UTSL vs. MUU

Last updated Jun 24, 2026

UTSL (Direxion Daily Utilities Bull 3X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - UTSL tracks the Utilities Select Sector Index (300%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. At a correlation of -0.60, they often move in opposite directions. UTSL charges 0.99%/yr vs 1.01%/yr for MUU.

Performance

UTSL vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Utilities Bull 3X Shares (UTSL) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UTSL

• 1D: 2.11%
• 1M: -1.85%
• YTD: 11.66%
• 6M: 12.07%
• 1Y: 24.77%
• 3Y*: 24.32%
• 5Y*: 12.23%
• 10Y*: —

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UTSL vs. MUU - Yearly Performance Comparison

	2026 (YTD)
UTSL Direxion Daily Utilities Bull 3X Shares	3.47%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between UTSL and MUU is -0.60, 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 Jun 16, 2026	-0.60

Return for Risk

UTSL vs. MUU — Risk / Return Rank

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

UTSL

UTSL Risk / Return Rank: 19
UTSL Sharpe Ratio Rank: 18
UTSL Sortino Ratio Rank: 19
UTSL Omega Ratio Rank: 19
UTSL Calmar Ratio Rank: 20
UTSL Martin Ratio Rank: 17

MUU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

UTSL vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) 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.

	UTSL	MUU	Difference
Sharpe ratio: Return per unit of total volatility	0.57	—	—
Sortino ratio: Return per unit of downside risk	1.01	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.87	—	—
Martin ratio: Return relative to average drawdown	1.75	—	—

Drawdowns

UTSL vs. MUU - Drawdown Comparison

The maximum UTSL drawdown since its inception was -79.55%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for UTSL and MUU.

Drawdown Indicators

	UTSL	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-79.55%	-26.28%	-53.27%
Max Drawdown (1Y) Largest decline over 1 year	-28.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-46.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-68.01%	—	—
Current Drawdown Current decline from peak	-17.79%	-26.28%	+8.49%
Average Drawdown Average peak-to-trough decline	-33.16%	-10.19%	-22.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.20%	—	—

Volatility

Volatility by Period

	UTSL	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	35.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.76%	295.32%	-251.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.96%	295.32%	-243.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.18%	295.32%	-236.14%

UTSL vs. MUU - Expense Ratio Comparison

UTSL has a 0.99% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

UTSL vs. MUU - Dividend Comparison

UTSL's dividend yield for the trailing twelve months is around 1.63%, while MUU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UTSL Direxion Daily Utilities Bull 3X Shares	1.63%	1.69%	1.61%	3.61%	1.15%	1.19%	1.40%	5.01%	1.46%	0.57%

Frequently Asked Questions

Can I hold both UTSL and MUU in my portfolio?

UTSL and MUU have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UTSL or MUU?

On fees, UTSL is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UTSL or MUU?

UTSL is cheaper with a 0.99% expense ratio, compared with 1.01% for MUU.

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

UTSL has the higher dividend yield at 1.63%, compared with 0.00% for MUU.

What is the main difference between UTSL and MUU?

UTSL tracks Utilities Select Sector Index (300%), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 0.99% for UTSL and 1.01% for MUU.