LMBO vs. MUU

Last updated Jun 5, 2026

LMBO (Direxion Daily Crypto Industry Bull 2X Shares ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion. LMBO is passively managed, while MUU is actively managed. At a 0.44 correlation, their price movements are largely independent. LMBO charges 0.98%/yr vs 1.06%/yr for MUU.

Performance

LMBO vs. MUU - Performance Comparison

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

Returns By Period

LMBO

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

MUU

• 1D: -15.35%
• 1M: 121.05%
• YTD: 798.37%
• 6M: 1,279.44%
• 1Y: 5,396.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LMBO vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LMBO Direxion Daily Crypto Industry Bull 2X Shares ETF	-13.58%	-3.47%	10.33%
MUU Direxion Daily MU Bull 2X Shares	798.37%	599.03%	-43.09%

Correlation

The correlation between LMBO and MUU is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024	0.44

The correlation between LMBO and MUU shifts across timeframes, from 0.29 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LMBO vs. MUU — Risk / Return Rank

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

MUU

MUU Risk / Return Rank: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 98
MUU Omega Ratio Rank: 97
MUU Calmar Ratio Rank: 100
MUU Martin Ratio Rank: 100

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.

LMBO vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Crypto Industry Bull 2X Shares ETF (LMBO) 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.

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

Sharpe Ratios by Period

	LMBO	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	41.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	5.91	—

Drawdowns

Drawdown Indicators

	LMBO	MUU	Difference
Max Drawdown Largest peak-to-trough decline	—	-75.07%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-52.72%	—
Current Drawdown Current decline from peak	—	-15.35%	—
Average Drawdown Average peak-to-trough decline	—	-23.42%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.54%	—

Volatility

Volatility by Period

	LMBO	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	56.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	106.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	132.77%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	134.14%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	134.14%	—

LMBO vs. MUU - Expense Ratio Comparison

LMBO has a 0.98% expense ratio, which is lower than MUU's 1.06% expense ratio.

Dividends

LMBO vs. MUU - Dividend Comparison

LMBO's dividend yield for the trailing twelve months is around 5.30%, more than MUU's 0.54% yield.

Position	TTM	2025	2024
LMBO Direxion Daily Crypto Industry Bull 2X Shares ETF	5.30%	4.71%	0.24%
MUU Direxion Daily MU Bull 2X Shares	0.54%	4.27%	0.31%

Frequently Asked Questions

Can I hold both LMBO and MUU in my portfolio?

LMBO and MUU have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LMBO or MUU?

On fees, LMBO is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LMBO or MUU?

LMBO is cheaper with a 0.98% expense ratio, compared with 1.06% for MUU.

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

LMBO has the higher dividend yield at 5.30%, compared with 0.54% for MUU.

What is the main difference between LMBO and MUU?

Their fees differ too: 0.98% for LMBO and 1.06% for MUU.