{"url":"https://etfiq.com/compare/leverage/mug-vs-muu","section":"compare","title":"MUG vs MUU: which held to its multiple? | ETFIQ","description":"MUG sets out to return +2 times MU each day and MUU +2 times. Over the month to Sep 30, 2026 they finished \u22120.8 pts and \u22121.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, MUG or MUU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MUG finished 0.8 points from what its multiple implies and MUU finished 19.3 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 MUU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Micron Technology, MUG at +2 times and MUU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MUG or MUU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MUG\u2019s moved at 49% annualized and MUU\u2019s at 76%, so MUU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold MUG or MUU 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 MUU?","acceptedAnswer":{"@type":"Answer","text":"MUG charges 0.99% a year and MUU charges 1.01%, 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 MUU","item":"https://etfiq.com/compare/leverage/mug-vs-muu"}]},{"@type":"WebPage","name":"MUG vs MUU: which held to its multiple?","description":"MUG sets out to return +2 times MU each day and MUU +2 times. Over the month to Sep 30, 2026 they finished \u22120.8 pts and \u22121.3 pts away.","url":"https://etfiq.com/compare/leverage/mug-vs-muu","dateModified":"2026-09-30","abstract":"Over the days both have traded, MUG finished 0.8 points from its stated multiple and MUU 1.3.","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 MUU","description":"MUG sets out to return +2 times MU each day and MUU +2 times. Over the month to Sep 30, 2026 they finished \u22120.8 pts and \u22121.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/mug-vs-muu","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":6229,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MUG vs MUU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MUG vs MUU: which held to its multiple?\n\n Over the days both have traded, MUG finished 0.8 points from its stated multiple and MUU 1.3.\n Copy this for sharing \n \n Leverage Shares 2X Long MU Daily ETF and Direxion Daily MU Bull 2X ETF.\n\n Download as PDF \n\n +28.5% MUG returned, since launch \n \u221212.9% MUU returned, 3 months \n +1.2 pts MUG from its stated multiple \n \u221219.3 pts MUU from its stated multiple \n\n MUG 0.8 pts short of its stated multiple \u00b7 1 month to Sep 30, 2026 [MUG","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-muu","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":"MUU","name":"Direxion Daily MU Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MUU returned \u221212.9% where its own daily promise gave \u22127.2%, 5.8 points short.","url":"https://etfiq.com/funds/muu","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":"\u221212.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22125.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$4.4bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.01%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 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/mug-vs-muu"}