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Launched

Direxion Daily MU Bull 2X ETF

MUUNasdaqDirexionBThis 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.

$14.76−0.74 (−4.77%)

As of Nov 10, 2026, 11:25 AM ET

B59/ 100

Rank 46 of 367 in Single-Stock Long Leveraged

B59/100Rank 46 of 367inSingle-Stock Long Leveraged
Intraday session: down, 24 prints from 15.50 to 14.76. Range 14.47 to 15.86. Use the arrow keys to read each point.14.5015.0015.2515.7510 AM12 PM2 PM4 PM
Expense ratio
1.01%
Fund size
$1.55B
1Y total return
+311.7%
Yield · Last 12 months
3.48%
Holdings
11
Avg volume · 30D
33.2M sh
52W range
low $2.52high $62.64
Launched

The ETF.net MUU Grade

Based on 5 of 6 pillars

B

Score 59 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
46 of 367
Six-pillar profile for MUU. Scores out of 100: Cost 46, Risk 66, Mission 90, Tradability 70, Holdings not scored, Durability 86. Strongest: Mission (90). Weakest: Cost (46). Based on 5 of 6 pillars.

Score 59 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.
    C46 out of 100
    Rank 199 of 367

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A90 out of 100
    Rank 79 of 143

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B66 out of 100
    Rank 89 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A70 out of 100
    Rank 81 of 367

  • 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.
    A86 out of 100
    Rank 4 of 367

Our read on MUU

ETF.net Research

In short

BTwo ETFs offer 2x daily Micron. MUU is the cheaper one, and the one that actually trades. The mandate is 200% of Micron's daily share move before fees, with the leverage clock reset every morning.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Micron Technology, Inc.’s common shares.

Why people hold it

  • Same 2x daily Micron exposure as its only twin, MULL, at roughly a third of the cost: 1.01% versus 3.06%.
  • The mandate fits on one line: 200% of Micron's daily share performance, before fees. One stock, one multiple, no manager discretion.direxion.com
  • A multibillion-dollar fund and one of the busier tickers in the single-stock leverage aisle, which matters for a product built to be traded.
  • Day to day it has tracked its 2x target tightly, one of the stronger implementations in a crowded leveraged cohort.

Worth knowing

  • The 2x resets every morning. Hold longer and the result comes from compounded daily moves, which can drift well away from twice Micron's move over the stretch.
  • One company's stock, doubled. There is nothing else in the basket to cushion a bad session.
  • The 1.01% fee sits right at the median for leveraged single-stock funds: far under MULL, above the 0.75% charged by peers like UNHG and ASMG.

MUU 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.
MUU$41,168
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. MUU $41,168. SPY $11,339. Use the arrow keys to read each point.$10,000$50,000$100,000$150,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 MUU. Periods over one year show the average yearly return.
PeriodMUU
Year to date+211.1%
1 month−54.0%
3 months−41.5%
1 year+311.7%
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 MUU
YearReturn barMUU
2026 YTD+211.1%
2025+596.9%
2024−43.1%

Since listing, Oct 10, 2024

MUU in the news

MUU 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 Nov 9, 2026.
3.48%Last 12 months
Payout per share
$0.54Last 12 months
Last payment
$0.20 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. 9 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.0024; Mar 25, 2025 $0.0062; Jun 24, 2025 $0.0052; Sep 23, 2025 $0.0032; Dec 10, 2025 $0.18; Dec 23, 2025 $0.02; Mar 24, 2026 $0.03; Jun 23, 2026 $0.10; Sep 22, 2026 $0.20. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.20
Jun 23, 2026Jun 30, 2026$0.10
Mar 24, 2026Mar 31, 2026$0.03
Dec 23, 2025Dec 31, 2025$0.02
Dec 10, 2025Dec 17, 2025$0.18
Sep 23, 2025Sep 30, 2025$0.0032
Jun 24, 2025Jul 1, 2025$0.0052
Mar 25, 2025Apr 1, 2025$0.0062
Dec 23, 2024Dec 31, 2024$0.0024

$10,000 in MUU 1 year ago paid $1,332 in dividends.

MUU Risk

Risk pillarB66 out of 100Rank 89 of 363 in Single-Stock Long Leveraged

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.
216.8%
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.
1.44
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.
−79.4%
24 months · trough Nov 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.
7.80
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.

MUU Cost

Compare MUU and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$14,695

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

  • MUU 1.01%

    $18,850

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • MUU 1.01%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MUU $18,850GOGL $4,155

Year by year

YearMUUGOGLOverpaying
10$1,780$365$1,415
20$6,686$1,421$5,265
30$18,850$4,155$14,695

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