TBXU vs. MUU
TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. TBXU charges 0.98%/yr vs 1.06%/yr for MUU.
Performance
TBXU vs. MUU - Performance Comparison
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Returns By Period
In the year-to-date period, TBXU achieves a -1.39% return, which is significantly lower than MUU's 558.99% return.
TBXU
- 1D
- 4.10%
- 1M
- 1.42%
- YTD
- -1.39%
- 6M
- -3.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUU
- 1D
- -26.65%
- 1M
- 50.22%
- YTD
- 558.99%
- 6M
- 826.13%
- 1Y
- 3,710.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBXU vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | -1.39% | 18.24% |
MUU Direxion Daily MU Bull 2X Shares | 558.99% | 116.55% |
Correlation
The correlation between TBXU and MUU is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.11 |
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Return for Risk
TBXU vs. MUU — Risk / Return Rank
TBXU
MUU
TBXU vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TBXU | MUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 27.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 4.68 | -4.06 |
Drawdowns
TBXU vs. MUU - Drawdown Comparison
The maximum TBXU drawdown since its inception was -26.53%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for TBXU and MUU.
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Drawdown Indicators
| TBXU | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.53% | -75.07% | +48.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.72% | — |
Current DrawdownCurrent decline from peak | -17.29% | -37.90% | +20.61% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -23.45% | +14.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.73% | — |
Volatility
TBXU vs. MUU - Volatility Comparison
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Volatility by Period
| TBXU | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 66.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 111.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.38% | 135.81% | -94.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.38% | 135.74% | -94.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.38% | 135.74% | -94.36% |
TBXU vs. MUU - Expense Ratio Comparison
TBXU has a 0.98% expense ratio, which is lower than MUU's 1.06% expense ratio.
Dividends
TBXU vs. MUU - Dividend Comparison
TBXU's dividend yield for the trailing twelve months is around 1.68%, more than MUU's 0.73% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 0.73% | 4.27% | 0.31% |
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 1.68% | 1.33% | 0.00% |
Frequently Asked Questions
TBXU and MUU have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TBXU is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TBXU is cheaper with a 0.98% expense ratio, compared with 1.06% for MUU.
TBXU has the higher dividend yield at 1.68%, compared with 0.73% for MUU.
Their fees differ too: 0.98% for TBXU and 1.06% for MUU.
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