VRTL vs. MUU

Last updated Jun 24, 2026

VRTL (GraniteShares 2x Long VRT Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. VRTL is actively managed, while MUU is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. VRTL charges 1.50%/yr vs 1.01%/yr for MUU.

Performance

VRTL vs. MUU - Performance Comparison

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

Returns By Period

VRTL

• 1D: -22.65%
• 1M: -11.35%
• YTD: 187.83%
• 6M: 172.02%
• 1Y: 343.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

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

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

VRTL vs. MUU - Yearly Performance Comparison

	2026 (YTD)
VRTL GraniteShares 2x Long VRT Daily ETF	0.48%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between VRTL and MUU is 0.70, 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 Jun 16, 2026	0.70

Return for Risk

VRTL vs. MUU — Risk / Return Rank

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

VRTL

VRTL Risk / Return Rank: 83
VRTL Sharpe Ratio Rank: 91
VRTL Sortino Ratio Rank: 74
VRTL Omega Ratio Rank: 70
VRTL Calmar Ratio Rank: 95
VRTL Martin Ratio Rank: 87

MUU

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

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.

VRTL vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long VRT Daily ETF (VRTL) 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.

	VRTL	MUU	Difference
Sharpe ratio: Return per unit of total volatility	2.89	—	—
Sortino ratio: Return per unit of downside risk	3.02	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	7.30	—	—
Martin ratio: Return relative to average drawdown	17.10	—	—

Drawdowns

VRTL vs. MUU - Drawdown Comparison

The maximum VRTL drawdown since its inception was -60.58%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for VRTL and MUU.

Drawdown Indicators

	VRTL	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-60.58%	-26.28%	-34.30%
Max Drawdown (1Y) Largest decline over 1 year	-47.45%	—	—
Current Drawdown Current decline from peak	-33.92%	-26.28%	-7.64%
Average Drawdown Average peak-to-trough decline	-15.93%	-10.19%	-5.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.20%	—	—

Volatility

Volatility by Period

	VRTL	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	92.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	119.83%	295.32%	-175.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	126.87%	295.32%	-168.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.87%	295.32%	-168.45%

VRTL vs. MUU - Expense Ratio Comparison

VRTL has a 1.50% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

VRTL vs. MUU - Dividend Comparison

Neither VRTL nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VRTL and MUU in my portfolio?

VRTL and MUU have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VRTL 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, VRTL or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.50% for VRTL.

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

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

What is the main difference between VRTL and MUU?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for VRTL and 1.01% for MUU.