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Dividend Vision

MUZ ETF — Defiance Daily Target 2X Short MU ETF

Defiance Daily Target 2X Short MU ETF (MUZ)

Updated October 16, 2026.

MUZ is an ETF linked to Micron Technology (MU). its expense ratio is 1.31%. Total return is -61.8% over the past 0.4 years, 46.7 points behind MU at -15.1%.

Defiance Daily Target 2X Short MU is an actively managed ETF that seeks to deliver twice the inverse daily performance of Micron Technology stock through derivatives such as swaps and options, making it a leveraged short bet on the semiconductor company. The fund does not distribute regular income and carries an expense ratio of 1.31%. It is designed for tactical traders seeking short-term directional exposure rather than income investors, and its daily reset mechanism means it is not intended as a long-term holding.

MUZ holdings and sector exposure

Holdings are not available for this snapshot.

Economic / reference exposure: MU (physical holdings below may be collateral and options, not the reference asset itself).

MUZ performance versus MU

Price and return data through 2026-10-16.

Total return is -61.8% over the past 0.4 years, 46.7 points behind MU at -15.1%.

WindowTotal returnCAGR
1M2.0%—
3M-41.8%—
YTD-61.8%—
Since inception (0.4 years)-61.8%—

MUZ key facts

Issuer
Defiance ETFs
Asset type
ETF
Asset class
Equity
Expense ratio
1.31%
Distribution frequency
None
Last close
$9.55 (as of 2026-10-16)
AUM
$10,800,000
Average volume
8548882.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Defiance ETFs or company page; Index: Micron Technology (MU); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MUZ risks and drawbacks

Total return has trailed MU over the available window.

Who may consider MUZ — and who may not

It is a weaker fit for investors who need monthly cash flow (MUZ does not currently distribute); investors whose main goal is matching MU total return. This is educational context, not a recommendation to buy or sell.

More on MUZ

Tagged: Leverage, Short.

Frequently asked questions

Does MUZ pay monthly?

No. MUZ does not currently distribute.

What is MUZ linked to?

MUZ is linked to Micron Technology (MU), not a broad market index.

What is MUZ's expense ratio?

MUZ's expense ratio is 1.31%.

When does MUZ pay a dividend?

MUZ does not currently distribute.

How has MUZ performed?

Total return is -61.8% over the past 0.4 years, 46.7 points behind MU at -15.1%.

DividendVision analysis is generated from public SEC filing data and may not capture every change. Review the original filing for complete information.