ADBG vs. MUU

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 2X Long ADBE Daily ETF (ADBG) and Direxion Daily MU Bull 2X Shares (MUU).

ADBG and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ADBG is an actively managed fund by Leverage Shares. It was launched on Mar 20, 2025. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.

Performance

ADBG vs. MUU - Performance Comparison

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

ADBG vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	-55.77%	-30.89%
MUU Direxion Daily MU Bull 2X Shares	41.27%	521.13%

Returns By Period

In the year-to-date period, ADBG achieves a -55.77% return, which is significantly lower than MUU's 41.27% return.

ADBG

• 1D: -1.53%
• 1M: -16.76%
• YTD: -55.77%
• 6M: -56.37%
• 1Y: -68.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 17.77%
• 1M: -25.73%
• YTD: 41.27%
• 6M: 205.92%
• 1Y: 904.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ADBG vs. MUU - Expense Ratio Comparison

ADBG has a 0.75% expense ratio, which is lower than MUU's 1.06% expense ratio.

MUU

Direxion Daily MU Bull 2X Shares

ADBG

Leverage Shares 2X Long ADBE Daily ETF

Return for Risk

ADBG vs. MUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADBG

ADBG Risk / Return Rank: 0
ADBG Sharpe Ratio Rank: 0
ADBG Sortino Ratio Rank: 0
ADBG Omega Ratio Rank: 0
ADBG Calmar Ratio Rank: 0
ADBG Martin Ratio Rank: 1

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 99
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 99
MUU Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADBG vs. MUU - Risk-Adjusted Trends Comparison

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

	ADBG	MUU	Difference
Sharpe ratio Return per unit of total volatility	-1.11	7.00	-8.11
Sortino ratio Return per unit of downside risk	-1.93	3.86	-5.79
Omega ratio Gain probability vs. loss probability	0.76	1.52	-0.76
Calmar ratio Return relative to maximum drawdown	-0.92	17.99	-18.91
Martin ratio Return relative to average drawdown	-1.66	50.69	-52.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADBG vs. MUU - Sharpe Ratio Comparison

The current ADBG Sharpe Ratio is -1.11, which is lower than the MUU Sharpe Ratio of 7.00. The chart below compares the historical Sharpe Ratios of ADBG and MUU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ADBG	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.11	7.00	-8.11
Sharpe Ratio (All Time) Calculated using the full available price history	-1.11	1.77	-2.88

Correlation

The correlation between ADBG and MUU is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ADBG vs. MUU - Dividend Comparison

ADBG has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 3.42%.

	TTM	2025	2024
ADBG Leverage Shares 2X Long ADBE Daily ETF	0.00%	0.00%	0.00%
MUU Direxion Daily MU Bull 2X Shares	3.42%	4.27%	0.31%

Drawdowns

ADBG vs. MUU - Drawdown Comparison

The maximum ADBG drawdown since its inception was -74.57%, roughly equal to the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for ADBG and MUU.

Drawdown Indicators

	ADBG	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-74.57%	-75.07%	+0.50%
Max Drawdown (1Y) Largest decline over 1 year	-74.57%	-52.72%	-21.85%
Current Drawdown Current decline from peak	-73.14%	-38.92%	-34.22%
Average Drawdown Average peak-to-trough decline	-36.46%	-25.08%	-11.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.47%	18.71%	+22.76%

Volatility

ADBG vs. MUU - Volatility Comparison

The current volatility for Leverage Shares 2X Long ADBE Daily ETF (ADBG) is 23.19%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 47.51%. This indicates that ADBG experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADBG	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.19%	47.51%	-24.32%
Volatility (6M) Calculated over the trailing 6-month period	47.86%	99.28%	-51.42%
Volatility (1Y) Calculated over the trailing 1-year period	61.99%	130.64%	-68.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.84%	127.68%	-65.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.84%	127.68%	-65.84%