MUU vs. AMDG

Last updated Jun 24, 2026

MUU (Direxion Daily MU Bull 2X Shares) and AMDG (Leverage Shares 2X Long AMD Daily ETF) are both Leveraged Equities funds. MUU is passively managed, while AMDG is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. MUU charges 1.01%/yr vs 0.75%/yr for AMDG.

Performance

MUU vs. AMDG - Performance Comparison

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

Returns By Period

MUU

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

AMDG

• 1D: -11.43%
• 1M: 15.85%
• YTD: 329.09%
• 6M: 325.72%
• 1Y: 826.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUU vs. AMDG - Yearly Performance Comparison

	2026 (YTD)
MUU Direxion Daily MU Bull 2X Shares	-12.11%
AMDG Leverage Shares 2X Long AMD Daily ETF	-10.88%

Correlation

The correlation between MUU and AMDG is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.90

Return for Risk

MUU vs. AMDG — Risk / Return Rank

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

MUU

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

AMDG

AMDG Risk / Return Rank: 94
AMDG Sharpe Ratio Rank: 99
AMDG Sortino Ratio Rank: 91
AMDG Omega Ratio Rank: 89
AMDG Calmar Ratio Rank: 98
AMDG Martin Ratio Rank: 95

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.

MUU vs. AMDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bull 2X Shares (MUU) and Leverage Shares 2X Long AMD Daily ETF (AMDG). 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.

	MUU	AMDG	Difference
Sharpe ratio: Return per unit of total volatility	—	6.20	—
Sortino ratio: Return per unit of downside risk	—	4.04	—
Omega ratio: Gain probability vs. loss probability	—	1.53	—
Calmar ratio: Return relative to maximum drawdown	—	14.77	—
Martin ratio: Return relative to average drawdown	—	28.66	—

Drawdowns

MUU vs. AMDG - Drawdown Comparison

The maximum MUU drawdown since its inception was -26.28%, smaller than the maximum AMDG drawdown of -63.32%. Use the drawdown chart below to compare losses from any high point for MUU and AMDG.

Drawdown Indicators

	MUU	AMDG	Difference
Max Drawdown Largest peak-to-trough decline	-26.28%	-63.32%	+37.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-56.48%	—
Current Drawdown Current decline from peak	-26.28%	-12.62%	-13.66%
Average Drawdown Average peak-to-trough decline	-10.19%	-25.39%	+15.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	29.06%	—

Volatility

Volatility by Period

	MUU	AMDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	48.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	102.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	295.32%	134.55%	+160.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	295.32%	132.44%	+162.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	295.32%	132.44%	+162.88%

MUU vs. AMDG - Expense Ratio Comparison

MUU has a 1.01% expense ratio, which is higher than AMDG's 0.75% expense ratio.

Dividends

MUU vs. AMDG - Dividend Comparison

MUU has not paid dividends to shareholders, while AMDG's dividend yield for the trailing twelve months is around 2.61%.

Position	TTM	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	2.61%	11.21%
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%

Frequently Asked Questions

Can I hold both MUU and AMDG in my portfolio?

With a correlation of 0.90, MUU and AMDG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MUU or AMDG?

On fees, AMDG 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, MUU or AMDG?

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

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

AMDG has the higher dividend yield at 2.61%, compared with 0.00% for MUU.

What is the main difference between MUU and AMDG?

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