PLUL vs. MUU

Last updated Aug 1, 2026

PLUL (Leverage Shares 2X Long PLUG Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds - PLUL tracks the Plug Power Inc. (PLUG) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. Their 0.40 correlation means their historical movements had little consistent relationship. PLUL charges 0.75%/yr vs 1.01%/yr for MUU.

Performance

PLUL vs. MUU - Performance Comparison

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

Returns By Period

PLUL

• 1D: -2.81%
• 1M: -42.30%
• 6M: -39.57%
• 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
PLUL Leverage Shares 2X Long PLUG Daily ETF	$198.99K	$358.88K	$1.33M

PLUL vs. MUU - Yearly Performance Comparison

	2026 (YTD)
PLUL Leverage Shares 2X Long PLUG Daily ETF	-50.55%
MUU Direxion Daily MU Bull 2X Shares	230.47%

Correlation

The correlation between PLUL and MUU is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.40

Return for Risk

PLUL vs. MUU — Risk / Return Rank

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

PLUL

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.

PLUL vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PLUG Daily ETF (PLUL) 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.

	PLUL	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

PLUL vs. MUU - Drawdown Comparison

The maximum PLUL drawdown since its inception was -81.17%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for PLUL and MUU.

Drawdown Indicators

	PLUL	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-81.17%	-75.07%	-6.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-68.07%	—
Current Drawdown Current decline from peak	-78.15%	-61.50%	-16.65%
Average Drawdown Average peak-to-trough decline	-35.63%	-24.34%	-11.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.44%	—

Volatility

Volatility by Period

	PLUL	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	175.68%	161.94%	+13.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	175.68%	146.71%	+28.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	175.68%	146.71%	+28.97%

PLUL vs. MUU - Expense Ratio Comparison

PLUL has a 0.75% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

PLUL vs. MUU - Dividend Comparison

PLUL 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%
PLUL Leverage Shares 2X Long PLUG Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLUL and MUU in my portfolio?

PLUL and MUU have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLUL or MUU?

On fees, PLUL is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLUL or MUU?

PLUL is cheaper with a 0.75% expense ratio, compared with 1.01% for MUU.

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

MUU has the higher dividend yield at 1.44%, compared with 0.00% for PLUL.

What is the main difference between PLUL and MUU?

PLUL tracks Plug Power Inc. (PLUG), while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for PLUL and 1.01% for MUU.