UNHU vs. MUU

Last updated Jun 5, 2026

UNHU (Direxion Daily UNH Bull 2X ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion. Both are actively managed. At a correlation of -0.10, they often move in opposite directions. UNHU charges 0.97%/yr vs 1.06%/yr for MUU.

Performance

UNHU vs. MUU - Performance Comparison

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

Returns By Period

UNHU

• 1D: 10.16%
• 1M: 17.42%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -15.35%
• 1M: 121.05%
• YTD: 798.37%
• 6M: 1,279.44%
• 1Y: 5,396.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UNHU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
UNHU Direxion Daily UNH Bull 2X ETF	105.67%
MUU Direxion Daily MU Bull 2X Shares	472.82%

Correlation

The correlation between UNHU and MUU is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	-0.10

Return for Risk

UNHU 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.

UNHU vs. MUU - Risk-Adjusted Trends Comparison

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

	UNHU	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	41.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	57.76	5.91	+51.86

Drawdowns

UNHU vs. MUU - Drawdown Comparison

The maximum UNHU drawdown since its inception was -11.68%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for UNHU and MUU.

Drawdown Indicators

	UNHU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-11.68%	-75.07%	+63.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.72%	—
Current Drawdown Current decline from peak	-2.71%	-15.35%	+12.64%
Average Drawdown Average peak-to-trough decline	-2.99%	-23.42%	+20.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.54%	—

Volatility

Volatility by Period

	UNHU	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	56.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	106.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	69.61%	132.77%	-63.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.61%	134.14%	-64.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.61%	134.14%	-64.53%

UNHU vs. MUU - Expense Ratio Comparison

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

Dividends

UNHU vs. MUU - Dividend Comparison

UNHU has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.54%.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	0.54%	4.27%	0.31%
UNHU Direxion Daily UNH Bull 2X ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UNHU and MUU in my portfolio?

UNHU and MUU have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UNHU or MUU?

On fees, UNHU is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UNHU or MUU?

UNHU is cheaper with a 0.97% expense ratio, compared with 1.06% for MUU.

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

MUU has the higher dividend yield at 0.54%, compared with 0.00% for UNHU.

What is the main difference between UNHU and MUU?

Their fees differ too: 0.97% for UNHU and 1.06% for MUU.