{"url":"https://etfiq.com/compare/leverage/muu-vs-muz","section":"compare","title":"MUU vs MUZ: which held to its multiple? | ETFIQ","description":"MUU sets out to return +2 times MU each day and MUZ -2 times. Over the three months to Sep 30, 2026 they finished \u221219.3 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, MUU or MUZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MUU finished 19.3 points from what its multiple implies and MUZ finished 36.8 points from its own, so MUU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are MUU and MUZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Micron Technology, MUU at +2 times and MUZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MUU or MUZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MUU\u2019s moved at 76% annualized and MUZ\u2019s at 76%, so MUU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold MUU 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, MUU or MUZ?","acceptedAnswer":{"@type":"Answer","text":"MUU charges 1.01% a year and MUZ charges 1.31%, so MUU 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":"MUU vs MUZ","item":"https://etfiq.com/compare/leverage/muu-vs-muz"}]},{"@type":"WebPage","name":"MUU vs MUZ: which held to its multiple?","description":"MUU sets out to return +2 times MU each day and MUZ -2 times. Over the three months to Sep 30, 2026 they finished \u221219.3 pts and \u221236.8 pts away.","url":"https://etfiq.com/compare/leverage/muu-vs-muz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, MUU finished 5.8 points short 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 MUU and MUZ","description":"MUU sets out to return +2 times MU each day and MUZ -2 times. Over the three months to Sep 30, 2026 they finished \u221219.3 pts and \u221236.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/muu-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":7118,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MUU vs MUZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MUU vs MUZ: which held to its multiple?\n\n Over three months against its own daily promise, MUU finished 5.8 points short and MUZ 3.1 points short.\n Copy this for sharing \n \n Direxion Daily MU Bull 2X ETF and Defiance Daily Target 2X Short MU ETF.\n\n Download as PDF \n\n \u221212.9% MUU returned, 3 months \n \u221243.2% MUZ returned, 3 months \n \u221219.3 pts MUU from its stated multiple \n \u221236.8 pts MUZ from its stated multiple \n\n ETFIQ Decay Resistance Score: MUU scores higher\n Did it keep u","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/muu-vs-muz","a":{"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"}]},"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/muu-vs-muz"}