IBTI vs. MUU
IBTI (iShares iBonds Dec 2028 Term Treasury ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - IBTI is a Government Bonds fund tracking the ICE 2028 Maturity US Treasury Index, while MUU is a Leveraged Equities fund actively managed by Direxion. IBTI is passively managed, while MUU is actively managed. Over the past year, IBTI returned 3.59% vs 6522.95% for MUU. At a correlation of -0.12, they often move in opposite directions. IBTI charges 0.07%/yr vs 1.06%/yr for MUU.
Performance
IBTI vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, IBTI achieves a 0.31% return, which is significantly lower than MUU's 961.23% return.
IBTI
- 1D
- -0.05%
- 1M
- 0.05%
- YTD
- 0.31%
- 6M
- 0.52%
- 1Y
- 3.59%
- 3Y*
- 3.72%
- 5Y*
- 0.19%
- 10Y*
- —
MUU
- 1D
- 3.08%
- 1M
- 218.90%
- YTD
- 961.23%
- 6M
- 1,422.01%
- 1Y
- 6,522.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTI vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 0.31% | 6.15% | -0.41% |
MUU Direxion Daily MU Bull 2X Shares | 961.23% | 599.03% | -43.09% |
Correlation
The correlation between IBTI and MUU is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024 | -0.12 |
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Return for Risk
IBTI vs. MUU — Risk / Return Rank
IBTI
MUU
IBTI vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Treasury ETF (IBTI) 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.
| IBTI | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -48.35 | ||
| Sortino ratioReturn per unit of downside risk | -3.80 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.91 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 125.85 | -122.57 |
| Martin ratioReturn relative to average drawdown | 11.08 | 426.84 | -415.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBTI | MUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 50.40 | -48.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 6.68 | -6.64 |
Drawdowns
IBTI vs. MUU - Drawdown Comparison
The maximum IBTI drawdown since its inception was -18.45%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for IBTI and MUU.
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Drawdown Indicators
| IBTI | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.45% | -75.07% | +56.62% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -52.72% | +51.62% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | — | — |
Current DrawdownCurrent decline from peak | -3.91% | 0.00% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -23.44% | +15.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 15.51% | -15.19% |
Volatility
IBTI vs. MUU - Volatility Comparison
The current volatility for iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is 0.37%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 54.78%. This indicates that IBTI 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.
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Volatility by Period
| IBTI | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 54.78% | -54.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 105.07% | -104.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.76% | 131.77% | -130.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 133.67% | -128.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.17% | 133.67% | -128.50% |
IBTI vs. MUU - Expense Ratio Comparison
IBTI has a 0.07% expense ratio, which is lower than MUU's 1.06% expense ratio.
Dividends
IBTI vs. MUU - Dividend Comparison
IBTI's dividend yield for the trailing twelve months is around 3.81%, more than MUU's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 3.81% | 3.87% | 3.92% | 3.27% | 1.70% | 0.90% | 0.56% |
MUU Direxion Daily MU Bull 2X Shares | 0.46% | 4.27% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTI and MUU have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUU has higher volatility (54.78%) compared to IBTI (0.37%). In terms of maximum drawdown, IBTI dropped -18.45% vs MUU's -75.07%.
On 1-year performance, MUU leads with 6522.95% vs 3.59% for IBTI. On fees, IBTI is cheaper at 0.07% per year. On volatility, IBTI has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MUU has performed better with a 6522.95% return vs 3.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTI is cheaper with a 0.07% expense ratio, compared with 1.06% for MUU.
IBTI has the higher dividend yield at 3.81%, compared with 0.46% for MUU.
IBTI is categorized as Government Bonds, while MUU is Leveraged Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.07% for IBTI and 1.06% for MUU.
MUU currently has the higher Sharpe Ratio (50.40 vs 2.05), 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.
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