KBDU vs. MUU

Last updated Jun 25, 2026

KBDU (KraneShares 2X Long BIDU Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. KBDU is actively managed, while MUU is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. KBDU charges 1.26%/yr vs 1.01%/yr for MUU.

Performance

KBDU vs. MUU - Performance Comparison

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

Returns By Period

KBDU

• 1D: -4.63%
• 1M: -31.14%
• YTD: -43.24%
• 6M: -36.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -0.64%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBDU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
KBDU KraneShares 2X Long BIDU Daily ETF	-15.27%
MUU Direxion Daily MU Bull 2X Shares	-12.53%

Correlation

The correlation between KBDU and MUU is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.83

Return for Risk

KBDU vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long BIDU Daily ETF (KBDU) 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

KBDU vs. MUU - Drawdown Comparison

The maximum KBDU drawdown since its inception was -62.04%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for KBDU and MUU.

Drawdown Indicators

	KBDU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-62.04%	-26.63%	-35.41%
Current Drawdown Current decline from peak	-62.04%	-26.63%	-35.41%
Average Drawdown Average peak-to-trough decline	-31.20%	-12.91%	-18.29%

Volatility

Volatility by Period

	KBDU	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	102.66%	263.57%	-160.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.66%	263.57%	-160.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.66%	263.57%	-160.91%

KBDU vs. MUU - Expense Ratio Comparison

KBDU has a 1.26% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

KBDU vs. MUU - Dividend Comparison

KBDU has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM
KBDU KraneShares 2X Long BIDU Daily ETF	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.23%

Frequently Asked Questions

Can I hold both KBDU and MUU in my portfolio?

KBDU and MUU have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KBDU 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, KBDU or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.26% for KBDU.

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

MUU has the higher dividend yield at 0.23%, compared with 0.00% for KBDU.

What is the main difference between KBDU and MUU?

They also come from different issuers: KraneShares and Direxion. Their fees differ too: 1.26% for KBDU and 1.01% for MUU.