MUU vs. BSMQ

Last updated Jun 24, 2026

MUU (Direxion Daily MU Bull 2X Shares) and BSMQ (Invesco BulletShares 2026 Municipal Bond ETF) are both exchange-traded funds - MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily), while BSMQ is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2026 Index. Both are passively managed. At a correlation of -0.67, they often move in opposite directions. MUU charges 1.01%/yr vs 0.18%/yr for BSMQ.

Performance

MUU vs. BSMQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MU Bull 2X Shares (MUU) and Invesco BulletShares 2026 Municipal Bond ETF (BSMQ). 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*: —

BSMQ

• 1D: 0.13%
• 1M: 0.36%
• YTD: 1.09%
• 6M: 1.21%
• 1Y: 3.07%
• 3Y*: 2.82%
• 5Y*: 0.38%
• 10Y*: —

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

MUU vs. BSMQ - Yearly Performance Comparison

	2026 (YTD)
MUU Direxion Daily MU Bull 2X Shares	-12.11%
BSMQ Invesco BulletShares 2026 Municipal Bond ETF	0.06%

Correlation

The correlation between MUU and BSMQ is -0.67, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	-0.67

Return for Risk

MUU vs. BSMQ — 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.

BSMQ

BSMQ Risk / Return Rank: 89
BSMQ Sharpe Ratio Rank: 80
BSMQ Sortino Ratio Rank: 89
BSMQ Omega Ratio Rank: 87
BSMQ Calmar Ratio Rank: 97
BSMQ Martin Ratio Rank: 94

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. BSMQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bull 2X Shares (MUU) and Invesco BulletShares 2026 Municipal Bond ETF (BSMQ). 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	BSMQ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.34	—
Sortino ratio: Return per unit of downside risk	—	3.75	—
Omega ratio: Gain probability vs. loss probability	—	1.49	—
Calmar ratio: Return relative to maximum drawdown	—	9.40	—
Martin ratio: Return relative to average drawdown	—	24.86	—

Drawdowns

MUU vs. BSMQ - Drawdown Comparison

The maximum MUU drawdown since its inception was -26.28%, which is greater than BSMQ's maximum drawdown of -13.18%. Use the drawdown chart below to compare losses from any high point for MUU and BSMQ.

Drawdown Indicators

	MUU	BSMQ	Difference
Max Drawdown Largest peak-to-trough decline	-26.28%	-13.18%	-13.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.50%	—
Current Drawdown Current decline from peak	-26.28%	0.00%	-26.28%
Average Drawdown Average peak-to-trough decline	-10.19%	-3.45%	-6.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.12%	—

Volatility

Volatility by Period

	MUU	BSMQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	295.32%	1.32%	+294.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	295.32%	2.67%	+292.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	295.32%	4.77%	+290.55%

MUU vs. BSMQ - Expense Ratio Comparison

MUU has a 1.01% expense ratio, which is higher than BSMQ's 0.18% expense ratio.

Dividends

MUU vs. BSMQ - Dividend Comparison

MUU has not paid dividends to shareholders, while BSMQ's dividend yield for the trailing twelve months is around 2.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSMQ Invesco BulletShares 2026 Municipal Bond ETF	2.75%	2.74%	2.75%	2.47%	1.60%	1.14%	1.57%	0.44%
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MUU and BSMQ in my portfolio?

MUU and BSMQ have a correlation of -0.67, 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 BSMQ?

On fees, BSMQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MUU or BSMQ?

BSMQ is cheaper with a 0.18% expense ratio, compared with 1.01% for MUU.

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

BSMQ has the higher dividend yield at 2.75%, compared with 0.00% for MUU.

What is the main difference between MUU and BSMQ?

MUU is categorized as Leveraged Equities, while BSMQ is Municipal Bonds. MUU tracks Micron Technology, Inc. (200% Daily), while BSMQ tracks Invesco BulletShares Municipal Bond 2026 Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.01% for MUU and 0.18% for BSMQ.