UYG vs. MUU

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra Financials (UYG) and Direxion Daily MU Bull 2X Shares (MUU).

UYG and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Financials Index (200%). It was launched on Jan 30, 2007. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.

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.

UYG vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UYG ProShares Ultra Financials	-19.81%	19.77%	10.79%
MUU Direxion Daily MU Bull 2X Shares	41.27%	599.03%	-43.09%

Returns By Period

In the year-to-date period, UYG achieves a -19.81% return, which is significantly lower than MUU's 41.27% return.

UYG

• 1D: -0.02%
• 1M: -7.05%
• YTD: -19.81%
• 6M: -16.54%
• 1Y: -7.79%
• 3Y*: 25.32%
• 5Y*: 11.21%
• 10Y*: 16.07%

MUU

• 1D: 17.77%
• 1M: -25.73%
• YTD: 41.27%
• 6M: 205.92%
• 1Y: 904.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UYG vs. MUU - Expense Ratio Comparison

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

MUU

Direxion Daily MU Bull 2X Shares

UYG

ProShares Ultra Financials

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: 8
UYG Sharpe Ratio Rank: 8
UYG Sortino Ratio Rank: 9
UYG Omega Ratio Rank: 9
UYG Calmar Ratio Rank: 8
UYG Martin Ratio Rank: 5

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: 99

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.

	UYG	MUU	Difference
Sharpe ratio Return per unit of total volatility	-0.20	7.00	-7.20
Sortino ratio Return per unit of downside risk	-0.02	3.86	-3.88
Omega ratio Gain probability vs. loss probability	1.00	1.52	-0.52
Calmar ratio Return relative to maximum drawdown	-0.28	17.99	-18.28
Martin ratio Return relative to average drawdown	-0.81	50.69	-51.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UYG vs. MUU - Sharpe Ratio Comparison

The current UYG Sharpe Ratio is -0.20, which is lower than the MUU Sharpe Ratio of 7.00. The chart below compares the historical Sharpe Ratios of UYG 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

	UYG	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	7.00	-7.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	1.77	-1.79

Correlation

The correlation between UYG and MUU is 0.23, 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

UYG vs. MUU - Dividend Comparison

UYG's dividend yield for the trailing twelve months is around 14.57%, more than MUU's 3.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UYG ProShares Ultra Financials	14.57%	11.72%	0.51%	0.79%	0.77%	9.39%	0.66%	0.90%	1.28%	0.56%	0.76%	0.72%
MUU Direxion Daily MU Bull 2X Shares	3.42%	4.27%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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 -75.07%. 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%	-75.07%	-22.83%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	-52.72%	+23.81%
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	-24.26%	-38.92%	+14.66%
Average Drawdown Average peak-to-trough decline	-63.77%	-25.08%	-38.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.20%	18.71%	-8.51%

Volatility

UYG vs. MUU - Volatility Comparison

The current volatility for ProShares Ultra Financials (UYG) is 9.56%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 47.51%. This indicates that UYG 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

	UYG	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.56%	47.51%	-37.95%
Volatility (6M) Calculated over the trailing 6-month period	23.03%	99.28%	-76.25%
Volatility (1Y) Calculated over the trailing 1-year period	38.60%	130.64%	-92.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.15%	127.68%	-91.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.07%	127.68%	-86.61%