Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Direxion Daily MU Bull 2X ETF
BThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$28.89−2.23 (−7.17%)
- 1.01%
- $4.0B
- +1270.7%
- 1.73%
- 48.1M sh
- $33.78
- low $0.4500high $62.64
The ETF.net MUU Grade
B
Score 60 out of 100
- 36 of 380
Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C45 out of 100Rank 209 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.A91 out of 100Rank 77 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B65 out of 100Rank 95 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 50 of 380Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A86 out of 100Rank 3 of 380
Our read on MUU
BTwo ETFs offer 2x daily Micron. MUU is the cheaper one, and the one that actually trades. The mandate is 200% of Micron's daily share move before fees, with the leverage clock reset every morning.
The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Micron Technology, Inc.’s common shares.
Why people hold it
- Same 2x daily Micron exposure as its only twin, MULL, at roughly a third of the cost: 1.01% versus 3.06%.
- The mandate fits on one line: 200% of Micron's daily share performance, before fees. One stock, one multiple, no manager discretion.direxion.com
- A multibillion-dollar fund and one of the busier tickers in the single-stock leverage aisle, which matters for a product built to be traded.
- Day to day it has tracked its 2x target tightly, one of the stronger implementations in a crowded leveraged cohort.
Worth knowing
- The 2x resets every morning. Hold longer and the result comes from compounded daily moves, which can drift well away from twice Micron's move over the stretch.
- One company's stock, doubled. There is nothing else in the basket to cushion a bad session.
- The 1.01% fee sits right at the median for leveraged single-stock funds: far under MULL, above the 0.75% charged by peers like UNHG and ASMG.
MUU Holdings
- Stocks
- 13
- 89%
- Mu Swap Asset Leg (Mubcl)
MUU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
MUU$137,069
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MUU |
|---|---|
| Year to date | +524.6% |
| 1 month | −0.5% |
| 3 months | −16.1% |
| 1 year | +1270.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MUU |
|---|---|---|
| 2026 YTD | +524.6% | |
| 2025 | +596.9% | |
| 2024 | −43.1% |
MUU in the news
MUU Dividends
- 1.73%
- $0.54
- $0.20 per share
- Quarterly
Distribution history
MUU Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 216.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.58
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −75.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 8.91
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MUU Cost
1.01%
MUU1.01%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
208 of the 333 Single-Stock Long Leveraged funds charge less.
Other funds in Single-Stock Long Leveraged
- BIREGLeverage Shares 2x Long IREN Daily ETFExpense ratio 0.75%1 year return —
- BMETWRoundhill Investments - META WeeklyPay ETFExpense ratio 1.00%1 year return +1.1%
- BSKHXThemes ETF Trust - Leverage Shares 2X Long SK Hynix Daily ETFExpense ratio 0.75%1 year return —
- BAMDLGraniteShares 2x Long AMD Daily ETFExpense ratio 1.07%1 year return +332.4%
- BGOUGraniteShares 2x Long GOOG Daily ETFExpense ratio 1.18%1 year return —