CLSX vs. MUU

Last updated Jun 25, 2026

CLSX (Tradr 2X Long CLSK Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. CLSX is actively managed, while MUU is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. CLSX charges 1.30%/yr vs 1.01%/yr for MUU.

Performance

CLSX vs. MUU - Performance Comparison

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

Returns By Period

CLSX

• 1D: -11.28%
• 1M: -2.59%
• YTD: 60.09%
• 6M: 24.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -0.64%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLSX vs. MUU - Yearly Performance Comparison

	2026 (YTD)
CLSX Tradr 2X Long CLSK Daily ETF	-11.52%
MUU Direxion Daily MU Bull 2X Shares	-12.53%

Correlation

The correlation between CLSX and MUU is 0.54, 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	0.54

Return for Risk

CLSX vs. MUU - Risk-Adjusted Trends Comparison

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

CLSX vs. MUU - Drawdown Comparison

The maximum CLSX drawdown since its inception was -93.16%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for CLSX and MUU.

Drawdown Indicators

	CLSX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-93.16%	-26.63%	-66.53%
Current Drawdown Current decline from peak	-77.32%	-26.63%	-50.69%
Average Drawdown Average peak-to-trough decline	-69.47%	-12.91%	-56.56%

Volatility

Volatility by Period

	CLSX	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	190.49%	263.57%	-73.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	190.49%	263.57%	-73.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	190.49%	263.57%	-73.08%

CLSX vs. MUU - Expense Ratio Comparison

CLSX has a 1.30% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

CLSX vs. MUU - Dividend Comparison

CLSX has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM
CLSX Tradr 2X Long CLSK Daily ETF	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.23%

Frequently Asked Questions

Can I hold both CLSX and MUU in my portfolio?

CLSX and MUU have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLSX 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, CLSX or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.30% for CLSX.

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

MUU has the higher dividend yield at 0.23%, compared with 0.00% for CLSX.

What is the main difference between CLSX and MUU?

They also come from different issuers: Tradr ETFs and Direxion. Their fees differ too: 1.30% for CLSX and 1.01% for MUU.