# MUG (Leverage Shares 2X Long MU Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 30, 2026

One month to Sep 30, 2026: MUG returned +21.4% where its own daily promise gave +21.0%, 0.4 points over.

## Key facts

- MUG, what MU did: +11.1%, as of Sep 30, 2026.
- MUG, what 2 times a day gives: +21.0%, as of Sep 30, 2026.
- MUG, what the fund returned: +21.4%, as of Sep 30, 2026.
- MUG, the fund itself added: +0.4 pts, as of Sep 30, 2026.
- MUG, net assets: $1m (issuer page, as of Sep 29, 2026).
- MUG, expense ratio: 0.99% (issuer page).

## MUG over each window to Sep 30, 2026

| Window | Fund | MU | +2x the move | Difference | MU moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +21.4% | +11.1% | +22.2% | −0.8 pts | 49% |
| Since launch | +28.5% | +13.7% | +27.3% | +1.2 pts | 48% |

## 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 | +1.92 times, against +2 stated | ETFIQ |
| Underlying | MU | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 0.99% | issuer page |
| Launched | Aug 19, 2026 | ETFIQ |
| Underlying volatility over the window | 49% annualized | ETFIQ |

## Questions

### Did MUG return +2 times MU?

Over the window to Sep 30, 2026, MU moved +11.1% and MUG returned +21.4%. 2 times that move is +22.2%, so the fund came out 0.8 points short of it.

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

Because it resets daily. MUG 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, MUG, data as of Sep 30, 2026. https://etfiq.com/funds/mug
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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