LABX vs. MUU

Last updated Jul 11, 2026

LABX (Tradr 2X Long ALAB Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. LABX is actively managed, while MUU is passively managed. At a 0.39 correlation, their price movements are largely independent. LABX charges 1.30%/yr vs 1.01%/yr for MUU.

Performance

LABX vs. MUU - Performance Comparison

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

Returns By Period

In the year-to-date period, LABX achieves a 236.94% return, which is significantly lower than MUU's 642.75% return.

LABX

• 1D: -2.36%
• 1M: 13.48%
• 6M: 260.99%
• YTD: 236.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -2.52%
• 1M: -13.00%
• 6M: 421.21%
• YTD: 642.75%
• 1Y: 3,083.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LABX vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025
LABX Tradr 2X Long ALAB Daily ETF	236.94%	-42.53%
MUU Direxion Daily MU Bull 2X Shares	642.75%	345.20%

Correlation

The correlation between LABX and MUU is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	0.39

Return for Risk

LABX vs. MUU — Risk / Return Rank

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

LABX

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

MUU

MUU Risk / Return Rank: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 97
MUU Calmar Ratio Rank: 100
MUU Martin Ratio Rank: 99

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.

LABX vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ALAB Daily ETF (LABX) 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.

	LABX	MUU	Difference
Sharpe ratio: Return per unit of total volatility	—	27.27	—
Sortino ratio: Return per unit of downside risk	—	5.80	—
Omega ratio: Gain probability vs. loss probability	—	1.72	—
Calmar ratio: Return relative to maximum drawdown	—	75.03	—
Martin ratio: Return relative to average drawdown	—	245.78	—

Drawdowns

LABX vs. MUU - Drawdown Comparison

The maximum LABX drawdown since its inception was -90.93%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for LABX and MUU.

Drawdown Indicators

	LABX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-90.93%	-75.07%	-15.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.72%	—
Current Drawdown Current decline from peak	-30.24%	-30.01%	-0.23%
Average Drawdown Average peak-to-trough decline	-52.77%	-23.40%	-29.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.41%	—

Volatility

Volatility by Period

	LABX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	67.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	116.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	191.69%	145.04%	+46.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.69%	138.03%	+53.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.69%	138.03%	+53.66%

LABX vs. MUU - Expense Ratio Comparison

LABX has a 1.30% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

LABX vs. MUU - Dividend Comparison

LABX has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.64%.

Position	TTM	2025	2024
LABX Tradr 2X Long ALAB Daily ETF	0.00%	0.00%	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.64%	4.27%	0.31%

Frequently Asked Questions

Can I hold both LABX and MUU in my portfolio?

LABX and MUU have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LABX 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, LABX or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.30% for LABX.

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

MUU has the higher dividend yield at 0.64%, compared with 0.00% for LABX.

What is the main difference between LABX and MUU?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for LABX and 1.01% for MUU.