GEVG vs. MUU

Last updated Jun 23, 2026

GEVG (Leverage Shares 2X Long GEV Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. GEVG is actively managed, while MUU is passively managed. At a 0.40 correlation, their price movements are largely independent. GEVG charges 0.75%/yr vs 1.01%/yr for MUU.

Performance

GEVG vs. MUU - Performance Comparison

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

Returns By Period

GEVG

• 1D: 2.47%
• 1M: 13.33%
• YTD: 153.10%
• 6M: 146.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 14.03%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GEVG vs. MUU - Yearly Performance Comparison

	2026 (YTD)
GEVG Leverage Shares 2X Long GEV Daily ETF	30.58%
MUU Direxion Daily MU Bull 2X Shares	19.23%

Correlation

The correlation between GEVG and MUU is 0.40, 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	0.40

Return for Risk

GEVG vs. MUU - Risk-Adjusted Trends Comparison

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

GEVG vs. MUU - Drawdown Comparison

The maximum GEVG drawdown since its inception was -45.50%, which is greater than MUU's maximum drawdown of -14.14%. Use the drawdown chart below to compare losses from any high point for GEVG and MUU.

Drawdown Indicators

	GEVG	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-45.50%	-14.14%	-31.36%
Current Drawdown Current decline from peak	-9.37%	0.00%	-9.37%
Average Drawdown Average peak-to-trough decline	-11.23%	-6.17%	-5.06%

Volatility

Volatility by Period

	GEVG	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	98.59%	222.50%	-123.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.59%	222.50%	-123.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.59%	222.50%	-123.91%

GEVG vs. MUU - Expense Ratio Comparison

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

Dividends

GEVG vs. MUU - Dividend Comparison

Neither GEVG nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GEVG and MUU in my portfolio?

GEVG and MUU have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GEVG or MUU?

On fees, GEVG 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, GEVG or MUU?

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

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

GEVG and MUU have nearly identical dividend yields, around 0.00%.

What is the main difference between GEVG and MUU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for GEVG and 1.01% for MUU.