{"url":"https://etfiq.com/compare/leverage/ethd-vs-evmu","section":"compare","title":"ETHD vs EVMU: which held to its multiple? | ETFIQ","description":"ETHD sets out to return -2 times ETHA each day and EVMU +2 times. Over the three months to Sep 30, 2026 they finished +60.5 pts and +18.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, ETHD or EVMU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, ETHD finished 60.5 points from what its multiple implies and EVMU finished 18.5 points from its own, so EVMU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are ETHD and EVMU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on ether, ETHD at -2 times and EVMU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, ETHD or EVMU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window ETHD\u2019s moved at 48% annualized and EVMU\u2019s at 48%, so ETHD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold ETHD or EVMU for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, ETHD or EVMU?","acceptedAnswer":{"@type":"Answer","text":"ETHD charges 0.95% a year and EVMU charges 1.03%, so ETHD is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"ETHD vs EVMU","item":"https://etfiq.com/compare/leverage/ethd-vs-evmu"}]},{"@type":"WebPage","name":"ETHD vs EVMU: which held to its multiple?","description":"ETHD sets out to return -2 times ETHA each day and EVMU +2 times. Over the three months to Sep 30, 2026 they finished +60.5 pts and +18.5 pts away.","url":"https://etfiq.com/compare/leverage/ethd-vs-evmu","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, ETHD finished 0.3 points over and EVMU 8.9 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of ETHD and EVMU","description":"ETHD sets out to return -2 times ETHA each day and EVMU +2 times. Over the three months to Sep 30, 2026 they finished +60.5 pts and +18.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ethd-vs-evmu","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7181,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / ETHD vs EVMU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n ETHD vs EVMU: which held to its multiple?\n\n Over three months against its own daily promise, ETHD finished 0.3 points over and EVMU 8.9 points short.\n Copy this for sharing \n \n ProShares UltraShort Ether ETF and Direxion Daily Ether Bull 2X ETF.\n\n Download as PDF \n\n \u221269.5% ETHD returned, 3 months \n +148.6% EVMU returned, 3 months \n +60.5 pts ETHD from its stated multiple \n +18.5 pts EVMU from its stated multiple \n\n ETFIQ Decay Resistance Score: ETHD scores higher\n Did it","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/ethd-vs-evmu","a":{"ticker":"ETHD","name":"ProShares UltraShort Ether ETF","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: ETHD returned \u221269.5% where its own daily promise gave \u221269.8%, 0.3 points over.","url":"https://etfiq.com/funds/ethd","key_facts":[{"label":"What ETHA did","value":"+65.0%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221269.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221269.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$59m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"EVMU","name":"Direxion Daily Ether Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: EVMU returned +148.6% where its own daily promise gave +157.5%, 8.9 points short.","url":"https://etfiq.com/funds/evmu","key_facts":[{"label":"What ETHA did","value":"+65.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+157.5%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+148.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22128.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.03%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 29, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/ethd-vs-evmu"}