Which came closer to its stated multiple, ASMG or ASMU?

Over the window to Sep 30, 2026, ASMG finished 7.6 points from what its multiple implies and ASMU finished 7.0 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 Holding, 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 42% annualized and ASMU’s at 42%, 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.

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ASMG vs ASMU: which held to its multiple?

Over the days both have traded, ASMG finished 7.6 points from its stated multiple and ASMU 7.0. Leverage Shares 2X Long ASML Daily ETF and Direxion Daily ASML Bull 2X ETF.

−10.7%

ASMG returned, 3 months

−10.1%

ASMU returned, 3 months

−7.6 pts

ASMG from its stated multiple

−7.0 pts

ASMU from its stated multiple

ASMG · 3 months to Sep 30, 20267.6 pts short of its stated multiple

ASMG returned −10.7% while 2 times ASML's move would have been −3.1%

ASMU · 3 months to Sep 30, 20267 pts short of its stated multiple

ASMU returned −10.1% while 2 times ASML's move would have been −3.1%

ETFIQ Decay Resistance Score · ASMU scores higherDid it keep up with its own daily multiple, compounded day by day?

ASMG 31.8

ASMU 45

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	ASMG	ASMU	ASMG	ASMU	ASMG	ASMU
1 month	+11.4%	+11.5%	+13.6%	+13.6%	−2.2 pts	−2.1 pts
3 months	−10.7%	−10.1%	−3.1%	−3.1%	−7.6 pts	−7.0 pts
6 months	+47.8%	+48.7%	+67.4%	+67.4%	−19.6 pts	−18.7 pts
1 year	+152.8%	not published	+176.8%	not published	−24.0 pts	not published
Since launch ASMG Jan 2025 · ASMU Feb 2026	+260.3%	+27.4%	not meaningful	+53.3%	not meaningful	−25.9 pts

ASMG and ASMU over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

ASMG

Leverage Shares 2X Long ASML Daily ETF · Aims to return twice the daily move of ASML Holding (ASML)

ASMU

Direxion Daily ASML Bull 2X ETF · Aims to return twice the daily move of ASML Holding (ASML)

Issuer Leverage Shares Direxion

Sets out to return +2x +2x

Underlying asset ASML ASML

Segment company company

Fund returned, 3 months or since launch −10.7% −10.1%

Underlying returned, over that window −1.6% −1.6%

What the stated multiple implies, over that window −3.1% −3.1%

Difference from stated, over that window −7.6 pts −7.0 pts

Fund returned, 1 year or since launch +152.8% +27.4%

Difference from stated, over that window −24.0 pts −25.9 pts

Underlying volatility 42% 42%

Difference over the days both have traded −7.6 pts −7.0 pts

Expense ratio 0.77% 0.97%

Launched Jan 14, 2025 Feb 11, 2026

Net assets $36m $11m

ASMG and ASMU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ASMG in plain words

Three months to Sep 30, 2026: ASMG returned −10.7% where its own daily promise gave −7.3%, 3.4 points short. Read the multiple against the whole window instead and 2 times ASML's −1.6% implies −3.1%, which makes ASMG look 7.6 points short. 4.2 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 42% 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 30, 2026: ASMU returned −10.1% where its own daily promise gave −7.3%, 2.8 points short. Read the multiple against the whole window instead and 2 times ASML's −1.6% implies −3.1%, which makes ASMU look 7.0 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 30, 2026, ASMG finished 7.6 points from what its multiple implies and ASMU finished 7.0 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 Holding, 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 42% annualized and ASMU’s at 42%, 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

ASMG vs ASMZ ASMU vs ASMZ

ASMG on its own →ASMU on its own →How every figure is computed →Standards and sources →

Where these figures came from

ASMG filings on SEC EDGAR ↗ASMG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗ASMU filings on SEC EDGAR ↗ASMU prospectus with the expense ratio (SEC) ↗Direxion website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, ASMG against ASMU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/asmg-vs-asmu

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.