MUU vs. SNXX

Last updated Jul 3, 2026

MUU (Direxion Daily MU Bull 2X Shares) and SNXX (Tradr 2X Long SNDK Daily ETF) are both Leveraged Equities funds. MUU is passively managed, while SNXX is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. MUU charges 1.01%/yr vs 1.49%/yr for SNXX.

Performance

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

Returns By Period

MUU

• 1D: -12.33%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SNXX

• 1D: -28.61%
• 1M: -15.31%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUU vs. SNXX - Yearly Performance Comparison

	2026 (YTD)
MUU Direxion Daily MU Bull 2X Shares	-27.74%
SNXX Tradr 2X Long SNDK Daily ETF	-40.99%

Correlation

The correlation between MUU and SNXX is 0.88, 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	0.88

Return for Risk

MUU vs. SNXX - 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 SNDK Daily ETF (SNXX). 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. SNXX - Drawdown Comparison

The maximum MUU drawdown since its inception was -39.39%, smaller than the maximum SNXX drawdown of -48.39%. Use the drawdown chart below to compare losses from any high point for MUU and SNXX.

Drawdown Indicators

	MUU	SNXX	Difference
Max Drawdown Largest peak-to-trough decline	-39.39%	-48.39%	+9.00%
Current Drawdown Current decline from peak	-39.39%	-48.36%	+8.97%
Average Drawdown Average peak-to-trough decline	-16.51%	-15.41%	-1.10%

Volatility

Volatility by Period

	MUU	SNXX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	263.59%	218.37%	+45.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	263.59%	218.37%	+45.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	263.59%	218.37%	+45.22%

MUU vs. SNXX - Expense Ratio Comparison

MUU has a 1.01% expense ratio, which is lower than SNXX's 1.49% expense ratio.

Dividends

MUU vs. SNXX - Dividend Comparison

MUU's dividend yield for the trailing twelve months is around 0.27%, while SNXX has not paid dividends to shareholders.

Position	TTM
MUU Direxion Daily MU Bull 2X Shares	0.27%
SNXX Tradr 2X Long SNDK Daily ETF	0.00%

Frequently Asked Questions

Can I hold both MUU and SNXX in my portfolio?

MUU and SNXX have a correlation of 0.88, 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 SNXX?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MUU or SNXX?

MUU is cheaper with a 1.01% expense ratio, compared with 1.49% for SNXX.

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

MUU has the higher dividend yield at 0.27%, compared with 0.00% for SNXX.

What is the main difference between MUU and SNXX?

They also come from different issuers: Direxion and Tradr. Their fees differ too: 1.01% for MUU and 1.49% for SNXX.