BAIG vs. MUU

Last updated Jun 5, 2026

BAIG (Leverage Shares 2X Long BBAI Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. BAIG charges 0.78%/yr vs 1.06%/yr for MUU.

Performance

BAIG vs. MUU - Performance Comparison

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

Returns By Period

In the year-to-date period, BAIG achieves a -47.34% return, which is significantly lower than MUU's 798.37% return.

BAIG

• 1D: -4.26%
• 1M: 22.11%
• YTD: -47.34%
• 6M: -70.71%
• 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*: —

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

BAIG vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025
BAIG Leverage Shares 2X Long BBAI Daily ETF	-47.34%	-36.35%
MUU Direxion Daily MU Bull 2X Shares	798.37%	413.96%

Correlation

The correlation between BAIG and MUU is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	0.28

Return for Risk

BAIG vs. MUU — Risk / Return Rank

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

MUU

MUU Risk / Return Rank: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 98
MUU Omega Ratio Rank: 97
MUU Calmar Ratio Rank: 100
MUU Martin Ratio Rank: 100

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.

BAIG vs. MUU - Risk-Adjusted Trends Comparison

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

Sharpe Ratios by Period

	BAIG	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	-0.42	5.91	-6.33

Drawdowns

BAIG vs. MUU - Drawdown Comparison

The maximum BAIG drawdown since its inception was -92.86%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for BAIG and MUU.

Drawdown Indicators

	BAIG	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-92.86%	-75.07%	-17.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.72%	—
Current Drawdown Current decline from peak	-85.26%	-15.35%	-69.91%
Average Drawdown Average peak-to-trough decline	-63.01%	-23.42%	-39.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.54%	—

Volatility

Volatility by Period

	BAIG	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	180.08%	132.77%	+47.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	180.08%	134.14%	+45.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	180.08%	134.14%	+45.94%

BAIG vs. MUU - Expense Ratio Comparison

BAIG has a 0.78% expense ratio, which is lower than MUU's 1.06% expense ratio.

Dividends

BAIG vs. MUU - Dividend Comparison

BAIG's dividend yield for the trailing twelve months is around 10.38%, more than MUU's 0.54% yield.

Position	TTM	2025	2024
BAIG Leverage Shares 2X Long BBAI Daily ETF	10.38%	5.46%	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.54%	4.27%	0.31%

Frequently Asked Questions

Can I hold both BAIG and MUU in my portfolio?

BAIG and MUU have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BAIG or MUU?

On fees, BAIG is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BAIG or MUU?

BAIG is cheaper with a 0.78% expense ratio, compared with 1.06% for MUU.

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

BAIG has the higher dividend yield at 10.38%, compared with 0.54% for MUU.

What is the main difference between BAIG and MUU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.78% for BAIG and 1.06% for MUU.