Which came closer to its stated multiple, MCHG or MCHU?

Over the window to Sep 30, 2026, MCHG finished 7.2 points from what its multiple implies and MCHU finished 5.2 points from its own, so MCHU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are MCHG and MCHU levered on the same thing?

Yes. Both are levered on Microchip Technology, MCHG at +2 times and MCHU at +2 times the daily move.

Which one decays faster, MCHG or MCHU?

Decay follows how much the underlying moves about. Over this window MCHG’s moved at 52% annualized and MCHU’s at 52%, so MCHG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold MCHG or MCHU 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, MCHG or MCHU?

MCHG charges 0.99% a year and MCHU charges 1.30%, so MCHG is cheaper. Fees come from each fund's prospectus.

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MCHG vs MCHU: which held to its multiple?

Over the days both have traded, MCHG finished 7.2 points from its stated multiple and MCHU 5.2. Leverage Shares 2X Long MCHP Daily ETF and Tradr 2X Long MCHP Daily ETF.

−30.7%

MCHG returned, 3 months

−28.8%

MCHU returned, 3 months

−7.2 pts

MCHG from its stated multiple

−5.2 pts

MCHU from its stated multiple

MCHG · 3 months to Sep 30, 20267.2 pts short of its stated multiple

MCHG returned −30.7% while 2 times MCHP's move would have been −23.5%

MCHU · 3 months to Sep 30, 20265.2 pts short of its stated multiple

MCHU returned −28.8% while 2 times MCHP's move would have been −23.5%

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

MCHG 28.2

MCHU 81.1

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	MCHG	MCHU	MCHG	MCHU	MCHG	MCHU
1 month	+9.4%	+10.5%	+11.8%	+11.8%	−2.3 pts	−1.2 pts
3 months	−30.7%	−28.8%	−23.5%	−23.5%	−7.2 pts	−5.2 pts
Since launch MCHG Jun 2026 · MCHU May 2026	−41.4%	−42.2%	−36.4%	−37.1%	−5.1 pts	−5.1 pts

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

On the same fields

MCHG

Leverage Shares 2X Long MCHP Daily ETF · Aims to return twice the daily move of Microchip Technology (MCHP)

MCHU

Tradr 2X Long MCHP Daily ETF · Aims to return twice the daily move of Microchip Technology (MCHP)

Issuer Leverage Shares Tradr

Sets out to return +2x +2x

Underlying asset MCHP MCHP

Segment company company

Fund returned, 3 months or since launch −30.7% −28.8%

Underlying returned, over that window −11.8% −11.8%

What the stated multiple implies, over that window −23.5% −23.5%

Difference from stated, over that window −7.2 pts −5.2 pts

Fund returned, 1 year or since launch −41.4% −42.2%

Difference from stated, over that window −5.1 pts −5.1 pts

Underlying volatility 52% 52%

Difference over the days both have traded −7.2 pts −5.2 pts

Expense ratio 0.99% 1.30%

Launched Jun 16, 2026 May 28, 2026

Net assets $574,700 $495,883

MCHG and MCHU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

MCHG in plain words

Three months to Sep 30, 2026: MCHG returned −30.7% where its own daily promise gave −27.1%, 3.6 points short. Read the multiple against the whole window instead and 2 times MCHP's −11.8% implies −23.5%, which makes MCHG look 7.2 points short. 3.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. MCHG aims to return +2 times MCHP'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. MCHP moved at 52% 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.

MCHU in plain words

Three months to Sep 30, 2026: MCHU returned −28.8% where its own daily promise gave −27.1%, 1.7 points short. Read the multiple against the whole window instead and 2 times MCHP's −11.8% implies −23.5%, which makes MCHU look 5.2 points short. MCHU aims to return +2 times MCHP's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, MCHG or MCHU?: Over the window to Sep 30, 2026, MCHG finished 7.2 points from what its multiple implies and MCHU finished 5.2 points from its own, so MCHU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are MCHG and MCHU levered on the same thing?: Yes. Both are levered on Microchip Technology, MCHG at +2 times and MCHU at +2 times the daily move.
Which one decays faster, MCHG or MCHU?: Decay follows how much the underlying moves about. Over this window MCHG’s moved at 52% annualized and MCHU’s at 52%, so MCHG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold MCHG or MCHU 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, MCHG or MCHU?: MCHG charges 0.99% a year and MCHU charges 1.30%, so MCHG is cheaper. Fees come from each fund's prospectus.

Other comparisons

MCHG on its own →MCHU on its own →How every figure is computed →Standards and sources →

Where these figures came from

MCHG filings on SEC EDGAR ↗MCHG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗MCHU filings on SEC EDGAR ↗MCHU prospectus with the expense ratio (SEC) ↗Tradr 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, MCHG against MCHU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/mchg-vs-mchu

Open data

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