BEX vs. MUU
BEX (Tradr 2X Long BE Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. BEX is actively managed, while MUU is passively managed. At a 0.45 correlation, their price movements are largely independent. BEX charges 1.30%/yr vs 1.01%/yr for MUU.
Performance
BEX vs. MUU - Performance Comparison
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Returns By Period
BEX
- 1D
- -27.34%
- 1M
- -54.38%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUU
- 1D
- -12.02%
- 1M
- -37.86%
- 6M
- 305.92%
- YTD
- 449.17%
- 1Y
- 2,599.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BEX vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BEX Tradr 2X Long BE Daily ETF | -65.64% |
MUU Direxion Daily MU Bull 2X Shares | 3.13% |
Correlation
The correlation between BEX and MUU is 0.45, 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 May 26, 2026 | 0.45 |
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Return for Risk
BEX vs. MUU — Risk / Return Rank
BEX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUU
BEX vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long BE Daily ETF (BEX) 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.
| BEX | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.63 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 47.69 | — |
| Martin ratioReturn relative to average drawdown | — | 152.81 | — |
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Drawdowns
BEX vs. MUU - Drawdown Comparison
The maximum BEX drawdown since its inception was -69.03%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for BEX and MUU.
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Drawdown Indicators
| BEX | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.03% | -75.07% | +6.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -55.25% | — |
Current DrawdownCurrent decline from peak | -69.03% | -55.25% | -13.78% |
Average DrawdownAverage peak-to-trough decline | -31.93% | -23.62% | -8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.31% | — |
Volatility
BEX vs. MUU - Volatility Comparison
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Volatility by Period
| BEX | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 62.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 125.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 227.40% | 152.52% | +74.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 227.40% | 142.32% | +85.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 227.40% | 142.32% | +85.08% |
BEX vs. MUU - Expense Ratio Comparison
BEX has a 1.30% expense ratio, which is higher than MUU's 1.01% expense ratio.
Dividends
BEX vs. MUU - Dividend Comparison
BEX has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 1.24%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BEX Tradr 2X Long BE Daily ETF | 0.00% | 0.00% | 0.00% |
MUU Direxion Daily MU Bull 2X Shares | 1.24% | 4.27% | 0.31% |
Frequently Asked Questions
BEX and MUU have a correlation of 0.45, 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 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MUU is cheaper with a 1.01% expense ratio, compared with 1.30% for BEX.
MUU has the higher dividend yield at 1.24%, compared with 0.00% for BEX.
They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for BEX and 1.01% for MUU.
Find the right allocation for BEX and MUU
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