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

Over the window to Sep 30, 2026, ASMU finished 7.0 points from what its multiple implies and ASMZ finished 6.7 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 Holding, 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 42% annualized and ASMZ’s at 42%, 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.

Share on X Download as PDF Open live

ASMU vs ASMZ: which held to its multiple?

Over the days both have traded, ASMU finished 7.0 points from its stated multiple and ASMZ 6.7. Direxion Daily ASML Bull 2X ETF and Corgi ASML 2x Daily ETF.

−10.1%

ASMU returned, 3 months

−9.9%

ASMZ returned, 3 months

−7.0 pts

ASMU from its stated multiple

−6.7 pts

ASMZ from its stated multiple

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%

ASMZ · 3 months to Sep 30, 20266.7 pts short of its stated multiple

ASMZ returned −9.9% while 2 times ASML's move would have been −3.1%

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

ASMU 45

ASMZ 51.6

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	ASMU	ASMZ	ASMU	ASMZ	ASMU	ASMZ
1 month	+11.5%	+11.6%	+13.6%	+13.6%	−2.1 pts	−2.0 pts
3 months	−10.1%	−9.9%	−3.1%	−3.1%	−7.0 pts	−6.7 pts
6 months	+48.7%	not published	+67.4%	not published	−18.7 pts	not published
Since launch ASMU Feb 2026 · ASMZ Jun 2026	+27.4%	−23.8%	+53.3%	−17.6%	−25.9 pts	−6.2 pts

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

On the same fields

ASMU

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

ASMZ

Corgi ASML 2x Daily ETF · Aims to return twice the daily move of ASML Holding (ASML)

Issuer Direxion Corgi

Sets out to return +2x +2x

Underlying asset ASML ASML

Segment company company

Fund returned, 3 months or since launch −10.1% −9.9%

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 −7.0 pts −6.7 pts

Fund returned, 1 year or since launch +27.4% −23.8%

Difference from stated, over that window −25.9 pts −6.2 pts

Underlying volatility 42% 42%

Difference over the days both have traded −7.0 pts −6.7 pts

Expense ratio 0.97% 0.45%

Launched Feb 11, 2026 Jun 30, 2026

Net assets $11m $426,208

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

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. 4.2 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 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.

ASMZ in plain words

Three months to Sep 30, 2026: ASMZ returned −9.9% where its own daily promise gave −7.3%, 2.6 points short. Read the multiple against the whole window instead and 2 times ASML's −1.6% implies −3.1%, which makes ASMZ look 6.7 points short. ASMZ aims to return +2 times ASML's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, ASMU or ASMZ?: Over the window to Sep 30, 2026, ASMU finished 7.0 points from what its multiple implies and ASMZ finished 6.7 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 Holding, 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 42% annualized and ASMZ’s at 42%, 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

ASMU vs ASMG ASMZ vs ASMG

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

Where these figures came from

ASMU filings on SEC EDGAR ↗ASMU prospectus with the expense ratio (SEC) ↗Direxion website ↗ASMZ filings on SEC EDGAR ↗ASMZ prospectus with the expense ratio (SEC) ↗Corgi 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, ASMU against ASMZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/asmu-vs-asmz

Open data

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