XPEG vs. MUU

Last updated Jun 24, 2026

XPEG (Leverage Shares 2X Long XPEV Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds - XPEG tracks the XPeng Inc. (XPEV) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. XPEG charges 0.75%/yr vs 1.01%/yr for MUU.

Performance

XPEG vs. MUU - Performance Comparison

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

Returns By Period

XPEG

• 1D: -8.68%
• 1M: -35.28%
• 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)

XPEG vs. MUU - Yearly Performance Comparison

	2026 (YTD)
XPEG Leverage Shares 2X Long XPEV Daily ETF	-23.38%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between XPEG and MUU is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.90

Return for Risk

XPEG vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long XPEV Daily ETF (XPEG) 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

XPEG vs. MUU - Drawdown Comparison

The maximum XPEG drawdown since its inception was -69.48%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for XPEG and MUU.

Drawdown Indicators

	XPEG	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-69.48%	-26.28%	-43.20%
Current Drawdown Current decline from peak	-69.48%	-26.28%	-43.20%
Average Drawdown Average peak-to-trough decline	-39.06%	-10.19%	-28.87%

Volatility

Volatility by Period

	XPEG	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	98.03%	295.32%	-197.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.03%	295.32%	-197.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.03%	295.32%	-197.29%

XPEG vs. MUU - Expense Ratio Comparison

XPEG has a 0.75% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

XPEG vs. MUU - Dividend Comparison

Neither XPEG nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XPEG and MUU in my portfolio?

With a correlation of 0.90, XPEG 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, XPEG or MUU?

On fees, XPEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XPEG or MUU?

XPEG is cheaper with a 0.75% expense ratio, compared with 1.01% for MUU.

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

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

What is the main difference between XPEG and MUU?

XPEG tracks XPeng Inc. (XPEV), while MUU tracks Micron Technology, Inc. (200% Daily). They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for XPEG and 1.01% for MUU.