{"url":"https://etfiq.com/compare/leverage/mud-vs-mug","section":"compare","title":"MUD vs MUG: which held to its multiple? | ETFIQ","description":"MUD sets out to return -1 times MU each day and MUG +2 times. Over the month to Sep 30, 2026 they finished \u22120.6 pts and \u22120.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, MUD or MUG?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MUD finished 11.3 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."}},{"@type":"Question","name":"Are MUD and MUG levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Micron Technology, MUD at -1 times and MUG at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MUD or MUG?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MUD\u2019s moved at 76% annualized and MUG\u2019s at 49%, so MUD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold MUD or MUG 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, MUD or MUG?","acceptedAnswer":{"@type":"Answer","text":"MUD charges 1.02% a year and MUG charges 0.99%, so MUG 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":"MUD vs MUG","item":"https://etfiq.com/compare/leverage/mud-vs-mug"}]},{"@type":"WebPage","name":"MUD vs MUG: which held to its multiple?","description":"MUD sets out to return -1 times MU each day and MUG +2 times. Over the month to Sep 30, 2026 they finished \u22120.6 pts and \u22120.8 pts away.","url":"https://etfiq.com/compare/leverage/mud-vs-mug","dateModified":"2026-09-30","abstract":"Over a month against its own daily promise, MUD finished 0.1 points over and MUG 0.4 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 MUD and MUG","description":"MUD sets out to return -1 times MU each day and MUG +2 times. Over the month to Sep 30, 2026 they finished \u22120.6 pts and \u22120.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/mud-vs-mug","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":6438,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MUD vs MUG \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MUD vs MUG: which held to its multiple?\n\n Over a month against its own daily promise, MUD finished 0.1 points over and MUG 0.4 points over.\n Copy this for sharing \n \n Direxion Daily MU Bear 1X ETF and Leverage Shares 2X Long MU Daily ETF.\n\n Download as PDF \n\n \u221214.5% MUD returned, 3 months \n +28.5% MUG returned, since launch \n \u221211.3 pts MUD from its stated multiple \n +1.2 pts MUG from its stated multiple \n\n MUD 11.3 pts short of its stated multiple \u00b7 3 months to Sep 30, 202","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/mud-vs-mug","a":{"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"}]},"b":{"ticker":"MUG","name":"Leverage Shares 2X Long MU Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: MUG returned +21.4% where its own daily promise gave +21.0%, 0.4 points over.","url":"https://etfiq.com/funds/mug","key_facts":[{"label":"What MU did","value":"+11.1%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+21.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+21.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.99%","as_of":"2026-09-30","source":"issuer page"}]},"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/mud-vs-mug"}