SNOU vs. MUU

Last updated Jun 25, 2026

SNOU (T-Rex 2X Long SNOW Daily Target ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. SNOU is actively managed, while MUU is passively managed. At a correlation of -0.37, they often move in opposite directions. SNOU charges 1.50%/yr vs 1.01%/yr for MUU.

Performance

SNOU vs. MUU - Performance Comparison

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

Returns By Period

SNOU

• 1D: -4.17%
• 1M: 53.34%
• YTD: -21.84%
• 6M: -24.41%
• 1Y: -36.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -0.64%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNOU vs. MUU - Yearly Performance Comparison

	2026 (YTD)
SNOU T-Rex 2X Long SNOW Daily Target ETF	-12.46%
MUU Direxion Daily MU Bull 2X Shares	-12.53%

Correlation

The correlation between SNOU and MUU is -0.37, 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	-0.37

Return for Risk

SNOU vs. MUU — Risk / Return Rank

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

SNOU

SNOU Risk / Return Rank: 8
SNOU Sharpe Ratio Rank: 7
SNOU Sortino Ratio Rank: 11
SNOU Omega Ratio Rank: 11
SNOU Calmar Ratio Rank: 6
SNOU Martin Ratio Rank: 6

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.

SNOU vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long SNOW Daily Target ETF (SNOU) 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.

	SNOU	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	—	—
Sortino ratio: Return per unit of downside risk	0.42	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	-0.44	—	—
Martin ratio: Return relative to average drawdown	-0.79	—	—

Drawdowns

SNOU vs. MUU - Drawdown Comparison

The maximum SNOU drawdown since its inception was -84.17%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for SNOU and MUU.

Drawdown Indicators

	SNOU	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-84.17%	-26.63%	-57.54%
Max Drawdown (1Y) Largest decline over 1 year	-84.17%	—	—
Current Drawdown Current decline from peak	-53.93%	-26.63%	-27.30%
Average Drawdown Average peak-to-trough decline	-33.16%	-12.91%	-20.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.62%	—	—

Volatility

Volatility by Period

	SNOU	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	103.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	132.37%	263.57%	-131.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	126.96%	263.57%	-136.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.96%	263.57%	-136.61%

SNOU vs. MUU - Expense Ratio Comparison

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

Dividends

SNOU vs. MUU - Dividend Comparison

SNOU's dividend yield for the trailing twelve months is around 7.64%, more than MUU's 0.23% yield.

Position	TTM	2025
MUU Direxion Daily MU Bull 2X Shares	0.23%	0.00%
SNOU T-Rex 2X Long SNOW Daily Target ETF	7.64%	5.97%

Frequently Asked Questions

Can I hold both SNOU and MUU in my portfolio?

SNOU and MUU have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNOU 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, SNOU or MUU?

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

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

SNOU has the higher dividend yield at 7.64%, compared with 0.23% for MUU.

What is the main difference between SNOU and MUU?

They also come from different issuers: T-Rex and Direxion. Their fees differ too: 1.50% for SNOU and 1.01% for MUU.