AXTX vs. MUU

Last updated Jun 24, 2026

AXTX (Tradr 2X Long AXTI Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds - AXTX tracks the AXT, Inc. (AXTI) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. AXTX charges 1.49%/yr vs 1.01%/yr for MUU.

Performance

AXTX vs. MUU - Performance Comparison

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

Returns By Period

AXTX

• 1D: -31.94%
• 1M: -76.31%
• YTD: —
• 6M: —
• 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)

AXTX vs. MUU - Yearly Performance Comparison

	2026 (YTD)
AXTX Tradr 2X Long AXTI Daily ETF	-55.29%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between AXTX 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

AXTX vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long AXTI Daily ETF (AXTX) 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

AXTX vs. MUU - Drawdown Comparison

The maximum AXTX drawdown since its inception was -76.31%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for AXTX and MUU.

Drawdown Indicators

	AXTX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-76.31%	-26.28%	-50.03%
Current Drawdown Current decline from peak	-76.31%	-26.28%	-50.03%
Average Drawdown Average peak-to-trough decline	-30.84%	-10.19%	-20.65%

Volatility

Volatility by Period

	AXTX	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	300.45%	295.32%	+5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	300.45%	295.32%	+5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	300.45%	295.32%	+5.13%

AXTX vs. MUU - Expense Ratio Comparison

AXTX has a 1.49% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

AXTX vs. MUU - Dividend Comparison

Neither AXTX nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AXTX and MUU in my portfolio?

AXTX 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, AXTX 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, AXTX or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.49% for AXTX.

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

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

What is the main difference between AXTX and MUU?

AXTX tracks AXT, Inc. (AXTI), while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for AXTX and 1.01% for MUU.