AVXX vs. MUU
AVXX (Defiance Daily Target 2X Long AVAV ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. AVXX charges 1.31%/yr vs 1.06%/yr for MUU.
Performance
AVXX vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, AVXX achieves a -52.20% return, which is significantly lower than MUU's 798.37% return.
AVXX
- 1D
- 12.75%
- 1M
- 39.15%
- YTD
- -52.20%
- 6M
- -67.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUU
- 1D
- -15.35%
- 1M
- 121.05%
- YTD
- 798.37%
- 6M
- 1,279.44%
- 1Y
- 5,396.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVXX vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVXX Defiance Daily Target 2X Long AVAV ETF | -52.20% | -63.02% |
MUU Direxion Daily MU Bull 2X Shares | 798.37% | 53.68% |
Correlation
The correlation between AVXX and MUU is -0.01, 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 Oct 27, 2025 | -0.01 |
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Return for Risk
AVXX vs. MUU — Risk / Return Rank
AVXX
MUU
AVXX vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVAV ETF (AVXX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| AVXX | MUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 41.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | 5.91 | -6.52 |
Drawdowns
AVXX vs. MUU - Drawdown Comparison
The maximum AVXX drawdown since its inception was -88.97%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for AVXX and MUU.
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Drawdown Indicators
| AVXX | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.97% | -75.07% | -13.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.72% | — |
Current DrawdownCurrent decline from peak | -82.47% | -15.35% | -67.12% |
Average DrawdownAverage peak-to-trough decline | -61.94% | -23.42% | -38.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.54% | — |
Volatility
AVXX vs. MUU - Volatility Comparison
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Volatility by Period
| AVXX | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 56.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 106.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 153.76% | 132.77% | +20.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 153.76% | 134.14% | +19.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 153.76% | 134.14% | +19.62% |
AVXX vs. MUU - Expense Ratio Comparison
AVXX has a 1.31% expense ratio, which is higher than MUU's 1.06% expense ratio.
Dividends
AVXX vs. MUU - Dividend Comparison
AVXX's dividend yield for the trailing twelve months is around 0.75%, more than MUU's 0.54% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AVXX Defiance Daily Target 2X Long AVAV ETF | 0.75% | 0.36% | 0.00% |
MUU Direxion Daily MU Bull 2X Shares | 0.54% | 4.27% | 0.31% |
Frequently Asked Questions
AVXX and MUU have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MUU is cheaper at 1.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MUU is cheaper with a 1.06% expense ratio, compared with 1.31% for AVXX.
AVXX has the higher dividend yield at 0.75%, compared with 0.54% for MUU.
They also come from different issuers: Defiance ETFs and Direxion. Their fees differ too: 1.31% for AVXX and 1.06% for MUU.
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