USD vs. MUU
USD (ProShares Ultra Semiconductors) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds - USD tracks the Dow Jones U.S. Semiconductors Index (200%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, USD returned 98.72% vs 2844.73% for MUU. Their 0.70 correlation means they have sometimes moved together and sometimes differently. USD charges 0.95%/yr vs 1.01%/yr for MUU.
Performance
USD vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 55.27% return, which is significantly lower than MUU's 378.90% return.
USD
- 1D
- 3.34%
- 1M
- -7.07%
- 6M
- 41.04%
- YTD
- 55.27%
- 1Y
- 98.72%
- 3Y*
- 95.45%
- 5Y*
- 54.39%
- 10Y*
- 53.94%
- ALL TIME*
- 28.27%
MUU
- 1D
- 1.35%
- 1M
- -35.62%
- 6M
- 114.51%
- YTD
- 378.90%
- 1Y
- 2,844.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 419.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.54B | $1.50B | $2.29B | |
| $71.31M | $70.59M | $96.20M |
USD vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USD ProShares Ultra Semiconductors | 55.27% | 62.08% | -3.35% |
MUU Direxion Daily MU Bull 2X Shares | 378.90% | 599.03% | -40.91% |
Correlation
The correlation between USD and MUU is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | 0.70 |
The correlation between USD and MUU has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.
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Return for Risk
USD vs. MUU — Risk / Return Rank
USD
MUU
USD vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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.
| USD | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.63 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 42.38 | -39.85 |
| Martin ratioReturn relative to average drawdown | 7.21 | 138.45 | -131.24 |
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Drawdowns
USD vs. MUU - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for USD and MUU.
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Drawdown Indicators
| USD | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -75.07% | -13.56% |
Max Drawdown (1Y)Largest decline over 1 year | -39.33% | -68.07% | +28.74% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | — | — |
Current DrawdownCurrent decline from peak | -28.27% | -60.98% | +32.71% |
Average DrawdownAverage peak-to-trough decline | -32.23% | -24.42% | -7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.74% | 20.79% | -7.05% |
Volatility
USD vs. MUU - Volatility Comparison
The current volatility for ProShares Ultra Semiconductors (USD) is 27.45%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 61.31%. This indicates that USD 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
| USD | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.45% | 61.31% | -33.86% |
Volatility (6M)Calculated over the trailing 6-month period | 61.08% | 133.76% | -72.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.76% | 161.53% | -87.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.77% | 146.55% | -67.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.41% | 146.55% | -76.14% |
USD vs. MUU - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is lower than MUU's 1.01% expense ratio.
Dividends
USD vs. MUU - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.37%, less than MUU's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 1.42% | 4.27% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.37% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
USD and MUU have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUU has higher volatility (61.31%) compared to USD (27.45%). In terms of maximum drawdown, USD dropped -88.63% vs MUU's -75.07%.
On 1-year performance, MUU leads with 2844.73% vs 98.72% for USD. On fees, USD is cheaper at 0.95% per year. On volatility, USD has been the lower-risk option at 27.45%. 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 2844.73% return vs 98.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USD is cheaper with a 0.95% expense ratio, compared with 1.01% for MUU.
MUU has the higher dividend yield at 1.42%, compared with 0.37% for USD.
USD tracks Dow Jones U.S. Semiconductors Index (200%), while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for USD and 1.01% for MUU.
MUU currently has the higher Sharpe Ratio (17.89 vs 1.35), 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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