# Leverage Shares 2x Micron Technology ETP (2MU) **Page:** https://fundology.uk/fund/2mu · ISIN IE00BKT66K01 ## 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 13/11/2026, 2MU (Leverage Shares 2x Micron Technology ETP, ISIN IE00BKT66K01) closed at £365.00 on the London Stock Exchange. Its ongoing charge is 2.28% a year (about £228 on £10,000). Over the five years to 13/11/2026 its price changed by +1167.4%, or +889.2% 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: **£365.00** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 2MU | | ISIN | IE00BKT66K01 | | Also listed as | 2MUE (London Stock Exchange, euros), MU2 (London Stock Exchange, US dollars) | | 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 | £9.5m | | Launched | 2020 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/07/2021 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +413.38% | +395.20% | income reinvested | | 3 years | +2147.03% | +1930.13% | income reinvested | | 5 years | +1167.36% | +889.25% | price only | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK 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 −25.6%, 2025 +568.7%; 2026 to 13/11/2026 +208.0%. 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: +1445.0%; to 30/09/2025: +95.8%; to 30/09/2024: +72.4%; to 30/09/2023: +29.4%; to 30/09/2022: −50.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -76.4% | -78.4% | Price | | 2023 | +142.9% | +133.3% | Price | | 2024 | -25.6% | -28.1% | Price | | 2025 | +568.7% | +545.8% | Price | | 2026 to 13/11/2026 | +208.0% | +198.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 158.57% | -73.42% | | 3 years | 132.96% | -86.11% | | 5 years | 116.34% | -86.11% | ## Largest fall Volatility of Leverage Shares 2x Micron Technology ETP in pounds, annualised from weekly returns to 13/11/2026: 158.6% over 1 year, 133.0% over 3 years, 116.3% over 5 years. Largest fall in the price of Leverage Shares 2x Micron Technology ETP since November 2021, in pounds: −86.1% from 21/06/2024 to 18/04/2025. On 13/11/2026 the price of Leverage Shares 2x Micron Technology ETP was 68.4% below its highest weekly close since November 2021 (26/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Leverage Shares 2x Micron Technology ETP 2.28% a year. Compared on 14/11/2026, 83 of the 210 other leveraged and inverse products charge more, 12 the same and 115 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **2.28%** per year (as of 14/10/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of 2MU?** The ongoing charge of 2MU 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. Platform and dealing fees are charged separately. Ongoing charge of Leverage Shares 2x Micron Technology ETP 2.28% a year. Compared on 14/11/2026, 83 of the 210 other leveraged and inverse products charge more, 12 the same and 115 less (share classes counted once). **What does 2MU track?** 2MU tracks the iSTOXX Leveraged 2X MU Index. **Is 2MU accumulating or distributing?** 2MU is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of 2MU?** The ISIN of 2MU is IE00BKT66K01. An ISIN identifies one exact share class of a fund; 2MU is its ticker on the London Stock Exchange. The same share class is also listed as 2MUE (London Stock Exchange, euros) and MU2 (London Stock Exchange, US dollars). **What were 2MU’s returns in each of the last five years?** Calendar-year returns of 2MU in pounds (price, with income reinvested in the fund): 2022 −76.4%, 2023 +142.9%, 2024 −25.6%, 2025 +568.7%; 2026 to 13/11/2026 +208.0%. Past performance is not a guide to future returns. **How has 2MU done after inflation?** Over the five years to 13/11/2026 2MU’s price changed by +1167.4%, or +889.2% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.