MUU vs. GEVG

Last updated Jun 4, 2026

MUU (Direxion Daily MU Bull 2X Shares) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.38 correlation, their price movements are largely independent. MUU charges 1.06%/yr vs 0.75%/yr for GEVG.

Performance

MUU vs. GEVG - 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 GEV Daily ETF (GEVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MUU achieves a 961.23% return, which is significantly higher than GEVG's 88.18% return.

MUU

• 1D: 3.08%
• 1M: 218.90%
• YTD: 961.23%
• 6M: 1,422.01%
• 1Y: 6,522.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVG

• 1D: -2.09%
• 1M: -22.22%
• YTD: 88.18%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUU vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
MUU Direxion Daily MU Bull 2X Shares	961.23%	47.26%
GEVG Leverage Shares 2X Long GEV Daily ETF	88.18%	-11.09%

Correlation

The correlation between MUU and GEVG is 0.38, 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 Dec 17, 2025	0.38

Return for Risk

MUU vs. GEVG — Risk / Return Rank

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

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.

MUU vs. GEVG - 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 GEV Daily ETF (GEVG). 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.

	MUU	GEVG	Difference
Sharpe ratio: Return per unit of total volatility	50.40	—	—
Sortino ratio: Return per unit of downside risk	7.17	—	—
Omega ratio: Gain probability vs. loss probability	1.91	—	—
Calmar ratio: Return relative to maximum drawdown	125.85	—	—
Martin ratio: Return relative to average drawdown	426.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MUU	GEVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	50.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	6.68	2.17	+4.51

Drawdowns

MUU vs. GEVG - Drawdown Comparison

The maximum MUU drawdown since its inception was -75.07%, which is greater than GEVG's maximum drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for MUU and GEVG.

Drawdown Indicators

	MUU	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-75.07%	-33.81%	-41.26%
Max Drawdown (1Y) Largest decline over 1 year	-52.72%	—	—
Current Drawdown Current decline from peak	0.00%	-32.62%	+32.62%
Average Drawdown Average peak-to-trough decline	-23.44%	-9.25%	-14.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.51%	—	—

Volatility

Volatility by Period

	MUU	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	54.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	105.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	131.77%	96.61%	+35.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.67%	96.61%	+37.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.67%	96.61%	+37.06%

MUU vs. GEVG - Expense Ratio Comparison

MUU has a 1.06% expense ratio, which is higher than GEVG's 0.75% expense ratio.

Dividends

MUU vs. GEVG - Dividend Comparison

MUU's dividend yield for the trailing twelve months is around 0.46%, while GEVG has not paid dividends to shareholders.

Position	TTM	2025	2024
GEVG Leverage Shares 2X Long GEV Daily ETF	0.00%	0.00%	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.46%	4.27%	0.31%

Frequently Asked Questions

Can I hold both MUU and GEVG in my portfolio?

MUU and GEVG have a correlation of 0.38, 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 GEVG?

On fees, GEVG 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 GEVG?

GEVG is cheaper with a 0.75% expense ratio, compared with 1.06% for MUU.

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

MUU has the higher dividend yield at 0.46%, compared with 0.00% for GEVG.

What is the main difference between MUU and GEVG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.06% for MUU and 0.75% for GEVG.