SOUX vs. MUU
SOUX (Defiance Daily Target 2X Long SOUN ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. At a 0.24 correlation, their price movements are largely independent. SOUX charges 1.29%/yr vs 1.06%/yr for MUU.
Performance
SOUX vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, SOUX achieves a -56.02% return, which is significantly lower than MUU's 961.23% return.
SOUX
- 1D
- -17.03%
- 1M
- -32.26%
- YTD
- -56.02%
- 6M
- -70.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUU
- 1D
- 3.08%
- 1M
- 218.90%
- YTD
- 961.23%
- 6M
- 1,422.01%
- 1Y
- 6,522.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOUX vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOUX Defiance Daily Target 2X Long SOUN ETF | -56.02% | -40.03% |
MUU Direxion Daily MU Bull 2X Shares | 961.23% | 302.98% |
Correlation
The correlation between SOUX and MUU is 0.24, 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 25, 2025 | 0.24 |
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Return for Risk
SOUX vs. MUU — Risk / Return Rank
SOUX
MUU
SOUX vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SOUN ETF (SOUX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SOUX | MUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 50.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 6.68 | -7.15 |
Drawdowns
SOUX vs. MUU - Drawdown Comparison
The maximum SOUX drawdown since its inception was -95.03%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for SOUX and MUU.
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Drawdown Indicators
| SOUX | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.03% | -75.07% | -19.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.72% | — |
Current DrawdownCurrent decline from peak | -92.24% | 0.00% | -92.24% |
Average DrawdownAverage peak-to-trough decline | -59.54% | -23.44% | -36.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.51% | — |
Volatility
SOUX vs. MUU - Volatility Comparison
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Volatility by Period
| SOUX | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 54.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 105.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 163.45% | 131.77% | +31.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 163.45% | 133.67% | +29.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 163.45% | 133.67% | +29.78% |
SOUX vs. MUU - Expense Ratio Comparison
SOUX has a 1.29% expense ratio, which is higher than MUU's 1.06% expense ratio.
Dividends
SOUX vs. MUU - Dividend Comparison
SOUX's dividend yield for the trailing twelve months is around 46.14%, more than MUU's 0.46% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 0.46% | 4.27% | 0.31% |
SOUX Defiance Daily Target 2X Long SOUN ETF | 46.14% | 20.29% | 0.00% |
Frequently Asked Questions
SOUX and MUU have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MUU is cheaper at 1.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MUU is cheaper with a 1.06% expense ratio, compared with 1.29% for SOUX.
SOUX has the higher dividend yield at 46.14%, compared with 0.46% for MUU.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.29% for SOUX and 1.06% for MUU.
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