NBIZ vs. MUU

Last updated Aug 2, 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 tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. Their -0.46 correlation means they have often moved in opposite directions in the past. NBIZ charges 1.49%/yr vs 1.01%/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: -2.71%
• 1M: -37.07%
• 6M: -98.00%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MUU

• 1D: -12.24%
• 1M: -36.47%
• 6M: 134.93%
• YTD: 372.51%
• 1Y: 2,805.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 419.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MUU Direxion Daily MU Bull 2X Shares	$1.51B	$1.57B	$2.27B
NBIZ Tradr 2X Short NBIS Daily ETF	$76.41M	$57.60M	$42.81M

NBIZ vs. MUU - Yearly Performance Comparison

	2026 (YTD)
NBIZ Tradr 2X Short NBIS Daily ETF	-97.27%
MUU Direxion Daily MU Bull 2X Shares	163.94%

Correlation

The correlation between NBIZ and MUU is -0.46, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	-0.46

Return for Risk

NBIZ vs. MUU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NBIZ

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

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: 99
MUU Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	NBIZ	MUU	Difference
Sharpe ratio: Return per unit of total volatility	—	16.13	—
Sortino ratio: Return per unit of downside risk	—	4.86	—
Omega ratio: Gain probability vs. loss probability	—	1.61	—
Calmar ratio: Return relative to maximum drawdown	—	38.27	—
Martin ratio: Return relative to average drawdown	—	127.21	—

Drawdowns

NBIZ vs. MUU - Drawdown Comparison

The maximum NBIZ drawdown since its inception was -98.41%, 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	-98.41%	-75.07%	-23.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-68.07%	—
Current Drawdown Current decline from peak	-98.41%	-61.50%	-36.91%
Average Drawdown Average peak-to-trough decline	-77.23%	-24.34%	-52.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.44%	—

Volatility

Volatility by Period

	NBIZ	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	62.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	134.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	237.50%	161.94%	+75.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	237.50%	146.71%	+90.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	237.50%	146.71%	+90.79%

NBIZ vs. MUU - Expense Ratio Comparison

NBIZ has a 1.49% expense ratio, which is higher than MUU's 1.01% 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 1.44%.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	1.44%	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 -0.46, 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 1.01% 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 1.01% 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 1.44%, 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. NBIZ tracks Nebius Group N.V. (NBIS), while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for NBIZ and 1.01% for MUU.