GMEU vs. MUU

Last updated Jun 26, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. GMEU is actively managed, while MUU is passively managed. At a correlation of -0.25, they often move in opposite directions. GMEU charges 1.50%/yr vs 1.01%/yr for MUU.

Performance

GMEU vs. MUU - Performance Comparison

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

Returns By Period

GMEU

• 1D: -4.67%
• 1M: -11.27%
• YTD: -13.20%
• 6M: -24.66%
• 1Y: -49.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 31.07%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMEU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
GMEU T-Rex 2X Long GME Daily Target ETF	-7.69%
MUU Direxion Daily MU Bull 2X Shares	14.65%

Correlation

The correlation between GMEU and MUU is -0.25, 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	-0.25

Return for Risk

GMEU vs. MUU — Risk / Return Rank

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

GMEU

GMEU Risk / Return Rank: 3
GMEU Sharpe Ratio Rank: 4
GMEU Sortino Ratio Rank: 4
GMEU Omega Ratio Rank: 4
GMEU Calmar Ratio Rank: 2
GMEU Martin Ratio Rank: 3

MUU

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

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.

GMEU vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) 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.

	GMEU	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	—	—
Sortino ratio: Return per unit of downside risk	-0.88	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.85	—	—
Martin ratio: Return relative to average drawdown	-1.34	—	—

Drawdowns

GMEU vs. MUU - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.76%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for GMEU and MUU.

Drawdown Indicators

	GMEU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-80.76%	-26.63%	-54.13%
Max Drawdown (1Y) Largest decline over 1 year	-58.94%	—	—
Current Drawdown Current decline from peak	-80.76%	-3.84%	-76.92%
Average Drawdown Average peak-to-trough decline	-63.80%	-11.62%	-52.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.17%	—	—

Volatility

Volatility by Period

	GMEU	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	55.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	71.14%	307.99%	-236.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.98%	307.99%	-220.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.98%	307.99%	-220.01%

GMEU vs. MUU - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

GMEU vs. MUU - Dividend Comparison

GMEU has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM
GMEU T-Rex 2X Long GME Daily Target ETF	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.17%

Frequently Asked Questions

Can I hold both GMEU and MUU in my portfolio?

GMEU and MUU have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMEU 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, GMEU or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.50% for GMEU.

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

MUU has the higher dividend yield at 0.17%, compared with 0.00% for GMEU.

What is the main difference between GMEU and MUU?

They also come from different issuers: T-Rex and Direxion. Their fees differ too: 1.50% for GMEU and 1.01% for MUU.