TSXU vs. MUU

Last updated Jun 24, 2026

TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - TSXU tracks the Solactive Semiconductor Top 5 Index (2x) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. TSXU charges 1.05%/yr vs 1.01%/yr for MUU.

Performance

TSXU vs. MUU - Performance Comparison

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

Returns By Period

TSXU

• 1D: -13.73%
• 1M: 19.65%
• YTD: 113.38%
• 6M: 118.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

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

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

TSXU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	-6.82%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between TSXU and MUU is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.90

Return for Risk

TSXU vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU) 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.

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

Drawdowns

TSXU vs. MUU - Drawdown Comparison

The maximum TSXU drawdown since its inception was -35.62%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for TSXU and MUU.

Drawdown Indicators

	TSXU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-35.62%	-26.28%	-9.34%
Current Drawdown Current decline from peak	-13.73%	-26.28%	+12.55%
Average Drawdown Average peak-to-trough decline	-10.67%	-10.19%	-0.48%

Volatility

Volatility by Period

	TSXU	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	89.70%	295.32%	-205.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.70%	295.32%	-205.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.70%	295.32%	-205.62%

TSXU vs. MUU - Expense Ratio Comparison

TSXU has a 1.05% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

TSXU vs. MUU - Dividend Comparison

TSXU's dividend yield for the trailing twelve months is around 1.36%, while MUU has not paid dividends to shareholders.

Position	TTM	2025
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.36%	2.54%

Frequently Asked Questions

Can I hold both TSXU and MUU in my portfolio?

With a correlation of 0.90, TSXU and MUU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TSXU 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, TSXU or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.36%, compared with 0.00% for MUU.

What is the main difference between TSXU and MUU?

TSXU tracks Solactive Semiconductor Top 5 Index (2x), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.05% for TSXU and 1.01% for MUU.