AVGU vs. MUU

Last updated Jun 24, 2026

AVGU (GraniteShares 2x Long AVGO Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. AVGU is actively managed, while MUU is passively managed. A 0.50 correlation means they provide meaningful diversification when combined. AVGU charges 1.50%/yr vs 1.01%/yr for MUU.

Performance

AVGU vs. MUU - Performance Comparison

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

Returns By Period

AVGU

• 1D: -6.67%
• 1M: -20.58%
• YTD: 3.14%
• 6M: 0.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

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

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

AVGU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
AVGU GraniteShares 2x Long AVGO Daily ETF	-8.14%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between AVGU and MUU is 0.50, 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	0.50

Return for Risk

AVGU vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AVGO Daily ETF (AVGU) 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

AVGU vs. MUU - Drawdown Comparison

The maximum AVGU drawdown since its inception was -53.30%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for AVGU and MUU.

Drawdown Indicators

	AVGU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-53.30%	-26.28%	-27.02%
Current Drawdown Current decline from peak	-40.82%	-26.28%	-14.54%
Average Drawdown Average peak-to-trough decline	-20.72%	-10.19%	-10.53%

Volatility

Volatility by Period

	AVGU	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	94.75%	295.32%	-200.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.75%	295.32%	-200.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.75%	295.32%	-200.57%

AVGU vs. MUU - Expense Ratio Comparison

AVGU has a 1.50% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

AVGU vs. MUU - Dividend Comparison

Neither AVGU nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AVGU and MUU in my portfolio?

AVGU and MUU have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGU 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, AVGU or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.50% for AVGU.

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

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

What is the main difference between AVGU and MUU?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for AVGU and 1.01% for MUU.