TXNU vs. MUU

Last updated Jun 30, 2026

TXNU (Direxion Daily TXN Bull 2X ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion. TXNU is actively managed, while MUU is passively managed. Their correlation of 0.85 suggests significant overlap in exposure.

Performance

TXNU vs. MUU - Performance Comparison

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

Returns By Period

TXNU

• 1D: 0.02%
• 1M: -16.82%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 2.78%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXNU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
TXNU Direxion Daily TXN Bull 2X ETF	-19.25%
MUU Direxion Daily MU Bull 2X Shares	1.66%

Correlation

The correlation between TXNU and MUU is 0.85, 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	0.85

Return for Risk

TXNU vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TXN Bull 2X ETF (TXNU) 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

TXNU vs. MUU - Drawdown Comparison

The maximum TXNU drawdown since its inception was -27.80%, roughly equal to the maximum MUU drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for TXNU and MUU.

Drawdown Indicators

	TXNU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-27.80%	-26.63%	-1.17%
Current Drawdown Current decline from peak	-27.78%	-14.74%	-13.04%
Average Drawdown Average peak-to-trough decline	-6.63%	-12.57%	+5.94%

Volatility

Volatility by Period

	TXNU	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	120.04%	281.92%	-161.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.04%	281.92%	-161.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.04%	281.92%	-161.88%

Dividends

TXNU vs. MUU - Dividend Comparison

TXNU's dividend yield for the trailing twelve months is around 0.35%, more than MUU's 0.20% yield.

Position	TTM
MUU Direxion Daily MU Bull 2X Shares	0.20%
TXNU Direxion Daily TXN Bull 2X ETF	0.35%

Frequently Asked Questions

Can I hold both TXNU and MUU in my portfolio?

TXNU and MUU have a correlation of 0.85, 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, TXNU or MUU?

TXNU has the higher dividend yield at 0.35%, compared with 0.20% for MUU.