UCYB vs. MUU

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra Nasdaq Cybersecurity (UCYB) and Direxion Daily MU Bull 2X Shares (MUU).

UCYB and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCYB is a passively managed fund by ProShares that tracks the performance of the Nasdaq CTA Cybersecurity Index (200%). It was launched on Jan 19, 2021. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.

Performance

UCYB vs. MUU - Performance Comparison

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

UCYB vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UCYB ProShares Ultra Nasdaq Cybersecurity	-24.17%	9.41%	4.20%
MUU Direxion Daily MU Bull 2X Shares	41.27%	599.03%	-43.09%

Returns By Period

In the year-to-date period, UCYB achieves a -24.17% return, which is significantly lower than MUU's 41.27% return.

UCYB

• 1D: 1.61%
• 1M: -1.50%
• YTD: -24.17%
• 6M: -35.38%
• 1Y: -12.71%
• 3Y*: 15.46%
• 5Y*: 4.39%
• 10Y*: —

MUU

• 1D: 17.77%
• 1M: -25.73%
• YTD: 41.27%
• 6M: 205.92%
• 1Y: 904.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UCYB vs. MUU - Expense Ratio Comparison

UCYB has a 0.97% expense ratio, which is lower than MUU's 1.06% expense ratio.

MUU

Direxion Daily MU Bull 2X Shares

UCYB

ProShares Ultra Nasdaq Cybersecurity

Return for Risk

UCYB vs. MUU — Risk / Return Rank

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

UCYB

UCYB Risk / Return Rank: 8
UCYB Sharpe Ratio Rank: 7
UCYB Sortino Ratio Rank: 9
UCYB Omega Ratio Rank: 9
UCYB Calmar Ratio Rank: 8
UCYB Martin Ratio Rank: 7

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 99
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 99
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.

UCYB vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cybersecurity (UCYB) 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.

	UCYB	MUU	Difference
Sharpe ratio Return per unit of total volatility	-0.26	7.00	-7.26
Sortino ratio Return per unit of downside risk	-0.05	3.86	-3.91
Omega ratio Gain probability vs. loss probability	0.99	1.52	-0.52
Calmar ratio Return relative to maximum drawdown	-0.26	17.99	-18.25
Martin ratio Return relative to average drawdown	-0.67	50.69	-51.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCYB vs. MUU - Sharpe Ratio Comparison

The current UCYB Sharpe Ratio is -0.26, which is lower than the MUU Sharpe Ratio of 7.00. The chart below compares the historical Sharpe Ratios of UCYB and MUU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UCYB	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	7.00	-7.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	1.77	-1.75

Correlation

The correlation between UCYB and MUU is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

UCYB vs. MUU - Dividend Comparison

UCYB's dividend yield for the trailing twelve months is around 2.86%, less than MUU's 3.42% yield.

	TTM	2025	2024	2023	2022	2021
UCYB ProShares Ultra Nasdaq Cybersecurity	2.86%	1.90%	2.16%	0.56%	0.00%	0.91%
MUU Direxion Daily MU Bull 2X Shares	3.42%	4.27%	0.31%	0.00%	0.00%	0.00%

Drawdowns

UCYB vs. MUU - Drawdown Comparison

The maximum UCYB drawdown since its inception was -62.69%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for UCYB and MUU.

Drawdown Indicators

	UCYB	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-62.69%	-75.07%	+12.38%
Max Drawdown (1Y) Largest decline over 1 year	-42.54%	-52.72%	+10.18%
Max Drawdown (5Y) Largest decline over 5 years	-62.69%	—	—
Current Drawdown Current decline from peak	-37.91%	-38.92%	+1.01%
Average Drawdown Average peak-to-trough decline	-27.72%	-25.08%	-2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.66%	18.71%	-2.05%

Volatility

UCYB vs. MUU - Volatility Comparison

The current volatility for ProShares Ultra Nasdaq Cybersecurity (UCYB) is 14.49%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 47.51%. This indicates that UCYB 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

	UCYB	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.49%	47.51%	-33.02%
Volatility (6M) Calculated over the trailing 6-month period	33.19%	99.28%	-66.09%
Volatility (1Y) Calculated over the trailing 1-year period	48.93%	130.64%	-81.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.30%	127.68%	-79.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.51%	127.68%	-79.17%