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Direxion Daily MU Bear 1X ETF

MUDNasdaqDirexionBThis 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.

$11.32+0.63 (+5.89%)

At close: Nov 2, 2026, 4:00 PM ET

B60/ 100

Rank 20 of 58 in Single-Stock Inverse

B60/100Rank 20 of 58inSingle-Stock Inverse
Intraday session: up, 79 prints from 10.69 to 11.32. Range 10.68 to 11.36. Use the arrow keys to read each point.10.8010.9011.0011.1011.2010 AM12 PM2 PM4 PM
Expense ratio
1.02%*
Fund size
$32M
1Y total return
−98.6%
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
12.4M sh
52W range
low $8.73high $900.60
Launched

*After a fee waiver that ends Sep 1, 2027. Without it: 1.42%.

The ETF.net MUD Grade

Based on 4 of 6 pillars

B

Score 60 out of 100

Category
Single-Stock Inverse⁠
Rank
20 of 58
Six-pillar profile for MUD. Scores out of 100: Cost 78, Risk 16, Mission not scored, Tradability 66, Holdings not scored, Durability 73. Strongest: Cost (78). Weakest: Risk (16). Based on 4 of 6 pillars.

Score 60 of 100 falls in the B 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.
    A78 out of 100
    Rank 10 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.
    F16 out of 100
    Rank 52 of 54

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B66 out of 100
    Rank 14 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.
    A73 out of 100
    Rank 6 of 58

MUD Holdings

Asset class
Stocks
Holdings
4
Top-10 weight
1172%
Largest holding
Dreyfus Govt Cash Man Ins914.3%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataDreyfus Govt Cash Man Ins914.27%27,339,266$27.3M105
2No dataGoldman Sachs Fin Gov 465 Institut167.21%5,000,001$5M69
3No dataGoldman Finl Sq Trsry Inst 50648.64%1,454,445$1.45M95
4No dataDreyfus Trsry Securities Cash Mgmt42.38%1,267,273$1.27M77

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$137
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MUD $137. SPY $11,199. Use the arrow keys to read each point.$0$5,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−98.1%
1 month+17.9%
3 months−12.1%
1 year−98.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−98.1%

MUD in the news

MUD Dividends

Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Mar 24, 2026 $0.27; Jun 23, 2026 $0.05; Sep 22, 2026 $0.15. Use the arrow keys to read each point.2026YTD
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, 2025No data
Sep 23, 2025Sep 30, 2025No data
Jun 24, 2025Jul 1, 2025No data
Mar 25, 2025Apr 1, 2025No data
Dec 23, 2024Dec 31, 2024No data

MUD Risk

Risk pillarF16 out of 100Rank 52 of 54 in Single-Stock Inverse

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.
84.7%
Annualised · 24 months to Oct 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.
−2.10
vs 3-month T-bills · 24 months to Oct 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%
24 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.

FMP measures it over up to five years of monthly returns.

MUD Cost

Compare MUD and SKHZ

Overpaying vs SKHZ, cheapest in Single-Stock Inverse

$4,530

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MUD 1.02%

    $19,012

  • SKHZ 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • MUD 1.02%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MUD $19,012SKHZ $14,482

Year by year

YearMUDSKHZOverpaying
10$1,797$1,336$461
20$6,746$5,078$1,668
30$19,012$14,482$4,530
How the 1.02% is worked out

Full fee 1.42%− waiver 0.40%= you pay 1.02%

The waiver ends Sep 1, 2027. After that the fee is 1.42% unless Direxion renews it. Source: prospectus, Mar 2026.

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