AMDG vs. MUU

Last updated Jun 24, 2026

AMDG (Leverage Shares 2X Long AMD Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. AMDG is actively managed, while MUU is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. AMDG charges 0.75%/yr vs 1.01%/yr for MUU.

Performance

AMDG vs. MUU - Performance Comparison

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

Returns By Period

AMDG

• 1D: -11.43%
• 1M: 15.85%
• YTD: 329.09%
• 6M: 325.72%
• 1Y: 826.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDG vs. MUU - Yearly Performance Comparison

	2026 (YTD)
AMDG Leverage Shares 2X Long AMD Daily ETF	-10.88%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between AMDG and MUU is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.90

Return for Risk

AMDG vs. MUU — Risk / Return Rank

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

AMDG

AMDG Risk / Return Rank: 94
AMDG Sharpe Ratio Rank: 99
AMDG Sortino Ratio Rank: 91
AMDG Omega Ratio Rank: 89
AMDG Calmar Ratio Rank: 98
AMDG Martin Ratio Rank: 95

MUU

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

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.

AMDG vs. MUU - Risk-Adjusted Trends Comparison

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

	AMDG	MUU	Difference
Sharpe ratio: Return per unit of total volatility	6.20	—	—
Sortino ratio: Return per unit of downside risk	4.04	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	14.77	—	—
Martin ratio: Return relative to average drawdown	28.66	—	—

Drawdowns

AMDG vs. MUU - Drawdown Comparison

The maximum AMDG drawdown since its inception was -63.32%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for AMDG and MUU.

Drawdown Indicators

	AMDG	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-63.32%	-26.28%	-37.04%
Max Drawdown (1Y) Largest decline over 1 year	-56.48%	—	—
Current Drawdown Current decline from peak	-12.62%	-26.28%	+13.66%
Average Drawdown Average peak-to-trough decline	-25.39%	-10.19%	-15.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.06%	—	—

Volatility

Volatility by Period

	AMDG	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	102.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	134.55%	295.32%	-160.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	132.44%	295.32%	-162.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	132.44%	295.32%	-162.88%

AMDG vs. MUU - Expense Ratio Comparison

AMDG has a 0.75% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

AMDG vs. MUU - Dividend Comparison

AMDG's dividend yield for the trailing twelve months is around 2.61%, while MUU has not paid dividends to shareholders.

Position	TTM	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	2.61%	11.21%
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMDG and MUU in my portfolio?

With a correlation of 0.90, AMDG and MUU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, AMDG or MUU?

On fees, AMDG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMDG or MUU?

AMDG is cheaper with a 0.75% expense ratio, compared with 1.01% for MUU.

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

AMDG has the higher dividend yield at 2.61%, compared with 0.00% for MUU.

What is the main difference between AMDG and MUU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for AMDG and 1.01% for MUU.