TYD vs. MUU
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, TYD returned -8.85% vs 2805.45% for MUU. Their -0.02 correlation means they have often moved in opposite directions in the past. TYD charges 1.09%/yr vs 1.01%/yr for MUU.
Performance
TYD vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -10.03% return, which is significantly lower than MUU's 372.51% return.
TYD
- 1D
- -1.01%
- 1M
- -4.64%
- 6M
- -8.59%
- YTD
- -10.03%
- 1Y
- -8.85%
- 3Y*
- -3.83%
- 5Y*
- -14.92%
- 10Y*
- -5.77%
- ALL TIME*
- 0.87%
MUU
- 1D
- -12.24%
- 1M
- -36.47%
- 6M
- 134.93%
- YTD
- 372.51%
- 1Y
- 2,805.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 419.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.51B | $1.57B | $2.27B | |
| $420.72K | $411.37K | $510.43K |
TYD vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -10.03% | 11.68% | -10.33% |
MUU Direxion Daily MU Bull 2X Shares | 372.51% | 599.03% | -40.91% |
Correlation
The correlation between TYD and MUU is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | -0.02 |
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Return for Risk
TYD vs. MUU — Risk / Return Rank
TYD
MUU
TYD vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) 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.
| TYD | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.54 | ||
| Sortino ratioReturn per unit of downside risk | -5.36 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.61 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 38.27 | -38.66 |
| Martin ratioReturn relative to average drawdown | -0.84 | 127.21 | -128.05 |
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Drawdowns
TYD vs. MUU - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for TYD and MUU.
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Drawdown Indicators
| TYD | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -75.07% | +10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -68.07% | +53.66% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -59.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | — | — |
Current DrawdownCurrent decline from peak | -60.90% | -61.50% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -22.29% | -24.34% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 20.44% | -13.75% |
Volatility
TYD vs. MUU - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.45%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 62.16%. This indicates that TYD 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.
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Volatility by Period
| TYD | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 62.16% | -58.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 134.20% | -123.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 161.94% | -148.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 146.71% | -123.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 146.71% | -126.53% |
TYD vs. MUU - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than MUU's 1.01% expense ratio.
Dividends
TYD vs. MUU - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.43%, more than MUU's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 1.44% | 4.27% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.43% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Frequently Asked Questions
TYD and MUU have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUU has higher volatility (62.16%) compared to TYD (3.45%). In terms of maximum drawdown, TYD dropped -64.28% vs MUU's -75.07%.
On 1-year performance, MUU leads with 2805.45% vs -8.85% for TYD. On fees, MUU is cheaper at 1.01% per year. On volatility, TYD has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MUU has performed better with a 2805.45% return vs -8.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MUU is cheaper with a 1.01% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.43%, compared with 1.44% for MUU.
TYD is categorized as Leveraged Bonds, while MUU is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.09% for TYD and 1.01% for MUU.
MUU currently has the higher Sharpe Ratio (16.13 vs -0.41), 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.
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