ETU vs. EVMU

Last updated Aug 1, 2026

ETU (T-Rex 2X Long Ether Daily Target ETF) and EVMU (Direxion Daily Ether Bull 2X ETF) are both Leveraged Cryptocurrency funds. ETU is actively managed, while EVMU is passively managed. Their 0.99 correlation means they have historically moved very closely together. ETU charges 0.95%/yr vs 1.03%/yr for EVMU.

Performance

ETU vs. EVMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Ether Daily Target ETF (ETU) and Direxion Daily Ether Bull 2X ETF (EVMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ETU

• 1D: -6.16%
• 1M: 17.43%
• 6M: -63.60%
• YTD: -71.52%
• 1Y: -84.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -64.08%

EVMU

• 1D: -5.98%
• 1M: 17.19%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ETU T-Rex 2X Long Ether Daily Target ETF	$268.36K	$336.30K	$484.83K
EVMU Direxion Daily Ether Bull 2X ETF	$67.40K	$109.35K	$113.72K

ETU vs. EVMU - Yearly Performance Comparison

	2026 (YTD)
ETU T-Rex 2X Long Ether Daily Target ETF	-25.81%
EVMU Direxion Daily Ether Bull 2X ETF	-26.13%

Correlation

The correlation between ETU and EVMU is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.99

Return for Risk

ETU vs. EVMU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ETU

ETU Risk / Return Rank: 3
ETU Sharpe Ratio Rank: 4
ETU Sortino Ratio Rank: 3
ETU Omega Ratio Rank: 3
ETU Calmar Ratio Rank: 1
ETU Martin Ratio Rank: 3

EVMU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ETU vs. EVMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Ether Daily Target ETF (ETU) and Direxion Daily Ether Bull 2X ETF (EVMU). 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.

	ETU	EVMU	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	—	—
Sortino ratio: Return per unit of downside risk	-1.14	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.92	—	—
Martin ratio: Return relative to average drawdown	-1.20	—	—

Drawdowns

ETU vs. EVMU - Drawdown Comparison

The maximum ETU drawdown since its inception was -95.01%, which is greater than EVMU's maximum drawdown of -46.73%. Use the drawdown chart below to compare losses from any high point for ETU and EVMU.

Drawdown Indicators

	ETU	EVMU	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-46.73%	-48.28%
Max Drawdown (1Y) Largest decline over 1 year	-93.91%	—	—
Current Drawdown Current decline from peak	-93.07%	-26.13%	-66.94%
Average Drawdown Average peak-to-trough decline	-65.08%	-29.12%	-35.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	71.86%	—	—

Volatility

Volatility by Period

	ETU	EVMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	92.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	134.09%	116.28%	+17.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.54%	116.28%	+27.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.54%	116.28%	+27.26%

ETU vs. EVMU - Expense Ratio Comparison

ETU has a 0.95% expense ratio, which is lower than EVMU's 1.03% expense ratio.

Dividends

ETU vs. EVMU - Dividend Comparison

ETU's dividend yield for the trailing twelve months is around 0.01%, less than EVMU's 0.24% yield.

Position	TTM	2025	2024
ETU T-Rex 2X Long Ether Daily Target ETF	0.01%	0.00%	0.05%
EVMU Direxion Daily Ether Bull 2X ETF	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETU and EVMU in my portfolio?

With a correlation of 0.99, ETU and EVMU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ETU or EVMU?

On fees, ETU is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETU or EVMU?

ETU is cheaper with a 0.95% expense ratio, compared with 1.03% for EVMU.

Which ETF pays a higher dividend yield, ETU or EVMU?

EVMU has the higher dividend yield at 0.24%, compared with 0.01% for ETU.

What is the main difference between ETU and EVMU?

They also come from different issuers: REX Shares and Direxion. Their fees differ too: 0.95% for ETU and 1.03% for EVMU.