PLTU vs. FMUB

Last updated Jun 5, 2026

PLTU (Direxion Daily PLTR Bull 2X Shares) and FMUB (Fidelity Municipal Bond Opportunities ETF) are both exchange-traded funds - PLTU is a Leveraged Equities fund actively managed by Direxion, while FMUB is a Municipal Bonds fund actively managed by Fidelity. Both are actively managed. Over the past year, PLTU returned -18.22% vs 7.69% for FMUB. At a correlation of -0.06, they often move in opposite directions. PLTU charges 0.97%/yr vs 0.30%/yr for FMUB.

Performance

PLTU vs. FMUB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bull 2X Shares (PLTU) and Fidelity Municipal Bond Opportunities ETF (FMUB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTU achieves a -47.14% return, which is significantly lower than FMUB's 2.00% return.

PLTU

• 1D: -0.80%
• 1M: 4.95%
• YTD: -47.14%
• 6M: -47.66%
• 1Y: -18.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMUB

• 1D: 0.11%
• 1M: 0.88%
• YTD: 2.00%
• 6M: 2.22%
• 1Y: 7.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTU vs. FMUB - Yearly Performance Comparison

	2026 (YTD)	2025
PLTU Direxion Daily PLTR Bull 2X Shares	-47.14%	286.58%
FMUB Fidelity Municipal Bond Opportunities ETF	2.00%	6.63%

Correlation

The correlation between PLTU and FMUB is -0.11, 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 (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Apr 8, 2025	-0.06

Return for Risk

PLTU vs. FMUB — Risk / Return Rank

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

PLTU

PLTU Risk / Return Rank: 9
PLTU Sharpe Ratio Rank: 7
PLTU Sortino Ratio Rank: 12
PLTU Omega Ratio Rank: 13
PLTU Calmar Ratio Rank: 7
PLTU Martin Ratio Rank: 7

FMUB

FMUB Risk / Return Rank: 81
FMUB Sharpe Ratio Rank: 88
FMUB Sortino Ratio Rank: 91
FMUB Omega Ratio Rank: 93
FMUB Calmar Ratio Rank: 63
FMUB Martin Ratio Rank: 68

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.

PLTU vs. FMUB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bull 2X Shares (PLTU) and Fidelity Municipal Bond Opportunities ETF (FMUB). 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.

	PLTU	FMUB	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	2.90	-3.08
Sortino ratio: Return per unit of downside risk	0.45	4.27	-3.82
Omega ratio: Gain probability vs. loss probability	1.06	1.63	-0.57
Calmar ratio: Return relative to maximum drawdown	-0.27	3.10	-3.37
Martin ratio: Return relative to average drawdown	-0.46	12.34	-12.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTU vs. FMUB - Sharpe Ratio Comparison

The current PLTU Sharpe Ratio is -0.18, which is lower than the FMUB Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of PLTU and FMUB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLTU	FMUB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	2.90	-3.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	2.33	-1.93

Drawdowns

PLTU vs. FMUB - Drawdown Comparison

The maximum PLTU drawdown since its inception was -69.14%, which is greater than FMUB's maximum drawdown of -2.49%. Use the drawdown chart below to compare losses from any high point for PLTU and FMUB.

Drawdown Indicators

	PLTU	FMUB	Difference
Max Drawdown Largest peak-to-trough decline	-69.14%	-2.49%	-66.65%
Max Drawdown (1Y) Largest decline over 1 year	-68.10%	-2.49%	-65.61%
Current Drawdown Current decline from peak	-63.25%	0.00%	-63.25%
Average Drawdown Average peak-to-trough decline	-31.98%	-0.38%	-31.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.64%	0.63%	+39.01%

Volatility

PLTU vs. FMUB - Volatility Comparison

Direxion Daily PLTR Bull 2X Shares (PLTU) has a higher volatility of 33.28% compared to Fidelity Municipal Bond Opportunities ETF (FMUB) at 0.87%. This indicates that PLTU's price experiences larger fluctuations and is considered to be riskier than FMUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTU	FMUB	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.28%	0.87%	+32.41%
Volatility (6M) Calculated over the trailing 6-month period	77.26%	1.99%	+75.27%
Volatility (1Y) Calculated over the trailing 1-year period	103.08%	2.66%	+100.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.08%	3.25%	+123.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.08%	3.25%	+123.83%

PLTU vs. FMUB - Expense Ratio Comparison

PLTU has a 0.97% expense ratio, which is higher than FMUB's 0.30% expense ratio.

Dividends

PLTU vs. FMUB - Dividend Comparison

PLTU's dividend yield for the trailing twelve months is around 44.98%, more than FMUB's 3.42% yield.

Position	TTM	2025	2024
FMUB Fidelity Municipal Bond Opportunities ETF	3.42%	2.63%	0.00%
PLTU Direxion Daily PLTR Bull 2X Shares	44.98%	23.29%	0.12%

Frequently Asked Questions

Can I hold both PLTU and FMUB in my portfolio?

PLTU and FMUB have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTU or FMUB?

PLTU has higher volatility (33.28%) compared to FMUB (0.87%). In terms of maximum drawdown, PLTU dropped -69.14% vs FMUB's -2.49%.

Which ETF is better, PLTU or FMUB?

On 1-year performance, FMUB leads with 7.69% vs -18.22% for PLTU. On fees, FMUB is cheaper at 0.30% per year. On volatility, FMUB has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTU or FMUB?

Over the 1-year period, FMUB has performed better with a 7.69% return vs -18.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTU or FMUB?

FMUB is cheaper with a 0.30% expense ratio, compared with 0.97% for PLTU.

Which ETF pays a higher dividend yield, PLTU or FMUB?

PLTU has the higher dividend yield at 44.98%, compared with 3.42% for FMUB.

What is the main difference between PLTU and FMUB?

PLTU is categorized as Leveraged Equities, while FMUB is Municipal Bonds. They also come from different issuers: Direxion and Fidelity. Their fees differ too: 0.97% for PLTU and 0.30% for FMUB.

Which has better risk-adjusted returns?

FMUB currently has the higher Sharpe Ratio (2.90 vs -0.18), 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.