ANEL vs. MUU

Last updated Jun 23, 2026

ANEL (Defiance Daily Target 2X Long ANET ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. ANEL is actively managed, while MUU is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. ANEL charges 1.31%/yr vs 1.01%/yr for MUU.

Performance

ANEL vs. MUU - Performance Comparison

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

Returns By Period

ANEL

• 1D: 5.79%
• 1M: 23.66%
• YTD: 41.03%
• 6M: 41.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 14.03%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ANEL vs. MUU - Yearly Performance Comparison

	2026 (YTD)
ANEL Defiance Daily Target 2X Long ANET ETF	6.04%
MUU Direxion Daily MU Bull 2X Shares	19.23%

Correlation

The correlation between ANEL and MUU is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.60

Return for Risk

ANEL vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ANET ETF (ANEL) 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

ANEL vs. MUU - Drawdown Comparison

The maximum ANEL drawdown since its inception was -56.57%, which is greater than MUU's maximum drawdown of -14.14%. Use the drawdown chart below to compare losses from any high point for ANEL and MUU.

Drawdown Indicators

	ANEL	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-14.14%	-42.43%
Current Drawdown Current decline from peak	-12.80%	0.00%	-12.80%
Average Drawdown Average peak-to-trough decline	-28.50%	-6.17%	-22.33%

Volatility

Volatility by Period

	ANEL	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	107.06%	222.50%	-115.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.06%	222.50%	-115.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.06%	222.50%	-115.44%

ANEL vs. MUU - Expense Ratio Comparison

ANEL has a 1.31% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

ANEL vs. MUU - Dividend Comparison

Neither ANEL nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ANEL and MUU in my portfolio?

ANEL and MUU have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ANEL or MUU?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ANEL or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.31% for ANEL.

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

ANEL and MUU have nearly identical dividend yields, around 0.00%.

What is the main difference between ANEL and MUU?

They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for ANEL and 1.01% for MUU.