CSEX vs. MUU

Last updated Jun 25, 2026

CSEX (Tradr 2X Long CLS Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. CSEX is actively managed, while MUU is passively managed. At a 0.49 correlation, their price movements are largely independent. CSEX charges 1.30%/yr vs 1.01%/yr for MUU.

Performance

CSEX vs. MUU - Performance Comparison

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

Returns By Period

CSEX

• 1D: 6.05%
• 1M: -10.41%
• YTD: 7.63%
• 6M: -1.68%
• 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)

CSEX vs. MUU - Yearly Performance Comparison

	2026 (YTD)
CSEX Tradr 2X Long CLS Daily ETF	-19.93%
MUU Direxion Daily MU Bull 2X Shares	-12.53%

Correlation

The correlation between CSEX and MUU is 0.49, 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 Jun 16, 2026	0.49

Return for Risk

CSEX vs. MUU - Risk-Adjusted Trends Comparison

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

CSEX vs. MUU - Drawdown Comparison

The maximum CSEX drawdown since its inception was -56.45%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for CSEX and MUU.

Drawdown Indicators

	CSEX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-56.45%	-26.63%	-29.82%
Current Drawdown Current decline from peak	-44.08%	-26.63%	-17.45%
Average Drawdown Average peak-to-trough decline	-28.45%	-12.91%	-15.54%

Volatility

Volatility by Period

	CSEX	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	156.56%	263.57%	-107.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	156.56%	263.57%	-107.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	156.56%	263.57%	-107.01%

CSEX vs. MUU - Expense Ratio Comparison

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

Dividends

CSEX vs. MUU - Dividend Comparison

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

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

Frequently Asked Questions

Can I hold both CSEX and MUU in my portfolio?

CSEX and MUU have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSEX 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, CSEX or MUU?

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

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

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

What is the main difference between CSEX and MUU?

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