PTIR vs. MUU

Last updated Jun 26, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. PTIR is actively managed, while MUU is passively managed. At a correlation of -0.36, they often move in opposite directions. PTIR charges 1.15%/yr vs 1.01%/yr for MUU.

Performance

PTIR vs. MUU - Performance Comparison

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

Returns By Period

PTIR

• 1D: -10.83%
• 1M: -41.16%
• YTD: -70.11%
• 6M: -75.03%
• 1Y: -61.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 31.07%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PTIR vs. MUU - Yearly Performance Comparison

	2026 (YTD)
PTIR GraniteShares 2x Long PLTR Daily ETF	-37.43%
MUU Direxion Daily MU Bull 2X Shares	14.65%

Correlation

The correlation between PTIR and MUU is -0.36, 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 (All Time) Calculated using the full available price history since Jun 16, 2026	-0.36

Return for Risk

PTIR vs. MUU — Risk / Return Rank

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

PTIR

PTIR Risk / Return Rank: 4
PTIR Sharpe Ratio Rank: 5
PTIR Sortino Ratio Rank: 5
PTIR Omega Ratio Rank: 5
PTIR Calmar Ratio Rank: 3
PTIR Martin Ratio Rank: 2

MUU

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

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.

PTIR vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

	PTIR	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	—	—
Sortino ratio: Return per unit of downside risk	-0.52	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.77	—	—
Martin ratio: Return relative to average drawdown	-1.42	—	—

Drawdowns

PTIR vs. MUU - Drawdown Comparison

The maximum PTIR drawdown since its inception was -79.40%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for PTIR and MUU.

Drawdown Indicators

	PTIR	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-79.40%	-26.63%	-52.77%
Max Drawdown (1Y) Largest decline over 1 year	-79.40%	—	—
Current Drawdown Current decline from peak	-79.40%	-3.84%	-75.56%
Average Drawdown Average peak-to-trough decline	-28.82%	-11.62%	-17.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.08%	—	—

Volatility

Volatility by Period

	PTIR	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	78.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	103.20%	307.99%	-204.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.88%	307.99%	-179.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	128.88%	307.99%	-179.11%

PTIR vs. MUU - Expense Ratio Comparison

PTIR has a 1.15% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

PTIR vs. MUU - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 19.44%, more than MUU's 0.17% yield.

Position	TTM	2025
MUU Direxion Daily MU Bull 2X Shares	0.17%	0.00%
PTIR GraniteShares 2x Long PLTR Daily ETF	19.44%	5.81%

Frequently Asked Questions

Can I hold both PTIR and MUU in my portfolio?

PTIR and MUU have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PTIR 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, PTIR or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.15% for PTIR.

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

PTIR has the higher dividend yield at 19.44%, compared with 0.17% for MUU.

What is the main difference between PTIR and MUU?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.15% for PTIR and 1.01% for MUU.