KTUP vs. MUU

Last updated Jun 24, 2026

KTUP (T-Rex 2X Long KTOS Daily Target ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. KTUP is actively managed, while MUU is passively managed. At a correlation of -0.60, they often move in opposite directions. KTUP charges 1.50%/yr vs 1.01%/yr for MUU.

Performance

KTUP vs. MUU - Performance Comparison

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

Returns By Period

KTUP

• 1D: -1.16%
• 1M: -23.79%
• YTD: -70.54%
• 6M: -74.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KTUP vs. MUU - Yearly Performance Comparison

	2026 (YTD)
KTUP T-Rex 2X Long KTOS Daily Target ETF	-21.27%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between KTUP and MUU is -0.60, 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	-0.60

Return for Risk

KTUP vs. MUU - Risk-Adjusted Trends Comparison

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

KTUP vs. MUU - Drawdown Comparison

The maximum KTUP drawdown since its inception was -89.57%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for KTUP and MUU.

Drawdown Indicators

	KTUP	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-89.57%	-26.28%	-63.29%
Current Drawdown Current decline from peak	-89.57%	-26.28%	-63.29%
Average Drawdown Average peak-to-trough decline	-53.18%	-10.19%	-42.99%

Volatility

Volatility by Period

	KTUP	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	152.80%	295.32%	-142.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	152.80%	295.32%	-142.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	152.80%	295.32%	-142.52%

KTUP vs. MUU - Expense Ratio Comparison

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

Dividends

KTUP vs. MUU - Dividend Comparison

KTUP's dividend yield for the trailing twelve months is around 7.23%, while MUU has not paid dividends to shareholders.

Position	TTM	2025
KTUP T-Rex 2X Long KTOS Daily Target ETF	7.23%	2.13%
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%

Frequently Asked Questions

Can I hold both KTUP and MUU in my portfolio?

KTUP and MUU have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KTUP 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, KTUP or MUU?

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

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

KTUP has the higher dividend yield at 7.23%, compared with 0.00% for MUU.

What is the main difference between KTUP and MUU?

They also come from different issuers: Tuttle Capital Management and Direxion. Their fees differ too: 1.50% for KTUP and 1.01% for MUU.