QBTX vs. MUU

Last updated Jul 11, 2026

QBTX (Tradr 2X Long QBTS Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. Over the past year, QBTX returned -50.14% vs 3083.51% for MUU. At a 0.25 correlation, their price movements are largely independent. QBTX charges 1.30%/yr vs 1.01%/yr for MUU.

Performance

QBTX vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long QBTS Daily ETF (QBTX) 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, QBTX achieves a -68.62% return, which is significantly lower than MUU's 642.75% return.

QBTX

• 1D: -10.52%
• 1M: -30.24%
• 6M: -72.59%
• YTD: -68.62%
• 1Y: -50.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -2.52%
• 1M: -10.27%
• 6M: 421.21%
• YTD: 642.75%
• 1Y: 3,083.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBTX vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025
QBTX Tradr 2X Long QBTS Daily ETF	-68.62%	339.28%
MUU Direxion Daily MU Bull 2X Shares	642.75%	956.47%

Correlation

The correlation between QBTX and MUU is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025	0.25

Return for Risk

QBTX vs. MUU — Risk / Return Rank

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

QBTX

QBTX Risk / Return Rank: 12
QBTX Sharpe Ratio Rank: 7
QBTX Sortino Ratio Rank: 22
QBTX Omega Ratio Rank: 20
QBTX Calmar Ratio Rank: 4
QBTX Martin Ratio Rank: 6

MUU

MUU Risk / Return Rank: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 97
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.

QBTX vs. MUU - Risk-Adjusted Trends Comparison

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

	QBTX	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	27.27	-27.54
Sortino ratio: Return per unit of downside risk	1.05	5.80	-4.75
Omega ratio: Gain probability vs. loss probability	1.11	1.72	-0.61
Calmar ratio: Return relative to maximum drawdown	-0.60	75.03	-75.64
Martin ratio: Return relative to average drawdown	-0.80	245.78	-246.58

QBTX vs. MUU - Sharpe Ratio Comparison

The current QBTX Sharpe Ratio is -0.26, which is lower than the MUU Sharpe Ratio of 27.27. The chart below compares the historical Sharpe Ratios of QBTX 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

QBTX vs. MUU - Drawdown Comparison

The maximum QBTX drawdown since its inception was -95.48%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for QBTX and MUU.

Drawdown Indicators

	QBTX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-95.48%	-75.07%	-20.41%
Max Drawdown (1Y) Largest decline over 1 year	-95.48%	-52.72%	-42.76%
Current Drawdown Current decline from peak	-92.75%	-30.01%	-62.74%
Average Drawdown Average peak-to-trough decline	-58.65%	-23.40%	-35.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	71.98%	16.41%	+55.57%

Volatility

QBTX vs. MUU - Volatility Comparison

The current volatility for Tradr 2X Long QBTS Daily ETF (QBTX) is 48.14%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.23%. This indicates that QBTX 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

	QBTX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.14%	67.23%	-19.09%
Volatility (6M) Calculated over the trailing 6-month period	143.85%	116.08%	+27.77%
Volatility (1Y) Calculated over the trailing 1-year period	218.22%	145.04%	+73.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	238.13%	138.03%	+100.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	238.13%	138.03%	+100.10%

QBTX vs. MUU - Expense Ratio Comparison

QBTX has a 1.30% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

QBTX vs. MUU - Dividend Comparison

QBTX's dividend yield for the trailing twelve months is around 42.05%, more than MUU's 0.64% yield.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	0.64%	4.27%	0.31%
QBTX Tradr 2X Long QBTS Daily ETF	42.05%	13.20%	0.00%

Frequently Asked Questions

Can I hold both QBTX and MUU in my portfolio?

QBTX and MUU have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBTX or MUU?

MUU has higher volatility (67.23%) compared to QBTX (48.14%). In terms of maximum drawdown, QBTX dropped -95.48% vs MUU's -75.07%.

Which ETF is better, QBTX or MUU?

On 1-year performance, MUU leads with 3083.51% vs -50.14% for QBTX. On fees, MUU is cheaper at 1.01% per year. On volatility, QBTX has been the lower-risk option at 48.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBTX or MUU?

Over the 1-year period, MUU has performed better with a 3083.51% return vs -50.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBTX or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.30% for QBTX.

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

QBTX has the higher dividend yield at 42.05%, compared with 0.64% for MUU.

What is the main difference between QBTX and MUU?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for QBTX and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (27.27 vs -0.26), 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.