# MIC (Corgi MU 2x Daily ETF)

Corgi · Leveraged ETFs · data as of Sep 11, 2026

One month to Sep 11, 2026: MIC returned +10.7% where its own daily promise gave +11.8%, 1.1 points short.

## Key facts

- MIC, what MU did: +7.0%, as of Sep 11, 2026.
- MIC, what +2 times a day gives: +11.8%, as of Sep 11, 2026.
- MIC, what the fund returned: +10.7%, as of Sep 11, 2026.
- MIC, the fund itself cost: −1.1 pts, as of Sep 11, 2026.
- MIC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).
- MIC, underlying: MU, as of Sep 11, 2026.

## MIC over each window to Sep 11, 2026

| Window | Fund | MU | +2x the move | Difference | MU moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +10.7% | +7.0% | +14.0% | −3.4 pts | 53% |
| Since launch | −39.7% | −15.5% | −31.0% | −8.7 pts | 84% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MU, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.52 times, against +2 stated | ETFIQ |
| Underlying | MU | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jun 30, 2026 | ETFIQ |
| Underlying volatility over the window | 53% annualized | ETFIQ |

## Questions

### Did MIC return +2 times MU?

Over the window to Sep 11, 2026, MU moved +7.0% and MIC returned +10.7%. 2 times that move is +14.0%, so the fund came out 3.4 points short of it.

### Why does MIC not return +2 times over a year?

Because it resets daily. MIC aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x MU ETF tracked its stated multiple most closely?

4 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, MIC, data as of Sep 11, 2026. https://etfiq.com/funds/MIC
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/MIC  ·  JSON: https://etfiq.com/funds/MIC.json