MUU vs. GEMG

Last updated Jun 24, 2026

MUU (Direxion Daily MU Bull 2X Shares) and GEMG (Leverage Shares 2X Long GEMI Daily ETF) are both Leveraged Equities funds. MUU is passively managed, while GEMG is actively managed. A 0.60 correlation means they provide meaningful diversification when combined. MUU charges 1.01%/yr vs 0.75%/yr for GEMG.

Performance

MUU vs. GEMG - 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 GEMI Daily ETF (GEMG). 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*: —

GEMG

• 1D: -6.14%
• 1M: -33.52%
• YTD: -89.02%
• 6M: -91.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUU vs. GEMG - Yearly Performance Comparison

	2026 (YTD)
MUU Direxion Daily MU Bull 2X Shares	-12.11%
GEMG Leverage Shares 2X Long GEMI Daily ETF	-25.60%

Correlation

The correlation between MUU and GEMG is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.60

Return for Risk

MUU vs. GEMG - 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 GEMI Daily ETF (GEMG). 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

MUU vs. GEMG - Drawdown Comparison

The maximum MUU drawdown since its inception was -26.28%, smaller than the maximum GEMG drawdown of -97.26%. Use the drawdown chart below to compare losses from any high point for MUU and GEMG.

Drawdown Indicators

	MUU	GEMG	Difference
Max Drawdown Largest peak-to-trough decline	-26.28%	-97.26%	+70.98%
Current Drawdown Current decline from peak	-26.28%	-97.10%	+70.82%
Average Drawdown Average peak-to-trough decline	-10.19%	-81.17%	+70.98%

Volatility

Volatility by Period

	MUU	GEMG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	295.32%	219.33%	+75.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	295.32%	219.33%	+75.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	295.32%	219.33%	+75.99%

MUU vs. GEMG - Expense Ratio Comparison

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

Dividends

MUU vs. GEMG - Dividend Comparison

Neither MUU nor GEMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MUU and GEMG in my portfolio?

MUU and GEMG have a correlation of 0.60, 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 GEMG?

On fees, GEMG 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 GEMG?

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

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

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

What is the main difference between MUU and GEMG?

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