Which came closer to its stated multiple, MIC or MUG?

Over the window to Sep 30, 2026, MIC finished 18.0 points from what its multiple implies and MUG finished 0.8 points from its own, so MUG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are MIC and MUG levered on the same thing?

Yes. Both are levered on Micron Technology, MIC at +2 times and MUG at +2 times the daily move.

Which one decays faster, MIC or MUG?

Decay follows how much the underlying moves about. Over this window MIC’s moved at 76% annualized and MUG’s at 49%, so MIC has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold MIC or MUG 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, MIC or MUG?

MIC charges 0.45% a year and MUG charges 0.99%, so MIC is cheaper. Fees come from each fund's prospectus.

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MIC vs MUG: which held to its multiple?

Over the days both have traded, MIC finished 1.8 points from its stated multiple and MUG 0.8. Corgi MU 2x Daily ETF and Leverage Shares 2X Long MU Daily ETF.

−11.6%

MIC returned, 3 months

+28.5%

MUG returned, since launch

−18.0 pts

MIC from its stated multiple

+1.2 pts

MUG from its stated multiple

MIC · 3 months to Sep 30, 202618 pts short of its stated multiple

MIC returned −11.6% while 2 times MU's move would have been +6.4%

MUG · 1 month to Sep 30, 20260.8 pts short of its stated multiple

MUG returned +21.4% while 2 times MU's move would have been +22.2%

Performance, window by window

	Total return		Multiple would give		Difference
Window	MIC	MUG	MIC	MUG	MIC	MUG
1 month	+20.4%	+21.4%	+22.2%	+22.2%	−1.8 pts	−0.8 pts
3 months	−11.6%	not published	+6.4%	not published	−18.0 pts	not published
Since launch MIC Jun 2026 · MUG Aug 2026	−29.2%	+28.5%	−15.4%	+27.3%	−13.8 pts	+1.2 pts

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

On the same fields

MIC

Corgi MU 2x Daily ETF · Aims to return twice the daily move of Micron Technology (MU)

MUG

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

Issuer Corgi Leverage Shares

Sets out to return +2x +2x

Underlying asset MU MU

Segment company company

Fund returned, 3 months or since launch −11.6% +21.4%

Underlying returned, over that window +3.2% +11.1%

What the stated multiple implies, over that window +6.4% +22.2%

Difference from stated, over that window −18.0 pts −0.8 pts

Fund returned, 1 year or since launch −29.2% +28.5%

Difference from stated, over that window −13.8 pts +1.2 pts

Underlying volatility 76% 49%

Difference over the days both have traded −1.8 pts −0.8 pts

Expense ratio 0.45% 0.99%

Launched Jun 30, 2026 Aug 19, 2026

Net assets $1m $1m

MIC and MUG on the same fields, as of Sep 30, 2026. Source: ETFIQ.

MIC in plain words

Three months to Sep 30, 2026: MIC returned −11.6% where its own daily promise gave −7.2%, 4.4 points short. Read the multiple against the whole window instead and 2 times MU's 3.2% implies +6.4%, which makes MIC look 18.0 points short. 13.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. MIC aims to return +2 times MU'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. MU moved at 76% 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.

MUG in plain words

One month to Sep 30, 2026: MUG returned +21.4% where its own daily promise gave +21.0%, 0.4 points over. Read the multiple against the whole window instead and 2 times MU's 11.1% implies +22.2%, which makes MUG look 0.8 points short. 1.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. MUG aims to return +2 times MU's move each day, then resets. MU moved at 49% annualized over that window.

Questions people ask

Which came closer to its stated multiple, MIC or MUG?: Over the window to Sep 30, 2026, MIC finished 18.0 points from what its multiple implies and MUG finished 0.8 points from its own, so MUG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are MIC and MUG levered on the same thing?: Yes. Both are levered on Micron Technology, MIC at +2 times and MUG at +2 times the daily move.
Which one decays faster, MIC or MUG?: Decay follows how much the underlying moves about. Over this window MIC’s moved at 76% annualized and MUG’s at 49%, so MIC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold MIC or MUG 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, MIC or MUG?: MIC charges 0.45% a year and MUG charges 0.99%, so MIC is cheaper. Fees come from each fund's prospectus.

Other comparisons

MIC vs MUD MIC vs MULL MIC vs MUU MIC vs MUZ MUG vs MULL MUG vs MUU MUG vs MUZ MUG vs MUD

MIC on its own →MUG on its own →How every figure is computed →Standards and sources →

Where these figures came from

MIC filings on SEC EDGAR ↗MIC prospectus with the expense ratio (SEC) ↗Corgi website ↗Leverage Shares 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, MIC against MUG, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/mic-vs-mug

Open data

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