# MIC (Corgi MU 2x Daily ETF)

Corgi · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: MIC returned −11.6% where its own daily promise gave −7.2%, 4.4 points short.

## Key facts

- MIC, what MU did: +3.2%, as of Sep 30, 2026.
- MIC, what 2 times a day gives: −7.2%, as of Sep 30, 2026.
- MIC, what the fund returned: −11.6%, as of Sep 30, 2026.
- MIC, the fund itself cost: −4.4 pts, as of Sep 30, 2026.
- MIC, net assets: $1m (the issuer’s own daily fund list, as of Sep 30, 2026).
- MIC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## MIC over each window to Sep 30, 2026

| Window | Fund | MU | +2x the move | Difference | MU moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +20.4% | +11.1% | +22.2% | −1.8 pts | 49% |
| 3 months | −11.6% | +3.2% | +6.4% | −18.0 pts | 76% |
| Since launch | −29.2% | −7.7% | −15.4% | −13.8 pts | 78% |

## 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 | MU moved +3.2% over this window, too little to read a multiple from | ETFIQ |
| Underlying | MU | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jun 30, 2026 | ETFIQ |
| Underlying volatility over the window | 76% annualized | ETFIQ |

## Questions

### Did MIC return +2 times MU?

Over the window to Sep 30, 2026, MU moved +3.2% and MIC returned −11.6%. 2 times that move is +6.4%, so the fund came out 18.0 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 figure itself.


## Cite this page

ETFIQ, MIC, data as of Sep 30, 2026. https://etfiq.com/funds/mic
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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