MUU vs. SNXX

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily MU Bull 2X Shares (MUU) and Tradr 2X Long SNDK Daily ETF (SNXX).

MUU and SNXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024. SNXX is an actively managed fund by Tradr. It was launched on Jan 26, 2026.

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.

MUU vs. SNXX - Yearly Performance Comparison

	2026 (YTD)
MUU Direxion Daily MU Bull 2X Shares	-28.57%
SNXX Tradr 2X Long SNDK Daily ETF	65.62%

Returns By Period

MUU

• 1D: 17.77%
• 1M: -25.73%
• YTD: 41.27%
• 6M: 205.92%
• 1Y: 904.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SNXX

• 1D: 18.51%
• 1M: 11.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUU vs. SNXX - Expense Ratio Comparison

MUU has a 1.06% expense ratio, which is lower than SNXX's 1.49% expense ratio.

SNXX

Tradr 2X Long SNDK Daily ETF

MUU

Direxion Daily MU Bull 2X Shares

Return for Risk

MUU vs. SNXX — 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: 99
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 99
MUU Martin Ratio Rank: 99

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. 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.

	MUU	SNXX	Difference
Sharpe ratio Return per unit of total volatility	7.00	—	—
Sortino ratio Return per unit of downside risk	3.86	—	—
Omega ratio Gain probability vs. loss probability	1.52	—	—
Calmar ratio Return relative to maximum drawdown	17.99	—	—
Martin ratio Return relative to average drawdown	50.69	—	—
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	SNXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	7.65	-5.87

Correlation

The correlation between MUU and SNXX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MUU vs. SNXX - Dividend Comparison

MUU's dividend yield for the trailing twelve months is around 3.42%, while SNXX has not paid dividends to shareholders.

	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	3.42%	4.27%	0.31%
SNXX Tradr 2X Long SNDK Daily ETF	0.00%	0.00%	0.00%

Drawdowns

MUU vs. SNXX - Drawdown Comparison

The maximum MUU drawdown since its inception was -75.07%, which is greater than SNXX's maximum 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	-75.07%	-48.39%	-26.68%
Max Drawdown (1Y) Largest decline over 1 year	-52.72%	—	—
Current Drawdown Current decline from peak	-38.92%	-23.24%	-15.68%
Average Drawdown Average peak-to-trough decline	-25.08%	-23.52%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.71%	—	—

Volatility

Volatility by Period

	MUU	SNXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	47.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	99.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	130.64%	209.85%	-79.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.68%	209.85%	-82.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.68%	209.85%	-82.17%