MUD vs SPY
Direxion Daily MU Bear 1X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MUD or SPY?
Opposite sides of the same exposure.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two move opposite each other, correlation -0.60, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MUD | SPY |
|---|---|---|
| Expense Ratio | 1.02% | 0.09%Best |
| AUM | $29M | $804.7B |
| Dividend Yield | 13.54% | 0.98% |
| Holdings | 9 | 505 |
| YTD Return | -81.23% | +12.09%Best |
| 1Y Return | -90.98% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 66.2% | 12.8%Best |
| Max Drawdown | -97.0% | -18.8%Best |
| $10,000 over 1.9 years | $457 | $13,412Best |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Oct 10, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 10, 2024 to Sep 18, 2026 (1.9 years).
MUD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
MUD vs SPY Performance
Direxion Daily MU Bear 1X ETF (MUD) is an ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MUD returned -90.98% while SPY returned +16.29%. Year to date, MUD is down 81.23% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MUD has been the more volatile fund, with annualized monthly volatility of 66.2% compared with 12.8% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -97.0% for MUD and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.60. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
MUD charges 1.02% per year while SPY charges 0.09%. On a $10,000 position that is $102 vs $9 annually, a gap of $93 per year that compounds over a long holding period. On income, MUD currently yields 13.54% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 3 holdings in MUD and 504 in SPY, totalling 119.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in MUD and 504 in SPY, against full books of 9 and 505.
You are not choosing between two funds in isolation.
Whichever of MUD and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MUD or SPY?
MUD has an expense ratio of 1.02% while SPY charges 0.09%. SPY is the cheaper option, by $93 a year on a $10,000 investment.
Which performed better, MUD or SPY?
Over the past year MUD returned -90.98% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), MUD annualized -80.30% vs +16.71% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MUD or SPY?
MUD has been the more volatile fund at 66.2% annualized versus 12.8% for SPY. Worst drawdown: MUD -97.0% vs SPY -18.8%.
Should I hold both MUD and SPY?
MUD and SPY have a monthly-return correlation of -0.60, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, MUD or SPY?
MUD yields 13.54% while SPY yields 0.98%, so MUD currently pays the higher dividend yield.
Is SPY better than MUD?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two move opposite each other, correlation -0.60, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.