NVTX vs. MUU

Last updated Jun 24, 2026

NVTX (Tradr 2X Long NVTS Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. NVTX is actively managed, while MUU is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. NVTX charges 1.30%/yr vs 1.01%/yr for MUU.

Performance

NVTX vs. MUU - Performance Comparison

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

Returns By Period

NVTX

• 1D: -19.51%
• 1M: -54.78%
• YTD: 250.82%
• 6M: 201.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVTX vs. MUU - Yearly Performance Comparison

	2026 (YTD)
NVTX Tradr 2X Long NVTS Daily ETF	-20.16%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between NVTX and MUU is 0.90, 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	0.90

Return for Risk

NVTX vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long NVTS Daily ETF (NVTX) 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.

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

Drawdowns

NVTX vs. MUU - Drawdown Comparison

The maximum NVTX drawdown since its inception was -89.20%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for NVTX and MUU.

Drawdown Indicators

	NVTX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-89.20%	-26.28%	-62.92%
Current Drawdown Current decline from peak	-61.33%	-26.28%	-35.05%
Average Drawdown Average peak-to-trough decline	-59.89%	-10.19%	-49.70%

Volatility

Volatility by Period

	NVTX	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	265.87%	295.32%	-29.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	265.87%	295.32%	-29.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	265.87%	295.32%	-29.45%

NVTX vs. MUU - Expense Ratio Comparison

NVTX has a 1.30% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

NVTX vs. MUU - Dividend Comparison

NVTX's dividend yield for the trailing twelve months is around 4.86%, while MUU has not paid dividends to shareholders.

Position	TTM	2025
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%
NVTX Tradr 2X Long NVTS Daily ETF	4.86%	17.05%

Frequently Asked Questions

Can I hold both NVTX and MUU in my portfolio?

With a correlation of 0.90, NVTX and MUU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, NVTX 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, NVTX or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.30% for NVTX.

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

NVTX has the higher dividend yield at 4.86%, compared with 0.00% for MUU.

What is the main difference between NVTX and MUU?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for NVTX and 1.01% for MUU.