UYG vs. MUU

Last updated Jun 28, 2026

UYG (ProShares Ultra Financials) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds - UYG tracks the Dow Jones U.S. Financials Index (200%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. At a correlation of -0.69, they often move in opposite directions. UYG charges 0.95%/yr vs 1.01%/yr for MUU.

Performance

UYG vs. MUU - Performance Comparison

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

Returns By Period

UYG

• 1D: 0.38%
• 1M: 9.36%
• YTD: -6.60%
• 6M: -9.22%
• 1Y: 1.43%
• 3Y*: 30.40%
• 5Y*: 11.29%
• 10Y*: 18.50%

MUU

• 1D: -13.73%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UYG vs. MUU - Yearly Performance Comparison

	2026 (YTD)
UYG ProShares Ultra Financials	0.67%
MUU Direxion Daily MU Bull 2X Shares	-1.09%

Correlation

The correlation between UYG and MUU is -0.69, 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	-0.69

Return for Risk

UYG vs. MUU — Risk / Return Rank

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

UYG

UYG Risk / Return Rank: 10
UYG Sharpe Ratio Rank: 10
UYG Sortino Ratio Rank: 10
UYG Omega Ratio Rank: 10
UYG Calmar Ratio Rank: 10
UYG Martin Ratio Rank: 10

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.

UYG vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Financials (UYG) 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.

	UYG	MUU	Difference
Sharpe ratio: Return per unit of total volatility	0.06	—	—
Sortino ratio: Return per unit of downside risk	0.28	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	0.06	—	—
Martin ratio: Return relative to average drawdown	0.15	—	—

Drawdowns

UYG vs. MUU - Drawdown Comparison

The maximum UYG drawdown since its inception was -97.90%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for UYG and MUU.

Drawdown Indicators

	UYG	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-97.90%	-26.63%	-71.27%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-47.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.98%	—	—
Current Drawdown Current decline from peak	-11.79%	-17.04%	+5.25%
Average Drawdown Average peak-to-trough decline	-63.19%	-12.29%	-50.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.34%	—	—

Volatility

Volatility by Period

	UYG	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.93%	301.29%	-272.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.12%	301.29%	-265.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.90%	301.29%	-260.39%

UYG vs. MUU - Expense Ratio Comparison

UYG has a 0.95% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

UYG vs. MUU - Dividend Comparison

UYG's dividend yield for the trailing twelve months is around 12.50%, more than MUU's 0.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MUU Direxion Daily MU Bull 2X Shares	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UYG ProShares Ultra Financials	12.50%	11.72%	0.51%	0.79%	0.77%	9.39%	0.66%	0.90%	1.28%	0.56%	0.76%	0.72%

Frequently Asked Questions

Can I hold both UYG and MUU in my portfolio?

UYG 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.

Which ETF is better, UYG or MUU?

On fees, UYG is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UYG or MUU?

UYG is cheaper with a 0.95% expense ratio, compared with 1.01% for MUU.

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

UYG has the higher dividend yield at 12.50%, compared with 0.20% for MUU.

What is the main difference between UYG and MUU?

UYG tracks Dow Jones U.S. Financials 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 UYG and 1.01% for MUU.