URTY vs. MUU

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares UltraPro Russell2000 (URTY) and Direxion Daily MU Bull 2X Shares (MUU).

URTY and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. URTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (300%). It was launched on Feb 9, 2010. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.

Performance

URTY vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Russell2000 (URTY) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

URTY vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URTY ProShares UltraPro Russell2000	-2.90%	9.26%	0.86%
MUU Direxion Daily MU Bull 2X Shares	19.95%	599.03%	-43.09%

Returns By Period

In the year-to-date period, URTY achieves a -2.90% return, which is significantly lower than MUU's 19.95% return.

URTY

• 1D: 10.50%
• 1M: -16.23%
• YTD: -2.90%
• 6M: -2.24%
• 1Y: 51.62%
• 3Y*: 11.95%
• 5Y*: -13.62%
• 10Y*: 4.55%

MUU

• 1D: 9.69%
• 1M: -37.04%
• YTD: 19.95%
• 6M: 205.62%
• 1Y: 790.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URTY vs. MUU - Expense Ratio Comparison

URTY has a 0.95% expense ratio, which is lower than MUU's 1.06% expense ratio.

MUU

Direxion Daily MU Bull 2X Shares

URTY

ProShares UltraPro Russell2000

Return for Risk

URTY vs. MUU — Risk / Return Rank

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

URTY

URTY Risk / Return Rank: 50
URTY Sharpe Ratio Rank: 43
URTY Sortino Ratio Rank: 57
URTY Omega Ratio Rank: 49
URTY Calmar Ratio Rank: 55
URTY Martin Ratio Rank: 46

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: 98

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.

URTY vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) 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.

	URTY	MUU	Difference
Sharpe ratio Return per unit of total volatility	0.74	6.16	-5.41
Sortino ratio Return per unit of downside risk	1.41	3.70	-2.29
Omega ratio Gain probability vs. loss probability	1.18	1.49	-0.31
Calmar ratio Return relative to maximum drawdown	1.31	14.42	-13.11
Martin ratio Return relative to average drawdown	4.15	40.98	-36.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URTY vs. MUU - Sharpe Ratio Comparison

The current URTY Sharpe Ratio is 0.74, which is lower than the MUU Sharpe Ratio of 6.16. The chart below compares the historical Sharpe Ratios of URTY 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

	URTY	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	6.16	-5.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	1.52	-1.36

Correlation

The correlation between URTY and MUU is 0.49, 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

URTY vs. MUU - Dividend Comparison

URTY's dividend yield for the trailing twelve months is around 0.97%, less than MUU's 4.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
URTY ProShares UltraPro Russell2000	0.97%	1.02%	1.16%	0.55%	0.28%	0.00%	0.00%	0.18%	0.28%	0.00%	0.03%
MUU Direxion Daily MU Bull 2X Shares	4.03%	4.27%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

URTY vs. MUU - Drawdown Comparison

The maximum URTY drawdown since its inception was -88.09%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for URTY and MUU.

Drawdown Indicators

	URTY	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-88.09%	-75.07%	-13.02%
Max Drawdown (1Y) Largest decline over 1 year	-37.70%	-52.72%	+15.02%
Max Drawdown (5Y) Largest decline over 5 years	-82.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-88.09%	—	—
Current Drawdown Current decline from peak	-60.03%	-48.14%	-11.89%
Average Drawdown Average peak-to-trough decline	-34.67%	-25.05%	-9.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.86%	18.55%	-6.69%

Volatility

URTY vs. MUU - Volatility Comparison

The current volatility for ProShares UltraPro Russell2000 (URTY) is 22.37%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 46.74%. This indicates that URTY 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

	URTY	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.37%	46.74%	-24.37%
Volatility (6M) Calculated over the trailing 6-month period	43.33%	98.12%	-54.79%
Volatility (1Y) Calculated over the trailing 1-year period	69.68%	129.66%	-59.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.50%	127.08%	-59.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.20%	127.08%	-57.88%