TPOR vs. MUU

Last updated Jul 14, 2026

TPOR (Direxion Daily Transportation Bull 3X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - TPOR tracks the Dow Jones Transportation Average Index (300%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, TPOR returned 52.55% vs 2796.55% for MUU. At a 0.28 correlation, their price movements are largely independent. Both charge a 1.01% expense ratio.

Performance

TPOR vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Transportation Bull 3X Shares (TPOR) 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, TPOR achieves a 46.54% return, which is significantly lower than MUU's 575.80% return.

TPOR

• 1D: -0.50%
• 1M: 4.17%
• 6M: 29.62%
• YTD: 46.54%
• 1Y: 52.55%
• 3Y*: 11.58%
• 5Y*: 3.18%
• 10Y*: —

MUU

• 1D: -9.01%
• 1M: -18.36%
• 6M: 372.65%
• YTD: 575.80%
• 1Y: 2,796.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TPOR vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TPOR Direxion Daily Transportation Bull 3X Shares	46.54%	3.26%	-7.80%
MUU Direxion Daily MU Bull 2X Shares	575.80%	599.03%	-40.91%

Correlation

The correlation between TPOR and MUU is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.28

Return for Risk

TPOR vs. MUU — Risk / Return Rank

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

TPOR

TPOR Risk / Return Rank: 35
TPOR Sharpe Ratio Rank: 30
TPOR Sortino Ratio Rank: 33
TPOR Omega Ratio Rank: 33
TPOR Calmar Ratio Rank: 38
TPOR Martin Ratio Rank: 38

MUU

MUU Risk / Return Rank: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 100
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.

TPOR vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) 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.

	TPOR	MUU	Difference
Sharpe ratio: Return per unit of total volatility	0.89	23.95	-23.07
Sortino ratio: Return per unit of downside risk	1.47	5.62	-4.14
Omega ratio: Gain probability vs. loss probability	1.18	1.69	-0.51
Calmar ratio: Return relative to maximum drawdown	1.55	66.09	-64.54
Martin ratio: Return relative to average drawdown	4.69	221.31	-216.62

TPOR vs. MUU - Sharpe Ratio Comparison

The current TPOR Sharpe Ratio is 0.89, which is lower than the MUU Sharpe Ratio of 23.95. The chart below compares the historical Sharpe Ratios of TPOR and MUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TPOR vs. MUU - Drawdown Comparison

The maximum TPOR drawdown since its inception was -87.59%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for TPOR and MUU.

Drawdown Indicators

	TPOR	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-87.59%	-75.07%	-12.52%
Max Drawdown (1Y) Largest decline over 1 year	-34.00%	-52.72%	+18.72%
Max Drawdown (3Y) Largest decline over 3 years	-64.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-74.08%	—	—
Current Drawdown Current decline from peak	-21.89%	-36.32%	+14.43%
Average Drawdown Average peak-to-trough decline	-38.54%	-23.43%	-15.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.35%	16.57%	-5.22%

Volatility

TPOR vs. MUU - Volatility Comparison

The current volatility for Direxion Daily Transportation Bull 3X Shares (TPOR) is 17.65%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.81%. This indicates that TPOR 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

	TPOR	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.65%	67.81%	-50.16%
Volatility (6M) Calculated over the trailing 6-month period	47.20%	116.35%	-69.15%
Volatility (1Y) Calculated over the trailing 1-year period	59.78%	145.78%	-86.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.88%	138.10%	-70.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.85%	138.10%	-67.25%

TPOR vs. MUU - Expense Ratio Comparison

Both TPOR and MUU have an expense ratio of 1.01%.

Dividends

TPOR vs. MUU - Dividend Comparison

TPOR's dividend yield for the trailing twelve months is around 0.51%, less than MUU's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MUU Direxion Daily MU Bull 2X Shares	0.70%	4.27%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TPOR Direxion Daily Transportation Bull 3X Shares	0.51%	0.91%	1.43%	1.51%	0.00%	0.00%	0.10%	0.96%	1.22%	8.70%

Frequently Asked Questions

Can I hold both TPOR and MUU in my portfolio?

TPOR and MUU have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPOR or MUU?

MUU has higher volatility (67.81%) compared to TPOR (17.65%). In terms of maximum drawdown, TPOR dropped -87.59% vs MUU's -75.07%.

Which ETF is better, TPOR or MUU?

On 1-year performance, MUU leads with 2796.55% vs 52.55% for TPOR. Both ETFs have the same 1.01% expense ratio. On volatility, TPOR has been the lower-risk option at 17.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TPOR or MUU?

Over the 1-year period, MUU has performed better with a 2796.55% return vs 52.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TPOR or MUU?

TPOR and MUU have the same expense ratio: 1.01% per year.

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

MUU has the higher dividend yield at 0.70%, compared with 0.51% for TPOR.

What is the main difference between TPOR and MUU?

TPOR tracks Dow Jones Transportation Average Index (300%), while MUU tracks Micron Technology, Inc. (200% Daily).

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (23.95 vs 0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.