PLTM vs. MUU

Last updated Jul 14, 2026

PLTM (GraniteShares Platinum Trust) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - PLTM is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt), while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, PLTM returned 13.57% vs 2796.55% for MUU. At a 0.23 correlation, their price movements are largely independent. PLTM charges 0.50%/yr vs 1.01%/yr for MUU.

Performance

PLTM vs. MUU - Performance Comparison

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

Returns By Period

In the year-to-date period, PLTM achieves a -22.06% return, which is significantly lower than MUU's 575.80% return.

PLTM

• 1D: -1.56%
• 1M: -6.47%
• 6M: -31.69%
• YTD: -22.06%
• 1Y: 13.57%
• 3Y*: 17.44%
• 5Y*: 6.66%
• 10Y*: —

MUU

• 1D: -9.01%
• 1M: -18.36%
• 6M: 372.65%
• YTD: 575.80%
• 1Y: 2,796.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTM vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTM GraniteShares Platinum Trust	-22.06%	124.46%	-4.66%
MUU Direxion Daily MU Bull 2X Shares	575.80%	599.03%	-40.91%

Correlation

The correlation between PLTM and MUU is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.23

Return for Risk

PLTM vs. MUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLTM

PLTM Risk / Return Rank: 15
PLTM Sharpe Ratio Rank: 14
PLTM Sortino Ratio Rank: 16
PLTM Omega Ratio Rank: 17
PLTM Calmar Ratio Rank: 13
PLTM Martin Ratio Rank: 13

MUU

MUU Risk / Return Rank: 99
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.

PLTM vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) 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.

	PLTM	MUU	Difference
Sharpe ratio: Return per unit of total volatility	0.27	23.95	-23.68
Sortino ratio: Return per unit of downside risk	0.68	5.62	-4.94
Omega ratio: Gain probability vs. loss probability	1.09	1.69	-0.60
Calmar ratio: Return relative to maximum drawdown	0.31	66.09	-65.78
Martin ratio: Return relative to average drawdown	0.66	221.31	-220.65

PLTM vs. MUU - Sharpe Ratio Comparison

The current PLTM Sharpe Ratio is 0.27, which is lower than the MUU Sharpe Ratio of 23.95. The chart below compares the historical Sharpe Ratios of PLTM and MUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLTM vs. MUU - Drawdown Comparison

The maximum PLTM drawdown since its inception was -44.07%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for PLTM and MUU.

Drawdown Indicators

	PLTM	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-44.07%	-75.07%	+31.00%
Max Drawdown (1Y) Largest decline over 1 year	-44.07%	-52.72%	+8.65%
Max Drawdown (3Y) Largest decline over 3 years	-44.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.07%	—	—
Current Drawdown Current decline from peak	-42.43%	-36.32%	-6.11%
Average Drawdown Average peak-to-trough decline	-18.80%	-23.43%	+4.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.72%	16.57%	+4.15%

Volatility

PLTM vs. MUU - Volatility Comparison

The current volatility for GraniteShares Platinum Trust (PLTM) is 11.51%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.81%. This indicates that PLTM experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTM	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.51%	67.81%	-56.30%
Volatility (6M) Calculated over the trailing 6-month period	40.48%	116.35%	-75.87%
Volatility (1Y) Calculated over the trailing 1-year period	50.98%	145.78%	-94.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.14%	138.10%	-104.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.14%	138.10%	-106.96%

PLTM vs. MUU - Expense Ratio Comparison

PLTM has a 0.50% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

PLTM vs. MUU - Dividend Comparison

PLTM has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.70%.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	0.70%	4.27%	0.31%
PLTM GraniteShares Platinum Trust	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLTM and MUU in my portfolio?

PLTM and MUU have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTM or MUU?

MUU has higher volatility (67.81%) compared to PLTM (11.51%). In terms of maximum drawdown, PLTM dropped -44.07% vs MUU's -75.07%.

Which ETF is better, PLTM or MUU?

On 1-year performance, MUU leads with 2796.55% vs 13.57% for PLTM. On fees, PLTM is cheaper at 0.50% per year. On volatility, PLTM has been the lower-risk option at 11.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTM or MUU?

Over the 1-year period, MUU has performed better with a 2796.55% return vs 13.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTM or MUU?

PLTM is cheaper with a 0.50% expense ratio, compared with 1.01% for MUU.

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

MUU has the higher dividend yield at 0.70%, compared with 0.00% for PLTM.

What is the main difference between PLTM and MUU?

PLTM is categorized as Precious Metals, while MUU is Leveraged Equities. PLTM tracks Platinum London PM Fix ($/ozt), while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 0.50% for PLTM and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (23.95 vs 0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.