AALG vs. MUU

Last updated Jun 25, 2026

AALG (Leverage Shares 2X Long AAL Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. AALG is actively managed, while MUU is passively managed. At a correlation of -0.03, they often move in opposite directions. AALG charges 0.78%/yr vs 1.01%/yr for MUU.

Performance

AALG vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long AAL Daily ETF (AALG) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AALG

• 1D: 15.81%
• 1M: 52.87%
• YTD: 8.10%
• 6M: 3.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -0.64%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AALG vs. MUU - Yearly Performance Comparison

	2026 (YTD)
AALG Leverage Shares 2X Long AAL Daily ETF	25.45%
MUU Direxion Daily MU Bull 2X Shares	-12.53%

Correlation

The correlation between AALG and MUU is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	-0.03

Return for Risk

AALG vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AAL Daily ETF (AALG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

AALG vs. MUU - Drawdown Comparison

The maximum AALG drawdown since its inception was -64.19%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for AALG and MUU.

Drawdown Indicators

	AALG	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-64.19%	-26.63%	-37.56%
Current Drawdown Current decline from peak	-4.39%	-26.63%	+22.24%
Average Drawdown Average peak-to-trough decline	-25.48%	-12.91%	-12.57%

Volatility

Volatility by Period

	AALG	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	96.92%	263.57%	-166.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.92%	263.57%	-166.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.92%	263.57%	-166.65%

AALG vs. MUU - Expense Ratio Comparison

AALG has a 0.78% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

AALG vs. MUU - Dividend Comparison

AALG's dividend yield for the trailing twelve months is around 1.44%, more than MUU's 0.23% yield.

Position	TTM	2025
AALG Leverage Shares 2X Long AAL Daily ETF	1.44%	1.56%
MUU Direxion Daily MU Bull 2X Shares	0.23%	0.00%

Frequently Asked Questions

Can I hold both AALG and MUU in my portfolio?

AALG and MUU have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AALG or MUU?

On fees, AALG is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AALG or MUU?

AALG is cheaper with a 0.78% expense ratio, compared with 1.01% for MUU.

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

AALG has the higher dividend yield at 1.44%, compared with 0.23% for MUU.

What is the main difference between AALG and MUU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.78% for AALG and 1.01% for MUU.