TRGP vs. MUU

Last updated Jul 16, 2026

TRGP (Targa Resources Corp.) is a stock, while MUU (Direxion Daily MU Bull 2X Shares) is Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Over the past year, TRGP returned 68.05% vs 2777.32% for MUU. At a 0.16 correlation, their price movements are largely independent.

Performance

TRGP vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Targa Resources Corp. (TRGP) 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, TRGP achieves a 52.28% return, which is significantly lower than MUU's 523.19% return.

TRGP

• 1D: -1.22%
• 1M: 6.03%
• 6M: 53.71%
• YTD: 52.28%
• 1Y: 68.05%
• 3Y*: 56.18%
• 5Y*: 49.47%
• 10Y*: 26.13%

MUU

• 1D: -15.79%
• 1M: -37.75%
• 6M: 369.59%
• YTD: 523.19%
• 1Y: 2,777.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRGP vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TRGP Targa Resources Corp.	52.28%	5.65%	9.74%
MUU Direxion Daily MU Bull 2X Shares	523.19%	599.03%	-40.91%

Correlation

The correlation between TRGP and MUU is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.16

The correlation between TRGP and MUU shifts across timeframes, from -0.03 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TRGP vs. MUU — Risk / Return Rank

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

TRGP

TRGP Risk / Return Rank: 93
TRGP Sharpe Ratio Rank: 95
TRGP Sortino Ratio Rank: 92
TRGP Omega Ratio Rank: 90
TRGP Calmar Ratio Rank: 92
TRGP Martin Ratio Rank: 95

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: 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.

TRGP vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Targa Resources Corp. (TRGP) 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.

	TRGP	MUU	Difference
Sharpe ratio: Return per unit of total volatility	2.47	23.63	-21.16
Sortino ratio: Return per unit of downside risk	3.04	5.56	-2.52
Omega ratio: Gain probability vs. loss probability	1.38	1.69	-0.31
Calmar ratio: Return relative to maximum drawdown	4.27	65.61	-61.34
Martin ratio: Return relative to average drawdown	15.10	219.05	-203.95

TRGP vs. MUU - Sharpe Ratio Comparison

The current TRGP Sharpe Ratio is 2.47, which is lower than the MUU Sharpe Ratio of 23.63. The chart below compares the historical Sharpe Ratios of TRGP 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

TRGP vs. MUU - Drawdown Comparison

The maximum TRGP drawdown since its inception was -95.21%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for TRGP and MUU.

Drawdown Indicators

	TRGP	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-95.21%	-75.07%	-20.14%
Max Drawdown (1Y) Largest decline over 1 year	-16.01%	-52.72%	+36.71%
Max Drawdown (3Y) Largest decline over 3 years	-31.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.78%	—	—
Current Drawdown Current decline from peak	-1.22%	-41.28%	+40.06%
Average Drawdown Average peak-to-trough decline	-33.39%	-23.49%	-9.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.52%	16.88%	-12.36%

Volatility

TRGP vs. MUU - Volatility Comparison

The current volatility for Targa Resources Corp. (TRGP) is 9.12%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 70.38%. This indicates that TRGP 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

	TRGP	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.12%	70.38%	-61.26%
Volatility (6M) Calculated over the trailing 6-month period	19.04%	116.37%	-97.33%
Volatility (1Y) Calculated over the trailing 1-year period	27.73%	146.36%	-118.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.74%	138.54%	-106.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.54%	138.54%	-91.00%

Dividends

TRGP vs. MUU - Dividend Comparison

TRGP's dividend yield for the trailing twelve months is around 1.53%, more than MUU's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MUU Direxion Daily MU Bull 2X Shares	0.76%	4.27%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TRGP Targa Resources Corp.	1.53%	2.03%	1.54%	2.13%	1.90%	0.77%	4.59%	8.92%	10.11%	7.52%	6.49%	12.53%

Frequently Asked Questions

Can I hold both TRGP and MUU in my portfolio?

TRGP and MUU have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRGP or MUU?

MUU has higher volatility (70.38%) compared to TRGP (9.12%). In terms of maximum drawdown, TRGP dropped -95.21% vs MUU's -75.07%.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (23.63 vs 2.47), 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.