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	-0.20

Return for Risk

SOFA vs. MUU - Risk-Adjusted Trends Comparison

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

SOFA vs. MUU - Drawdown Comparison

The maximum SOFA drawdown since its inception was -51.90%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for SOFA and MUU.

Drawdown Indicators

	SOFA	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-26.28%	-25.62%
Current Drawdown Current decline from peak	-40.78%	-26.28%	-14.50%
Average Drawdown Average peak-to-trough decline	-34.37%	-10.19%	-24.18%

Volatility

Volatility by Period

	SOFA	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	107.43%	295.32%	-187.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.43%	295.32%	-187.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.43%	295.32%	-187.89%

SOFA vs. MUU - Expense Ratio Comparison

SOFA has a 0.97% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

SOFA vs. MUU - Dividend Comparison

SOFA's dividend yield for the trailing twelve months is around 0.73%, while MUU has not paid dividends to shareholders.

Position	TTM
MUU Direxion Daily MU Bull 2X Shares	0.00%
SOFA Direxion Daily SOFI Bull 2X ETF	0.73%

Frequently Asked Questions

Can I hold both SOFA and MUU in my portfolio?

SOFA and MUU have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOFA or MUU?

On fees, SOFA is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOFA or MUU?

SOFA is cheaper with a 0.97% expense ratio, compared with 1.01% for MUU.

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

SOFA has the higher dividend yield at 0.73%, compared with 0.00% for MUU.

What is the main difference between SOFA and MUU?

SOFA tracks SoFi Technologies, Inc. (SOFI), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 0.97% for SOFA and 1.01% for MUU.