TDAX vs. MUU

Last updated Jun 24, 2026

TDAX (TDAQ Lift ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. TDAX is actively managed, while MUU is passively managed. With a 1.00 correlation, they move nearly in lockstep. TDAX charges 0.98%/yr vs 1.01%/yr for MUU.

Performance

TDAX vs. MUU - Performance Comparison

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

Returns By Period

TDAX

• 1D: -4.29%
• 1M: -2.95%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDAX vs. MUU - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	-5.25%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between TDAX 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

TDAX vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) 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

TDAX vs. MUU - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum MUU drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for TDAX and MUU.

Drawdown Indicators

	TDAX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-26.28%	+11.59%
Current Drawdown Current decline from peak	-6.56%	-26.28%	+19.72%
Average Drawdown Average peak-to-trough decline	-3.75%	-10.19%	+6.44%

Volatility

Volatility by Period

	TDAX	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.01%	295.32%	-268.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.01%	295.32%	-268.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.01%	295.32%	-268.31%

TDAX vs. MUU - Expense Ratio Comparison

TDAX has a 0.98% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

TDAX vs. MUU - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 8.91%, while MUU has not paid dividends to shareholders.

Position	TTM
MUU Direxion Daily MU Bull 2X Shares	0.00%
TDAX TDAQ Lift ETF	8.91%

Frequently Asked Questions

Can I hold both TDAX and MUU in my portfolio?

With a correlation of 1.00, TDAX 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, TDAX or MUU?

On fees, TDAX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAX or MUU?

TDAX is cheaper with a 0.98% expense ratio, compared with 1.01% for MUU.

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

TDAX has the higher dividend yield at 8.91%, compared with 0.00% for MUU.

What is the main difference between TDAX and MUU?

They also come from different issuers: TappAlpha and Direxion. Their fees differ too: 0.98% for TDAX and 1.01% for MUU.