{"url":"https://etfiq.com/compare/leverage/mud-vs-muz","section":"compare","title":"MUD vs MUZ: which held to its multiple? | ETFIQ","description":"MUD sets out to return -1 times MU each day and MUZ -2 times. Over the three months to Sep 30, 2026 they finished \u221211.3 pts and \u221236.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, MUD or MUZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MUD finished 11.3 points from what its multiple implies and MUZ finished 36.8 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 MUD and MUZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Micron Technology, MUD at -1 times and MUZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MUD or MUZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MUD\u2019s moved at 76% annualized and MUZ\u2019s at 76%, so MUD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold MUD or MUZ 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 MUZ?","acceptedAnswer":{"@type":"Answer","text":"MUD charges 1.02% a year and MUZ charges 1.31%, so MUD 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 MUZ","item":"https://etfiq.com/compare/leverage/mud-vs-muz"}]},{"@type":"WebPage","name":"MUD vs MUZ: which held to its multiple?","description":"MUD sets out to return -1 times MU each day and MUZ -2 times. Over the three months to Sep 30, 2026 they finished \u221211.3 pts and \u221236.8 pts away.","url":"https://etfiq.com/compare/leverage/mud-vs-muz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, MUD finished 1.6 points over and MUZ 3.1 points short.","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 MUZ","description":"MUD sets out to return -1 times MU each day and MUZ -2 times. Over the three months to Sep 30, 2026 they finished \u221211.3 pts and \u221236.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/mud-vs-muz","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":6797,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MUD vs MUZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MUD vs MUZ: which held to its multiple?\n\n Over three months against its own daily promise, MUD finished 1.6 points over and MUZ 3.1 points short.\n Copy this for sharing \n \n Direxion Daily MU Bear 1X ETF and Defiance Daily Target 2X Short MU ETF.\n\n Download as PDF \n\n \u221214.5% MUD returned, 3 months \n \u221243.2% MUZ returned, 3 months \n \u221211.3 pts MUD from its stated multiple \n \u221236.8 pts MUZ from its stated multiple \n\n ETFIQ Decay Resistance Score: MUD scores higher\n Did it keep up","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-muz","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":"MUZ","name":"Defiance Daily Target 2X Short MU ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MUZ returned \u221243.2% where its own daily promise gave \u221240.1%, 3.1 points short.","url":"https://etfiq.com/funds/muz","key_facts":[{"label":"What MU did","value":"+3.2%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221240.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221243.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$43m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.31%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 25, 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/mud-vs-muz"}