HQU.TO vs. MUU

Last updated Apr 1, 2026

Compare and contrast key facts about BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) and Direxion Daily MU Bull 2X Shares (MUU).

HQU.TO and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HQU.TO is managed by Global X. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.

Performance

HQU.TO vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

HQU.TO vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	-19.26%	26.77%	5.46%
MUU Direxion Daily MU Bull 2X Shares	21.58%	566.97%	-40.43%

Different Trading Currencies

HQU.TO is traded in CAD, while MUU is traded in USD. To make them comparable, the MUU values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HQU.TO achieves a -19.26% return, which is significantly lower than MUU's 21.58% return.

HQU.TO

• 1D: -1.54%
• 1M: -16.22%
• YTD: -19.26%
• 6M: -17.81%
• 1Y: 25.75%
• 3Y*: 29.55%
• 5Y*: 12.05%
• 10Y*: 25.93%

MUU

• 1D: 9.56%
• 1M: -35.80%
• YTD: 21.58%
• 6M: 205.34%
• 1Y: 760.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HQU.TO vs. MUU - Expense Ratio Comparison

MUU

Direxion Daily MU Bull 2X Shares

Return for Risk

HQU.TO vs. MUU — Risk / Return Rank

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

HQU.TO

HQU.TO Risk / Return Rank: 33
HQU.TO Sharpe Ratio Rank: 30
HQU.TO Sortino Ratio Rank: 37
HQU.TO Omega Ratio Rank: 38
HQU.TO Calmar Ratio Rank: 29
HQU.TO Martin Ratio Rank: 28

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 99
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 99
MUU Martin Ratio Rank: 98

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.

HQU.TO vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) 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.

	HQU.TO	MUU	Difference
Sharpe ratio Return per unit of total volatility	0.58	5.94	-5.36
Sortino ratio Return per unit of downside risk	1.12	3.65	-2.53
Omega ratio Gain probability vs. loss probability	1.16	1.49	-0.33
Calmar ratio Return relative to maximum drawdown	0.73	14.14	-13.41
Martin ratio Return relative to average drawdown	2.41	39.01	-36.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HQU.TO vs. MUU - Sharpe Ratio Comparison

The current HQU.TO Sharpe Ratio is 0.58, which is lower than the MUU Sharpe Ratio of 5.94. The chart below compares the historical Sharpe Ratios of HQU.TO and MUU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HQU.TO	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	5.94	-5.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	1.54	-1.50

Correlation

The correlation between HQU.TO and MUU is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HQU.TO vs. MUU - Dividend Comparison

HQU.TO has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 4.03%.

	TTM	2025	2024
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	0.00%	0.00%	0.00%
MUU Direxion Daily MU Bull 2X Shares	4.03%	4.27%	0.31%

Drawdowns

HQU.TO vs. MUU - Drawdown Comparison

The maximum HQU.TO drawdown since its inception was -95.76%, which is greater than MUU's maximum drawdown of -74.84%. Use the drawdown chart below to compare losses from any high point for HQU.TO and MUU.

Drawdown Indicators

	HQU.TO	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-95.76%	-75.07%	-20.69%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	-52.72%	+26.87%
Max Drawdown (5Y) Largest decline over 5 years	-64.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.83%	—	—
Current Drawdown Current decline from peak	-25.85%	-48.14%	+22.29%
Average Drawdown Average peak-to-trough decline	-55.80%	-25.05%	-30.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.85%	18.55%	-10.70%

Volatility

HQU.TO vs. MUU - Volatility Comparison

The current volatility for BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) is 11.02%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 46.80%. This indicates that HQU.TO 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

	HQU.TO	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.02%	46.80%	-35.78%
Volatility (6M) Calculated over the trailing 6-month period	24.66%	97.96%	-73.30%
Volatility (1Y) Calculated over the trailing 1-year period	44.35%	129.43%	-85.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.83%	126.59%	-81.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.72%	126.59%	-81.87%