PATX vs. MUU

Last updated Jun 5, 2026

PATX (Tradr 2X Long PATH Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. PATX is passively managed, while MUU is actively managed. At a correlation of -0.10, they often move in opposite directions. PATX charges 1.49%/yr vs 1.06%/yr for MUU.

Performance

PATX vs. MUU - Performance Comparison

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

Returns By Period

PATX

• 1D: 0.44%
• 1M: 13.07%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -15.35%
• 1M: 121.05%
• YTD: 798.37%
• 6M: 1,279.44%
• 1Y: 5,396.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PATX vs. MUU - Yearly Performance Comparison

	2026 (YTD)
PATX Tradr 2X Long PATH Daily ETF	-56.95%
MUU Direxion Daily MU Bull 2X Shares	557.43%

Correlation

The correlation between PATX and MUU is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026	-0.10

Return for Risk

PATX 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: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 98
MUU Omega Ratio Rank: 97
MUU Calmar Ratio Rank: 100
MUU Martin Ratio Rank: 100

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.

PATX vs. MUU - Risk-Adjusted Trends Comparison

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

	PATX	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	41.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.72	5.91	-6.62

Drawdowns

PATX vs. MUU - Drawdown Comparison

The maximum PATX drawdown since its inception was -70.28%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for PATX and MUU.

Drawdown Indicators

	PATX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-70.28%	-75.07%	+4.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.72%	—
Current Drawdown Current decline from peak	-56.95%	-15.35%	-41.60%
Average Drawdown Average peak-to-trough decline	-52.49%	-23.42%	-29.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.54%	—

Volatility

Volatility by Period

	PATX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	56.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	106.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	123.88%	132.77%	-8.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	123.88%	134.14%	-10.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.88%	134.14%	-10.26%

PATX vs. MUU - Expense Ratio Comparison

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

Dividends

PATX vs. MUU - Dividend Comparison

PATX has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.54%.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	0.54%	4.27%	0.31%
PATX Tradr 2X Long PATH Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PATX and MUU in my portfolio?

PATX and MUU have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PATX 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, PATX or MUU?

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

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

MUU has the higher dividend yield at 0.54%, compared with 0.00% for PATX.

What is the main difference between PATX and MUU?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for PATX and 1.06% for MUU.