LULG vs. MUU

Last updated Jun 23, 2026

LULG (Leverage Shares 2X Long LULU Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. LULG is actively managed, while MUU is passively managed. At a 0.20 correlation, their price movements are largely independent. LULG charges 0.75%/yr vs 1.01%/yr for MUU.

Performance

LULG vs. MUU - Performance Comparison

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

Returns By Period

LULG

• 1D: -11.57%
• 1M: -33.75%
• YTD: -78.27%
• 6M: -79.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 14.03%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LULG vs. MUU - Yearly Performance Comparison

	2026 (YTD)
LULG Leverage Shares 2X Long LULU Daily ETF	-18.28%
MUU Direxion Daily MU Bull 2X Shares	19.23%

Correlation

The correlation between LULG and MUU is 0.20, 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 Jun 16, 2026	0.20

Return for Risk

LULG vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long LULU Daily ETF (LULG) 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

LULG vs. MUU - Drawdown Comparison

The maximum LULG drawdown since its inception was -79.88%, which is greater than MUU's maximum drawdown of -14.14%. Use the drawdown chart below to compare losses from any high point for LULG and MUU.

Drawdown Indicators

	LULG	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-79.88%	-14.14%	-65.74%
Current Drawdown Current decline from peak	-79.88%	0.00%	-79.88%
Average Drawdown Average peak-to-trough decline	-36.43%	-6.17%	-30.26%

Volatility

Volatility by Period

	LULG	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	88.07%	222.50%	-134.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.07%	222.50%	-134.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.07%	222.50%	-134.43%

LULG vs. MUU - Expense Ratio Comparison

LULG has a 0.75% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

LULG vs. MUU - Dividend Comparison

Neither LULG nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LULG and MUU in my portfolio?

LULG and MUU have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LULG or MUU?

On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LULG or MUU?

LULG is cheaper with a 0.75% expense ratio, compared with 1.01% for MUU.

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

LULG and MUU have nearly identical dividend yields, around 0.00%.

What is the main difference between LULG and MUU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for LULG and 1.01% for MUU.