FBGX vs. MUU

Last updated Jul 14, 2026

FBGX (UBS AG FI Enhanced Large Cap Growth ETN) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds - FBGX tracks the Russell 1000 Growth Index (200%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. FBGX charges 1.29%/yr vs 1.01%/yr for MUU.

Performance

FBGX vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FBGX

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

MUU

• 1D: -9.01%
• 1M: -18.36%
• 6M: 372.65%
• YTD: 575.80%
• 1Y: 2,796.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FBGX vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	0.00%
MUU Direxion Daily MU Bull 2X Shares	575.80%	599.03%	-40.91%

Return for Risk

FBGX vs. MUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBGX

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

MUU

MUU Risk / Return Rank: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 100
MUU Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBGX vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS AG FI Enhanced Large Cap Growth ETN (FBGX) 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.

	FBGX	MUU	Difference
Sharpe ratio: Return per unit of total volatility	—	23.95	—
Sortino ratio: Return per unit of downside risk	—	5.62	—
Omega ratio: Gain probability vs. loss probability	—	1.69	—
Calmar ratio: Return relative to maximum drawdown	—	66.09	—
Martin ratio: Return relative to average drawdown	—	221.31	—

Drawdowns

Drawdown Indicators

	FBGX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	—	-75.07%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-52.72%	—
Current Drawdown Current decline from peak	—	-36.32%	—
Average Drawdown Average peak-to-trough decline	—	-23.43%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.57%	—

Volatility

Volatility by Period

	FBGX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	67.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	116.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	145.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	138.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	138.10%	—

FBGX vs. MUU - Expense Ratio Comparison

FBGX has a 1.29% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

FBGX vs. MUU - Dividend Comparison

FBGX has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.70%.

Position	TTM	2025	2024
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.70%	4.27%	0.31%

Frequently Asked Questions

Which ETF is better, FBGX 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, FBGX or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.29% for FBGX.

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

MUU has the higher dividend yield at 0.70%, compared with 0.00% for FBGX.

What is the main difference between FBGX and MUU?

FBGX tracks Russell 1000 Growth Index (200%), while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: UBS and Direxion. Their fees differ too: 1.29% for FBGX and 1.01% for MUU.