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

Over the window to Sep 30, 2026, MIC finished 18.0 points from what its multiple implies and MUZ finished 36.8 points from its own, so MIC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are MIC and MUZ levered on the same thing?

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

Which one decays faster, MIC or MUZ?

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

Can I hold MIC or MUZ 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 MUZ?

MIC charges 0.45% a year and MUZ charges 1.31%, so MIC is cheaper. Fees come from each fund's prospectus.

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MIC vs MUZ: which held to its multiple?

Over three months against its own daily promise, MIC finished 4.4 points short and MUZ 3.1 points short. Corgi MU 2x Daily ETF and Defiance Daily Target 2X Short MU ETF.

−11.6%

MIC returned, 3 months

−43.2%

MUZ returned, 3 months

−18.0 pts

MIC from its stated multiple

−36.8 pts

MUZ 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%

MUZ · 3 months to Sep 30, 202636.8 pts short of its stated multiple

MUZ returned −43.2% while −2 times MU's move would have been −6.4%

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

MIC among the 470 leveraged ETFs, long, over three months

MIC 18.4

0.1, the lowest in this set99.9, the highest

MUZ among the 125 inverse ETFs over three months

MUZ 6

0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. MUZ is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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	MIC	MUZ	MIC	MUZ	MIC	MUZ
1 month	+20.4%	−25.8%	+22.2%	−22.2%	−1.8 pts	−3.6 pts
3 months	−11.6%	−43.2%	+6.4%	−6.4%	−18.0 pts	−36.8 pts
Since launch MIC Jun 2026 · MUZ Jun 2026	−29.2%	−67.1%	−15.4%	−27.6%	−13.8 pts	−39.5 pts

MIC and MUZ 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)

MUZ

Defiance Daily Target 2X Short MU ETF · Aims to return twice the opposite of the daily move of Micron Technology (MU)

Issuer Corgi Defiance

Sets out to return +2x -2x

Underlying asset MU MU

Segment company company

Fund returned, 3 months or since launch −11.6% −43.2%

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

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

Difference from stated, over that window −18.0 pts −36.8 pts

Fund returned, 1 year or since launch −29.2% −67.1%

Difference from stated, over that window −13.8 pts −39.5 pts

Underlying volatility 76% 76%

Difference over the days both have traded −1.8 pts no shared window

Expense ratio 0.45% 1.31%

Launched Jun 30, 2026 Jun 9, 2026

Net assets $1m $43m

MIC and MUZ 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.

MUZ in plain words

Three months to Sep 30, 2026: MUZ returned −43.2% where its own daily promise gave −40.1%, 3.1 points short. Read the multiple against the whole window instead and −2 times MU's 3.2% implies −6.4%, which makes MUZ look 36.8 points short. 33.7 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. MUZ aims to return -2 times MU's move each day, then resets. 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.

Questions people ask

Which came closer to its stated multiple, MIC or MUZ?: Over the window to Sep 30, 2026, MIC finished 18.0 points from what its multiple implies and MUZ finished 36.8 points from its own, so MIC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are MIC and MUZ levered on the same thing?: Yes. Both are levered on Micron Technology, MIC at +2 times and MUZ at -2 times the daily move.
Which one decays faster, MIC or MUZ?: Decay follows how much the underlying moves about. Over this window MIC’s moved at 76% annualized and MUZ’s at 76%, so MIC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold MIC or MUZ 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 MUZ?: MIC charges 0.45% a year and MUZ charges 1.31%, so MIC is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

MIC on its own →MUZ 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 ↗MUZ filings on SEC EDGAR ↗MUZ prospectus with the expense ratio (SEC) ↗Defiance page for MUZ ↗

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 MUZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/mic-vs-muz

Open data

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