QUBX vs. MUU

Last updated Jul 16, 2026

QUBX (Tradr 2X Long QUBT Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. Over the past year, QUBX returned -93.92% vs 2777.32% for MUU. At a 0.24 correlation, their price movements are largely independent. QUBX charges 1.30%/yr vs 1.01%/yr for MUU.

Performance

QUBX vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long QUBT Daily ETF (QUBX) 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, QUBX achieves a -66.67% return, which is significantly lower than MUU's 523.19% return.

QUBX

• 1D: -6.06%
• 1M: -51.82%
• 6M: -76.81%
• YTD: -66.67%
• 1Y: -93.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -15.79%
• 1M: -37.75%
• 6M: 369.59%
• YTD: 523.19%
• 1Y: 2,777.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QUBX vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025
QUBX Tradr 2X Long QUBT Daily ETF	-66.67%	-83.01%
MUU Direxion Daily MU Bull 2X Shares	523.19%	342.10%

Correlation

The correlation between QUBX and MUU is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.24

Return for Risk

QUBX vs. MUU — Risk / Return Rank

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

QUBX

QUBX Risk / Return Rank: 4
QUBX Sharpe Ratio Rank: 5
QUBX Sortino Ratio Rank: 4
QUBX Omega Ratio Rank: 5
QUBX Calmar Ratio Rank: 0
QUBX Martin Ratio Rank: 3

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: 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.

QUBX vs. MUU - Risk-Adjusted Trends Comparison

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

	QUBX	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	23.63	-24.11
Sortino ratio: Return per unit of downside risk	-0.70	5.56	-6.26
Omega ratio: Gain probability vs. loss probability	0.93	1.69	-0.76
Calmar ratio: Return relative to maximum drawdown	-0.98	65.61	-66.59
Martin ratio: Return relative to average drawdown	-1.20	219.05	-220.26

QUBX vs. MUU - Sharpe Ratio Comparison

The current QUBX Sharpe Ratio is -0.47, which is lower than the MUU Sharpe Ratio of 23.63. The chart below compares the historical Sharpe Ratios of QUBX 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

QUBX vs. MUU - Drawdown Comparison

The maximum QUBX drawdown since its inception was -96.40%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for QUBX and MUU.

Drawdown Indicators

	QUBX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-96.40%	-75.07%	-21.33%
Max Drawdown (1Y) Largest decline over 1 year	-96.40%	-52.72%	-43.68%
Current Drawdown Current decline from peak	-95.95%	-41.28%	-54.67%
Average Drawdown Average peak-to-trough decline	-72.03%	-23.49%	-48.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	77.94%	16.88%	+61.06%

Volatility

QUBX vs. MUU - Volatility Comparison

The current volatility for Tradr 2X Long QUBT Daily ETF (QUBX) is 52.86%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 70.38%. This indicates that QUBX 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

	QUBX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	52.86%	70.38%	-17.52%
Volatility (6M) Calculated over the trailing 6-month period	133.27%	116.37%	+16.90%
Volatility (1Y) Calculated over the trailing 1-year period	199.16%	146.36%	+52.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	198.46%	138.54%	+59.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	198.46%	138.54%	+59.92%

QUBX vs. MUU - Expense Ratio Comparison

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

Dividends

QUBX vs. MUU - Dividend Comparison

QUBX has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.76%.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	0.76%	4.27%	0.31%
QUBX Tradr 2X Long QUBT Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QUBX and MUU in my portfolio?

QUBX and MUU have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QUBX or MUU?

MUU has higher volatility (70.38%) compared to QUBX (52.86%). In terms of maximum drawdown, QUBX dropped -96.40% vs MUU's -75.07%.

Which ETF is better, QUBX or MUU?

On 1-year performance, MUU leads with 2777.32% vs -93.92% for QUBX. On fees, MUU is cheaper at 1.01% per year. On volatility, QUBX has been the lower-risk option at 52.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QUBX or MUU?

Over the 1-year period, MUU has performed better with a 2777.32% return vs -93.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QUBX or MUU?

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

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

MUU has the higher dividend yield at 0.76%, compared with 0.00% for QUBX.

What is the main difference between QUBX and MUU?

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

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (23.63 vs -0.47), 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.