{"url":"https://etfiq.com/compare/leverage/mug-vs-mull","section":"compare","title":"MUG vs MULL: which held to its multiple? | ETFIQ","description":"MUG sets out to return +2 times MU each day and MULL +2 times. Over the month to Sep 30, 2026 they finished \u22120.8 pts and \u22122.4 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, MUG or MULL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MUG finished 0.8 points from what its multiple implies and MULL finished 18.7 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 MUG and MULL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Micron Technology, MUG at +2 times and MULL at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MUG or MULL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MUG\u2019s moved at 49% annualized and MULL\u2019s at 76%, so MULL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold MUG or MULL 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, MUG or MULL?","acceptedAnswer":{"@type":"Answer","text":"MUG charges 0.99% a year and MULL charges 1.50%, 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":"MUG vs MULL","item":"https://etfiq.com/compare/leverage/mug-vs-mull"}]},{"@type":"WebPage","name":"MUG vs MULL: which held to its multiple?","description":"MUG sets out to return +2 times MU each day and MULL +2 times. Over the month to Sep 30, 2026 they finished \u22120.8 pts and \u22122.4 pts away.","url":"https://etfiq.com/compare/leverage/mug-vs-mull","dateModified":"2026-09-30","abstract":"Over the days both have traded, MUG finished 0.8 points from its stated multiple and MULL 2.4.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of MUG and MULL","description":"MUG sets out to return +2 times MU each day and MULL +2 times. Over the month to Sep 30, 2026 they finished \u22120.8 pts and \u22122.4 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/mug-vs-mull","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":6295,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MUG vs MULL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MUG vs MULL: which held to its multiple?\n\n Over the days both have traded, MUG finished 0.8 points from its stated multiple and MULL 2.4.\n Copy this for sharing \n \n Leverage Shares 2X Long MU Daily ETF and GraniteShares 2x Long MU Daily ETF.\n\n Download as PDF \n\n +28.5% MUG returned, since launch \n \u221212.3% MULL returned, 3 months \n +1.2 pts MUG from its stated multiple \n \u221218.7 pts MULL from its stated multiple \n\n MUG 0.8 pts short of its stated multiple \u00b7 1 month to Sep 30,","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/mug-vs-mull","a":{"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"}]},"b":{"ticker":"MULL","name":"GraniteShares 2x Long MU Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MULL returned \u221212.3% where its own daily promise gave \u22127.2%, 5.1 points short.","url":"https://etfiq.com/funds/mull","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":"\u221212.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22125.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$779m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"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/mug-vs-mull"}