TEXU vs. MUU

Last updated Jul 21, 2026

TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion. TEXU is actively managed, while MUU is passively managed. At a correlation of -0.13, they often move in opposite directions.

Performance

TEXU vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEXU achieves a 52.57% return, which is significantly lower than MUU's 465.14% return.

TEXU

• 1D: 1.23%
• 1M: 8.43%
• 6M: 38.81%
• YTD: 52.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MUU

• 1D: 3.93%
• 1M: -47.49%
• 6M: 261.86%
• YTD: 465.14%
• 1Y: 2,789.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 490.43%

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

TEXU vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	52.57%	-1.42%
MUU Direxion Daily MU Bull 2X Shares	465.14%	154.78%

Correlation

The correlation between TEXU and MUU is -0.13, 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 Oct 1, 2025	-0.13

Return for Risk

TEXU vs. MUU — Risk / Return Rank

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

TEXU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 100
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.

TEXU vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) 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.

	TEXU	MUU	Difference
Sharpe ratio: Return per unit of total volatility	—	18.58	—
Sortino ratio: Return per unit of downside risk	—	5.08	—
Omega ratio: Gain probability vs. loss probability	—	1.64	—
Calmar ratio: Return relative to maximum drawdown	—	50.78	—
Martin ratio: Return relative to average drawdown	—	157.91	—

Drawdowns

TEXU vs. MUU - Drawdown Comparison

The maximum TEXU drawdown since its inception was -31.71%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for TEXU and MUU.

Drawdown Indicators

	TEXU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-31.71%	-75.07%	+43.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-55.69%	—
Current Drawdown Current decline from peak	-20.62%	-53.95%	+33.33%
Average Drawdown Average peak-to-trough decline	-8.27%	-23.76%	+15.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.89%	—

Volatility

Volatility by Period

	TEXU	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	61.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	125.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.63%	152.49%	-111.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.63%	142.02%	-101.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.63%	142.02%	-101.39%

Dividends

TEXU vs. MUU - Dividend Comparison

TEXU's dividend yield for the trailing twelve months is around 1.44%, more than MUU's 1.20% yield.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	1.20%	4.27%	0.31%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	1.44%	0.67%	0.00%

Frequently Asked Questions

Can I hold both TEXU and MUU in my portfolio?

TEXU and MUU have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

TEXU has the higher dividend yield at 1.44%, compared with 1.20% for MUU.