Data as of .
ASMG vs ASMU: which held to its multiple?
Over the days both have traded, ASMG finished 1.6 points from its stated multiple and ASMU 1.1.
ETFIQ Decay Resistance Score: ASMU scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| ASMG | ASMU | ASMG | ASMU | ASMG | ASMU | |
| 1 month | −13.9% | −13.5% | −12.3% | −12.3% | −1.6 pts | −1.1 pts |
| 3 months | −24.0% | −23.5% | −17.5% | −17.5% | −6.5 pts | −6.0 pts |
| 6 months | +32.5% | +33.1% | +53.3% | +53.3% | −20.8 pts | −20.1 pts |
| 1 year | +222.6% | not published | not meaningful | not published | not meaningful | not published |
| Since launch | +221.4% | +13.9% | not meaningful | +37.4% | not meaningful | −23.5 pts |
| ASMG Leverage Shares 2X Long ASML Daily ETF Aims to return twice the daily move of ASML | ASMU Direxion Daily ASML Bull 2X ETF Aims to return twice the daily move of ASML | |
|---|---|---|
| Issuer | Leverage Shares | Direxion |
| Sets out to return | +2x | +2x |
| On | ASML | ASML |
| Segment | company | company |
| Fund returned, 3 months | −24.0% | −23.5% |
| Underlying returned, 3 months | −8.7% | −8.7% |
| What the stated multiple implies, 3 months | −17.5% | −17.5% |
| Difference from stated, 3 months | −6.5 pts | −6.0 pts |
| Fund returned, 1 year or since launch | +222.6% | +13.9% |
| Difference from stated, over that window | not available | −23.5 pts |
| Underlying volatility | 49% | 49% |
| Difference over the days both have traded | −1.6 pts | −1.1 pts |
| Expense ratio | 0.77% | 0.97% |
| Launched | Jan 14, 2025 | Feb 11, 2026 |
ASMG in plain words
Three months to Sep 11, 2026: ASMG returned −24.0% where its own daily promise gave −21.6%, 2.4 points short. Read the multiple against the whole window instead and +2 times ASML's −8.7% implies −17.5%, which makes ASMG look 6.5 points short. 4.1 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. ASMG aims to return +2 times ASML's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. ASML moved at 49% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
ASMU in plain words
Three months to Sep 11, 2026: ASMU returned −23.5% where its own daily promise gave −21.6%, 1.9 points short. Read the multiple against the whole window instead and +2 times ASML's −8.7% implies −17.5%, which makes ASMU look 6.0 points short. ASMU aims to return +2 times ASML's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, ASMG or ASMU?
- Over the window to Sep 11, 2026, ASMG finished 6.5 points from what its multiple implies and ASMU finished 6.0 points from its own, so ASMU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are ASMG and ASMU levered on the same thing?
- Yes. Both are levered on ASML, ASMG at +2 times and ASMU at +2 times the daily move.
- Which one decays faster, ASMG or ASMU?
- Decay follows how much the underlying moves about. Over this window ASMG’s moved at 49% annualized and ASMU’s at 49%, so ASMG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold ASMG or ASMU for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, ASMG or ASMU?
- ASMG charges 0.77% a year and ASMU charges 0.97%, so ASMG is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ASMG against ASMU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/ASMG-ASMU Free to use with attribution; the underlying files are at Open data.