Data as of .
ASMU vs ASMZ: which held to its multiple?
Over the days both have traded, ASMU finished 1.1 points from its stated multiple and ASMZ 1.3.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| ASMU | ASMZ | ASMU | ASMZ | ASMU | ASMZ | |
| 1 month | −13.5% | −13.6% | −12.3% | −12.3% | −1.1 pts | −1.3 pts |
| 3 months | −23.5% | not published | −17.5% | not published | −6.0 pts | not published |
| 6 months | +33.1% | not published | +53.3% | not published | −20.1 pts | not published |
| Since launch | +13.9% | −32.1% | +37.4% | −29.0% | −23.5 pts | −3.0 pts |
| ASMU Direxion Daily ASML Bull 2X ETF Aims to return twice the daily move of ASML | ASMZ Corgi ASML 2x Daily ETF Aims to return twice the daily move of ASML | |
|---|---|---|
| Issuer | Direxion | Corgi |
| Sets out to return | +2x | +2x |
| On | ASML | ASML |
| Segment | company | company |
| Fund returned, 3 months | −23.5% | −13.6% |
| Underlying returned, 3 months | −8.7% | −6.2% |
| What the stated multiple implies, 3 months | −17.5% | −12.3% |
| Difference from stated, 3 months | −6.0 pts | −1.3 pts |
| Fund returned, 1 year or since launch | +13.9% | −32.1% |
| Difference from stated, over that window | −23.5 pts | −3.0 pts |
| Underlying volatility | 49% | 32% |
| Difference over the days both have traded | −1.1 pts | −1.3 pts |
| Expense ratio | 0.97% | 0.45% |
| Launched | Feb 11, 2026 | Jun 30, 2026 |
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. 4.1 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. ASMU 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.
ASMZ in plain words
One month to Sep 11, 2026: ASMZ returned −13.6% where its own daily promise gave −12.8%, 0.9 points short. Read the multiple against the whole window instead and +2 times ASML's −6.2% implies −12.3%, which makes ASMZ look 1.3 points short. 0.4 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. ASMZ aims to return +2 times ASML's move each day, then resets. ASML moved at 32% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, ASMU or ASMZ?
- Over the window to Sep 11, 2026, ASMU finished 6.0 points from what its multiple implies and ASMZ finished 1.3 points from its own, so ASMZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are ASMU and ASMZ levered on the same thing?
- Yes. Both are levered on ASML, ASMU at +2 times and ASMZ at +2 times the daily move.
- Which one decays faster, ASMU or ASMZ?
- Decay follows how much the underlying moves about. Over this window ASMU’s moved at 49% annualized and ASMZ’s at 32%, so ASMU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold ASMU or ASMZ 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, ASMU or ASMZ?
- ASMU charges 0.97% a year and ASMZ charges 0.45%, so ASMZ 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, ASMU against ASMZ, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/ASMU-ASMZ Free to use with attribution; the underlying files are at Open data.