SNXX vs. MUU

Last updated Jun 25, 2026

SNXX (Tradr 2X Long SNDK Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. SNXX is actively managed, while MUU is passively managed. With a 1.00 correlation, they move nearly in lockstep. SNXX charges 1.49%/yr vs 1.01%/yr for MUU.

Performance

SNXX vs. MUU - Performance Comparison

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

Returns By Period

SNXX

• 1D: -4.98%
• 1M: 50.60%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

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

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

SNXX vs. MUU - Yearly Performance Comparison

	2026 (YTD)
SNXX Tradr 2X Long SNDK Daily ETF	-20.86%
MUU Direxion Daily MU Bull 2X Shares	-12.53%

Correlation

The correlation between SNXX and MUU is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	1.00

Return for Risk

SNXX vs. MUU - Risk-Adjusted Trends Comparison

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

SNXX vs. MUU - Drawdown Comparison

The maximum SNXX drawdown since its inception was -48.39%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for SNXX and MUU.

Drawdown Indicators

	SNXX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-48.39%	-26.63%	-21.76%
Current Drawdown Current decline from peak	-30.75%	-26.63%	-4.12%
Average Drawdown Average peak-to-trough decline	-15.02%	-12.91%	-2.11%

Volatility

Volatility by Period

	SNXX	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	201.14%	263.57%	-62.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	201.14%	263.57%	-62.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	201.14%	263.57%	-62.43%

SNXX vs. MUU - Expense Ratio Comparison

SNXX has a 1.49% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

SNXX vs. MUU - Dividend Comparison

SNXX has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM
MUU Direxion Daily MU Bull 2X Shares	0.23%
SNXX Tradr 2X Long SNDK Daily ETF	0.00%

Frequently Asked Questions

Can I hold both SNXX and MUU in my portfolio?

With a correlation of 1.00, SNXX and MUU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SNXX 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, SNXX or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.49% for SNXX.

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

MUU has the higher dividend yield at 0.23%, compared with 0.00% for SNXX.

What is the main difference between SNXX and MUU?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for SNXX and 1.01% for MUU.