{"url":"https://etfiq.com/compare/leverage/mic-vs-mud","section":"compare","title":"MIC vs MUD: which held to its multiple? | ETFIQ","description":"MIC sets out to return +2 times MU each day and MUD -1 times. Over the three months to Sep 30, 2026 they finished \u221218.0 pts and \u221211.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, MIC or MUD?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MIC finished 18.0 points from what its multiple implies and MUD finished 11.3 points from its own, so MUD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are MIC and MUD levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Micron Technology, MIC at +2 times and MUD at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MIC or MUD?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MIC\u2019s moved at 76% annualized and MUD\u2019s at 76%, so MIC has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold MIC or MUD 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, MIC or MUD?","acceptedAnswer":{"@type":"Answer","text":"MIC charges 0.45% a year and MUD charges 1.02%, so MIC 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":"MIC vs MUD","item":"https://etfiq.com/compare/leverage/mic-vs-mud"}]},{"@type":"WebPage","name":"MIC vs MUD: which held to its multiple?","description":"MIC sets out to return +2 times MU each day and MUD -1 times. Over the three months to Sep 30, 2026 they finished \u221218.0 pts and \u221211.3 pts away.","url":"https://etfiq.com/compare/leverage/mic-vs-mud","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, MIC finished 4.4 points short and MUD 1.6 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of MIC and MUD","description":"MIC sets out to return +2 times MU each day and MUD -1 times. Over the three months to Sep 30, 2026 they finished \u221218.0 pts and \u221211.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/mic-vs-mud","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":7063,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MIC vs MUD \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MIC vs MUD: which held to its multiple?\n\n Over three months against its own daily promise, MIC finished 4.4 points short and MUD 1.6 points over.\n Copy this for sharing \n \n Corgi MU 2x Daily ETF and Direxion Daily MU Bear 1X ETF.\n\n Download as PDF \n\n \u221211.6% MIC returned, 3 months \n \u221214.5% MUD returned, 3 months \n \u221218.0 pts MIC from its stated multiple \n \u221211.3 pts MUD from its stated multiple \n\n ETFIQ Decay Resistance Score: MUD scores higher\n Did it keep up with its own da","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/mic-vs-mud","a":{"ticker":"MIC","name":"Corgi MU 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MIC returned \u221211.6% where its own daily promise gave \u22127.2%, 4.4 points short.","url":"https://etfiq.com/funds/mic","key_facts":[{"label":"What MU did","value":"+3.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u22127.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221211.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"b":{"ticker":"MUD","name":"Direxion Daily MU Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MUD returned \u221214.5% where its own daily promise gave \u221216.1%, 1.6 points over.","url":"https://etfiq.com/funds/mud","key_facts":[{"label":"What MU did","value":"+3.2%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u221216.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221214.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$31m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.02%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 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/mic-vs-mud"}