MUU vs. APLX

Last updated Jun 14, 2026

MUU (Direxion Daily MU Bull 2X Shares) and APLX (Tradr 2X Long APLD Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. MUU charges 1.06%/yr vs 1.30%/yr for APLX.

Performance

MUU vs. APLX - Performance Comparison

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

Returns By Period

In the year-to-date period, MUU achieves a 727.77% return, which is significantly higher than APLX's 62.98% return.

MUU

• 1D: -3.04%
• 1M: 43.34%
• YTD: 727.77%
• 6M: 1,033.51%
• 1Y: 3,969.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APLX

• 1D: 5.26%
• 1M: -24.98%
• YTD: 62.98%
• 6M: 12.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUU vs. APLX - Yearly Performance Comparison

	2026 (YTD)	2025
MUU Direxion Daily MU Bull 2X Shares	727.77%	303.75%
APLX Tradr 2X Long APLD Daily ETF	62.98%	83.15%

Correlation

The correlation between MUU and APLX is 0.42, 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 Sep 9, 2025	0.42

Return for Risk

MUU vs. APLX — Risk / Return Rank

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

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 100
MUU Martin Ratio Rank: 99

APLX

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

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. APLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bull 2X Shares (MUU) and Tradr 2X Long APLD Daily ETF (APLX). 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	APLX	Difference
Sharpe ratio: Return per unit of total volatility	28.62	—	—
Sortino ratio: Return per unit of downside risk	6.00	—	—
Omega ratio: Gain probability vs. loss probability	1.76	—	—
Calmar ratio: Return relative to maximum drawdown	75.54	—	—
Martin ratio: Return relative to average drawdown	245.88	—	—

Drawdowns

MUU vs. APLX - Drawdown Comparison

The maximum MUU drawdown since its inception was -75.07%, smaller than the maximum APLX drawdown of -84.39%. Use the drawdown chart below to compare losses from any high point for MUU and APLX.

Drawdown Indicators

	MUU	APLX	Difference
Max Drawdown Largest peak-to-trough decline	-75.07%	-84.39%	+9.32%
Max Drawdown (1Y) Largest decline over 1 year	-52.72%	—	—
Current Drawdown Current decline from peak	-22.00%	-48.29%	+26.29%
Average Drawdown Average peak-to-trough decline	-23.43%	-45.44%	+22.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.16%	—	—

Volatility

Volatility by Period

	MUU	APLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	65.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	114.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	139.14%	216.63%	-77.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	136.95%	216.63%	-79.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	136.95%	216.63%	-79.68%

MUU vs. APLX - Expense Ratio Comparison

MUU has a 1.06% expense ratio, which is lower than APLX's 1.30% expense ratio.

Dividends

MUU vs. APLX - Dividend Comparison

MUU's dividend yield for the trailing twelve months is around 0.58%, while APLX has not paid dividends to shareholders.

Position	TTM	2025	2024
APLX Tradr 2X Long APLD Daily ETF	0.00%	0.00%	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.58%	4.27%	0.31%

Frequently Asked Questions

Can I hold both MUU and APLX in my portfolio?

MUU and APLX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MUU or APLX?

On fees, MUU is cheaper at 1.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MUU or APLX?

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

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

MUU has the higher dividend yield at 0.58%, compared with 0.00% for APLX.

What is the main difference between MUU and APLX?

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