XMLV vs. MUU
XMLV (Invesco S&P MidCap Low Volatility ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - XMLV is a Volatility Hedged Equity fund tracking the S&P MidCap 400 Low Volatility Index, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, XMLV returned 12.17% vs 2796.55% for MUU. At a 0.08 correlation, their price movements are largely independent. XMLV charges 0.25%/yr vs 1.01%/yr for MUU.
Performance
XMLV vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, XMLV achieves a 10.06% return, which is significantly lower than MUU's 575.80% return.
XMLV
- 1D
- 0.58%
- 1M
- 2.94%
- 6M
- 7.85%
- YTD
- 10.06%
- 1Y
- 12.17%
- 3Y*
- 11.90%
- 5Y*
- 7.19%
- 10Y*
- 7.92%
MUU
- 1D
- -9.01%
- 1M
- -18.36%
- 6M
- 372.65%
- YTD
- 575.80%
- 1Y
- 2,796.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XMLV vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XMLV Invesco S&P MidCap Low Volatility ETF | 10.06% | 5.55% | 0.60% |
MUU Direxion Daily MU Bull 2X Shares | 575.80% | 599.03% | -40.91% |
Correlation
The correlation between XMLV and MUU is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | 0.08 |
The correlation between XMLV and MUU shifts across timeframes, from -0.09 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMLV vs. MUU — Risk / Return Rank
XMLV
MUU
XMLV vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Low Volatility ETF (XMLV) 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.
| XMLV | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -22.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.94 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.69 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 66.09 | -64.35 |
| Martin ratioReturn relative to average drawdown | 5.73 | 221.31 | -215.58 |
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Drawdowns
XMLV vs. MUU - Drawdown Comparison
The maximum XMLV drawdown since its inception was -39.86%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for XMLV and MUU.
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Drawdown Indicators
| XMLV | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -75.07% | +35.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | -52.72% | +45.69% |
Max Drawdown (3Y)Largest decline over 3 years | -13.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.86% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -36.32% | +36.32% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -23.43% | +19.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 16.57% | -14.44% |
Volatility
XMLV vs. MUU - Volatility Comparison
The current volatility for Invesco S&P MidCap Low Volatility ETF (XMLV) is 3.47%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.81%. This indicates that XMLV 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.
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Volatility by Period
| XMLV | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 67.81% | -64.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 116.35% | -108.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.67% | 145.78% | -135.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 138.10% | -123.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 138.10% | -121.15% |
XMLV vs. MUU - Expense Ratio Comparison
XMLV has a 0.25% expense ratio, which is lower than MUU's 1.01% expense ratio.
Dividends
XMLV vs. MUU - Dividend Comparison
XMLV's dividend yield for the trailing twelve months is around 2.88%, more than MUU's 0.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 0.70% | 4.27% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMLV Invesco S&P MidCap Low Volatility ETF | 2.88% | 2.87% | 2.23% | 2.34% | 2.05% | 1.14% | 1.93% | 2.02% | 2.13% | 1.74% | 1.72% | 1.85% |
Frequently Asked Questions
XMLV and MUU have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUU has higher volatility (67.81%) compared to XMLV (3.47%). In terms of maximum drawdown, XMLV dropped -39.86% vs MUU's -75.07%.
On 1-year performance, MUU leads with 2796.55% vs 12.17% for XMLV. On fees, XMLV is cheaper at 0.25% per year. On volatility, XMLV has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MUU has performed better with a 2796.55% return vs 12.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XMLV is cheaper with a 0.25% expense ratio, compared with 1.01% for MUU.
XMLV has the higher dividend yield at 2.88%, compared with 0.70% for MUU.
XMLV is categorized as Volatility Hedged Equity, while MUU is Leveraged Equities. XMLV tracks S&P MidCap 400 Low Volatility Index, while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.25% for XMLV and 1.01% for MUU.
MUU currently has the higher Sharpe Ratio (23.95 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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