UTSL vs. MUU

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily Utilities Bull 3X Shares (UTSL) and Direxion Daily MU Bull 2X Shares (MUU).

UTSL and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTSL is a passively managed fund by Direxion that tracks the performance of the Utilities Select Sector Index (300%). It was launched on May 3, 2017. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.

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.

UTSL vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UTSL Direxion Daily Utilities Bull 3X Shares	20.69%	29.03%	-12.34%
MUU Direxion Daily MU Bull 2X Shares	19.95%	599.03%	-43.09%

Returns By Period

The year-to-date returns for both stocks are quite close, with UTSL having a 20.69% return and MUU slightly lower at 19.95%.

UTSL

• 1D: -0.75%
• 1M: -11.14%
• YTD: 20.69%
• 6M: 11.50%
• 1Y: 42.18%
• 3Y*: 21.90%
• 5Y*: 13.39%
• 10Y*: —

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)

UTSL vs. MUU - Expense Ratio Comparison

UTSL has a 0.99% expense ratio, which is lower than MUU's 1.06% expense ratio.

MUU

Direxion Daily MU Bull 2X Shares

UTSL

Direxion Daily Utilities Bull 3X Shares

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: 53
UTSL Sharpe Ratio Rank: 52
UTSL Sortino Ratio Rank: 53
UTSL Omega Ratio Rank: 50
UTSL Calmar Ratio Rank: 68
UTSL Martin Ratio Rank: 42

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.

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.

	UTSL	MUU	Difference
Sharpe ratio Return per unit of total volatility	0.90	6.16	-5.26
Sortino ratio Return per unit of downside risk	1.37	3.70	-2.33
Omega ratio Gain probability vs. loss probability	1.18	1.49	-0.31
Calmar ratio Return relative to maximum drawdown	1.67	14.42	-12.75
Martin ratio Return relative to average drawdown	3.80	40.98	-37.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UTSL vs. MUU - Sharpe Ratio Comparison

The current UTSL Sharpe Ratio is 0.90, which is lower than the MUU Sharpe Ratio of 6.16. The chart below compares the historical Sharpe Ratios of UTSL 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

	UTSL	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	6.16	-5.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	1.52	-1.34

Correlation

The correlation between UTSL and MUU is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UTSL vs. MUU - Dividend Comparison

UTSL's dividend yield for the trailing twelve months is around 1.51%, less than MUU's 4.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
UTSL Direxion Daily Utilities Bull 3X Shares	1.51%	1.69%	1.61%	3.61%	1.15%	1.19%	1.40%	5.01%	1.46%	0.57%
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%

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 -75.07%. 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%	-75.07%	-4.48%
Max Drawdown (1Y) Largest decline over 1 year	-27.94%	-52.72%	+24.78%
Max Drawdown (5Y) Largest decline over 5 years	-68.01%	—	—
Current Drawdown Current decline from peak	-11.14%	-48.14%	+37.00%
Average Drawdown Average peak-to-trough decline	-33.61%	-25.05%	-8.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.30%	18.55%	-6.25%

Volatility

UTSL vs. MUU - Volatility Comparison

The current volatility for Direxion Daily Utilities Bull 3X Shares (UTSL) is 15.69%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 46.74%. This indicates that UTSL 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

	UTSL	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.69%	46.74%	-31.05%
Volatility (6M) Calculated over the trailing 6-month period	31.12%	98.12%	-67.00%
Volatility (1Y) Calculated over the trailing 1-year period	47.20%	129.66%	-82.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.60%	127.08%	-75.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.39%	127.08%	-67.69%