SMU vs. MUU

Last updated Jun 23, 2026

SMU (Tradr 2X Long SMR Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. SMU is actively managed, while MUU is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. SMU charges 1.30%/yr vs 1.01%/yr for MUU.

Performance

SMU vs. MUU - Performance Comparison

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

Returns By Period

SMU

• 1D: -8.13%
• 1M: -13.60%
• YTD: -65.34%
• 6M: -74.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 14.03%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
SMU Tradr 2X Long SMR Daily ETF	8.05%
MUU Direxion Daily MU Bull 2X Shares	19.23%

Correlation

The correlation between SMU and MUU is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.80

Return for Risk

SMU vs. MUU - Risk-Adjusted Trends Comparison

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

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

Drawdowns

SMU vs. MUU - Drawdown Comparison

The maximum SMU drawdown since its inception was -98.96%, which is greater than MUU's maximum drawdown of -14.14%. Use the drawdown chart below to compare losses from any high point for SMU and MUU.

Drawdown Indicators

	SMU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-98.96%	-14.14%	-84.82%
Current Drawdown Current decline from peak	-98.53%	0.00%	-98.53%
Average Drawdown Average peak-to-trough decline	-76.71%	-6.17%	-70.54%

Volatility

Volatility by Period

	SMU	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	204.83%	222.50%	-17.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	204.83%	222.50%	-17.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	204.83%	222.50%	-17.67%

SMU vs. MUU - Expense Ratio Comparison

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

Dividends

SMU vs. MUU - Dividend Comparison

Neither SMU nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SMU and MUU in my portfolio?

SMU and MUU have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMU 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, SMU or MUU?

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

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

SMU and MUU have nearly identical dividend yields, around 0.00%.

What is the main difference between SMU and MUU?

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