BLSG vs. MUU
BLSG (Leverage Shares 2X Long BLSH Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. BLSG charges 0.75%/yr vs 1.06%/yr for MUU.
Performance
BLSG vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, BLSG achieves a -58.79% return, which is significantly lower than MUU's 961.23% return.
BLSG
- 1D
- -15.77%
- 1M
- -55.27%
- YTD
- -58.79%
- 6M
- -73.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUU
- 1D
- 3.08%
- 1M
- 218.90%
- YTD
- 961.23%
- 6M
- 1,422.01%
- 1Y
- 6,522.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLSG vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLSG Leverage Shares 2X Long BLSH Daily ETF | -58.79% | -60.00% |
MUU Direxion Daily MU Bull 2X Shares | 961.23% | 52.42% |
Correlation
The correlation between BLSG and MUU is 0.25, 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 Oct 28, 2025 | 0.25 |
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Return for Risk
BLSG vs. MUU — Risk / Return Rank
BLSG
MUU
BLSG vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BLSH Daily ETF (BLSG) 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
| BLSG | MUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 50.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | 6.68 | -7.34 |
Drawdowns
BLSG vs. MUU - Drawdown Comparison
The maximum BLSG drawdown since its inception was -83.67%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for BLSG and MUU.
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Drawdown Indicators
| BLSG | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.67% | -75.07% | -8.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.72% | — |
Current DrawdownCurrent decline from peak | -83.52% | 0.00% | -83.52% |
Average DrawdownAverage peak-to-trough decline | -60.12% | -23.44% | -36.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.51% | — |
Volatility
BLSG vs. MUU - Volatility Comparison
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Volatility by Period
| BLSG | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 54.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 105.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.44% | 131.77% | +13.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.44% | 133.67% | +11.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.44% | 133.67% | +11.77% |
BLSG vs. MUU - Expense Ratio Comparison
BLSG has a 0.75% expense ratio, which is lower than MUU's 1.06% expense ratio.
Dividends
BLSG vs. MUU - Dividend Comparison
BLSG has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.46%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BLSG Leverage Shares 2X Long BLSH Daily ETF | 0.00% | 0.00% | 0.00% |
MUU Direxion Daily MU Bull 2X Shares | 0.46% | 4.27% | 0.31% |
Frequently Asked Questions
BLSG and MUU have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BLSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BLSG is cheaper with a 0.75% expense ratio, compared with 1.06% for MUU.
MUU has the higher dividend yield at 0.46%, compared with 0.00% for BLSG.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for BLSG and 1.06% for MUU.
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