XTAP vs. MUU
XTAP (Innovator U.S. Equity Accelerated Plus ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. XTAP is actively managed, while MUU is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. XTAP charges 0.79%/yr vs 1.01%/yr for MUU.
Performance
XTAP vs. MUU - Performance Comparison
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Returns By Period
XTAP
- 1D
- -0.56%
- 1M
- -0.17%
- YTD
- 10.29%
- 6M
- 10.43%
- 1Y
- 19.37%
- 3Y*
- 17.09%
- 5Y*
- 10.65%
- 10Y*
- —
MUU
- 1D
- -26.28%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XTAP Innovator U.S. Equity Accelerated Plus ETF | -0.91% |
MUU Direxion Daily MU Bull 2X Shares | -12.11% |
Correlation
The correlation between XTAP 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 |
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Return for Risk
XTAP vs. MUU — Risk / Return Rank
XTAP
MUU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XTAP vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF (XTAP) 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.
| XTAP | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.05 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 11.34 | — | — |
| Martin ratioReturn relative to average drawdown | 62.48 | — | — |
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Drawdowns
XTAP vs. MUU - Drawdown Comparison
The maximum XTAP drawdown since its inception was -22.13%, smaller than the maximum MUU drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for XTAP and MUU.
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Drawdown Indicators
| XTAP | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.13% | -26.28% | +4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.72% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.13% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | -26.28% | +25.37% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -10.19% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | — | — |
Volatility
XTAP vs. MUU - Volatility Comparison
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Volatility by Period
| XTAP | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.83% | 295.32% | -290.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 295.32% | -280.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.36% | 295.32% | -280.96% |
XTAP vs. MUU - Expense Ratio Comparison
XTAP has a 0.79% expense ratio, which is lower than MUU's 1.01% expense ratio.
Dividends
XTAP vs. MUU - Dividend Comparison
Neither XTAP nor MUU has paid dividends to shareholders.
Frequently Asked Questions
XTAP 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.
On fees, XTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTAP is cheaper with a 0.79% expense ratio, compared with 1.01% for MUU.
XTAP and MUU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Direxion. Their fees differ too: 0.79% for XTAP and 1.01% for MUU.
Find the right allocation for XTAP and MUU
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