GABF vs. MUU

Last updated Jul 17, 2026

GABF (Gabelli Financial Services Opportunities ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - GABF is a Financials Equities fund actively managed by Gabelli, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). GABF is actively managed, while MUU is passively managed. Over the past year, GABF returned -2.77% vs 2599.25% for MUU. At a 0.25 correlation, their price movements are largely independent. GABF charges 0.10%/yr vs 1.01%/yr for MUU.

Performance

GABF vs. MUU - Performance Comparison

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

Returns By Period

In the year-to-date period, GABF achieves a -0.55% return, which is significantly lower than MUU's 449.17% return.

GABF

• 1D: 0.60%
• 1M: 1.78%
• 6M: -4.09%
• YTD: -0.55%
• 1Y: -2.77%
• 3Y*: 20.28%
• 5Y*: —
• 10Y*: —

MUU

• 1D: -12.02%
• 1M: -37.86%
• 6M: 305.92%
• YTD: 449.17%
• 1Y: 2,599.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GABF vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GABF Gabelli Financial Services Opportunities ETF	-0.55%	3.60%	8.31%
MUU Direxion Daily MU Bull 2X Shares	449.17%	599.03%	-40.91%

Correlation

The correlation between GABF and MUU is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.25

The correlation between GABF and MUU shifts across timeframes, from 0.13 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GABF vs. MUU — Risk / Return Rank

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

GABF

GABF Risk / Return Rank: 8
GABF Sharpe Ratio Rank: 8
GABF Sortino Ratio Rank: 7
GABF Omega Ratio Rank: 7
GABF Calmar Ratio Rank: 8
GABF Martin Ratio Rank: 8

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 95
MUU Calmar Ratio Rank: 99
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.

GABF vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) 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.

	GABF	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	17.30	-17.46
Sortino ratio: Return per unit of downside risk	-0.10	5.00	-5.10
Omega ratio: Gain probability vs. loss probability	0.99	1.63	-0.64
Calmar ratio: Return relative to maximum drawdown	-0.16	47.69	-47.85
Martin ratio: Return relative to average drawdown	-0.36	152.81	-153.17

GABF vs. MUU - Sharpe Ratio Comparison

The current GABF Sharpe Ratio is -0.16, which is lower than the MUU Sharpe Ratio of 17.30. The chart below compares the historical Sharpe Ratios of GABF and MUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GABF vs. MUU - Drawdown Comparison

The maximum GABF drawdown since its inception was -20.86%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for GABF and MUU.

Drawdown Indicators

	GABF	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-75.07%	+54.21%
Max Drawdown (1Y) Largest decline over 1 year	-17.16%	-55.25%	+38.09%
Max Drawdown (3Y) Largest decline over 3 years	-20.86%	—	—
Current Drawdown Current decline from peak	-5.44%	-55.25%	+49.81%
Average Drawdown Average peak-to-trough decline	-4.95%	-23.62%	+18.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.80%	17.31%	-9.51%

Volatility

GABF vs. MUU - Volatility Comparison

The current volatility for Gabelli Financial Services Opportunities ETF (GABF) is 4.48%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 62.52%. This indicates that GABF experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABF	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	62.52%	-58.04%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	125.23%	-111.90%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	152.52%	-135.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.42%	142.32%	-121.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.42%	142.32%	-121.90%

GABF vs. MUU - Expense Ratio Comparison

GABF has a 0.10% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

GABF vs. MUU - Dividend Comparison

GABF's dividend yield for the trailing twelve months is around 1.97%, more than MUU's 1.24% yield.

Position	TTM	2025	2024	2023	2022
GABF Gabelli Financial Services Opportunities ETF	1.97%	1.96%	4.19%	4.95%	1.31%
MUU Direxion Daily MU Bull 2X Shares	1.24%	4.27%	0.31%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GABF and MUU in my portfolio?

GABF and MUU have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GABF or MUU?

MUU has higher volatility (62.52%) compared to GABF (4.48%). In terms of maximum drawdown, GABF dropped -20.86% vs MUU's -75.07%.

Which ETF is better, GABF or MUU?

On 1-year performance, MUU leads with 2599.25% vs -2.77% for GABF. On fees, GABF is cheaper at 0.10% per year. On volatility, GABF has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GABF or MUU?

Over the 1-year period, MUU has performed better with a 2599.25% return vs -2.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GABF or MUU?

GABF is cheaper with a 0.10% expense ratio, compared with 1.01% for MUU.

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

GABF has the higher dividend yield at 1.97%, compared with 1.24% for MUU.

What is the main difference between GABF and MUU?

GABF is categorized as Financials Equities, while MUU is Leveraged Equities. They also come from different issuers: Gabelli and Direxion. Their fees differ too: 0.10% for GABF and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (17.30 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.