TDAX vs. MUU

Last updated Jul 17, 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. A 0.65 correlation means they provide meaningful diversification when combined. 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: -1.67%
• 1M: -3.90%
• 6M: 13.29%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -12.02%
• 1M: -37.86%
• 6M: 305.92%
• YTD: 449.17%
• 1Y: 2,599.25%
• 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	12.65%
MUU Direxion Daily MU Bull 2X Shares	287.28%

Correlation

The correlation between TDAX and MUU is 0.65, 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 Jan 7, 2026	0.65

Return for Risk

TDAX vs. MUU — Risk / Return Rank

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

TDAX

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

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 95
MUU Calmar Ratio Rank: 99
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.

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.

	TDAX	MUU	Difference
Sharpe ratio: Return per unit of total volatility	—	17.30	—
Sortino ratio: Return per unit of downside risk	—	5.00	—
Omega ratio: Gain probability vs. loss probability	—	1.63	—
Calmar ratio: Return relative to maximum drawdown	—	47.69	—
Martin ratio: Return relative to average drawdown	—	152.81	—

Drawdowns

TDAX vs. MUU - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum MUU drawdown of -75.07%. 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%	-75.07%	+60.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-55.25%	—
Current Drawdown Current decline from peak	-7.47%	-55.25%	+47.78%
Average Drawdown Average peak-to-trough decline	-3.99%	-23.62%	+19.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.31%	—

Volatility

Volatility by Period

	TDAX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	62.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	125.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.54%	152.52%	-124.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.54%	142.32%	-114.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.54%	142.32%	-114.78%

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 10.98%, more than MUU's 1.24% yield.

Position	TTM	2025	2024
MUU Direxion Daily MU Bull 2X Shares	1.24%	4.27%	0.31%
TDAX TDAQ Lift ETF	10.98%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDAX and MUU in my portfolio?

TDAX and MUU have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 10.98%, compared with 1.24% 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.