# Leverage Shares 2x Micron Technology ETP (2MU)

**Source:** https://fundology.uk/fund/2mu · ISIN IE00BKT66K01 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 30/09/2026, 2MU (Leverage Shares 2x Micron Technology ETP, ISIN IE00BKT66K01) closed at £815.00 on the London Stock Exchange. Its ongoing charge is 2.28% a year (about £228 on £10,000). Over the five years to 30/09/2026 its total return was +4978.6%, or +3870.1% after UK CPIH inflation.

## Summary

Leverage Shares 2x Micron Technology ETP is an exchange-traded product from Leverage Shares, launched in 2020. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 2.28% a year — about £228 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

> **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started.

Latest close: **£815.00** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 2MU |
| ISIN | IE00BKT66K01 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | iSTOXX Leveraged 2X MU Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 2.28% a year (£228 per £10,000) |
| Fund size | £17.2m |
| Launched | 2020 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +1967.84% | +1902.95% | income reinvested |
| 3 years | +4972.51% | +4505.58% | price only |
| 5 years | +4978.59% | +3870.08% | income reinvested |

Returns: TradingView (delayed data) and Fundology, from recorded daily closes. Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Leverage Shares 2x Micron Technology ETP in pounds (price, with income reinvested in the fund): 2022 −76.4%, 2023 +142.9%, 2024 −26.3%, 2025 +451.5%; 2026 to 30/09/2026 +742.4%. Returns of Leverage Shares 2x Micron Technology ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +2139.0%; to 30/09/2025: +35.1%; to 30/09/2024: +72.4%; to 30/09/2023: +29.4%; to 30/09/2022: −53.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -76.4% | -78.4% | Price |
| 2023 | +142.9% | +133.3% | Price |
| 2024 | -26.3% | -28.8% | Price |
| 2025 | +451.5% | +432.5% | Price |
| 2026 to 30/09/2026 | +742.4% | +718.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 149.10% | -49.78% |
| 3 years | 129.53% | -86.11% |
| 5 years | 113.93% | -86.11% |

## Largest fall

Volatility of Leverage Shares 2x Micron Technology ETP in pounds, annualised from weekly returns to 30/09/2026: 149.1% over 1 year, 129.5% over 3 years, 113.9% over 5 years. Largest fall in the price of Leverage Shares 2x Micron Technology ETP since October 2021, in pounds: −86.1% from 21/06/2024 to 18/04/2025. On 30/09/2026 the price of Leverage Shares 2x Micron Technology ETP was 29.4% below its highest weekly close since October 2021 (26/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares 2x Micron Technology ETP 2.28% a year, as of 01/10/2026: 80 of the 280 other leveraged and inverse products charge more, 12 the same and 188 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **2.28%** per year
- ISA eligible: yes
- SIPP eligible: yes

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.