MQQQ vs. MUU

Last updated Jun 3, 2026

MQQQ (Tradr 2X Long Triple Q Monthly ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. MQQQ is passively managed, while MUU is actively managed. Over the past year, MQQQ returned 83.05% vs 6847.16% for MUU. A 0.62 correlation means they provide meaningful diversification when combined. MQQQ charges 1.30%/yr vs 1.06%/yr for MUU.

Performance

MQQQ vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Triple Q Monthly ETF (MQQQ) 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, MQQQ achieves a 39.32% return, which is significantly lower than MUU's 929.51% return.

MQQQ

• 1D: 1.03%
• 1M: 20.59%
• YTD: 39.32%
• 6M: 35.46%
• 1Y: 83.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 5.32%
• 1M: 249.29%
• YTD: 929.51%
• 6M: 1,310.65%
• 1Y: 6,847.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MQQQ vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	39.32%	31.67%	5.74%
MUU Direxion Daily MU Bull 2X Shares	929.51%	599.03%	-43.09%

Correlation

The correlation between MQQQ and MUU is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024	0.62

The correlation between MQQQ and MUU has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.

Return for Risk

MQQQ vs. MUU — Risk / Return Rank

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

MQQQ

MQQQ Risk / Return Rank: 68
MQQQ Sharpe Ratio Rank: 79
MQQQ Sortino Ratio Rank: 66
MQQQ Omega Ratio Rank: 65
MQQQ Calmar Ratio Rank: 67
MQQQ Martin Ratio Rank: 66

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.

MQQQ vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Monthly ETF (MQQQ) 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.

	MQQQ	MUU	Difference
Sharpe ratio Return per unit of total volatility	2.60	52.86	-50.27
Sortino ratio Return per unit of downside risk	3.07	7.24	-4.17
Omega ratio Gain probability vs. loss probability	1.40	1.92	-0.52
Calmar ratio Return relative to maximum drawdown	3.40	140.26	-136.86
Martin ratio Return relative to average drawdown	12.24	476.67	-464.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MQQQ vs. MUU - Sharpe Ratio Comparison

The current MQQQ Sharpe Ratio is 2.60, which is lower than the MUU Sharpe Ratio of 52.86. The chart below compares the historical Sharpe Ratios of MQQQ and MUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MQQQ	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	52.86	-50.27
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	6.58	-5.25

Drawdowns

MQQQ vs. MUU - Drawdown Comparison

The maximum MQQQ drawdown since its inception was -42.16%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for MQQQ and MUU.

Drawdown Indicators

	MQQQ	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-42.16%	-75.07%	+32.91%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	-52.72%	+27.49%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.18%	-23.50%	+16.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.00%	15.51%	-8.51%

Volatility

MQQQ vs. MUU - Volatility Comparison

The current volatility for Tradr 2X Long Triple Q Monthly ETF (MQQQ) is 8.50%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 55.10%. This indicates that MQQQ experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MQQQ	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	55.10%	-46.60%
Volatility (6M) Calculated over the trailing 6-month period	24.50%	105.07%	-80.57%
Volatility (1Y) Calculated over the trailing 1-year period	32.19%	131.89%	-99.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.26%	133.83%	-90.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.26%	133.83%	-90.57%

MQQQ vs. MUU - Expense Ratio Comparison

MQQQ has a 1.30% expense ratio, which is higher than MUU's 1.06% expense ratio.

Dividends

MQQQ vs. MUU - Dividend Comparison

MQQQ's dividend yield for the trailing twelve months is around 1.45%, more than MUU's 0.47% yield.

Position	TTM	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.45%	2.02%	0.02%
MUU Direxion Daily MU Bull 2X Shares	0.47%	4.27%	0.31%

Frequently Asked Questions

Can I hold both MQQQ and MUU in my portfolio?

MQQQ and MUU have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MQQQ or MUU?

MUU has higher volatility (55.10%) compared to MQQQ (8.50%). In terms of maximum drawdown, MQQQ dropped -42.16% vs MUU's -75.07%.

Which ETF is better, MQQQ or MUU?

On 1-year performance, MUU leads with 6847.16% vs 83.05% for MQQQ. On fees, MUU is cheaper at 1.06% per year. On volatility, MQQQ has been the lower-risk option at 8.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MQQQ or MUU?

Over the 1-year period, MUU has performed better with a 6847.16% return vs 83.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MQQQ or MUU?

MUU is cheaper with a 1.06% expense ratio, compared with 1.30% for MQQQ.

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

MQQQ has the higher dividend yield at 1.45%, compared with 0.47% for MUU.

What is the main difference between MQQQ and MUU?

They also come from different issuers: AXS and Direxion. Their fees differ too: 1.30% for MQQQ and 1.06% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (52.86 vs 2.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.