UNHU vs. BSMR

Last updated Jun 25, 2026

UNHU (Direxion Daily UNH Bull 2X ETF) and BSMR (Invesco BulletShares 2027 Municipal Bond ETF) are both exchange-traded funds - UNHU is a Leveraged Equities fund actively managed by Direxion, while BSMR is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2027 Index. UNHU is actively managed, while BSMR is passively managed. At a correlation of -0.14, they often move in opposite directions. UNHU charges 0.97%/yr vs 0.18%/yr for BSMR.

Performance

UNHU vs. BSMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily UNH Bull 2X ETF (UNHU) and Invesco BulletShares 2027 Municipal Bond ETF (BSMR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UNHU

• 1D: -1.75%
• 1M: 8.26%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSMR

• 1D: -0.06%
• 1M: 0.44%
• YTD: 1.18%
• 6M: 1.27%
• 1Y: 3.69%
• 3Y*: 2.82%
• 5Y*: 0.51%
• 10Y*: —

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

UNHU vs. BSMR - Yearly Performance Comparison

	2026 (YTD)
UNHU Direxion Daily UNH Bull 2X ETF	117.56%
BSMR Invesco BulletShares 2027 Municipal Bond ETF	0.70%

Correlation

The correlation between UNHU and BSMR is -0.14, 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 Mar 25, 2026	-0.14

Return for Risk

UNHU vs. BSMR — Risk / Return Rank

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

UNHU

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

BSMR

BSMR Risk / Return Rank: 94
BSMR Sharpe Ratio Rank: 93
BSMR Sortino Ratio Rank: 96
BSMR Omega Ratio Rank: 94
BSMR Calmar Ratio Rank: 94
BSMR Martin Ratio Rank: 92

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.

UNHU vs. BSMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily UNH Bull 2X ETF (UNHU) and Invesco BulletShares 2027 Municipal Bond ETF (BSMR). 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.

	UNHU	BSMR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.91	—
Sortino ratio: Return per unit of downside risk	—	4.82	—
Omega ratio: Gain probability vs. loss probability	—	1.62	—
Calmar ratio: Return relative to maximum drawdown	—	6.55	—
Martin ratio: Return relative to average drawdown	—	20.59	—

Drawdowns

UNHU vs. BSMR - Drawdown Comparison

The maximum UNHU drawdown since its inception was -11.68%, smaller than the maximum BSMR drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for UNHU and BSMR.

Drawdown Indicators

	UNHU	BSMR	Difference
Max Drawdown Largest peak-to-trough decline	-11.68%	-13.49%	+1.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.57%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.02%	—
Current Drawdown Current decline from peak	-3.60%	-0.13%	-3.47%
Average Drawdown Average peak-to-trough decline	-2.80%	-3.46%	+0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.18%	—

Volatility

Volatility by Period

	UNHU	BSMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	63.96%	1.28%	+62.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.96%	3.02%	+60.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.96%	5.70%	+58.26%

UNHU vs. BSMR - Expense Ratio Comparison

UNHU has a 0.97% expense ratio, which is higher than BSMR's 0.18% expense ratio.

Dividends

UNHU vs. BSMR - Dividend Comparison

UNHU has not paid dividends to shareholders, while BSMR's dividend yield for the trailing twelve months is around 2.71%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSMR Invesco BulletShares 2027 Municipal Bond ETF	2.71%	2.77%	2.78%	2.72%	1.40%	1.00%	1.49%	0.45%
UNHU Direxion Daily UNH Bull 2X ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UNHU and BSMR in my portfolio?

UNHU and BSMR have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UNHU or BSMR?

On fees, BSMR is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UNHU or BSMR?

BSMR is cheaper with a 0.18% expense ratio, compared with 0.97% for UNHU.

Which ETF pays a higher dividend yield, UNHU or BSMR?

BSMR has the higher dividend yield at 2.71%, compared with 0.00% for UNHU.

What is the main difference between UNHU and BSMR?

UNHU is categorized as Leveraged Equities, while BSMR is Municipal Bonds. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.97% for UNHU and 0.18% for BSMR.