{"url":"https://etfiq.com/compare/leverage/ethu-vs-evmu","section":"compare","title":"ETHU vs EVMU: which held to its multiple? | ETFIQ","description":"ETHU sets out to return +2 times ETHA each day and EVMU +2 times. Over the three months to Sep 30, 2026 they finished +20.8 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, ETHU or EVMU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, ETHU finished 20.8 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 ETHU and EVMU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on ether, ETHU at +2 times and EVMU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, ETHU or EVMU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window ETHU\u2019s moved at 48% annualized and EVMU\u2019s at 48%, so ETHU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold ETHU 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, ETHU or EVMU?","acceptedAnswer":{"@type":"Answer","text":"ETHU charges 2.97% a year and EVMU charges 1.03%, so EVMU 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":"ETHU vs EVMU","item":"https://etfiq.com/compare/leverage/ethu-vs-evmu"}]},{"@type":"WebPage","name":"ETHU vs EVMU: which held to its multiple?","description":"ETHU sets out to return +2 times ETHA each day and EVMU +2 times. Over the three months to Sep 30, 2026 they finished +20.8 pts and +18.5 pts away.","url":"https://etfiq.com/compare/leverage/ethu-vs-evmu","dateModified":"2026-09-30","abstract":"Over the days both have traded, ETHU finished 20.8 points from its stated multiple and EVMU 18.5.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of ETHU and EVMU","description":"ETHU sets out to return +2 times ETHA each day and EVMU +2 times. Over the three months to Sep 30, 2026 they finished +20.8 pts and +18.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ethu-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":6577,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / ETHU vs EVMU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n ETHU vs EVMU: which held to its multiple?\n\n Over the days both have traded, ETHU finished 20.8 points from its stated multiple and EVMU 18.5.\n Copy this for sharing \n \n 2x Ether ETF and Direxion Daily Ether Bull 2X ETF.\n\n Download as PDF \n\n +150.9% ETHU returned, 3 months \n +148.6% EVMU returned, 3 months \n +20.8 pts ETHU from its stated multiple \n +18.5 pts EVMU from its stated multiple \n\n ETFIQ Decay Resistance Score: ETHU scores higher\n Did it keep up with its own dai","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/ethu-vs-evmu","a":{"ticker":"ETHU","name":"2x Ether ETF","issuer":"Volatility Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: ETHU returned +150.9% where its own daily promise gave +157.5%, 6.6 points short.","url":"https://etfiq.com/funds/ethu","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":"+150.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22126.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.2bn","as_of":"2026-09-30","source":"issuer page, as of Sep 15, 2026"},{"label":"Expense ratio","value":"2.97%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 26, 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/ethu-vs-evmu"}