SOXL vs. MUU

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily Semiconductor Bull 3x Shares (SOXL) and Direxion Daily MU Bull 2X Shares (MUU).

SOXL and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.

Performance

SOXL vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3x Shares (SOXL) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

SOXL vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXL Direxion Daily Semiconductor Bull 3x Shares	24.34%	54.91%	-27.60%
MUU Direxion Daily MU Bull 2X Shares	41.27%	599.03%	-43.09%

Returns By Period

In the year-to-date period, SOXL achieves a 24.34% return, which is significantly lower than MUU's 41.27% return.

SOXL

• 1D: 9.08%
• 1M: -16.73%
• YTD: 24.34%
• 6M: 41.78%
• 1Y: 228.78%
• 3Y*: 42.83%
• 5Y*: 4.90%
• 10Y*: 41.10%

MUU

• 1D: 17.77%
• 1M: -25.73%
• YTD: 41.27%
• 6M: 205.92%
• 1Y: 904.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOXL vs. MUU - Expense Ratio Comparison

SOXL has a 0.99% expense ratio, which is lower than MUU's 1.06% expense ratio.

MUU

Direxion Daily MU Bull 2X Shares

SOXL

Direxion Daily Semiconductor Bull 3x Shares

Return for Risk

SOXL vs. MUU — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 90
SOXL Sharpe Ratio Rank: 89
SOXL Sortino Ratio Rank: 88
SOXL Omega Ratio Rank: 86
SOXL Calmar Ratio Rank: 96
SOXL Martin Ratio Rank: 93

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 99
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 99
MUU Martin Ratio Rank: 99

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.

SOXL vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3x Shares (SOXL) 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.

	SOXL	MUU	Difference
Sharpe ratio Return per unit of total volatility	1.93	7.00	-5.07
Sortino ratio Return per unit of downside risk	2.46	3.86	-1.40
Omega ratio Gain probability vs. loss probability	1.35	1.52	-0.16
Calmar ratio Return relative to maximum drawdown	4.64	17.99	-13.35
Martin ratio Return relative to average drawdown	14.09	50.69	-36.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXL vs. MUU - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 1.93, which is lower than the MUU Sharpe Ratio of 7.00. The chart below compares the historical Sharpe Ratios of SOXL and MUU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SOXL	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	7.00	-5.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	1.77	-1.41

Correlation

The correlation between SOXL and MUU is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SOXL vs. MUU - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.15%, less than MUU's 3.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SOXL Direxion Daily Semiconductor Bull 3x Shares	0.15%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%
MUU Direxion Daily MU Bull 2X Shares	3.42%	4.27%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SOXL vs. MUU - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for SOXL and MUU.

Drawdown Indicators

	SOXL	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-90.46%	-75.07%	-15.39%
Max Drawdown (1Y) Largest decline over 1 year	-49.26%	-52.72%	+3.46%
Max Drawdown (5Y) Largest decline over 5 years	-90.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.46%	—	—
Current Drawdown Current decline from peak	-27.28%	-38.92%	+11.64%
Average Drawdown Average peak-to-trough decline	-35.34%	-25.08%	-10.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.23%	18.71%	-2.48%

Volatility

SOXL vs. MUU - Volatility Comparison

The current volatility for Direxion Daily Semiconductor Bull 3x Shares (SOXL) is 38.35%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 47.51%. This indicates that SOXL experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXL	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.35%	47.51%	-9.16%
Volatility (6M) Calculated over the trailing 6-month period	79.93%	99.28%	-19.35%
Volatility (1Y) Calculated over the trailing 1-year period	119.50%	130.64%	-11.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.40%	127.68%	-22.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.72%	127.68%	-29.96%