DNNG vs. MUU

Last updated Jun 25, 2026

DNNG (Leverage Shares 2X Long DNN Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds - DNNG tracks the Denison Mines Corp. (DNN) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. At a correlation of -0.14, they often move in opposite directions. DNNG charges 0.75%/yr vs 1.01%/yr for MUU.

Performance

DNNG vs. MUU - Performance Comparison

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

Returns By Period

DNNG

• 1D: -6.12%
• 1M: -9.26%
• YTD: —
• 6M: —
• 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)

DNNG vs. MUU - Yearly Performance Comparison

	2026 (YTD)
DNNG Leverage Shares 2X Long DNN Daily ETF	-9.74%
MUU Direxion Daily MU Bull 2X Shares	-12.53%

Correlation

The correlation between DNNG and MUU is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	-0.14

Return for Risk

DNNG vs. MUU - Risk-Adjusted Trends Comparison

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

DNNG vs. MUU - Drawdown Comparison

The maximum DNNG drawdown since its inception was -65.39%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for DNNG and MUU.

Drawdown Indicators

	DNNG	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-65.39%	-26.63%	-38.76%
Current Drawdown Current decline from peak	-57.29%	-26.63%	-30.66%
Average Drawdown Average peak-to-trough decline	-34.10%	-12.91%	-21.19%

Volatility

Volatility by Period

	DNNG	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	118.09%	263.57%	-145.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.09%	263.57%	-145.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.09%	263.57%	-145.48%

DNNG vs. MUU - Expense Ratio Comparison

DNNG has a 0.75% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

DNNG vs. MUU - Dividend Comparison

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

Position	TTM
DNNG Leverage Shares 2X Long DNN Daily ETF	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.23%

Frequently Asked Questions

Can I hold both DNNG and MUU in my portfolio?

DNNG and MUU have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DNNG or MUU?

On fees, DNNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DNNG or MUU?

DNNG is cheaper with a 0.75% expense ratio, compared with 1.01% for MUU.

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

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

What is the main difference between DNNG and MUU?

DNNG tracks Denison Mines Corp. (DNN), while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for DNNG and 1.01% for MUU.