WEBS vs. MUU

Last updated Jun 26, 2026

WEBS (Daily Dow Jones Internet Bear 3X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - WEBS tracks the Dow Jones Internet Composite Index (300%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. At a 0.11 correlation, their price movements are largely independent. WEBS charges 1.07%/yr vs 1.01%/yr for MUU.

Performance

WEBS vs. MUU - Performance Comparison

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

Returns By Period

WEBS

• 1D: 4.12%
• 1M: 20.33%
• YTD: 8.23%
• 6M: 12.06%
• 1Y: -3.46%
• 3Y*: -45.46%
• 5Y*: -30.51%
• 10Y*: —

MUU

• 1D: 31.07%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEBS vs. MUU - Yearly Performance Comparison

	2026 (YTD)
WEBS Daily Dow Jones Internet Bear 3X Shares	19.01%
MUU Direxion Daily MU Bull 2X Shares	14.65%

Correlation

The correlation between WEBS and MUU is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.11

Return for Risk

WEBS vs. MUU — Risk / Return Rank

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

WEBS

WEBS Risk / Return Rank: 9
WEBS Sharpe Ratio Rank: 9
WEBS Sortino Ratio Rank: 11
WEBS Omega Ratio Rank: 10
WEBS Calmar Ratio Rank: 9
WEBS Martin Ratio Rank: 8

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.

WEBS vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) 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.

	WEBS	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	—	—
Sortino ratio: Return per unit of downside risk	0.36	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	-0.06	—	—
Martin ratio: Return relative to average drawdown	-0.16	—	—

Drawdowns

WEBS vs. MUU - Drawdown Comparison

The maximum WEBS drawdown since its inception was -99.63%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for WEBS and MUU.

Drawdown Indicators

	WEBS	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-99.63%	-26.63%	-73.00%
Max Drawdown (1Y) Largest decline over 1 year	-53.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-90.33%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-97.09%	—	—
Current Drawdown Current decline from peak	-99.48%	-3.84%	-95.64%
Average Drawdown Average peak-to-trough decline	-91.11%	-11.62%	-79.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.78%	—	—

Volatility

Volatility by Period

	WEBS	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	59.59%	307.99%	-248.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.14%	307.99%	-225.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.73%	307.99%	-218.26%

WEBS vs. MUU - Expense Ratio Comparison

WEBS has a 1.07% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

WEBS vs. MUU - Dividend Comparison

WEBS's dividend yield for the trailing twelve months is around 2.53%, more than MUU's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MUU Direxion Daily MU Bull 2X Shares	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WEBS Daily Dow Jones Internet Bear 3X Shares	2.53%	3.77%	8.02%	8.51%	0.20%	0.00%	1.11%	0.11%

Frequently Asked Questions

Can I hold both WEBS and MUU in my portfolio?

WEBS and MUU have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WEBS or MUU?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WEBS or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.07% for WEBS.

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

WEBS has the higher dividend yield at 2.53%, compared with 0.17% for MUU.

What is the main difference between WEBS and MUU?

WEBS tracks Dow Jones Internet Composite Index (300%), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.07% for WEBS and 1.01% for MUU.