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Direxion Shares ETF Trust - Direxion Daily MU Bear 1X ETF

MUDNasdaqCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$10.11+0.37 (+3.80%)

At close: Oct 13, 2026, 4:00 PM

Intraday session: up, 79 prints from 9.74 to 10.11. Range 10.11 to 10.30. Use the arrow keys to read each point.9.9010.0010.2010.3010 AM12 PM2 PM4 PM
Expense ratio
1.42%
Fund size
$29M
1Y total return
−99.0%
Yield · Last 12 months
43.85%
Holdings
4
Avg volume · 30D
12.4M sh
NAV per share
$9.38
52W range
low $8.73high $975.00
Launched

The ETF.net MUD Grade

Based on 4 of 6 pillars

C

Score 51 out of 100

Rank
25 of 58
Six-pillar profile for MUD. Scores out of 100: Cost 53, Risk 15, Mission not scored, Tradability 78, Holdings not scored, Durability 74. Strongest: Tradability (78). Weakest: Risk (15). Based on 4 of 6 pillars.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C53 out of 100
    Rank 28 of 58
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F15 out of 100
    Rank 50 of 52
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A78 out of 100
    Rank 9 of 58
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A74 out of 100
    Rank 3 of 58

MUD Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
4
Top-10 weight
675%
Largest holding
Dreyfus Govt Cash Man Ins525.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Dreyfus Govt Cash Man Ins525.22%26,622,566$27M108
002—Goldman Sachs Fin Gov 465 Institut96.67%4,900,001$5M76
003—Goldman Finl Sq Trsry Inst 50630.69%1,555,445$2M98
004—Dreyfus Trsry Securities Cash Mgmt22.86%1,158,890$1M84

Showing 1–4 of 4 holdings

MUD Performance

Launched Oct 10, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
MUD$100
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. MUD $100. SPY $12,044. Use the arrow keys to read each point.$-867$6,075$13,017Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MUD. Periods over one year show the average yearly return.
PeriodMUD
Year to date−98.3%
1 month−2.8%
3 months−12.6%
1 year−99.0%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MUD
YearReturn barMUD
2026 YTD−98.3%
2025−78.7%
2024+25.5%

History from Oct 18, 2024

MUD in the news

Filtered to MUD · Single-Stock Inverse

MUD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
43.85%Last 12 months
Payout per share
$4.27Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 8 payments from 2024 to 2026 YTD. Dec 23, 2024 $13.50; Mar 25, 2025 $22.30; Jun 24, 2025 $20.60; Sep 23, 2025 $7.10; Dec 23, 2025 $3.80; Mar 24, 2026 $0.27; Jun 23, 2026 $0.05; Sep 22, 2026 $0.15. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.15
Jun 23, 2026Jun 30, 2026$0.05
Mar 24, 2026Mar 31, 2026$0.27
Dec 23, 2025Dec 31, 2025$3.80
Sep 23, 2025Sep 30, 2025$7.10
Jun 24, 2025Jul 1, 2025$20.60
Mar 25, 2025Apr 1, 2025$22.30
Dec 23, 2024Dec 31, 2024$13.50

MUD Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
83.2%
Annualised · 23 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−2.32
vs 3-month T-bills · 23 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−99.7%
23 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−3.03
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MUD Cost

Expense ratio1.42%
  • The middle half of Single-Stock Inverse funds
  • Median 1.35%

23 of the 43 Single-Stock Inverse funds charge less.

MUD costs $142.00 a year on $10,000. The median Single-Stock Inverse fund costs $135.00.

Other funds in Single-Stock Inverse