TSYX vs. MUU

Last updated Jun 4, 2026

TSYX (TSPY Lift ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. TSYX charges 0.98%/yr vs 1.06%/yr for MUU.

Performance

TSYX vs. MUU - Performance Comparison

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

Returns By Period

TSYX

• 1D: -0.16%
• 1M: 6.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 3.08%
• 1M: 218.90%
• YTD: 961.23%
• 6M: 1,422.01%
• 1Y: 6,522.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSYX vs. MUU - Yearly Performance Comparison

	2026 (YTD)
TSYX TSPY Lift ETF	8.70%
MUU Direxion Daily MU Bull 2X Shares	668.79%

Correlation

The correlation between TSYX and MUU is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.48

Return for Risk

TSYX vs. MUU — Risk / Return Rank

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

MUU

MUU Risk / Return Rank: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 98
MUU Omega Ratio Rank: 97
MUU Calmar Ratio Rank: 100
MUU Martin Ratio Rank: 100

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.

TSYX vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TSPY Lift ETF (TSYX) 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.

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

Sharpe Ratios by Period

	TSYX	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	50.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	6.68	-5.41

Drawdowns

TSYX vs. MUU - Drawdown Comparison

The maximum TSYX drawdown since its inception was -13.39%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for TSYX and MUU.

Drawdown Indicators

	TSYX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-75.07%	+61.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.72%	—
Current Drawdown Current decline from peak	-0.16%	0.00%	-0.16%
Average Drawdown Average peak-to-trough decline	-2.97%	-23.44%	+20.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.51%	—

Volatility

Volatility by Period

	TSYX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	54.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	105.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.21%	131.77%	-113.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.21%	133.67%	-115.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	133.67%	-115.46%

TSYX vs. MUU - Expense Ratio Comparison

TSYX has a 0.98% expense ratio, which is lower than MUU's 1.06% expense ratio.

Dividends

TSYX vs. MUU - Dividend Comparison

TSYX's dividend yield for the trailing twelve months is around 6.17%, more than MUU's 0.46% yield.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	0.46%	4.27%	0.31%
TSYX TSPY Lift ETF	6.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSYX and MUU in my portfolio?

TSYX and MUU have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSYX or MUU?

On fees, TSYX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSYX or MUU?

TSYX is cheaper with a 0.98% expense ratio, compared with 1.06% for MUU.

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

TSYX has the higher dividend yield at 6.17%, compared with 0.46% for MUU.

What is the main difference between TSYX and MUU?

They also come from different issuers: TappAlpha and Direxion. Their fees differ too: 0.98% for TSYX and 1.06% for MUU.