UNX vs. MUU

Last updated Jun 23, 2026

UNX (Tradr 2X Long U Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. UNX is actively managed, while MUU is passively managed. At a 0.10 correlation, their price movements are largely independent. UNX charges 1.30%/yr vs 1.01%/yr for MUU.

Performance

UNX vs. MUU - Performance Comparison

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

Returns By Period

UNX

• 1D: -2.21%
• 1M: 7.84%
• YTD: -78.48%
• 6M: -80.41%
• 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)

UNX vs. MUU - Yearly Performance Comparison

	2026 (YTD)
UNX Tradr 2X Long U Daily ETF	-8.45%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between UNX and MUU is 0.10, 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 Jun 16, 2026	0.10

Return for Risk

UNX vs. MUU - Risk-Adjusted Trends Comparison

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

UNX vs. MUU - Drawdown Comparison

The maximum UNX drawdown since its inception was -92.59%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for UNX and MUU.

Drawdown Indicators

	UNX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-92.59%	-26.28%	-66.31%
Current Drawdown Current decline from peak	-83.16%	-26.28%	-56.88%
Average Drawdown Average peak-to-trough decline	-56.08%	-10.19%	-45.89%

Volatility

Volatility by Period

	UNX	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	155.64%	295.32%	-139.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	155.64%	295.32%	-139.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	155.64%	295.32%	-139.68%

UNX vs. MUU - Expense Ratio Comparison

UNX has a 1.30% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

UNX vs. MUU - Dividend Comparison

Neither UNX nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UNX and MUU in my portfolio?

UNX and MUU have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UNX 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, UNX or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.30% for UNX.

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

UNX and MUU have nearly identical dividend yields, around 0.00%.

What is the main difference between UNX and MUU?

They also come from different issuers: Tradr ETFs and Direxion. Their fees differ too: 1.30% for UNX and 1.01% for MUU.