XSD vs. MUU

Last updated Jun 20, 2026

XSD (SPDR S&P Semiconductor ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - XSD is a Semiconductors fund tracking the S&P Semiconductor Select Industry Index, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. With a 1.00 correlation, they move nearly in lockstep. XSD charges 0.35%/yr vs 1.01%/yr for MUU.

Performance

XSD vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Semiconductor ETF (XSD) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XSD

• 1D: 7.26%
• 1M: 12.90%
• YTD: 97.96%
• 6M: 94.72%
• 1Y: 159.93%
• 3Y*: 43.38%
• 5Y*: 29.19%
• 10Y*: 30.90%

MUU

• 1D: 16.87%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XSD vs. MUU - Yearly Performance Comparison

	2026 (YTD)
XSD SPDR S&P Semiconductor ETF	0.66%
MUU Direxion Daily MU Bull 2X Shares	4.56%

Correlation

The correlation between XSD and MUU is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	1.00

Return for Risk

XSD vs. MUU — Risk / Return Rank

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

XSD

XSD Risk / Return Rank: 94
XSD Sharpe Ratio Rank: 96
XSD Sortino Ratio Rank: 91
XSD Omega Ratio Rank: 90
XSD Calmar Ratio Rank: 96
XSD Martin Ratio Rank: 95

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.

XSD vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Semiconductor ETF (XSD) 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.

	XSD	MUU	Difference
Sharpe ratio: Return per unit of total volatility	4.02	—	—
Sortino ratio: Return per unit of downside risk	4.08	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	8.65	—	—
Martin ratio: Return relative to average drawdown	28.55	—	—

Drawdowns

XSD vs. MUU - Drawdown Comparison

The maximum XSD drawdown since its inception was -64.56%, which is greater than MUU's maximum drawdown of -14.14%. Use the drawdown chart below to compare losses from any high point for XSD and MUU.

Drawdown Indicators

	XSD	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-64.56%	-14.14%	-50.42%
Max Drawdown (1Y) Largest decline over 1 year	-18.61%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-41.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.27%	—	—
Current Drawdown Current decline from peak	-2.07%	0.00%	-2.07%
Average Drawdown Average peak-to-trough decline	-13.72%	-8.23%	-5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.63%	—	—

Volatility

Volatility by Period

	XSD	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	40.07%	247.52%	-207.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.05%	247.52%	-208.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.41%	247.52%	-212.11%

XSD vs. MUU - Expense Ratio Comparison

XSD has a 0.35% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

XSD vs. MUU - Dividend Comparison

XSD's dividend yield for the trailing twelve months is around 0.13%, while MUU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSD SPDR S&P Semiconductor ETF	0.13%	0.26%	0.20%	0.31%	0.44%	0.10%	0.26%	0.51%	1.16%	0.59%	0.64%	0.58%

Frequently Asked Questions

Can I hold both XSD and MUU in my portfolio?

With a correlation of 1.00, XSD and MUU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XSD or MUU?

On fees, XSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSD or MUU?

XSD is cheaper with a 0.35% expense ratio, compared with 1.01% for MUU.

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

XSD has the higher dividend yield at 0.13%, compared with 0.00% for MUU.

What is the main difference between XSD and MUU?

XSD is categorized as Semiconductors, while MUU is Leveraged Equities. XSD tracks S&P Semiconductor Select Industry Index, while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: State Street and Direxion. Their fees differ too: 0.35% for XSD and 1.01% for MUU.