SOXS vs. MUU

Last updated Jun 24, 2026

SOXS (Direxion Daily Semiconductor Bear 3x Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%), while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. At a correlation of -1.00, they often move in opposite directions. SOXS charges 1.08%/yr vs 1.01%/yr for MUU.

Performance

SOXS vs. MUU - Performance Comparison

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

Returns By Period

SOXS

• 1D: 22.42%
• 1M: -47.74%
• YTD: -93.50%
• 6M: -93.24%
• 1Y: -97.76%
• 3Y*: -87.41%
• 5Y*: -80.25%
• 10Y*: -79.54%

MUU

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

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

SOXS vs. MUU - Yearly Performance Comparison

	2026 (YTD)
SOXS Direxion Daily Semiconductor Bear 3x Shares	2.28%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between SOXS and MUU is -1.00, 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	-1.00

Return for Risk

SOXS vs. MUU — Risk / Return Rank

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

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 2
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 1

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.

SOXS vs. MUU - Risk-Adjusted Trends Comparison

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

	SOXS	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	—	—
Sortino ratio: Return per unit of downside risk	-3.41	—	—
Omega ratio: Gain probability vs. loss probability	0.63	—	—
Calmar ratio: Return relative to maximum drawdown	-1.00	—	—
Martin ratio: Return relative to average drawdown	-1.51	—	—

Drawdowns

SOXS vs. MUU - Drawdown Comparison

The maximum SOXS drawdown since its inception was -100.00%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for SOXS and MUU.

Drawdown Indicators

	SOXS	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-26.28%	-73.72%
Max Drawdown (1Y) Largest decline over 1 year	-97.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-99.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	—	—
Current Drawdown Current decline from peak	-100.00%	-26.28%	-73.72%
Average Drawdown Average peak-to-trough decline	-92.61%	-10.19%	-82.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.48%	—	—

Volatility

Volatility by Period

	SOXS	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	100.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	117.32%	295.32%	-178.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.39%	295.32%	-183.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.09%	295.32%	-193.23%

SOXS vs. MUU - Expense Ratio Comparison

SOXS has a 1.08% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

SOXS vs. MUU - Dividend Comparison

SOXS's dividend yield for the trailing twelve months is around 83.05%, while MUU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
SOXS Direxion Daily Semiconductor Bear 3x Shares	83.05%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%

Frequently Asked Questions

Can I hold both SOXS and MUU in my portfolio?

SOXS and MUU have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOXS or MUU?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOXS or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.08% for SOXS.

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

SOXS has the higher dividend yield at 83.05%, compared with 0.00% for MUU.

What is the main difference between SOXS and MUU?

SOXS is categorized as Inverse Equities, while MUU is Leveraged Equities. SOXS tracks PHLX Semiconductor Index (-300%), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.08% for SOXS and 1.01% for MUU.