SNDU vs. MUU

Last updated Jul 14, 2026

SNDU (T-REX 2X Long SNDK Daily Target ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds - SNDU tracks the SanDisk Corporation (SNDK) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. A 0.63 correlation means they provide meaningful diversification when combined. SNDU charges 1.50%/yr vs 1.01%/yr for MUU.

Performance

SNDU vs. MUU - Performance Comparison

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

Returns By Period

SNDU

• 1D: -25.27%
• 1M: -41.48%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -9.01%
• 1M: -18.36%
• 6M: 372.65%
• YTD: 575.80%
• 1Y: 2,796.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNDU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
SNDU T-REX 2X Long SNDK Daily Target ETF	319.57%
MUU Direxion Daily MU Bull 2X Shares	252.45%

Correlation

The correlation between SNDU and MUU is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026	0.63

Return for Risk

SNDU vs. MUU — Risk / Return Rank

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

SNDU

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

MUU

MUU Risk / Return Rank: 99
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.

SNDU vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long SNDK Daily Target ETF (SNDU) 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.

	SNDU	MUU	Difference
Sharpe ratio: Return per unit of total volatility	—	23.95	—
Sortino ratio: Return per unit of downside risk	—	5.62	—
Omega ratio: Gain probability vs. loss probability	—	1.69	—
Calmar ratio: Return relative to maximum drawdown	—	66.09	—
Martin ratio: Return relative to average drawdown	—	221.31	—

Drawdowns

SNDU vs. MUU - Drawdown Comparison

The maximum SNDU drawdown since its inception was -56.44%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for SNDU and MUU.

Drawdown Indicators

	SNDU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-56.44%	-75.07%	+18.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.72%	—
Current Drawdown Current decline from peak	-54.84%	-36.32%	-18.52%
Average Drawdown Average peak-to-trough decline	-14.27%	-23.43%	+9.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.57%	—

Volatility

Volatility by Period

	SNDU	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	67.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	116.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	225.95%	145.78%	+80.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	225.95%	138.10%	+87.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	225.95%	138.10%	+87.85%

SNDU vs. MUU - Expense Ratio Comparison

SNDU has a 1.50% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

SNDU vs. MUU - Dividend Comparison

SNDU has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.70%.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	0.70%	4.27%	0.31%
SNDU T-REX 2X Long SNDK Daily Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SNDU and MUU in my portfolio?

SNDU and MUU have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNDU 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, SNDU or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.50% for SNDU.

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

MUU has the higher dividend yield at 0.70%, compared with 0.00% for SNDU.

What is the main difference between SNDU and MUU?

SNDU tracks SanDisk Corporation (SNDK), while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: T-Rex and Direxion. Their fees differ too: 1.50% for SNDU and 1.01% for MUU.