NBIZ vs. MUU

Last updated Jun 6, 2026

NBIZ (Tradr 2X Short NBIS Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - NBIZ is a Inverse Equities fund tracking the Nebius Group N.V. (NBIS), while MUU is a Leveraged Equities fund actively managed by Direxion. NBIZ is passively managed, while MUU is actively managed. At a correlation of -0.41, they often move in opposite directions. NBIZ charges 1.49%/yr vs 1.06%/yr for MUU.

Performance

NBIZ vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short NBIS Daily ETF (NBIZ) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NBIZ

• 1D: 24.45%
• 1M: -49.56%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -26.65%
• 1M: 50.22%
• YTD: 558.99%
• 6M: 826.13%
• 1Y: 3,710.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBIZ vs. MUU - Yearly Performance Comparison

	2026 (YTD)
NBIZ Tradr 2X Short NBIS Daily ETF	-95.64%
MUU Direxion Daily MU Bull 2X Shares	252.73%

Correlation

The correlation between NBIZ and MUU is -0.41, 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 Jan 23, 2026	-0.41

Return for Risk

NBIZ vs. MUU — 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: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 100
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.

NBIZ vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short NBIS Daily ETF (NBIZ) and Direxion Daily MU Bull 2X Shares (MUU). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NBIZ	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	27.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	4.68	-5.13

Drawdowns

NBIZ vs. MUU - Drawdown Comparison

The maximum NBIZ drawdown since its inception was -97.84%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for NBIZ and MUU.

Drawdown Indicators

	NBIZ	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-97.84%	-75.07%	-22.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.72%	—
Current Drawdown Current decline from peak	-97.16%	-37.90%	-59.26%
Average Drawdown Average peak-to-trough decline	-69.74%	-23.45%	-46.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.73%	—

Volatility

Volatility by Period

	NBIZ	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	66.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	111.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	218.90%	135.81%	+83.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	218.90%	135.74%	+83.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	218.90%	135.74%	+83.16%

NBIZ vs. MUU - Expense Ratio Comparison

NBIZ has a 1.49% expense ratio, which is higher than MUU's 1.06% expense ratio.

Dividends

NBIZ vs. MUU - Dividend Comparison

NBIZ has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.73%.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	0.73%	4.27%	0.31%
NBIZ Tradr 2X Short NBIS Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBIZ and MUU in my portfolio?

NBIZ and MUU have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIZ or MUU?

On fees, MUU is cheaper at 1.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBIZ or MUU?

MUU is cheaper with a 1.06% expense ratio, compared with 1.49% for NBIZ.

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

MUU has the higher dividend yield at 0.73%, compared with 0.00% for NBIZ.

What is the main difference between NBIZ and MUU?

NBIZ is categorized as Inverse Equities, while MUU is Leveraged Equities. They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for NBIZ and 1.06% for MUU.