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MUG

The fund does not yet have enough measurable history for a letter. Young funds age in naturally as their record builds; nothing is wrong.Chicago Board Options Exchange

Themes ETF Trust - Leverage Shares 2X Long MU Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2026-08-19

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$18.67−0.87 (−4.46%)

As of Sep 23, 2026, 3:02 PM EDT

History starts Aug 19, 2026.History starts Aug 19, 2026.History starts Aug 19, 2026.
Intraday session: down, 28 prints from 19.54 to 18.67. Range 18.50 to 19.49. Use the arrow keys to read each point.$18.40$18.80$19.20$19.6010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$0M
1Y return
—
Yield · Last 12 months
3.14%
Holdings
4
Volume · 30D
0M sh
NAV per share
$16.90
52W range
low $13.50high $18.45

MUG Holdings

As of Sep 21, 2026, 6:59 PM
Asset class
Stocks
Holdings
4
Top-10 weight
214%
Largest holding
MICRON TECHNOLOGY, INC.-SWAP-CLST-L71.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—MICRON TECHNOLOGY, INC.-SWAP-CLST-L71.08%116$112K2
002—MICRON TECHNOLOGY, INC.-SWAP-CANT-L67.41%110$106K1
003—MICRON TECHNOLOGY, INC.-SWAP-MREX-L61.28%100$97K4
004—First American Treasury Obligations Fund 01/01/204013.81%21,795$22K149

Showing 1–4 of 4 holdings

MUG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MUG$8,745
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,127
Aug 21, 2026 to Sep 21, 2026. MUG $8,745. SPY $10,127. Use the arrow keys to read each point.$6,615$8,696$10,777Aug 21Sep 4Sep 21

Aug 21, 2026 – Sep 21, 2026

Returns run to the Sep 21, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MUG. Periods over one year show the average yearly return.
PeriodMUG
Year to dateFund launched this year—
1 month−12.5%
3 monthsFund is under 3 months old—
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MUG
YearReturn barMUG
2026 YTD−14.2%

Since listing, Aug 19, 2026

MUG in the news

ETF.net Research hasn’t filed on MUG yet — coverage lands here as it’s written.

MUG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 21, 2026.
3.14%Last 12 months
Payout per share
$0.56Last 12 months
Last payment
$0.27 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2021–2026

One bar per payment. 10 payments from 2021 to 2026 YTD. Sep 29, 2021 $0.35; Mar 30, 2022 $0.26; Sep 29, 2022 $0.28; Mar 30, 2023 $0.28; Sep 28, 2023 $0.25; Mar 28, 2024 $0.24; Sep 27, 2024 $0.28; Mar 28, 2025 $0.31; Sep 29, 2025 $0.29; Mar 30, 2026 $0.27. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Mar 30, 2027Pays Mar 30, 2027$0.31
Sep 29, 2026Pays Sep 29, 2026$0.31
Mar 30, 2026Jun 9, 2026$0.27
Sep 29, 2025Dec 5, 2025$0.29
Mar 28, 2025Jun 6, 2025$0.31
Sep 27, 2024Dec 5, 2024$0.28
Mar 28, 2024Jun 6, 2024$0.24
Sep 28, 2023Dec 6, 2023$0.25
Mar 30, 2023Jun 8, 2023$0.28
Sep 29, 2022Dec 6, 2022$0.28
Mar 30, 2022Jun 9, 2022$0.26
Sep 29, 2021Dec 6, 2021$0.35

MUG Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Aug 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Aug 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Aug 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.80
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MUG Cost

Expense ratio0.99%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

165 of the 329 Single-Stock Long Leveraged funds charge less.

MUG costs $99.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.